Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-20

American National u
Bank, who mao
been on the utility CIoyd n. Marvin.
company's directo-
rate for many years DR.. Marvin has
been highly successful since he took
the helm at George washington uni
yersity. He is known as close STU
dent of economies his work along THIS
line making him well qualified to serve
on the railway board.
Bankers Meet This Afternoon.
The District of Columbia Bankers
Association will hold a special meeting
this afternoon at 4 o'clock in the Beck
or Building to take final action on the
report of the advertising committee.
President w. J. Waller called the meet
ing in conformity with vote taken
at the annual convention at Montauk
Point.
The advertising committee has pre-
pared with great care q special program
Of advertising which would be carried
on through the local newspapers ana
over the radio. The proposed cam.
paien is the most elaborate OF the KIND
ever drawn up for the National Capitai:
the meeting and the cost to each bank
will also be announced.
Conversation with local bankers indi-
Gates that some favor the plan most en-
Enthusiastically. Others doubt the adj
visibility Of the radio feature. The
discussion Is certain to prove most in
teresting. The success Of the Christ
mas Savings Club advertising was Moth
ing less than brilliant as savings this
year were raised to 100000 by the
local banks. The advertising commit
tee Is made up Of some OF the ableSt
bankers in Washington, and their recon-
lnendations will be given great weight.
Bank Women Have Banquet.
The annual dinner of the women's
committee of Washington Chapter,
American Institute Of Banking, at the
City Club last night was complete
success. Miss Mildred Woodcock, presi-
dent of the club, presided and short
addresses were made by A. E. Henze.
educational chairman; T. Hunton Leith,
national councilman, and Raymond B.
Dickey, dean of the faculty.
Mrs. Anne T. RenShaw, head OF
school Of expression, also spoke most
entertainingly. Mrs. RenShaw opened
her remarks by stating that she had
recently seen Miss Theoria Roberts,
formerly employed in the Commercial
National, who went South for her
health two years ago. Mrs. Renshaw
brought q greeting from Miss Roberts
which she wished delivered to her for
mer associates. Strangely enough,
telegram was received here this morn
ing telling Of the death Of Miss Roberts
last night
Music was among the dinner features,
this being directed by w. A. Cady, jr.,
Harry r. Kimball accompanying dur
ing the songs. Members of the women'S
committee include Miss Mary Craven,
secretary; Miss Lois A. White, Miss
Mabel v. Royce, Miss Catherine M.Kries,
Miss Winifred Burwell. Miss Eleanor
Dankmeyer, Miss Ellen Crawford, Miss
Anne Crawford, Miss Helen Goodin, Mrs.
Eunice Dampier, Miss Alice Whitton,
Mrs Marjorie Tucker, Miss Hattie Pot
ter and Mrs. Edna Lunsford.
Dividends and Other Notes.
The Federal-American Co. has de-
clared q dividend Of $3.50 per share on
the preferred stock and 80 cents q share
on the common stock, both payable Oc-
tober on stock of record September
IS.
The trustees of the Woodward g.
Lothrop Co. have declared the regular
quarterly dividend of 13 per cent par
share on the preferred stock. The dis
bursement Is payable September 20
to stock of record September %.
Notices have been received here OF the
declaration by the American Telephone
AZ TELEGRAPH Co. of the regular $2.25
per share quarterly dividend. 1t Is pay
able on October IS to shareholders OF
record September 20.
Fox Film Corporation has declared
the class A and class common,
payable October is to stock of record
Alexander Wolf. director and trust
oficer of the Second National Bank
and a director OF the Bank of Com
merce & Savings, is expected late today
from q six-week tour III Europe.
John e. Parker, OF g. M: p. Murphy
81 Co., has returned to the H street
ONCE after his vacation, which he spent
on a visit at Blue Ridge Summit and a
motor trip to Boston and other places
in Massachusetts,.
C. q O. August Revenues UP.
Chesapeake & Ohio August net in
come after taxes and charges estimated
at $3,200,oo0, as against $2,s2S,S49 in
Gross revenues of the Chesapeake g.
Ohio Railway for August are estimated
at approximately $l1 ,533 900 and net
income after taxes and charges at
81, 400 000 This compares with gross
revenues Of Sill ,004, SIT and net income
Of $2,e2S, 349 in August, 1928.
Brokers' loans increased sos, 600 600
$500 o00, 900, q new high record; Fed
eral Reserve system ratio, 1873 per cent.
against 1877 per cent week ago ana
$50 per cent q year ago; New York
Bank, IS per cent, against 1874 and
627 per cent, respectively; no an
nouncement on New York per cent
rediscount rate.
Peoples Drug Market Feature.
Peoples Drug Stores preferred stock
featured trading on the Washington
stock Exchange today. The stock opened
with 80 shares selling at lls, so more
selling at 11eA, and q closing sale OF 10
shares at 119h.
Capital Traction, ex dividend, at % and
90 more shares at 02A. American
Security d Trust was one OF two bank
stocks out, 10 shares moving at 4S1. The
other was District National Bank, which
sold at 224.
Bonds were again in good demand at
recent price levels. The unlisted secilri-
ties were called on and revealed few
changes In price quotations from last
week.
BUYS FREIGHT COMPANY.
NEW YORK, September 20 Dr..
The Judson Freight Forwarding Co. OF
Aae the