Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-08

= 6I1aI the WOMEN & SkSN
= could attend all the - 5z
: "A. B. A. meetings. a
Miss Grace Stoer-
: mer, assistant vice mz Z
: president of the M.rv w,n,-..
Bank of Italy of
: Los Angeles, was
: elected president, succeeding Miss Nina
NJ. Bruere, assistant secretary of the
Central Hanover Bank g. Trust Co.
: New York. Miss Stoermer until her ad-
vancement few days ago, had beer
= director of the woman's banking depart
: ment of the Bank of Italy. 1t is now
expected that she will be in Wash
!; ington next week for short stay.
One of the notable addresses before
: the woman's association at Cleveland
: was given by Judge Florence E. Allen
: Of Ohio, the only woman State Supreme
r Court judge in the United States. Judge
{ Allen spoke on the Values of Yester-
5 day" The speaker went back and
quoted Plato, who said that "the ac-
: QUESTION of wealth was desirable If II
did not mean the denying of any one
or defrauding any one"
All Addresses by Women.
Mrs. Ralph Beebe, assistant cashier
? and director Of the woman'S depart
s fnent OF the Commerce Trust Co., Kan
sas City, spoke on Banking Contracts
: Through Service: Miss Annetta @
: Foster, manager woman's> department
:. Michigan Trust Co., Grand Rapids
gave an able address on 1.-THE Impor-
lance of the Woman Trust Client;
9 while Mrs Rose F. McKenna, director
banking service department, Wells
3 Fargo Bank 81 Union Trust Co., San
= Francisco, spoke on THE Budget" AL
= these active woman bankers presented
y some intensely. interesting ideas.
At one of the luncheons an auction
s sale took place at which different speak
= ers sold" checking. trust, safe deposit
= and other departments Of banking serv-
= ice. These sales talks proved one Of
: the most interesting features of the
- convention. The reports on what wom-
= en- are doing in banks all ever the
country showed that many arc bringing
"a great deal of extra business inte
= their banks.
The members of the association lost
mo opportunities to get what they could
z from the A. B. A. sessions. They all
met the new A. B. A president, Rome
C. Stephenson, and Controller John w
: Poole, and also paid them a visit Lillian
=. Oakley, an afficial Of the Cleveland
Trust Co, made their visits 70 the bank
particularly enjoyable. The woman
: the A. B. A. address by Col. Ayres OF
= the same bank.
More Savings Seen I'm 1891.
e Col. Ayres, economist, with q fast
growing following in American bust
ness and financial circles, was the only
Cievelander on the convention speak
ing program. Discussing Savings and
= Cycles" he said that experience over
the past go years shows that in every
@period OF depression savings ere drawn
down rapidly in the early stages and
begin TO build up again, reaching their
most rapid accumulation early in the
period Of recovery
!. Quoting commentator on the de-
preston OF 1884, Col. Ayres said the
theory that America makes debts in
~times Of prosperity and pays them In
times OF depression, still holds good.
I am confident that 1881 will be
o year OF progressive business recov-
NeTy II we do as we have in the past
progressively accumulate savings" Col
MAyres said. He expressed the belief that
1881 would witness year Of advancing
@bond prices since corporation bonds OF
the type bankers buy have always adj
vanced In price until business got back
TO normal in the past.
Inc women were naturally greatly
s.elated TO meet the new head of the
S-American Bankers Association. Mr..
Stephenson, who Is so well known In
washington, was born in Wabash, Ind.
In 1855, and has spent his entire active
lie IN banking. He was president of
Lne A. b. A. saving bank division in
1872 and was vice president of the as
ssociation last year. AS many local
Sbankers know, he plays golf, is fond
of all kinds Of sports and Is much
interested in politics. Socially. he
proves q great favorite wherever he
goes.
Peoples Drug Sales Improve.
While the sales Of some of the
Largest chain stores in the United States
have shown considerable decrease In
volume compared with last year, gross
business done by Peoples Drug Stores
Inc. so far this year displays Just the
Afeverse trend. September gross sales
were reported yesterday as 81 ,315 ,o29
&compared with 81 ,260, 945 in September
1929. or gain of 4.29 per cent.
Gross sales Tor the first nine months
of the present year also were reported
sthe amount being $l2,275.3 49, in COM
Aparison with sales Elm the first nine
months of 1929 amounting to S11,042,-
,s327. making q gain of 11.17 per cent
THE showing made so far this year
will be highly gratifying TO the host Of
local stockholders.
a With the peak in the years retail
sales yet to come, Peoples Drug is GER
tain to make q better showing for tht
IL months than for the same perioc
In 1929. The company's preferred STOCK
Is listed on the Washington Stock Ex'
schange and the common on the New
York Exchange.
Trading on ID. c. Exchange.
Bond trading was unusually active on
1.-The washington Stock Exchange today
sThe first sale was in Potomac Electri
,APower SIS at 100. Three 81 900 sale
In Washington Gas SIS took place, on
at los. the others at 1854.
washington Gas IS, series A. cam
out at 1924, while the series ga
BONDS sold at 1864 and 1861.
In the stock division trading opene'
with Potomac Electric 5 " per cent pre-
Ierred selling at l0e34, later selling Of
sfractionaIly Sales totaled go shares.
Fifty shares of Federal-American &C
common sold at 80. The next sale in
scluded 100 shares of Real Estate Mort
gage preferred at 6i2. Ten shares @
Woodward g. Lothrop preferred sold a
T09.
After call 10 shares of Mergenthale
Linotype moved at 94ls and 10 share
@pf Merchants Transfer 81 Storage pre-
ferred registered IS. Fifteen shares G
@Capital Traction sold at 551s, up a
eighth from yesterday.
Heard In Financial District.
Z The Association Of Reserve City Bank
aers annual convention will be held
Richmond Va, In April, 1881, accord
ing 20 Guy Emerson, the presiden
Robert v. Fleming and several otht
aocai bankers always attend the cor
Eention, but It has never been quii
40 Yaaar home hpfore Last year IL VS.