Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-14
Fifth plstrict Gets sa7, fll, 600.


insurance Election In Near.
John II. Snyder, president OF the Dis
txict Of Columbia Underwriters Assoc
citation, announced today that the April
meeting win be held on Thursday ct
the Carlton Hotel at 1880. The guest
speaker win be Raymond @. Ellis OF
New York, general agent Of the Home
Life Insurance Co.. his subject being
the BLACK Shadow"
be selected as nominees Tor the three
vacancies on the board Of directors,
the election taking place at the May
meeting. The retiring directors are
John +. Cfemen, Harold Kraft and
George 3. Fnruuhar, the ofhcers exc
pressing great appreciation for the work
they have done during their three-year
John Lynch. chairman Of the mern-
bership drive, assisted by Maj L. Q.
Crawford ana Vincent Saccardi, reports
excellent progress in this campaign.
The committee In charge Of the sales
conference to be held at the ShOrehAm
Hotel on May also reports marked
progress, al the arrangements being
completed. The Baltimore association
comes here at that time.
HemphiIL Neyes Enlarges Stan.
Hemphill, Noyes q Co., members New
York stock Exchange, announce the
addition Of o new member to its WASH
fnRtOn once In the person Of II. Ken
meth Murray, who viii be fdentified
with the stock department. Mr.. Mur-
ray. who - . native Of Chicago. has
years and 10 well known In the Wash
ington financial district, having been
associated with other investment houses
here. He e O graduate Of Georgetown
University.
Reserve Beard Probe Sought.
In connection with the nineteenth an
nuai meeting Of the United States
Chamber Of Commerce ct Atlantic City
April % to May /. an effort Is being
made to bring the Federal Reserve
system into the limelight. The Ciin-
ton, s. c., Chamber of Commerce pro-
poses q declaration for investigation Of
processes Of the Federal Reserve Board
In restraining the postwar speculative
spirit reasons for continuing denation
tendency, reasons for gradual reduce
tons in volume Of circulating medium,
advantages Of increasing circulation
medium to q reasonable level, ETC.. with
Recommendation for legislation by Con-
gress further regulating authorities hav-
ing to do with the volume of credit and
amount Of circulating medium, to the
end that there may be more stability
IN commerce, agriculture and other bust
ness helds and TO the end that some
system OF regulation may be- evolved
whereby there may be q reasonable
forecast Of actton with destructive eff
1ects.''
Today's Trading on Exchange.
Trading on Capital Traction bonds
opened the session Of the washington
Stock Exchange today Five sales
totelling $500 were made at 76iz and
$1,000 ct n.
Capital Traction stock made a frac-
tional new low, 10 shares selling during
the session at 32h, 10 more closing
the day at 323s. After call, four 10
share lots changed hands at 321.
Six shares Of washington Railway
& Electric common appeared on the
board today, selling at. 425. 1t was the
FIRST sale In this issue In many moons.
There was considerable activity In
Carpet Corporation stock at 247a, Mer-
eenthaler sold at o034 and Potomac
Electric Power 81 per cent preferred
washington Gas Light bonds we're in
excellent demand ct recent levels.
Cleaned I'm Financial District.
Wade H. Cooper. president OF the
Commercial National Bank, and Vice
FTeSl0enJ waiter j. HarrLsOn, &JCen0eu
the annual meeting OF the Stockholders
Association Of the Federal Reserve Bank
Of Richmond.
Floyd Z. Davis, president Of the Lin
coin National Bank, and James A.
Soper, vice president and cashier, were
among the local bankers attending the
same meeting.
The dinner to members Of the Ticker
Club Of washington which was TO have
been given by President Chester FlatheY
this week, has been postponed until
April %. at which time It viii take place
ct the Chevy Chase Club ct 5:30 pm.
William Knowles Cooper, partner II
Crane, Paris a Co. left Washington
today for Atlanta, Ga, to attend the
national convention Of the Religious
Education Association, which aims x
bring religion more closely 20 the at.
tentton Of young people. Mr.. Cooper Il
one Of the speakers.
Electric light and power holding com.
Dafies viii be discussed BY Martin J
insult, president Of the Middle Yves
utilities Co, on the Halsey, Stuart "a.
do program tomorrow evening at
o'clock. His talk Is the third Ia (
aeries on American business today.
n & reported here that q number d
ahopnien employed ~ the Chesapeake 4
Ohfe railway. ct Clifton Forge. We,
hewe BEEN called hack 70 work and tina
mkINrw arc 20 follow ao0f