Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-13
Bankers Invite Special Guests.


Specially invited guests to the thir-
teenth annual convention of the District
Bankers Association, which opens at
Hot Springs, Va, next Thursday morn
ing, include:
Controller of the Currency ]. w
Pole and Mrs. Pole. First Deputy Con-
troller of the Currency F.. @. Await and
Mrs Await. President Rome c. StSpn-
enson, American Bankers Association
Chairman OF the Board William w
HoXton. + deral Reserve Bank of Rich
mond, and Mrs. HoXton, Cashier George
H. KeeSee, Federal Reserve Bank OF
Richmond; Executive Manager Fred N
Shepherd. American Bankers Associa-
ton, and Mrs. Shepherd; MI. and Mrs.
Frank J. Hogan. Mr.. and Mrs William
j. Donovan, Cashier O. Howard Wolfe
Philadelphia National Bank. and Mrs
Wolfe; Albert w. Atwood, editorial and
financial writer, Saturday Evening Post;
Representative Edgar E. Mountjoy, ma
tional bank division. American Bankers
Association, and Mrs. MOuntjOy; Chi-t
National Bank Examiner I. l. Ch0rpen-
ing, Fifth Federal Reserve District.
Selects Speculative Stocks.
J. George Frederick, who wrote Fifty
Hand Pick d Common Stocks" and
Common Stocks and the Average Man,
has just written another book, this
time the title being Twenty Hand
Picked LOW-Priced Common Stocks.
The book published by Business Boursa,
New York, presents highly interesting
list, all the issues now selling under
$40 a share. His list is diversified, and
the author gives many reasons for his
selection of each stock.
The writer insists that there are
some fine speculative stocks on the
New York Exchange right now. Which
are the good ones, he asks, not cheap
because they are nearly worthless. An
interesting feature of the book is a re-
View Of each industry as a whole III
which he has selected special stocks.
Another fact about the book is the
speed with which it came off the press.
II gives quotations on stocks as late as
May l6. last.
Mr.. Frederick IS urging the purchase
of common stocks at present levels,
stresses the low rate on commercial
paper Buy stocks when the rate
is under per cent" he says. and sell
them when 1t gets to 6 per cent, 1t
has never failed that stocks have turned
down when the rate got as high as 6
per cent
A more liberal attitude toward civil
ian air passenger travel recently has
been announced by the Mutual Benefit
Life Insurance Co. OF Newark, N. j., &C
cording to its Washington office Appli-
Cants for life insurance who expect to
make as many rs 20 flights per year are
now acceptable at standard rates for
sizeeb BILE amounts. The statement of
the Mutual Benefit is of great interest
to local insurance men. 1t is felt that
it may portend more lenient policy
on the part of all the big companies
toward aviation hazards.
Grocery Sales Holding Well.
According to a compilation issued by
Merrill, Lynch & Co., 49 chain store
companies, including three mail-order
concerns, show total sales for the first
five months of 1881 of Sl,559 ,525 ,213,
against 81, 629, $50 or in the correspond
ing period OF 1880, decrease of 429
Der cent. The three mail-order COM
panies alone show sales for the first five
months of 1881 of 1921 ,961, 1877, against
1852 ,O44, 780 III the first five months of
1880. a decrease of 1l.48 per cent. EX-
Guiding the mail-order concerns, 46
companies show sales for the five
months of 1881 of 81 1921 SOB 1856, against
sales Of Sl,367, 507.292 in the same pc
xiod of 1880. a decrease Of 2.92 per cent.