Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-17
INSTITUTE TO GIVE
AWARDS Of MERIT
Junior Bankers Will Get Ger
tificateS at Midyear
Meeting.
BY EDWARD c. STONE.

Many OF washington S junior bankers
who are members of the local chapter
American Institute of Banking VIII re-
ceive their certificates for completion
of the first sennester's work at the mid
year open meeting to be held March n
at Langley Junior High School.
A. z. HenZe, chapter president, an
nounced today that word has just been
received from New York national head
quarters showing those who passed the
first half year and the ranks that they
obtained. At the coming open meet
ing 1S local bankers will be presented
standard certificates, 81 more will be
awarded pre-standard certificates and
II will be given graduate certificates.
The graduate certificates are awarded
10 Young bankers who have completed
the regular courses and then gone on
and taken special work. Following the
presentation of the certificates, the
American Security Club will present a
play and the evening will end with
dancing,
Public Utility Reports Issued.
The annual reports of the public
utility companies Of the District Of Co
lun1bia for the year ended December
81. 1929, have been issued by the GOV
eminent Printing Office and are avail
able for distribution.
The annual reports are published by
art Of Congress and include the flnan-
cial statements of the Capital Traction
Co. Chesapeake 81 Potomac Telephone
Co, Georgetown Barge, Dock, Elevator
e. Railway Co. Washington Gas Light
Co, GEORGETOWN Gas Light Co, WASH
tngton Railway & Electric Co., Potomac
Electric Power Co. and the Washing
ton Interurban Railroad Co.
The reports Of all the companies are
,IHfn In
usual they include a complete list OF
stockholders. these lists showing that
the issues are very popular and equally
widely held, The assembling of the
eight reports brings a vast amount Of
local utility information under one COW
err. The combined reports are obtain
able from the superintendent of docu-
Document No. 80.
Pratt and Warden in Partnership.
A partnership has been formed be-
tween George w. Pratt, formerly local
manager for the First National Co. of
Baltimore. and Charles w. Warden vice
president of the Continental Trust Co.
until it's consolidation with the Com
nercial National Bank, to deal in high
grade investment trust securities.
Col Pratt is well-known in local
financial circles and is an old-tine resi-
dent of the Capital, at one time being
parliamentarian of Congress and Jour
nal clerk He also has large manufac-
turing interests in the South.
Mr.. Warden was charter officer OF
the Continental Trust Co. and was its
first vice president and active head
during the time the late Senator Scott
was president. For the past 81 years
he also has been a vice president of
the FIRST National Bank of Bristol,
Tenn. and bafore that was cashier and
director Of that bank.
He also is widely interested in apple
orchards in the valley of Virginia
having with other members Of his
family, large holdings in the vicinity Of
the Harry F. Byrd orchards.
The firm will operate under the name
of George w. Pratt & Co.
ChiId's Report Reflects Trend.
The February report of the Childs'
Restaurant Co. shows a slight gain
over the business in February 1929. For
the first two months of this year res
taurant sales are up per cent Chtlds
stock has been much stronger since
the change in management and these
figures are highly important to the
stockholders. But the report also shows
the trend of the time and presents
another example sof the reason why
the department stores kick about the
drug stores the tobacco. stores kick
about the chain stores. etc. because
they are all trying to sell each others
goods.
increase in miscellaneous sales of
coffee, tobaccos. candy and pastry. en-
abled the company to make this record,
according to L. E. Buswell, treasurer of
the company. 1.-THE outlook is pronis-
ing for still further increases in this
= ,.Nv tAA 800 AA~An Nssr.
display counters will be a feature OF
our newest restaurant TO be opened
around April l opposite Grand Central
Station. This unit will be modernistic
in tone"
TOdsy's Trading on Exchange.
Capital traction, selling ex dividend
81 so per share, opened on the local
Stock Exchange today with sale of
10 shares at Si34. This was followed
by sale of 10 shares at 81 and an
other similar sale at 8034. The mar
ket in Traction closed with f1ve-share
sale at 30, the days turnover being only
IS shares.
MergenthaIer Linotype changed hands
10 the extent of 20 shares at LOT and
closed with more selling at 10TH
Twelve shares of Peoples Drug Stores
preferred changed hands at 104l2
Real Estate Mortgage &, Guaranty pre-
ferred registered a tiny sale at z.
Only one bond sale took place during
the session, $4,000 Washington Gas S.
series B. changing hands at los. Emer-
sons Bromo Settler A stock is now be-
ing quoted ex dividend. along with
Capital Traction and American Tele-
phone.
Heard i'm Financial District.
The directors of the Union Trust Co
have declared the quarterly dividend OF
2 per cent payable on April Is to stock
holders of record on March 81.
The District National Securities Cor
poration has declared the regular quar-
terly dividend of 134 per cent, payable
April to shareholders of record
p. P. H. Siddons and H. w ireland
of the American Security 81 Trust Co
attended the bank management confer
ence in Philadelphia. Local bankers are
most enthusiastic over the sessions.
The American Security Club defeated
the Riggs Bank Club in Saturdays
bowling matches by 236 pins. Riggs
Bank team No. made the highest
score. 534 pins. The highest team SCI
Of three games was made by Security
Club team No. 2. which rolled 1886
pins. The highest individual score was
registered by Edward Skinner, Security
Club with $50 pins, the same bowler
scoring 398 IN a set
Retail trade in the fifth Federal Re-
serve district is reported to be about
the same as in the corresponding
period in 1929 according TO the latest
reports from Richmond
The outstanding per cent bonds
of F. e. w. Grand Properties, due in
1913, have been admitted to unlisted
trading on the New York Curb Ex-
change.
CHICAGO DAIRY MARKET.