Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-13

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starts at $50 with Harold d. Kraft,
head of the local association. presiding.
Mr.. Kraft said today that unusual In
terest was being manifested in the
meeting.
Claude H. Woodward, president of
the Mount Vernon Savings Bank, has
been appointed chairman of the trans
portation committee to arrange for the
next annual convention of the District
Bankers Association to be held at Ash
vile. N. c., June to 8, President W.
j. Waller announced today.
Mr.. woodward was chairman of this
same committee last year and his
services to the association were much
appreciated in connection with the con-
vention at Montauk Point, Long Island.
the officials are greatly pleased that
he has agreed to handle the tranSpor-
tstion situation again this year The
duties of this committee involve an
unusually large amount of work.
Mr.. woodward is one of the younger
bank presidents in the city. During
the three years he has been at the helm
of the Mount Vernon Savings Bank the
institution has shown marked progress
and growth.
Bonds Awarded to IgIehart.
The new issue of $4,000 State OF
Maryland Az per cent certificates Of
Indebtedness, general construction loan
of 1929, was awarded yesterday to j. A.
w. Iglehart & Co. Public Offering OF
the issue was made today.
The bonds will be dated February IS,
1880. and will be due Serially February
Is. 1888 to 1945. They were offered on
a per cent basis for maturities from
1888 to 1912, inclusive, and on q 3.95
per cent basis for maturitieS from 1913
to 1945, inclusive. The bonds viii be
exempt from all Federal income taxes
and will be tax free in Maryland.
The total net bonded debt of the State
of Maryland is less than / per cent of
the assessed valuation.
Bank Section Holds Meeting.
The f1duciary section of the District
Bankers Association held a monthly
dinner meeting last night at the City
Club, T. Stanley Holland reporting on
lfe-insurance trusts. A round-table dis
cusSion followed the report. About Is
members of the section were present, /
and Chairman David N. Houston pre-
sided.
Credit Men to Banquet.
r. Jesse Cheney of the Commercial
National Bank, who is chairman of the
entertainment committee of the WASH
1ngton Credit Mems Association, an
nounced today that the annual Mid
winter banquet and dance of the local
organization will take place at the Will
lard Saturday, March 8. The guest of
honor and principal speaker viii be DR.. /
Stephen I. Miller, executive manager
of the national association, who wiz
take for his subject Business and
Credit Conditions in the United States
for the Balance of $780," He is a bril-
liant speaker, and has host Of friends
in Washington.
Prices Steady on Exchange.
Trading was moderately active on the |
Washington Stock Exchange today after
yesterdays holiday. Railway & Electric |
preferred sold at 9712, Federal-Ameri- |
can National Bank stock came out at |
293 and Riggs National sold at 52715.
Mergenthaler again sold at 100, Peo-
pies Drug Stores preferred changed
hands at los and so shares of Wash
ington Mechanics Mortgage common
sold at 934. Potomac Electric Power
So per cent preferred sold at 10715 |
and l07&. Bonds held at recent levels. |
Heard in Financial District.
6. Bowie Chapman, resident partner |
OF Hartman q Co, has returned from
two weeks visit in Havana, Cuba, |
He reports a most enjoyable trip
William Montgomery, president of the
Acacia Mutual Life Association, has
gone on brief trip to Florida. He will
also visit several Southern branch
Offices.
Total student enrolment of Washing
ton Chapter, American Institute Of
Banking has reached $50, great interest
being shown in the second semester
classes.
American Stores CO. reports sales as
follows: Twenty-Seven days, ending
February /, 1880, S12,926,692; % DAYS,
ending February Q. 1929, $l3,OlO,372.
The figures, as presented by the COM
pany, cover different periods of time,
thus showing small decrease for the
current year, however, average sales
for the period in 1880 were S47s, 1855
per day, as compared with $464, 656 per
day for the 1929 period.
A banquet number" of Dollars and
Sense, publication of Washington Chap
eter. American Institute of Banking, will
be issued February 81. the day before
the annual banquet of the chapter at
the Willard Hotel
The annual meeting of the policy
holders Of the Acacia Mutual Life AS
g0ciafiOn will he hold T~,,acSo,,