Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-10


nor L. Dankmeyer Helen NJ Xy;Jcox.
of the Security
Savings & Commercial, for assistant
secretary; while j. Fred English wa
elected chief consul over William B
Lehler.
: New members of the board of cover.
nors elected were John M. DeMarco
Seventh Street Savings; Henry F. Kim
tall, American Security & Trust; Rob-
ert A. Sisson. Washington Savings, ano
William G. Winstead, National Metro
politan.
Members remaining on the board are
H. W. Burnside. Farmers 8G Mechanics
Branch; T. Hunton Leith. Security Saw
ings e. Commercial; Stuart S. Ogilvie
Second National; I. j. Roberts, Riggs
National; Miss Mabel V. Royce, Wash
ington Loan e. Trust Co.; Joseph D.
Yerkes, Federal-American.
James A. Soper. Lincoln National, re-
firing president Of the chapter becomes
a member of the board by virtue of Of
flee.
Directors whose terms expire are r
Jesse CLANCY, Aubrey o. Dooley, Alfred
w. Sherman, Miss Lois A. White and
Robert G. Whitton.
Mr.. Hence the president-elect, has
served on numerous important commit
tees becoming a member of the chap
ter's official staff three years ago as
treasurer and progressing to his pres
ent Office through the second and first
vice presidencies.
Miss Rose L. Royce, Washington
Loan & Trust Co., and Richard A. Nor
riS. Lincoln National Bank. are the new
secretary and treasurer, respectively, of
the chapter, their candidates. being I'M
opposed at the nominating session in
April. Miss Royce has been filling the
Office Of secretary and Mr.. Norris has
served as chief counsel during the last
year.
Woman Banker Reveals Talent.
Women members of Washington
Chapter. American Institute of Bank
ing, and of the local Bank Wonen's
Club are elated that Miss Helen M. VIII
cox won the elimination trials in ora
tory, held at the Raleigh Hotel this
week, and will represent this territory
at the national convention at Tulsa,
Okla, in June. There were 10 con-
testants from Virginia, West Virginia,
Maryland. North Carolina, New Jersey
and Pennsylvania in the contest.
Miss Wilcox is employed by the
Eighth National Bank in Philadelphia.
The local institute was asked to take
charge of the preliminary contest in
order to have it on neutral ground. The
judges were Alexander Wolf, general
Savings; Raymond B. Dickey, member
of the institute faculty here, and Arthur
Deering, public speaking instructor at
Catholic University. The first prize in
the final contest is $500.
Earn S1s5,OOO,OOO in Month.
Gross earnings of public utility enter
prises in March, 1929, exclusive of
telephone and telegraph companies, as
reported to Department of Commerce
by 95 companies or systems operating
gas, electric light, heat, power, traction
and water services and comprising prac-
tically all important organizations in
the United States, were $195, 600, 900,
compared with S194, 00O, 900 in February
and $1S7, 1884 In March, 1928.
Gross earnings of these companies
1892 100000. against SSH ,683, 1882 in the
first quarter of 1928 and $548 .879. $40 in
the first three months of 1927.
President Fleming Of the Bankers As
ISOLATION states that one days session at
the Montauk convention will be devoted
10 bank management. Henry H. Mckee,
president of the National Capital Bank,
will speak on the subject Of a secondary
reserve and discussion OF credit files
will be led by John Poole, president of
the Federal-American National. The
relation Of finance and discount COM
mittees to bank directors and bank of
6cers will be discussed by Mr.. Fleming.
Copies of the report of the protective
committee of the American Bankers
Association and of the insurance COM
mittee which were made to the execu-
tive council of the national organiza-
ton at its meeting at Biloxi, Miss. have
been forwarded by President Fleming to
local committee chairmen.
Interesting Exchange Session.
One new high mark and two new
lows were registered on the Washing
ton Stock Exchange today.
LanSton Monotype sold up to 100 fol-
the first time. The stock opened at 12e
and closed at the higher figure after q
turnover of go shares.
Capital Traction opened at 81 anC
sold of to 9612 on very light trading
The other issue to hit a new low point
was Columbia Sand & Gravel preferred
which came out at 905s and closed al
cola.
Potomac Electric Power 6 per cent
preferred sold at 113, Railway & Elec.
trio preferred moved at 971s and 97l4
and Washington Gas Light was agar
strong at 1892.
Federal-American Co. common sole
at so, Merchants Transfer & Storage
common at 125 and the preferred a.
1101a. Federal Storage preferred cam,
out at 100. Mergenthaler opened a
1072s and closed at 1912.
District National Bank stock brough
1882 and Riggs National 5771a. Ga!
and traction bonds sold at recent lev
els. Barber g. Ross 6l2s brought e51a
Special Bond Club Meeting.
According to announcement by Presi
dent Kenneth S. Wales today, tn
Washington Bond Club will have a spe
cial luncheon meeting next Tuesda,
noon at the Carlton Hotel The meet
ing will be addressed By Lothrop Stod
dard. member Of the advisory boar
of the United Investment Assuranc
System of Boston. England, Americ
and Our Money" will be his subject
Mr. Stoddard Is an author and econ
omist of considerable note. Nathan F
Arnold of Boston also will attend tn
luncheon.
The annual Spring meeting of tn
board of governors of the Investmen
Bankers Association of America Wi
! take place at White Sulphur, w. Va
y next week. Investment bankers fror
all parts of the country will be presen
Final examinations in banking fun
damentals will take place at the inst
tute this evening, this course being I'm
der Eliot H. Thomson.
Gross sales of Schultz United Seer
to 81 Stores, Inc, for April were 1882
FOL and for the four months ende
April 80 totaled S3,315,71e.
Gov. Young does not agree wit
critics that the Federal Reserve syS
TENS functions have failed to kee
pace with changing economic cond
lions. There is plenty of elasticity
it. and the very fact that it will NJ
be stretched too far is one of its stronl
j est pillars of security" he said u
\ other dav in San francisco.