Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-13
BANKERS APPOINT
FIVE COMMITTEES
Several Local FinancierS to
Serve Southeastern In
vestment Group.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
The following standing committees
for 192e-l930 for the Southeastern
group OF the Investment Bankers Assoc
citation Of America were announced to-
day by G. T. Williams Of Baltimore,
chairman Of the group.
The membership of the Southeastern
group numbers about 100 of the rep
resentative investment banking houses,
which includes in its territory Mary
land, District of Columbia, North ana
South Carolina Virginia and West VII
ginia. The committees:
Legislation-T. Stockton Matthews
(chairman), Robert Garrett & Sons,
Baltimore; Paul v. Keyser, attorney,
washington Montague Blundon, Ka-
rawha Banking g. Trust Co., Charles
ton, w. Va; r. S. Small South Caro-
lima Security Co., Charleston, S. G.;
Randolph G. Harrison, Planters
Bank g. Trust Co.. Richmond.
Membership--Harry F, Middendor1
(chairman). J.. william Middendorf q
Sons: Bernard H. Feustman, Frank,
Rosenberg & Co.; Walter S. Robertson,
Scott & Stringfellow, Richmond;
George S. Shriver. Hambleton d. 90.
Business practice-1redell w. Iglt-
hart (chairman), Baltimore Trust Co;
William G. Baker, Baker, Watts & Co.;
John G. Brogden, Strother, Brogden q
Co: Eugene e. Thompson, Crane, PAT
ris g. Co., Washington.
Entertainment--Guy H. Reese CHAIR
mani, Townsend Scott g. Son; Harry
F. Swope, Alexander Brown 81 Sons;
Thomas S. Trail, ColSton, Head and
Trail: BENJAMIN d. Williams, jr., j. A.
w. Iglehart & Co.; G. Alfred Spilker,
Equitable Trust Co.
Fraudulent advertising-John r Baer
(chairman), John p Baer & Co.; Harry
w. Neepier, j. S. Wilson, 1r., q Co;
Y. e. Booker, Y. E. Booker q 20,
washington; Eugene l.. Miles, baltl-
more Trust Co.
New Director Is Elected.
The Security Finance Corporation
announces the election OF Harry M:
Kevser as a member of the board OF
directors to fill the vacancy caused by
the death of T. Lincoln Townsend.
Keyser is secretary Of the Washing
ton Railway g. Electric Co. and d.
rector Of the Munsey Trust co.
The Security Finance Corporation Is
a firm of commercial bankers located
in the Investment Building.
While the country as a whole showed
a loss in savings bank deposits for the
year ending June 80, regional sur
Vey, prepared by w. ESpey Alblg OF
the American Bankers Association, re-
veals Washington banks as making a
gain of 81 per inhabitant.
1t was different story in Maryland:
Virginia and West Virginia. Maryland
reported a loss of So per person or SO
depositors during the year. Virginia
which last year had the greatest NUM-
Der of savings bank depositors Of any
Southern State, sustained q loss OF
almost 10000 depositors, while West |
Virginia reported loss Of $4,000 in the
same period,
figures show a loss in savings &C
counts BY groups, however, the
six New England States gained more
than $50, 800 900 in savings and 152-
9s4 in savings depoSitors. The seven |
Pacific States gained over $79 ,00O,OO
in deposits and 278,0o0 depositors.
Florida, North Carolina and Georgia
reported recessions. as did other South
ern States, but Kentucky and Missis-
sippi had substantial gains.
Heard in, Financial District.
The members Of the washington
Stock Exchange have been invited to
an oyster roast Saturday afternoon at 2
O'Clock at Wild Rose Shores, near An
napolis, by Mai. EnnaIls Waggaman,
Frank B. Pryor, partner in Wagga-
man g. Brawner, and George O. Wal
SOl. bAIC CAGAAhBEs NSOAA~ /
lively bidding for oysters is expected.
The latest trends and newest methods |
in business will be discussed tomorrow |
evening at the Masonic Temple by @. Il. /
Marchand, president OF the National
University Society. The organization |
has extended an invitation to Washing |
ton bankers and business men to be |
present.
American Stores Co. sales for the five |
weeks ended November 2, 1919. amounted |
to sI4,O24 .524, against $13.3805l5 for |
the same weeks in 1923. Sales for Al
weeks ended November /, 1929. totaled |
$l1S,686 ,286. against $1l4,137, 527 for the
same period last year.
September net operating income Of
the American Telephone & Telegraph
Co. was 81, 1903 ,085, an increase Of $347,-
082. Nine months net amounted TO
S29, 667, 1856, an increase Of $2,059,023.
The Federal Farm Board has ap-
proved loans of 1000, 900 to Southern
cotton cooperative associations in two
supplemental commodity loans.
Exchange Closes Saturday.
The governors of the Washington
exchange again Saturday as the New
York Exchange will be closed on that
date.
Trading today was rather moderate
but interesting. Washington Gas cs,
series A, led the transactions in bonds,
1900 and 81 900 denominations chang
ing hands at 99A, the first time these
bonds have sold below 100. Railway &
Electric As came out at 81, Washing
tngton Gas SIS at 81 and 98A and Ana
costa & Potomac Railroad SIS at 9844
Ten shares of Riggs National stock
sold at 523 and five more at $40, new
low mark on the present move. Fifteen
shares of American Security g. Trust
sold at 400, also new low. Ten shares
of Security Savings g. Commercial came
out at 400.
Potomac Electric 51zs per cent pre-
ferred sold at 1924, Lanston at 1131R,
Merchants Transfer & Storage prefer
red at SO. washington Mechanics
Mortgage common sold at IL and Rail-
way & Electric preferred at 49,.