Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-15

NJ. Perley, OF the
American Security
81 Trust Co.
The work of the John Joy Edison.
chapter in educa-
ton for the year has been outlined by
Aubrey o. Dooley, first vice president
and chairman of education.
The list of consulS for the chapter
for the year was made public by H. F.
Kimball, chairman of the publicity COM
mittee of the chapter, as follows
Paul j. Seltzer, main Office, American
Security Ss Trust Co.; Henry ONeill,
Central branch, American Security e.
Trust Co.; Gilbert F. Murphy South
west branch, American Security q Trust
Co; Paul Vanderbilt, Northeast branch,
American Security & Trust Co.; Rob-
ert B. Field, the Anacostia Bank Lewis
Dennis, Bank of Commerce & Savings;
Garth L. Beaver, Chevy Chase Savings
Bank; John M. Castell, Columbia Ma
tionsl Bank; James H. Dodge, Com
mercial National Bank; Ruth Libby,
the Departmental Bank; Frank Cook,
District National Bank; Richard L.
Schaefer, East Washington Savings
Bank; B. M. Brothers, Federal Ameri-
can National Bank; Ralph Norton,
Franklin National Bank; j. E. Nc
Geary, w 3. Hibbs az Co.; Ralph Col
Inns, Liberty National Bank; George
Mcclellan, Seventeenth and H streets
branch, Lincoln National Bank: Robert
E. Lee main Office, Lincoln National
Bank: Anne p. Crawford, McLachlen
Banking Corporation; Eugene Marks,
Merchants Bank & Trust Co.; willard
@. Barker, Morris Plan Bank; Wilson
r. Stokes, Mount Vernon Saving Bank;
Allen Norris Humphrey, the Munsey
Trust Co.; Edward B. O'Connell, the
National Bank of washington; Charles
b. Hagen, National Metropolitan Bank;
Scott D. Morris, National Savings g.
Trust Co.. p. Henry Coates, North Cap
itol Savings Bank Lloyd H. johnson.
Northeast Savings Bank; Collins O..
Lamb, Park Savings Bank; c.. Edward
Foreman, main efice, Riggs National
Bank; Lawrence w. Engelman, Dupont
Circle branch, Riggs National Bank;
Kenneth Birgfeld, Park road branch,
Riggs National Bank Robert NJ. Wilson,
Seventh and streets branch, Riggs Ma
tional Bank; Norman F. Brown, Eight
zenith street and Columbia road branch,
Riggs National Bank; c.. F. Brown,
Farmers & Mechanics branch. Riggs
National Bank; Stuart S. Ogilyie Sec
Ond National Bank: Frederick A. Daum,
Security Savings g. Commercial Bank;
Kathryn E. Bowers, Seventh Street
Savings Bank; Charles j. Mcdowell,
United States Savings Bank; Remick
S. Ferguson. the washington Loan e.
Trust Co : William T.. Matthews, Wash
ington Mechanics Savings Bank; Au-
gust r. Terneak, Washington Savings
Bank; Valentine w. r. Smith, the Citi-
gems National Bank, Alexandra, Va;
E. Wallace Schreiner. the First Ma
tional Bank, Alexandria, Va, Jesse Il.
stein. Peoples State Bank, Cherrydale,
Va; A. E. Bryan. jr., Takoma Park
Bank, Takoma Park Mod. G.
F. L. Waters, jr., Friendship Branch,
Riggs National Bank.
ID. C. Exchange.
Trading on the washington Stock Ex-
change was confined today to q few odo
lots consisting mostly OF public utln-
ties.
Prices held generally firm. The only
transactions worthy of mention were
sales of $4,000 Railway As at 09A and
80 shares of Merchants Bank & Trust
Co. at 125. In the unlisted department.
100 shares of washington Savings Bank
stock brought 1872 share.
Bank stock quotations were little
more interesting than they have been.
New Treasury Bills.
Secretary of the Treasury Mellon an
nounced that the issue of $l20,000,000
In Treasury bills had been sold at an
average price of 99504, equivalent to an
average rate of 1876 per cent on bank
discount basis
The bills were dated August 1s, 1880
and mature November II, 1880. Appli-
cations were received for 1897, 10000.
During the depression, while Stats
tics of most corporations show a de-
cline, there was distinct optimism in the
report today by the Great Atlantic &,
Pacific Tea Co., which has many stores
in this city and vicinity, that they had
greater sales for July, 1880. than for
any other July in the history of the
company"
The increase in dollar sales, the re-
port said, was 3.26 per cent over sales
for the corresponding period a year ago
and the increase in physical Volume was
1888 per cent.
Washington Loan g. Trust.
Three original members of the board
of directors are still active in directing
the destinies of the Washington Loan
& Trust Co., which today was receiv-
ing congratulations on its forty-flrst
birthday. The three are: John B.
Larner now president, who was then
general counsel; John Joy Edison, who
is now chairman of the board of direc-
tors, who was then vice president, and
Albert F. Funk, a member Of the board.
Reserve Credit.
The daily average volume Of Federal
Reserve Bank credit outstanding dur
ing the week ending August Is, as re-
ported by the Federal Reserve Banks,
was 81 Dol COO, 600, an increase of $l3,-
OO0, 900, compared with the preceding
week, and a decrease of $3S0,000,OOO
compared with the corresponding week
OF 1929.
on August 10 total Reserve Bank
credit outstanding amounted to $685.
600 600, an increase of $42 100000 fol
the week. This increase corresponds
with increases of $36,000,000 in mem
Der bank reserve balances and $4,000
600 in unexpended capital funds, etc.
and a decrease Of s5,0o000o in none
tary gold stock, offset in part by ar
increase of $5,000,000 in Treasury cur
Yency.
has been elected a member Of the boarc
of directors of the District Nationa
Bank. He was formerly patent at
torney, but recently has given up thi!
practice to give his time to manage