Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-25

crea sed further by ~ "a
about $3.50, 100000
during this period NJ. ID. Rosenberg. 4
and were in larger
volume than. at any other time IN the
past two years.
Member bank balances at the reserve
banks increased. and in the Teek end
ing July 10, averaged $50 100000 more
than five weeks earlier, and at the
same time their borrowings from the
reserve banks declined by nearly $40
900 000-refecting an increase in the
reserve banks holdings of acceptances
and Government securities, further
slight growth in gold stock and con-
tinued decline in the volume of money
in circulation.
Money rates in the open market con-
tinued to ease and in the middle of
July rates on 90-day bankers accept
ances at Ia per cent were at new
low level, while rates on commercial
paper at 3a3A per cent were at the
low point of 1924.
During July the reserve bank dis
count rate was reduced at Boston FROM
S19 to 8 per cent, and at Philadelphia,
Atlanta and Richmond, from to ga
per cent.
The value of building contracts
awarded in June. $500 100000 accord
ing to the F. w. Dodge Corporation,
was about 80 ,Jer cent more than in
May and the largest since last July.
The increase reflected chiefly unusually
large awards for natural gas pipe lines
and power plants. The volume OF con-
tracts for residential building was some
what smaller than in May. In early
July the total volume of contracts was
small.
Capital Traction Again Higher.
Capital Traction stock again, sold
fractionally higher on the washington
Stock Exchange today, winding up the
week at 677s. The stock opened at STA.
The days sales totaled 48 shares.
Steamboat rights sold at 1898, Po-
tomac Electric Power sig per cent pre-
ferred came out at 1084 and Lanston
Monotype again sold at ia. Peoples
Drug Stores changed hands at 104
After call, Potomac Power per cent
preferred registered 111A. Terminal
Warehousing moved at AZ, a single
share of Lincoln National Bank stock
sold at 400 and 20 shares of Mergen-
tl1aler Linotype changed hands at 81.
The market closed with 20 shares OF
Federal-American Co. preferred selling
at 90 and 40 shares of Federal-Amer-
lean Co. common at 30A. The unlisted
securities were called off and showed
practically no quotation changes.
A. l. b. Committee Meets.
The Educational Committee of WASH
ington Chapter, A. !. B. met last night
and continued discussion of the educa-
tional program for the coming Winter
terms. Chairman Aubrey o. Dooley
presided at the meeting.
Many Bankers OF on Trips.
Maurice D. Rosenberg. president of
af T. "a
Mrs. Rosenberg, sailed from New York
today on the steamer Southern Gross
for South America. They will make an
extensive tour of that continent and
be away from Washington about three
months
George A. Garrett, resident partner
of F. B. Keech g. Co. left Washington
yesterday for Columbus, Ohio, where
he planned to board an airplane for
San Antonio. Tex. He viii attend Q
convention while In San Antonio and
be back in the Capital early in August.
Harry e. Meyer, director in the
Bank of Commerce & Savings, is spend
ing two months at New London, Conn.
w. w. Spaid, partner in W. H. Hib5s
g. Co.. is spending the week end at
Atlantic City. He is accompanied by
Edward Wolf, president of the First Ma
tional Bank of Bridgeport, Conn, who
Is IOTIIleT
Albert S. Galley, vice president of the
Lincoln National Bank, is reported to-
day as steadily improving at Sibley Hos
pital, where he was recently operated
upon for a carbuncle. He has received
many calls from fellow bankers.
Ellie Sheetz, well known business man
and director in the Bank of Commerce
g. Savings, is passing few weeks al
the Homestead at Hot Springs, Va.
G. j. Gockeler, vice president of the
District National Bank and secretary Of
the Washington stock Exchange, will
pass the week end at Margate City. NJ j
j. Thilman Hendrick, chairman of
the board of the Linotype Machine Co.
left here today for few days outing
ct Atlantic City
Robert F. Cahill, connected with the
local Office of M. ]. Meehan & Co., is
spending his vacation with his father
tn-law. Joseph Tun1ulty, at Spring
Lake, N, j.
Bankers Offered Special Rates.
Reduced fares h1ve been granted by
the various railway passenger associa-
tons for the convention of the Amer
lean Bankers Association to be held
at Cleveland. Ohio September 20 to
October 2. The reductions are based
on The Identification certificate plan anc
are dNdlldDlp 10 In6HDPTS Oh II1P dSSO'
citation and dependent members of theil
families going and returning by the
same route
The rates are as follows: Fare anc
one-half for the round trip. tickets Il
be sold with certain exceptions, Sep
TENDER rs to October /, with flna
return limit October 8: or fare anC
three-f1fths for the round trip. tickets
to be sold, with certain exceptions
September Is to october /, with fina
return limit 80 days in addition Il
date Of SALE
Miss White on National Board.
It. was announced today that Mis-!
Lois A. White, secretary TO John Poole
president Of the Federal-American Ma.
tional Bank. has been. appointed t.
membership on the National Women!
Committee of the American Institute o.
Banking.
Miss White merits the honor for me-
long service in Washington Chapter
She is at present secretary of the loca
chapter and has served on the boarC
of governors. acted on several importan
standing committees and attended sew
eral national conventions.
In addition to her work for Wash
ington Chapter, Miss White is pas
president of the Washington Banl
Women's Club, an organization which
she assisted In founding and which hai
grown to substantial proportions in tn
past three years.
l..