The Washington times., 1931-02-07
LOCAL TRADING
REFLECTS DULL
OUTLOOK
Professional Traders Believe
Mart viii Continue Slow
Until End OF First Quarter

WdIl WIN OUIIlHlue SlUW
Until End Of First Quarter
Today's trading on the Wash
ington Stock Exchange was char
acteristic of many sessions in the
past month.
While transactions were slow.
compared to what would be ex-
pected under normal conditions,
brokers as we'll as professional OBJ
servers find much in the local out,
look OF an encouraging nature.
Slight Drops Noted
There have been slight drops in
the prices obtained for a few of
the active stocks and bonds but
the market generally has been
firm. Sluggish trading is regard
ed as a reflection of the attitude
of watchful waiting, with opti-
misr1 as a guide, which, it has
been forecast, will probably be
prevalent until midsummer.
While there have been no bull
moves locally neither has there
been outward indications of a
bearish attitude. The values are
accepted as being existent. Lack
OF volume show reluctance to part
with possessions at prices too far
below their real worth.
The local exchange, dealing al,
most entirely in offerings of Wash,
ington firms, Is not sensitive to
those influences which show such
marked reactions on the big board
in New York.
The following officials of the
Washington Chapter of the Ameri
can Institute of Banking will be
included in the District delcga.
ton which will attend the annual
banquet tonight of the Baltimore
Chapter: Frank M. Perley. preSl
dent Aubray o. Dooley, vice presi.
dent; Richard Norris. James A
Soper. I. j. Roberts. Miss Mabel
v. Royce and Miss Rose Royce.
Frederick P. H. Siddons. general
chairman of the 1881 convention
committee of the District of Co
lunbia Bankers Association. has
announced the appointment OF
the following members of the
hotel committee, in addition to
Luther E. Schreiner, chairman
and j. T. Exnicios, vice chairman
previously named:
j. D. Howard. president
Seventh street Savings Bank !;
Louis C. Eckloff. assistant cashier,
National Metropolitan Bank; H.
G. Meem. vice president, Wash
ington Loan and Trust Company;
F. Cunibert, president, 1nterna-
tional Exchange Bank; w. R.
Lewis. cashier, Northwest Savings
Bank; Thomas P. Hickman, vice
president, Franklin National
Bank; R. L. Flather, assistant
secretary. American Security and
Trust Company: B. L. Schreiner
president, Bank of Brightwood.
Resolutions upon the recent
death of B. F. Saul, a member
of the association. were passed at
a special meeting of the District
of Columbia Bankers Association
called for the purpose yesterday
afternoon by President Lanier P
McLachlen.
After a short sketch of the
life of Mr.. Saul. who was at one
time president of the association
and mention of his pre-efnlnentlJ
successful career, his contribution
to the success of many large
ORGANIZATIONS, both local and ma
tional, the confidence and esteem
in which he was held and his
contributions to the civic affairs
and charities, the resolution said
Therefore be il resolved:
That in the death of b. Fran
els Saul the District of COlunl-
bia has lost one of its fore
most citizens whose work in
the domain of public and pri-
vate effort contributed in a
very large degree to the ad-
vanCement of the community
and the welfare of its citizens;
THAT the many business en-
terprises with which he was
connected officially have lost
an dUlc anu VdluCu COISCIOA
and leader; and
THAT we, the members of
this association. have lost
sincere and loyal friend whose
qualities of mind and heart
manifested on many occasions
of business and social inter
course commanded our deep
respect and genuine affection.
Resolved: That this minute
and resolution be made a part
of the permanent records Of
this association and copies
thereof be sent to Mrs. Saul,
the American Security and
Trust Company and the COlum-
bia National Bank"
President H. H. Mckee. of the
National Capital Bank, chairman
of the committee which drafted
the resolution. paid glowins
tribute to Mr.. Saul in presenting
the resolution. Other members
of the committee were Presiden
Robert V. Fleming, of the Riggs
National Bank, and President Cor
coran Thorn, of the American Sc
curity and Trust Company.