Evening star., 1932-05-06
BANKERS REMOVE
TO NEW QUARTERS
Larger Offices of Association
Give More Room for
Institute.
BY EDWARD c. STONE.


District of Columbia Bankers Associ.
alton headquarters were moved today
from the Becker Building, on F street
to the Bond Building, at the corner ol
New York avenue and Fourteenth street
the change being made largely TO pro-
vide a great deal more needed space fol
the classes of the local chapter, Ameri-
can Institute of Banking.
The new headquarters are on the
seventh floor of the building and include
plenty Of large rooms for the institute
students. Ample Office space has also
been reserved for the business routine
and also for the Credit Bureau, one OF
the most important departments OF the
associations work.
Moving of the valuable Credit Bureau
files was superintended by F. P. H. Sid
dons, secretary of the association. The
new location was secured after great
deal of inspection work by a special
committee headed by George o. Vass,
vice president Of the organization.
The association Offices have been To-
Gated in the Becker Building for sew
eral years, during which time banking
activities have expanded very rapidly.
Fleming Addresses Bankers.
The regular Spring business meeting
of the District Bankers Association was
held yesterday afternoon in the Amer
lean Security Building, President c. H.
Pope presiding.
President Robert V. Fleming of the
Riggs National Bank. who is chairman
of the Legislative Council of the Amer
ican Bankers Association, presented a
brilliant summary of the report he made
at the recent meeting of the A. B. A.
Council at White Sulphur Springs,
w Va.
Mr.. Fleming gave the local bankers
the benefit of many months of inten-
sive study of proposed banking legiSla-
ton now pending in Congress. His
clear summary was received with
the keenest possible interest. He pre-
sented the reasons for his committee S
attitude, either for or against, all these
measures, the Glass banking bill being
the most important.
The surprise of the meeting came
when President Pope announced the
recent marriage of Miss Grace M.
Bromley. the associations assistant
secretary, to T. G. Bailey of Demopolls
Ala. Mrs Bailey has held her present
position for the past nine years and
has always manifested exceptional abll-
ity in the associations affairs. She
was DIoS1IlL dI ySSlClQcy SAAN
received many hearty congratulations.
The meeting closed with the adop-
ton of resolutions on the death OF
Cuno H Rudolph, prepared by spe-
cial committee of which Victor B. Dey-
ber. president of the Second National
Bank, was chairman.
During the meeting, Claude H.
Woodward, president of the Mount
Vernon Savings Bank, made a brief
talk on the coming annual convention
at Hot Springs, the general chairman
reporting all arrangements practically
completed.
Today's Trading on Exchange.
Trading on the Washington Stock Ex-
change today opened with small sale
in Potomac Electric Power 6i2 per cent
preferred selling at 103. Capital Trac-
ton stock appeared on the board again
tcday. two 10-share lots changing hanos
at II, the same as yesterdays Selllng
price. The stock closed with IL bid and
13 asked.
Bond sales today were confined to
two small transfers in Washington Gas
IS, series A, both at 97&. This is
little lower than these bonds, which
mature next year, have been selling.
There has already been considerable
SWITCHING IL IiA1S AoouC A4VO AoA4SSA SS-
securities.
Quotations were called off en- the local
unlisted securities, bid and asked prices
remaining exactly as they stood at the
end of last week. The market will be
closed tomorrow and evLry Saturday
thereafter until October.
Local CIearings Reveal Gain.
Washington bank clearings for the
Taw fn+alpd e. q nm mn
against the lower total CT S17,244,0 900
in the previous week, although % per
cent under the corresponding week
year ago. These check transactions
reflect more business activity than two
weeks ago. The decline over the same
period last year is also much smaller
than in most cities.
Baltimore elearings also showed ex-
cellent gains, according TO Bradstreets,
being $63, ,492 900, against S50,77l 900 in
the previous week and % per cent below
last year Richmond cleared S26.862,-
600. against S25, ,738 900 in the previous
week and "a per cent below last year.
Norfolk clearings were better, being
50 .387 900, compared with S2,257, 600 in
the preceding week and of 20 per cent
from the like period in 1881.
Central Public Service Reports.
Copies of the annual report of the
Central Public Service Corporation
have been received here from the Chi
cago Office. The report states that
operating revenues for 1881 decreased
5.36 per cent during the year, being
S39 9,453,O14, against SAL ,688,l31 N the
previous year. Net operating revenues
totaled SIS, 301 ,683. against S16,564,449'
a decrease of 7.62 per cent. Net earn
ings were also proportionately lower.
The report indicates that the com
pany has no connection with the WaSh-
ington Gas Light Co. in any way. A
wear ago it was said to control the
local utility. The report makes no REL
erence to Washington in listing the ter
ritory served by subsidiaries. colored
map of the United States, which mas
red circles around the communities OF
over 20 900 population, under the nrm
control. refers to Hyattsville, Nd, put
not to Washington.
The opinion was expressed in the local
financial district today that the Wash
tngton Gas Light Co. is probably again
controlled by New York interests.
Notes in Financial District.
The District of Columbia Life Under
writer's Association sent a large dele
cation to Baltimore today to attend TIE
annual joint sales conference.
Merle Thorpe, editor Ct the Nation S
Business; director in the Chesapeake &
Potomac Telephone Co. and the Ma
tional Metropolitan Bank, has been
elected a director in the Fldel Asso-
citation Of New York, Inc.
Frederick P H. Siddons, secretary OF
the American Security & Trust Co, gave
an address on finance before large
gathering of teachers in the HyattSVlIle