Evening star., 1932-04-11
Bankers Await Spring ConcIave.

FISSlUeub y. II. rope OI IIle DlSlTlCJ
Bankers Association will call the an
nual Spring meeting of the association
to order tomorrow night at 7:30 at the
Columbia Country Club. He will in
troduce Roger j. Whiteford as toast
master for the get-together dinner,
which will be attended by nearly $50
bankers, the largest attendance on
record
The entertainment is being provided
by Thomas w. Brahany, manager of
the Washington office of E A. Pierce
Il Co., DR.. Robert Thompson Of New
York, an author and lecturer, being the
guest speaker; subject, Looking Ahead
IL Months"
Starting at 80 in the afternoon. the
local bankers will contest on the golf
links for the Robert v. Fleming trophy.
This and other prizes will be presented
70 winners at the dinner. Many prom
inent guests are TO attend the dinner.
the controller of the currency's office
being represented by Deputy Controller
F. G. Await.
Claude H. Woodward. chairman of
tr1 General Committee planning The
annual convention, will report on The
arrangements made during a visit at
Hot Springs over the week end. Chair
men of the leading committees took The
trip. While they held a pre-c convention
golf tournament, which was won by
Charles H. Doing, manager of the
branch office of the Washington Loan
& Trust Co, with Frederick II. Cox,
cashier of the Commercial National,
carrying off second honOrs,
Insurance Men Meet Friday.
The District of Columbia Life Under
writers Association holds its April
meeting next Friday noon at the wash
ington Hotel. Two important matters
are booked. One is the nomination of
three candidates for the board of di-
T~ctorS TO replace members whose terms
expire this year The other IS to vote
on an amendment to the constitution,
which already has the full approval of
the directors. 1t relates to the annual
dues and ether funds. 1t is proposed
to raise the dues and then have the
treasurer pay for all luncheons, instead
Of each individual paying every month
1t is believed the new method VIII
greatly increase the attendance, Presi-
dent Bethune asserts.
Telephone Income Lower.
Earnings reported by the American
Telephone & Telegraph Co. for Feb
ruary, and for the first two months OF
1882, as compared to earnings IN the
corresponding periods Of last year. is
announced by the Interstate Commerce
Commission as follows.
Month Of February. 1899 1881
Total oper. reyenue..... S8l32.518 S9.I6l ,023
Est Et SPs oFcr 2o77o65 o77,o 5o53 535
Two months
Total opcT revenue .... l6,A sos $50 l3,633,gS6
Me- oper. revenue. e....-.. 5.543.4S8 5.3Z3'850
Net oper. income ...-.. +,306,Ib1 5-g2C,6-5
Peoples Drug Sells at So.
Peoples Drug Stores preferred opened
trading on the Washington Stock EX-
change today with 10 shares selling at
IS. This is the first sale in this issue
in many weeks and is considerably
lower than the last quotation in spite
of the recent excellent earnings reports.
Potomac Electric Power per cent pre-
5erred came out at ll0 and 100 shares
of Real Estate Mortgage 81 Guaranty
preferred changed hands at Al.
In the bond division there were two
81 900 sales in Washington Gas IS,
series B, at 1925 and a 81 600 transfer
in Potomac Electric Consolidated IS
at 1009s
There was great interest in the local
brokerage houses today il the probable
effect on the New York Stock Exchange
of the Senate probe into short selling
The market opened lower. but there
was no marked activity in either direc-
tion in the early trading. Board room
attendance was very large.