Evening star., 1933-01-14
BANKERS AWAITING
TWO CONFERENCES.
Management and Savings
Due for Special Attention
by Eastern Groups.
BY EDWARD C. STONE.

Aelphia on March 1928. The States
included in the parley are New York
New Jersey, Pennsylvania, Delaware
Maryland, Virginia West Virginia
Connecticut, Rhode Island, Massachu-
sets, Vermont, New Hampshire and
Maine, and the District of Columbia
The conference, which is sponsored bv
the American Bankers Association, will
deal with the technical working prob
lens of banking operations
The programs for the conference will
be arranged by the bankers associa-
tions in each district in conjunction
with the Bank Management Commits
sion. en- a two-day plan to enable the
participating bankers to engage in an
intensive study of major current bank
ing problems. Leading bankers. Sc
lected because of their qualifications
to present practical knowledge gained
from seasoned firSt-hand experience in
bank operation, will address the dele
gates.
The application Of the best banking
practices and methods to the indi-
vidual banks requirement under con-
oitions confronting them today will be
treated from practical point of view"
Chairman A. B. Taylor says in his an
nouncement Each conference will aid
a strengthening of the foundations of
the banking structure through in
creasing the efficiency of management
to foster the development of stronger,
more serviceable and more profitable
banking"
The question of strengthening the
credit of municipalities and States
will be the leading topic of discussion
before the annual Eastern Regional
Savings Conference, which will be held
at the Waldorf Astoria Hotel. New
York. January 26 and 27, under the
auspices of the savings division, Amer
ican Bankers Association. according to
announcement by w. ESpey Albig, dep
uty manager of the association.
Title Officers Are Elected.
At the annual meeting of the board
of directors of the District, Lawyers and
Washington Title Insurance Com
panies, the following were elected Of
ficers of the companies for the ensuing
year:
Arthur G. Bishop, president; James
Med. Shea, vice president; Joseph N.
Saunders, vice president and title Of
ficer; Charles w. Stetson, vice presi-
oent and title officer; George H. O'Con-
nor, vice president and title officer;
Francis E. Smith, jr., vice president and
title officer; Albert F. Miles, vice presi-
dent; Harry M. Packard, secretary
secretary Raymond j. Vier-
buchen, assistant secretary-treasurer;
E. Roy Hill, assistant treasurer.
The January number of Dollars and
Sense, published by Washington Chap
ter, American Institute Of Banking, and
edited by A. E. HenZe of w. H. Hibbs
& Co., has appeared in the financial
district The issue opens with an ar
ticle by President Francis H. Sisson of
the American Bankers Association on
Some FaIlacies About Afhliates"
President Richard A. Norris of Wash
ington Chapter sums up present ac-
tivities, including plans for the twenty
ninth annual banquet. Chapter men,
betship has now reached the $40 mark.
The final report of the Women's
Committee for last year shows a loss
in membership and enrollments with a
corresponding loss in the number of
women employed in banks. There are
1880 women in banks where chapters
exist: II 1892 women members of the
institute: 1886 women enroGments;
1,460 women holding standard certifi-
Gates.
Philadelphia has the greater number
OF women members, $50. Cleveland, Los
Angeles follow with 838 and 767. Los
Angeles leads with SCI women enrolled,
with New York second with Alb. Los
Angeles also has the greatest number
Of women standard certificate holders,
with Washington second.
Banks Reported Unusually Liquid.
The year-end statements of New
York banks and trust companies, the
stocks of which are widely held in
Washington, reveal many interesting
features, according to study by Horn
blower & Weeks. The trend toward
maintenance of liquidity of resources
continues unchanged; despite this
hquidity earnings covered dividends by
q good margin in most instances; de-
positS Of Is of these institutions in
creased over $700,000,0O0 since June 30.
There were no dividend cuts during the
second half of 1882 and throughout the
entire depression no leading New York
Cl2e- ing House bank passed dividend
-l12 year witnessed one of the great
est financial crises in the history OF the
country, but due to the foresight of the
arrangements, and the supervision of
the Clearing House, the banks were
easily able to meet the run" on the
United States which was borne in large
part by the New York financial insti-
tutions, and they emerged from the
crisis stronger than before, with their
portfolios written down, overhead ex-
penses cut to minimum, and with
ample resources to finance the busi-
ness recovery now getting under way,
the brokers state.
Atlantic g. Pacific Sales.
Great Atlantic & Pacific Tea Co. es-
Inmates sales for the five weeks ended
December 81 at S79,615,5 ,596, compared
with $9l,309,637 for the same period
of 1881, drop of 1913 per cent Ton
mage sales were 498,470 against 516,165
q year ago. "a per cent decrease.
The slow and undoubtedly irregular
yecuperation Of business is being as
sisted by the Federal Reserves definite
announcement of a continued easy
money policy. says Business Week. The
full potentialities of this policy, which
was aggressively pushed in the Sum-
mer of 1882, are likely TO become ap-
parent in the current year. Banks
cannot afford Indefinitely to accumu-
late idle reserves.
An encouraging speculative interest
came to light this week in the stock,
bond and commodity markets, lifting
numerous issues to notably higher lev
els. Even secondary rail ISSUES par
llCIpdted III lflt rally. OSSplIS VIle CiOuOy
outlook besetting rail maturitieS and
rail relief the review adds.
Cleaned in Financial District.
President Bertram Chesterman of the
Norris Plan Bank, has returned from
Richmond, where he attended a re-
gional conference of Morris Plan Banks
located in the fifth Federal Reserve
district
c. E. Warner, jr, former chief of dis
tribution of the consus, has joined the
staff of Slauson g. White, Investment
dealers. in the Peoples Life Insurance
Building. He is a director in the Home
Loan & Savings Association and hai
other business interests.
Charles j. Rogers, for many year.
manager of the Washington Office o.
L. c. Smith and Corona Typewriters
Inc, has been appointed executive sale
manager of the company.