Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-14

preferred sold at is
1l3 and 1879. S;Ss 81
while LanS on ESSS S$5& S$
Monotype changed s$S
hands at S5s4 and
85i..
washington Rail- MIS- ~ l. HehsnA"
way & Electric preferred moved at $685.
and $685.. and Mergenthaler Linotype
changed hands at 75i2 and 1888. -Four
of the closing sales were in Potomac
Electric 5i2 per cent preferred at ll0ss
and ll0%s.
Emersons Bromo Seller "A" stock
was quoted eX-dividend today following
the recent dividend declaration.
Mrs. Renshaw Chief Speaker.
Mrs Anna Tillery Renshaw, head OF
the Renshaw School of Expression, will
be the leading speaker at the annual
dinner of the Womens Committee OF
Washington Chapter, American Instt-
tute Of Banking, to be held tomorrow
evening at Hotel Roosevelt at $50.
Last year Mrs. Renshaw conducted
course in Washington Chapter In
Personal Efficiency" which was con-
fined to women only and proved q
distinct success Her address Is GER
tain to be highly entertaining. The
purpose of the annual meeting OF this
committee is to bring together en-
ployeS of the local banks with the idea
OF developing interest in the various
courses offered by the chapter.
Raymond B. Dickey, dean OF the
faculty, will make a short address, as
will Aubrey O. Dooley, chapter presi-
dent and Richard A. Norris, Educa-
tional Committee chairman. Miss Rose
Royce a member of the National
Womens Committee, will present the
greetings of that organization. 1t is
expected that more than 100 guests
will be present.
Another institute meeting of great
Importance comes on Thursday night
of this week at the Willard, when GER
tiicates will be awarded to the bank
ing students who took the second
semester's work last year. The prizes
for scholastic honorS will also be
awarded at the meeting.
Building and Loan Assets Up.
According to q dispatch received here
from Cincinnati, so savings, building
and loan associations, members Of the
United States Building and Loan
League, have assets each Of more than
S1O,000.000. H. F. Cellarius, secretary
treasurer of the league, said. referring
to financial statements of the aSsocia-
tons as Of July l. These institutions
have 90 per cent Of their assets in
points out. is "a direct vote of conf
dence in real estate as an invesment."
Six of the associations in the $10,-
100000 class gained more than half a
million dollars in assets during the
first half of 1881.
Pacific States Savings e. Loan Co,
San Francisco. leads in size with assets
OF $l06,726. 1859. Railroad Cooperative
Building & Loan Association New York
City ranks second with 500, 334,801 in
assets, and Rauroadmens Building g.
Savings Association. Indianapolis, is
third with assets of $58,671 400.
Addison to Attend Convention.
President Francis G. Addison, jr.. Of
the Security Savings G. Commercial
Bank. will attend the annual conven-
ton OF the American Bankers ASSocia-
ton. as a member of the council of ad-
ministration from the District of CO.
lllmbia Bankers Association. Mr.. Adj
Olson is serving a three-year term in
this Office. 1t is too early to state who
the other bankers from Washington will
be at the october meeting. A large
delegation is expected. however, as 1t is
so easy to get to Atlantic City. Presi-
dent Rome c. Stephenson considers
that the meeting will be the most i'm
portant the association has ever held
on account of the changes constantly
taking place in the banking field
Local bank auditors and controllers
are much interested in a meeting which
will take place at the same time as the A.
B. A meeting. The National Confer
ence Of Bank Auditors will be held at
Atlantic City October s. s and 7. with
headquarters at the Hotel Claridge. Jo-
seph z. Sterrett of Price, Warehouse
e. Co. will speak on The Relation of
the Auditor or Controller to the on
GERS and Directors of the Bank" and
Ben A. Young, controller of the Com
merce Trust Co.. Kansas City, will
speak on Bank Costs" the afternoon
of October 6. r. H. BrunkhorSt, con-
troller Of the Harris Trust & Savings
Bank, Chicago, will speak on Account
Analysis" and John A. Will. controller
of the Chase National Bank, will ad-
dress the meeting on The Man and
the Title" the final day Of the confer
ence.
Heard in Financial District.
]. Karl Seyboth. manager of the G
street Office of the Second National
Bank. is passing his vacation on a motor
trip to New England. His place is being
filled by w w MARROW. cashier who
has just returned from his annual
outing.
the Security Savings g. Commercial
Bank. has returned from trip to West
Virginia to visit institute chapters in
that locality. He is a member Of the
national council.
President L. P. McLachlen of the Nc
Jachlcn Banking Corporation. is eX-
pected home from his vacation next
week.
Baltimore Trust Co has declared the
regular quarterly dividend of 20 cents,
payable September 80 to stock Of record
September 81.
Westinghouse Electric g. Manufac-
turing Co. has received an order from
the Department of Commerce for the
most powerful beacons yet to be in
stalled on Government airways. Each
OF the beacons will stand 5 feet in
height. be So inches in diameter and
when equipped with 1.000-watt lamp,
can throw beam of light more than
35 miles.
Washington clearing house figures for
today: S349297405