Evening star., 1932-06-04
ROBINSON ELECTED
ASBOND CLUB HEAD
Other Officers Named at An.
nuaI Meeting-Broker
Firm Expands.
BY EDWARD c. STONE.

BY EDWARD c. STONE.
At the annual meeting and outing Of
the Washington Bond Club, held yes
terday afternoon and evening at the
Burning Tree Club T. Baker Robinson,
who is connected with Y. E. Booker &
Co. was elected president, succeeding
Lawrence M. Proctor, head of the club
during the past year
Frank P. Morse, resident partner Of
Charles D. Barney g. Co., was chosen
vice president, succeeding Mr.. Robin
son, and James P. Nolan of Folger,
Nolan & Co. was elected secretary
treasurer, following Charles NJ Hender-
son of Henderson, Winder &, Co.
James H. Lemon of James NJ john
ston & Co. was elected to the board
of governors, as was Carl Kurtz of
Stroud, Kurtz & Co. who fills the place
left vacant by Mr.. Nolan's promotion.
There were about 100 members and
guests at the outing. which proved one
of the best annual frolics the club has
held. The annual reports stated that
the clubs technical library, which was
started this year, has been extensively
used.
Local Broker Office Expands.
1t was learned in the financial dis
trict today that Goodbody & Co, New
York Stock Exchange firm. will move
its local Office over the week end from
the Southern Building into much larger
quarters in the Washington Building.
The Office will also have new local man.
agement and a larger personnel. The
new quarters will be those formerly
used by Prince & Whitley which have
never been occupied since they were
used in the brokerage business. This
means that the facilities will be COM
plete in every way. The large quota
tion board Is ready for Mondays quota
tions
The new Office will be under the man.
agement of Bernard A. Smythe. who
was manager of Prince & Whitely's
local office and also at one time man.
ager of the Washington Office of E. A.
Pierce & Co. He will have associated
with him Edward j. Walsh and Joseph
c. Sheehy. two widely known local
business men. 1t is understood that
personnel from the present Goodbody
office will be connected with the new
Office, complete announcement OF
plans being expected Monday.
A McCook Dunlop who has been
with Goodbody g. Co. for long time,
will be assistant manager.
Firth District Building Data.
Building permits issued during April
in 80 fifth district cities compared very
unfavorablv with the volume of per-
mits issued in April last year. Permits
for all types of construction. according
to the Federal Reserve Bank of Rich
mond, numbered 2,766, compared with
1850 permits issued in April last year.
Estimated valuation figures for permits
iSSlIpd last month tnt alpH S2 KID O0O
compared with s9.803, ,635 in April 1881,
a decline of 642 per cent in the 1882
month.
However, the average decrease in val
Uation was not as great as the total fig
ures indicate. since the 1881 figure in
cluded large amount of work in Balti-
more for which permits were secured to
escape the restrictions of zoning
ordinance which went into effect in
that city on May l, 1881. Ten of the
80 cities actually reported higher fig
ures for April, 1882, than for April,
1881 Norfolk, Huntington and Char
lesion. W. Va. were the larger cities
which showed higher figures last month,
and Huntington's increase was due to
low figures in 1881.
Contracts awarded for construction
work in the fifth reserve district in
April this year totaled S12896967, in
Guiding both urban and rural construc-
ton. compared with S21, ,936,600 in con-
tracts awarded in April. 1881. and $40
971 884 in April, 1880. according to fig
ures collected by the F.. w. Dodge Cor
poration. Of the April, 1892 contracts,
s3,861. 1872 was for residential structures.
compared with S7,434,610 for residential
work in April last year.
Wins 18th Convention Trip.
Roger M. Stuart, one of the leading
statesmen of the Connecticut Mutual
Life Insurance Co. and leader in sales
at the j. L. McElfresh agency, will
leave tomorrow for the company con-
vention of leading statesmen. being held
this year at the Greenbrier Hotel, White
Sulphur Springs, w. Va.
During his 18 years association with
the Connecticut Mutual Mr.. Stuart has
qualified for every convention which
the company has held. with the eXcep-
tion of one. Among other achievements
in the field of life insurance by Mr..
Stuart was his unusual feat OF selling
policy a day for two consecutive
months and policy day for an
other month in the same year.
After attending the University of Vir-
ginia. Mr. Stuart became engaged in
the newspaper business. He is Mason,
liClllUtl VA lIIC 4NdIlOlldl Slub oAA0
the Washington Board of Trade.
Young People Thrift Leaders.
Young people between the ages of 81
and 25 are thriftier and more eager to
provide for the future than any other
age group. according to an inveStiga
ton just completed by Investors Syndi-
cate of Minneapolis.
The analysis reveals that % per cent
of the company's thrift certificates
placed during the past II months were
purchased by people between the ages
of 81 and 25. inclusive; another % per
cent by persons between 26 and 80.
This upSetS general belief that
the tWenties' is a period of irrespOn-
sibility and careleSSness toward the
future. and that man or woman is
thriftier after reaching 80" said Presi-
dent John R. Ridgway.
Time deposits in 49 regularly re-
porting member banks and aggregate
deposits in IL mutual savings banks
in Baltimore totaled S439. .768.151 at
the end of April, 1882, an increase over
time and savings deposits totaling
S434 960562 at the end of March this
year. but materially less than S469.-
135.308 in deposits at the end OF April
last year.
Bankers Convention Notes.
All the sports events for the coming
d. C. Bankers Convention have been
arranged by Sidney F. Taliaferro
chairman. and his committee, which
includes Robert H. Lacey, vice chair
man; Robert S. Stunz, Ezra Gould.
Ralph P. Barnard. B. E. Hinton, Clyde
B. Asher and Frank Stetson
Among the gold trophies offered are
the Pop" Fleming, Richard Hatton
Hibbs, Shannon and McLachlen Cups
Other cups will be awarded in the
famous top-spinning contest, tennis
tournament. horseshoe pitching con-
test and ladies' outdoor putting contest.
Final annlica tinns for reserua tians