Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-14


George n Waco moved at 9934.
Federal-Americal
National was the only bank stock out
Is shares selling at 343l4. Federal
American. Co. common came out at SAL
and closed at 543a. One hundred share
of National Mortgage & Investmen
preferred sold at 53a
Bonds were strong, $1,000 Capita
Traction IS selling at 101h: 81 900 Pc
tomac Electric first SIS at 9934, and thret
$1,000 sales in Washington Gas IS, serie
A, at los and better. A $1,000 Gas I
bond sold at 1864 and the same de
nomination Railway Sc Electric As a
1914. The market c,osed with Gas s.
selling a. l02.
The stock sheet shows a wide spread
IL washington Gas stock, ITO beins
tOday'S bid with 1875 asked, and no sales
Lanston'S expansion plans announce
yesterday kept that issue strong, IL:
bid and 126 asked, here again no sale.
being recorded.
Convention Committee Appointed.
G. H. Pope, chairman of the genera
convention committee of the District
Bankers Association, has appointed the
complete membership for the big June
gathering at Montauk Point, Long
Island. George o. Vass, vice president
OF the Riggs National Bank and chair
man of the associations publicity COM
mittee, has been made vice chairman
The following "a bank executives are on
the convention committee:
Corcoran Thorn, Charles j. Bell, How
ard Moran, American Security & Trust
Co.; Maurice Otterback, w. L. Koontz
AnaccStia Bank; Raymond L. Schreiner
Joseph H. Nicholson, Bank of Bright
wood; Maurice d. Rosenberg, John M
Riordan, Bank of Commerce and Saw
1ngs; Frederic E. harrington, Joseph A.
/ Burkart, Chevy Chase Savings Bank
Frank j. Stryker, Arthur N Mitchell
Columbia National Bank.
R. Golden Donaldson, Laurence A.
Slaughter, James H. Baden, CONNER
cial National; Wade H. Cooper, Ma
than B. Scott, 3D. Continental Trust
w. Brahany, Crane, Paris & Co.;
]. T. Exnicios, Raymond B. Dickey,
Departmental Bank; Robert N. Har-
per, John F. Maury, District Ma
tional; John G. Yost. Charles A. Nc
Carthy East Washington Savings
Bank
John Poole, w. T. Galliher, Erskine
Gordon, Federal-American National;
John B. Cochran, Thomas P. Hick-
man, Franklin National; w. B. Hibbs,
w. w. Spaid, K w. Corby, w. B.
Hibbs & Co.; John R. Waller, Austin c.
Waller, International Bank; Fer
nando Cuniberti, International Ex-
change Bank: George O. Watson, Ed
ward j. McQuade, Liberty National.
Other Committee Members.
Floyd E. Davis, Albert S. Galley
Lincoln National; Lanier P. McLach-
len, Archibald McLachlen, McLachlen
Luther E. Schreiner, Merchants Bank
g. Trust Co.; Bertram Chesterman,
Morris Plan Bank: Claude H. Wood
ward, Robert T. Highf1eld, Mount Ver-
non Savings; c. D. Radcliffe, Munsey
Trust Co.; George L. Starkey. j.
Frank White, National Bank of Wash
ington; Henry H. Mckee, H. G. Stew
art National Capital.
George w. White, C.. F. Jacobsen, Ma
tional Metropolitan; Frank Stetson,
Bruce Baird, National Savings & Trust
Co.; L. P. Steuart, w. Reginald Lewis,
Northeast Savings; Theodore Michael
George E. Walker, Robert S. Stun
Park Savings; Henry w. Offutt, B. Agee
Bowles, Potomac Savings; Robert v
Fleming, C. c. Glover, jr., Riggs Ma
tional; Victor B. Deyber, Samuel j
Prescott. Fred w. Mackenzie, Second
National; Julius l. PeySer, Francis G.
Addison, jr., Security Savings & Com
mercial; August H. Plugge, John r.
Wright, Seventh Street Savings; Ed
ward j. Stellwagen. Edison B. Odds
Union Trust Co.; William r. de Lash
Savings: John B. Larner, John Joy
Edison, Harry G. Meem, Washington
Loan g Trust Co.; Ezra Gould, Thomas
j. Groom, Washington Mechanics Saw
ings; Thomas E. FARRELL, John D. Leo
nard Washington Savings.
Bankers at Trust Conference.
Several Washington bankers are at
tending the trust conference under the
guidance of the American Bankers AS
ISOLATION, which opened in New York to-
day for three-day session. Among those
attending are David N. Houston, trust
officer, American Security & Trust Co.;
c. H. Pope, vice president of the Mum
sey Trust Co.; Lanier P. McLachlen
president of the McLachlen Banking
/ Corporation, and Charles H. Doing
manager of the Washington Loan &
Trust Co.'S Seventeenth street branch
Joseph S. Mccoy of the Treasury De-
partment is among the speakers.
Brokers Raise Minimum Charges.
Some of the local brokerage houses
have raised the minimum charges on al
security transactions. Brokers state they
have found that the execution of small
orders has been in many instances
several times their minimum charges.
For this reason they have established
a minimum commission charge of 81
per item on security transactions OF
every description excepting rights anc
partial executions.
Many New York firms are taking thu
same step. They report that they have
had TO add many clerks to handle thu
clerical work for many small lot trans
actions, that the work and costs arr
the same on five-share order as OF
500-share order.
Insurance Firms in New Home.
The building at 1900 Fifteenth stree
Workers Benefit Association and vii
n be not only its home. but the home o
4 the Union Cooperative Insurance AS
4 ISOLATION and of the Internationa
4 Brotherhood of Electrical Workers
4 Both of these insurance concerns ar
4 District of Columbia corporations.
Charles H. Nesbit, formerly superin
N tendent OF insurance OF the District
n who has been connected with the Elec
n trical Workers, Benefit Association sine
\ its inception, reports that both thes
n insurance organizations have mad
4 brilliant progress since they wer
u founded. The Electrical Benefit had
4 fine year in 1928. while the Union Co
operative doubled its business durin
N the same period
r. Jesse CLANCY of the Commerce.
1 National Bank, who is acting as chair
man Of the dinner committee of tn
5 Credit Mems Association, reports ths
a record attendance is promised fo
Saturday nights annual gathering a
n the willard
Laurence Hoes, with the Nations
N City Bank for several years, is no