Evening star., 1932-04-14

one of the features AA
of the program. -
Gov. George j. A
Seay of the Fed
eral Reserve Bank
of Richmond will Georre 7 starkev.
also address the
bankers and George Keesee, also of the
Federal Reserve Bank Of Richmond
who is secretary of the Stockholders
Association, will make his annual re-
port.
The meeting this year is expected
to be of unusual interest on account OF
the problems that have faced the banks
during the past year and matters that
are likely to come up during the next II
months The annual election of officers
will take place. A gOCd-sized dele
cation from Washington is planning TO
attend.
George L. Starkey, president Of the
National Bank of Washington, cele-
brated a birthday yesterday. 1t hap
pened that the Executive Committee
held one of its regular meetings and
during this meeting Clarence F.. Nor
ment, chairman of the board, presented
Mr. Starkey with a testimonial which
lauded the sterling character of the
banker and was signed by each member
of the committee. He was also pre-
HtIl6u al 6IlOI DOuAuCG- Ou4 IlS
the day he also received a host of other
congratulations and best wishes. He
has been connected with the bank more
than four decades and in recent years
has served the institution as its preSi-
dent. He is also a member OF the Ex-
ecutive Committee of the Washington
Clearing House Association.
Standing Committees Named.
Mrs Judith NJ. Fishburn, new presi-
dent Of the Bank Womens Club of
Washington, has announced the follow
ing standing committees for the present
administrative year:
Dinner Committee - Mary Craven,
District National Bank, Chairman;
Eleanor Danknlyer, Security Savings g.
Commercial Bank Harriet Barrett,
Riggs National Bank; Laila Sloat, Ma
tional Metropolitan Bank; Helen De-
lany, Federal-American National Bank
& Trust Co.
Program Committee--Alice Whitton
First National Bank of Alexandria. Va,
chairman; Eleanor Watkins, same in
stitution; Grace NJ. Bromley, District
of Columbia Bankers Association
Louise Mitchell, Leona Anthony, Fed
eral-American National Bank & Trust
Co.
Fellowship Communications A. White
Federal-Amertcan National Bank g.
Trust Co., chairman; Mary ]. Winfree
National Education Association; Lillian
Mitchell, Marian Sebastian National
Metropolitan Bank; Louise Payne. Ma
tional Savings g. Trust Co.
Will Nominate Directors.
At the April meeting of the District
of Columbia Underwriters Association
tomorrow noon, at the Washington
Hotel, three new directors will be placed
in nomination to fill coming vacancies
Directors whose terms expire this
year are Philip L. Baldwin, North
western Mutual; j. C. McCombs. Mutua,
Life Of New York, and John H Snyder
Mutual Benefit of New Jersey. Direc-
tors holding over are Paul D. Sleeper
Aetna Life; John P. Lynch, New York
Life: John L. McElfresh, Connecticut
Mutual David S. Bethune. Equitable
Life of New York; Daniel j. Harrison,
Massachusetts Mutual, and Alton G.
Grinnell, New England Mutual
The Washington Stock Exchange
showed more activity in today'S session.
The market opened with SO shares of
National Mortgage e. Investment pre-
ferred selling at 3, same as the last pre-
vious quotation.
Capital Traction stock figured in two
small sales-one of 10 and one Of 5
shares-at 14l2. Washington Gas Light
stock appeared on the board, 10 shares
changing hands at go.
Potomac Electric Power 515 per cent
preferred figured in a 24-share turn
over in three separate sales, all made
at los. small sale of the corpora
tion's 6 per cent preferred came out at
1ll12. Bonds were neglected.
Bank Views Trade Outlook.
Developments in the banking situa-
tion during the past month have been
favorable, but the general course of
business has been disappointing. ac-
cording to the April l review of the
National City Bank. which adds that
the usual seasonal expansion has not
been realized.
The most formidable Of all the OBJ
stacles to recovery. the review states,
are those in the way of international
trade, including the uncertainty as to
the status of the reparations and inter-
governmental debts upon the expiration
Of the moratorium year on June 80 next
Meanwhile" the review states. the
uncertainty that exists is destructive OF
trade and business confidence and the
policy of the nations in seeking an ever
increasing degree of economic isolation
ana sen -SUIClCnCV through IarlIS. I'M
port quotas, licenses and other forms OF
trade warfare undoubtedly is reducing
not only the aggregate of world trade
but also their own production and con-
sumption which measure their pros
perity.'
Heard in Financial District.
Directors Of Credit & Finance, Inc
of Washington, have just declared tn
eighteenth consecutive quarterly diyl
dend, payable April Is to. stock Of rec
ord April /
Frederic A. Delano of washington j
member of the Preferred Stock
holders Protective Committee Of tn
international Match Corporation.
OF an enrolment Of 256 in the Vari
Gus classes Of Washington Chapter
American Institute of Banking. %
students have successfully completed
their courses during the year.
The F. w. WOolWorth Co. has de
clared the regular quarterly dlvlden,
of so cents a share, payable June l t
stock Of record April 18
The Great Atlantic &c Pacific Te;
Co reports sales for the five week
ended April 2 at S88.912.l92, com
pared with s1O4, 142 $50 for the lk
period Of 1881. a decrease of Isl pc
cent. Tonnage sales for this p5riot
we've estimated at 520I98, compare
with 552,825, a decrease Of So per cent