Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-09
BANKERS MEETING
DECLARED SUCCESS
District Delegates Return
From Annual Convention
at Atlantic City.
BY EDWARD c. STONE.

BY EDWARD c. STONE.
Most of the Washington bankers who
attended the Atlantic City Convention
of the American Bankers Association
were back at their desks today, all
being most enthusiastic over the vari-
GUS business sessions.
Robert V. Fleming, president Of the
Riggs National Bank, declared the con-
vention was one of the most har-
moniouS the association ever held.
He said the sessions were entirely
free from all factional or other dis
putes such as have often cropped out
at other similar sessions in the past.
AS a special Illustration of this. Mr..
Fleming said there were no heated dis
cussionS over unit banking as against
branch banking. subject which has
stirred such live controversy.
At the Atlantic City sessions all diff
ferences of opinion were subordinated
and banks from all parts of the
country put up solid front with the
single idea of helping to improve bust
ness and banking conditions.
Hoover Plan Approved.
Mr.. Fleming said the convention was
quick to approve in principle the plan
of President Hoover for strengthening
the business and banking structure of
the country. The resolution adopted by
the convention made the views of the
bankers very clear on that important
subject The presentation of the Hoo
Yer plan stirred up great interest NJ the
convention and had Il wonderful pSy-
Geological effect in the far more cheer
full view which the delegates at once
assumed over the general outlook.
The Washington bankers present in
Guided in addition to Mr.. Fleming,
n 10
Joshua EvenS, Jr.; Avon M. MENUS, M.
F. Calnan and E. E. Mountioy, Wash
ington representative of the American
Bankers Association.
Mr.. Addison represented the District
Bankers Association as a member OF
the Executive Council, rs he is now
serving a. three-year term. During the
past year Mr.. Fleming has been on
several important special committees.
Several Committee Assignments.
The new president. Harry J. Haas of
Philadelphia, appointed Mr. Fleming
chairman of the Legislative Committee
for the coming year, and also chairman
of the Federal Legislative Council. The
council has one member from each
State while the Legislative committee
is the working body.
Mr.. Fleming was also appointed
member -atlarge of the executive
council for the coming year and is
already serving the association as
member of of the executive committee
of the National Bank Division, repre-
senting the fifth Federal Reserve dis
trict. His term expires in 1888
Mr.. Addison. who is not yet back IN
the city, was given an important COM
rnittee assignment in addition TO his
duties on the council.
A. g. T, Sales Reported
Dollar sales of the Great Atlantic g.
Pacific Tea Co. for the four weeks
ended September 26, showed a de-
crease of 3 per cent In the same
period, however. tonnage sales showed
an increase of ia per cent, as COM
pared with last year.
Dollar sales for the p0riod totaled
S74.641 .542, against S77,0l9,44l for the
like period of 1880 Tonnage sales
amounted to 4ll,883 tons, against
369673 last year.
For the 80 weeks ended September
Is dollar sales aggregated 1896, 255.-
1852 decrease of % per cent from
seo9.817;e9l for the corresponding a2or Ing
tailed 3,232O19 tons. an increase of
1913 per cent over 2,876.933.
Bank Elects New Cashier.
Directors of the North Capitol Saw
ings Bank have elected A. L. Phillips
cashier in place of P. Henry Coates, who
has resigned.
The present officers of the North
Capitol Savings Bank are John A
Eckert president; Joseph A. Herbert, ST..
vice president; E. S. Burgess, secretary
and F. P. Williams. controller. The new
cashier has been with the bank some
time and has had broad experience in
his chosen profession.
Trading on d. c. Exchange.
Capital Traction opened trading on
the Washington Stock Exchange today
with Is shares selling at 25Ss. up Il
from yesterday. Potomac Electric Power
per cent preferred came cut at LOT
and the SIC per cent stock moved at
log.
Lanston Mcnotype was firm at yester-
days price of 7034 and 10 and 5 share
sales. Washington Railway & Electric
preferred moved at 92i2. 58-share
sale in Columbia Title Insurance Co.
was recorded at IL.
The days only bond sale was $4,000
Potomac Electric Consolidated SIS at
10ll2 Capital Traction closed as well
selling at 25 and a block of 200 shares
changing hands at 25l4. This was the
largest sale in this stock in long time.
Acacia Scores Gain.
The Acacia Mutual Life with 81 $50
600 business for the week ending &C.
tober 5. IS. according to President Will
liam Montgomery, showing a steady
gain IN weck-by-Week business which
has been in evidence for the past sew
eral months. At the present time, ac-
Cording to President Montgomery.
Acacia's volume is at a rate which
maintains the high yearly level set dur
. i
nomic development. He said yesterday:
"On the basis Of present new business
written, and the steady decline in
volume of lapses, we believe that an
optimistic and confident outlook is
amply justified"
Washington Clearing House figures for
today: $3,867 ,398.57.
PARIS BOURSE PRICES.