Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-23

city: John H.
Hogan of Chicago E
Harris c.. Kirk oil t24sAzE - aal'
san Francisco ana c. B. Hardwood.
Leslie A. Thornton
of Memphis were named directors u
serve tWO-year terms.
Denver was chosen as the meeting
place for the 1882 convention. boCa
bankers are most enthusiastic over TIT
Richmond sessions, held at the JONI
Marshall Hotel Delegates from othel
parts of the country especially enjoyed
side trips to charlottesville, WnllaihS
burg, jamestown and WesloFer'
Craig B. Lakewood former presldeh
of the American Bankers Association
was among the closing speakers, DIS
cussing "A Definite Program With re-
spect to Secondary" Reserves.
It was the organizations twentieth
annual convention, and about $50 bank
erS from all parts of the united StaIes
were present. The membership IN Iilt
association is very limited and II VIII DC
highly gratifying to the local financial
district that a Washington banker was
placed on the directorate.
Savings Bank Conference Here.
The eleventh annual conference OF
the National Association Of Mutual saw
ings Banks will be held in the Hote
Mayfower May 1922, inclusive. Henry
Bruere, president of the Bowery say
irgs Bank, New York, will address the
conference at its opening session, WheTl
delegates representing $500 100000 OF
deposits and 12575,000 depositors will
gather.
Other speakers will be Julius H,
Barnes, chairman of the Chamber OF
Commerce of the United States, VINO
is to discuss Capital and It's Relation
in Industry to Mutual Savings Banks
Matthew VOL. vice president OF the
American Federation Of LABOR, who will
speak on Labor and the Savings
Banks" and Rome C. Stephenson, pres
ident of the American Bankers Asso-
citation and a well known savings bank
er of South Bend, Ind, who Is to COM
plete the days program.
On May 81 DR.. Payson Smith, COM
missioner of education in MasSacnu-
sets, and DR.. George M. Wiley, assist
ant commissioner of education in New
York. will speak on Education and the
use of Money" and THE Social Values
in Training for Economic Citizenship"
as applied to American schools. Louis
T McFadden, chairman of the House
Committee on Banking and Currency,
is to be the guest of honor at lunch
con given by the association that day.
On the concluding day representative
savings bankers from the various states
will deal with problems affecting their
operation and investments.
Daylight Saving Starts Monday.
All the local brokerage houses viii
stat their tickers an hour earlier next
Monday when the daylight saving
schedule for the Summer is adopted In
New York Brokers and their army OF
clerks viii have to get up bit earlier
-fv.rv in sR~N1r m ar
town in time to look over ths morning
financial information sent out of New
York, digest it, and be ready for the
starting of the tape and the arrival OF
early customers.
The New York Stock Market and the
other important markets in New York
will open at 9 instead Of 10 and close at
2 instead Of O'Clock in the afternoon.
Trading Active on Exchange.
On the Washington Stock Exchange
today Capital Traction maintained its
better tone, nearly so shares changing
hands at 33lz.
Mergsnthaler Linotype gained during
the session, opening at 80ls and closing
at 30l2, on a 60-share turnover.
Railway & Electric preferred sold at
985s and 98i2 for 102 shares, Federal
American Co. common at 81 and
Peoples Drug Stores preferred at 1903
Two banks stocks appeared on the
board, five shares of District National
selling at 203 and 10 shares of National
Savings 81 Trust at 448.
Hunton Again Heads r., F &P.
Eppa Hunton, jr., was reelected
president Of the Richmond, Fredericks-
burg g. Potomac Railroad and the Rich
mond Terminal Railway companies and
all directors Of both companies were re-
elected at the annual stockholders
meeting held yesterday.
The r. F. g. p. annual report showed
net income of slI25681 for the year
1890, a decrease of so per cent from
1929, ascribed by Mr.. Hunton to gen.
eral business depression and the loss
Of freight and passenger traffic to pri-
Vate vehicles and buses. The company
has cut its passenger trains % per cent,
and expenses for maintenance and re-
pairs this year viii be lighter, Mr.. Hun
ton added.
r., F. & P. directors renamed were
w. w Atterbury, w. J. Harahan, Eppa
Hunton, lr; L. T. Myers, w. T. Reed
Henry Walters and Daniel Willard.
Cleaned in Financial District.
It. Stanley Holland Of the American
Security & Trust Co. will have charge
of the gold tournament at next We'd
IleSQdy > 0pFluS meeting OF Lil2 JBJr!Cg
Bankers Association at the Columbia
Country Club. Reservations are being
received very rapidly by Lawrence A.
Slaughter.
Chester F1ather, one Of the managers
of the Washington Offices Of g. NJ. 2.
Murphy e. Co. and president of the
Ticker Club, entertained about 20 mem
bers OF the club and other guests at
dinner al the Chevy Chase Club last
evening.
The Interstate Commerce Commits
sions order requiring the Richmond,
Fredericksburg 81 Potomac Railway 10
pay excess earnings TO the Government
probably viii be appealed 10 the United
States Supreme Court. AS get the roads
officers have made no decision. The
road is allowed l20 days in which 70
study the commissions order before
making an appeal.
William Knowles Cooper has returned
from New Haven, where he took part
in laying the corner stone for new
100000 Y. NJ. c. A. building.