Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-08

cant to the success of the coming con-
vention, and the Spring session is held
largely to stir up enthusiasm in the
later meeting.
As an added attraction the usual golf
tournament was started on the Column
bia links early this afternoon. The pro-
gram in connection with the dinner will
include the presentation of the golf
prizes by Merle Thorpe, editor of the
Nations Business: talks on convention
plans by Robert " Fleming, president
of the association, and Chairman Pope,
and music and other entertainment by
George O'Connor, Matt Horne and
Strickland Gilleland.
New Convention Plans Made.
The members of the women's COM
mittee for the Montauk convention in
June held their first meeting yesterday
afternoon at the home OF the CHAIR
man. Mrs. Robert V. Fleming. The
committee launched elaborate plans.
On the first morning of the convention.
Thursday, there will be bus rides about
Montauk Point and beach. through tne
section so remarkably developed by Carl
Fisher. Other bus rides will be pro-
vided in the afternoon. while there will
be afternoon tea on the lawn as well
as outdoor dancing.
On Friday afternoon the ladies will
be entertained at luncheon at the
Montauk Golf Club, with Mrs: Winner
j. Waller in charge. This will be tol-
lowed by bridge, Mrs. Lanier P. NC
I,achIen in charge, after which tea will
he served on the hotsl lawn and dane
ing will be enjoyed.
On Saturday morning the ladies' put
ting contest will be started at 10 O'CLOCK
In the afternoon there will be another
tea and more dancing, with Mrs. E, j..
McOuade as hostess. AS the convention
approaches other plans are to be mace
so that the feminine contingent at tne
convention will not have an idle mo-
ment.
Other Chairmen Have Meeting.
last night Thomas w. Brahany,
chairman of the entertainment COM
nittee for the June gathering, held
meeting at his home at which fun de-
tails of many novel entertainment lea
lures were discussed. Those who took
part in the discussion and a bunet
supper which followed were President
Robert v. Fleming of the Bankers
Association: Vice Presidents Wilmer j.
waller and Lanier P. McLachlen,
Secretary Edward j. McQuade, Treas
urer Albert S. Galley, Frederick P. II.
Siddons. Howard Moran, F. H. Cox,
Claude H Woodward, II. L. Seloy, F.
W. Mckenzie, Laurence Slaughter, 9:
B. Lyddane, Hilleary G. Hoskinson and
PerciVal Wilson.
Two Additional Convention Cups.
Two new trophies in connection with
the golf Journeys of the annual con-
vention in June are announced, fol-
lowing a meeting of the sports COM
nittee headed by Frederick H. Cox,
chairman.
In addition to the usual golf events,
two new contests have been added Tor
additional cups, one known as the Pop"
Fleming Cup, donated by I. A. Fleming,
financial. writer of The Washington
Star, and the Hatton Cup, presented
by Richard Hatton, financial editor OF
the Washington Herald.
The Fleming Cup is to be played for
by active officers of member banks, and
the Hatton Cup by any representative
of any member bank. The latter is TO
be a prize for a 54-hole low net or
composite score played during the first
three afternoons of the convention, or
for a consistent low score.
These cups are annual trophies and
ownership of them will be in the asso-
citation. The Fleming Cup is for golf
event every year and the Hatton Cup
has been designated by the association
as golf trophy this year.
Bank Has Perfect Student Mark.
The most significant and interesting
bit of information contained in the
May issue of Dollars and Sense, the Of
fetal publication of Washington Chap
ter, American Institute of Banking, Is
that the Washington Mechanics Savings
Bank has the remarkable record OF 100
per cent membership in the chapter
among both officers and employees.
It is of equal interest TO note that
every member of the board of directors
of the Lincoln National Bank has be-
come a member of the chapter. Credit
for this showing is given by the mem
berShip committee to William B. Mehl-
er, counsel for the Washington Mechan-
les. and Robert E. Lee, counsel for the
Lincoln. The Security Savings & Com
mercial Bank stands next in member
ship, with "a per cent.
Total membership in Washington
Chapter is given in the publication as
18l sustaining members and STA active
members.
Trading Lively on Exchange.
Trading was lively on the Washington
Stock Exchange today. Lanston Mono
type sold to the extent of about SO
shares at the strong price of 1913. Mer-
genthaler Linotype was about as active,
registering 1918 and i0712.
Capital Traction figured in several
oddlot sales at 97l4. Potomac Electric
Power 5l2 per cent preferred was in
demand in small lots at l07l4, 20 and
y. Washington Gas Light opened at
107% and sold up to lob for the first
time in several weeks.
Federal-American National Bank
stock sold at 1913, National Union Fire
Insurance Co. moved at 26l2. Chevy
Chase Dairy preferred at 1868 and Dis
trict National Investment preferred al
10l. Federal-American Co. common
sold at 50l2 and so.
In the bond division Capital Traction
SIS moved at 1884 and y, Potomac Elec
trio power 6s at LOT and Potomac Elec-
trio Consolidated SIS at par u. Rail
way e. Electric As moved at 36l2.
The closing bond sales were 81
c. &P. Telephone SIS at 100, and $1,000
Potomac Electric Consolidated SIS q
1904.
American Stores Earnings.
The American Stores Co. reports sale
of S1O.T67. OS3 for the four weeks ende
April 81. compared with sll,099912 70
the corresponding 1928 period. a de
crease of 1892, 879, or per cent. 70
the II weeks ended April 81 sale
totaled SAG, 283 1872, compared with S44,
371,Oll for the corresponding 1872
period, an increase og 81 ,9l2,37l, or 4.
per cent.
Heard in Financial District.
In expressing the belief that none
Is certain to work lower, local banke
said today that the public cannot c
will not trade on IA and Is per Ger
money. This will mean falling o
In brokers loans and gradual reduc
ton in interest rates. he said. -
-