Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-01

The advance program OF tne amer
lean Bankers Association. which holds
its annual convention at San Francisco
from September 80 to October 3, looks
good to local bankers. The general
meeting of the national bank division
opens on Monday at $50 am. at the
Hotel st. Francis. The clearing house
executive committee is due to meet on
the same day at 1890.
On Tuesday, October l, the clearing
house section examiners conference
opens al 2:30 and the savings bank di-
vision has a meeting at the same time.
The nominating committee meets on the
same day at $50, these meetings being
followed by the subscription dinner OF
the National Alumni Association of the
American Institute of Banking at 6
o'clock On Wednesday the incoming
president of the A. B. A. gives din
ner to the incoming State vice presI-
dents at 80.
The sessions of the general convention
will be held in the convention hall on
the mornings of October /. 2 and 3.
The convention is always addressed by
the best speakers obtairable and this
year will be no exception, according to
Craig B. Lakewood, the president.
In and Out of the Local Banks.
c. J. Gockeler, vice president of the
the Washington Stock Exchange, will
leave Washington tomorrow to spend
month vacation at his estate at Mar
fate, N. j. He will be accompanied by
his mother. Mr.. Gockeler reported to-
day that the Washington Stock Ex-
change has done just double the bust
ness this Summer that it did the same
period year ago.
C. H Pope, vice president of the
Munsey Trust Co., and secretary of the
District Bankers Association, was ex-
pected at his office today sitter a
month vacation spent in New York
State.
Richard Hatton. financial editor of
tWo-week vacation. He is following
the example set. by some of his banker
friends and is remaining in Washing
ton.
Rolfe E Boiling, president of the
Merchants Bank & Trust Co., has re-
turned from a short vacation spent his
old home in Abingdon, Va
William R. Baum, former vice presi-
dent of the Mount Vernon Savings
Bank, is in the city for a few days.
He is now manager of the New York
office of the F. H. Smith Co. Daniel
r. CrisSinger, chairman of the execu-
tive committee of the same firm is
in Southern Maryland on fishing ex-
cursion.
Bank Stocks Popular Today.
Four Washington bank stocks ap-
peared during the days trading on the
local Stock Exchange, selling in small
lots. Riggs National sold at SIG, Union
Trust at 525, Merchants Bank g. Trust
Co. at $50 and Washington Loan &
Trust at 535.
Capital Traction sold to the extent
of 70 shares at 1884, Potomac Electric
Power 5l2 per cent preferred was in
demand at 1882, 81 and Il. The 6
per cent issue came out in a small sale
at 1922. A small sale in Washington
Railway & Electric preferred took place
at 98l4.
Federal-American Co. common sold
at AS, Lanston Monotype at 1877. Mer-
chants Transfer & Storage preferred
at 1865, 20 shares of National Mort
gage 81 Investment preferred at 43s
and 200 shares of Real Estate Mortgage
& Guarantee preferred sold at 73s.
In the bond division Capital Traction
SIS registered 98I.. Chestnut Farms
Dairy GIGS. 106l2 Washington Gas AS,
101l2, and the Gas BIS, LOG. George
town Gas SIS sold at 100, $1,000 Wash
ington Railway e. Electric 4s at 86A.
Firm Declares Dividend.
The Washington Office announces the
Standard Collateral Shares Corporation
on August Is will pay to holders of
common stock of record July Is a divi-
dend Of 60O62 cents per share.
The price of these trusted shares
during this period ranged from $12 to
$19375, so that this dividend will show
a yield at the rate of 10 per cent on the
low and 60 per cent on the high price
of the period.
The Virginia. Carolina Chemical Cor
poration has declared regular quarterly
dividend of $1.75 on prior preference
stock, payable September to stock of