Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-12

Thorn, M. D. Ros- NJ
enberg, Robert N.
Harper, Victor B. Frank stetson.
Deyber, Francis q.
Addison jr.; Howard Moran and w. w
Spaid. The insignia for Robert V
Fleming. the associa tons present leader
was presented by w. w. Spald, last
years president
After presentation of the insignia,
Wilmer j. Waller, vice president, maze
brief remarks lauding the splendid serv-
ice rendered the association by PreSl-
dent Fleming. presenting him with 9
handsomely framed set OF engrosseo
resolutions conveying full appreciation
of members for his efforts The highly
commendatory words of praise and
gratitude were signed by 80 members
of the luncheon group.
The attendance at the luncheon was
close to record. 1t was memorable as
the last meeting of the kind under the
present administration which goes out
of office at next weeks convention. vice
President Waller and Secretary E. j
tMcQuade acted as special committee
on the insignia.
other past presidents entitled to the
insignia, who on account of illness, bust
ness engagements or for other reasons
were unable to be present to receive the
gifts in person, included Charles j. Bell,
John Jov Edison. Clarence F. Nornent,
Edward j. Stellwagen. George w. White,
B. F. Saul, John B. Larner and Joshua
Evans, jr.
Stetson Aids With Entertainment.
The special committee planning the
entertainment for the District of Co.
lurnbia Bankers Association has prac-
'tically finished it's work. according to
Chairman Thomas w. Brahany Be-
Of 1n ovnarNfiNYao1 lfhora lffxY nf
Carl Fisher. head of the Montauk de-
velopment, the entertainment furnished
this year is likely to be the most elabo-
rate that the local bankers have ever
enjoyed
Frank Stetson, trust officer of the
National Savings & Trust Co., is vice
chairman of this committee and has
co-operated to the fullest extent in the
advance arrangements. The other men,
bers of the committee are Francis G.
Addison, jr. F. w. Mckenzie, Archi-
bold McLachlen, E. j. McQuade and
Luther E. Schreiner.
Washington Gas Market Leader.
The most interesting sale on the
Washington Stock Exchange today was
a 100-Share block of Washington Gas
which changed hands at 124. OF a
point from yesterdays price for much
smaller lots. This big sale was fol-
lowed by II more shares going at the
same figure. The market closed with
123A bid and 12414 asked.
There were seven small-lot sales in
Mergenthaler Linotype, the stock open
ing at 95, selling off fractionally and
ton closed higher thany yesterday,
selling at "a after opening at 93Ts.
Railway &c Electric preferred moved at
9512, Potomac Power 6 per cent pre-
ferred at 11la, Peoples Drug Stores pre-
ferred at IA and Security Storage at
119.
Liberty National Bank sold at $40
and Merchants Bank 81 Trust Co. at
1902. The trading in bonds was con-
fined to Potomac Electric Consolidated
SIS, Washington Gas IS and series B IS,
all being in fair demand around recent
quotations.
J. C. Jost Again Heads Bank.
John c. Jost was reelected president
of the East Washington Savings Bank
at the organization meeting late yester-
day. Other officers reelected included
Samuel H. Walker first vice president;
Lewis Flemer, second vice president;
Charles A. Mccarthy, secretary and
treasurer.
Francis ]. Kane took his place as a
new trustee. succeeding the late Francis
r. Waller. The recently reelected
trustees are John C. w. Beall, James
A. Donohoe. Grant, E. Dunkum, MIR.
Flemer, John Ford, w. P. c. Hazen,
Michael A. Lynch, Mr.. Mccarthy, MIR.
Mckee, Mr.. NARROW, William N. Payne,
jr.; Mr.. Walker. John c. Weeden and
Mr.. Yost.
At yesterdays meeting the trustees
declared the semi-annual dividend of
2 per cent and an extra dividend of
per cent.
Two Other Dividends Declared.
The directors of the Federal Storage
Co have declared the regular quarter
.ly dividend of So per share on the pre-
S1erred stock. 1t is payable July Is to
stockholders of record at the close of
business June 20, according to an
nouncement by President E. K. Morris.
At the meeting of the board OF dt-
recrors of the Continental Trust Co
held today, the regular quarterly divi-
dend of u per cent was declared pay
able June 90 to share holders of record
at the close of business June "a.
A. i. b. Convention Opens.
A dispatch from Frank M Perley vice
president of Washington Chatter. A. l.
B., states that the Tulsa convention
opened yesterday with 1,700 delegates
present James A. Soper nominated T
f1uIlDOIl hCIlil All p1nIC VA VIC AAo
tional executive council and the Wash
ington delegates are hustling for his
election.
The session yesterday was addressed
by President Totten, Vice President
Evans and former Senator Thomas P
Gore. Eight departmental conference
were started and are to be continued
today and tomorrow for discussion OF
audits and accounting, bank admins
tration, business development and ad
vertiSing, checks and collections, credits
investments, savings banking and trus
functions. Finals in the national pub
Incorporating contest were held last
night.
Other Financial Notes.
Thomas w. Martin, president, ant
Logan Martin, general counsel OF Ala
bama Power Co., and Edwin F. Ladd
president of Merchants National Banl
OF Mobile, have been called by Fedora
Trade Commission to testify in its util
ity inquiry. It is understood the com
mission wished to inquire concerning
ownership of Southern newspapers.
Robert w. Stewart of Chicago, de
posed chairman of the board Of tn
Standard Oil Co. of Indiana, today CAV
100000 to Coe College, his alma mater
TO erect a library as memorial to NJ
parents, who settled in Cedar Rapid
when it was frontier village.
The Maryland Cash Credit Corpora
ton has announced an extra dividend
of Is cents a share on the preferred
also the regular quarterly payment o
Is cents share.
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