Evening star., 1933-01-11

Ifle nOULn ndO Tile same NUMBER
OF business days this year and last year.
Junior Bankers Made Record.
Members of washington Chapter,
American Institute of Banking, have
made fine record during the first half
Of the school year, mid-year examina-
tions having Just started. According to
Robert H. Lacey, chairman of the Edu-
cational Committee, 184 students are
taking final tests in the standard GER
tificate group, showing a mortality Of
just over 13 per cent. This Is consid-
cred an unusually good mark.
In credit management, under Harold
w. Burnside an assistant cashier of the
Riggs National Bank. every student who
originally enrolled Is taking the final
examinations, Chairman Lacey an
/nounces.
The institute has an important meet
ing tonight, in the American Security
Building, when the officers and faculty
will be addressed by Harold Stonier, ma
tional educational director. Important
committee reports are also scheduled.
New Washington Gas Bonds Sold.
The financial houses participating in
bringing out the Washington Gas Light
Co.'s new $500, 900 refunding mortgage
5s, due in 1858, and offered at 944
reported in New York yesterday that
the entire issue had been sold. The
report will cause no surprise here as
the bonds have been in lively local
demand. The bulk Of the buying has
been by individual investors, although
some bank buying is also reported
On the Washington Stock Exchange
touhy there was another record turn
over in these gas bonds. The bonds
again sold at 9414. The market opened
with six consecutive $1,000 sales. Sales
then dropped to $1,000, $4,000 and $500
blocks, but closed with two $4,000
transfers, making the total days turn
over reach $1,000.
Washington Railway g. Electric As
were also in excellent demand today,
six $1,000 sales being recorded at 30,
at the opening of the market. Two
$1,000 sales in Potomac Electric Con-
Solidated IS were made at 1854.
Capital Traction SIS were popular at
higher prices, three 81 900 sales and
two $500 transfers taking place at S.
Capital Traction stock figured in one
unusually large sale of l73 shares at 10.
Five shares of Washington Railway &
Electric preferred moved at go.
More Bank Directors Named.
Many more bank directors were elect
ed at annual stockholders meetings held
late yesterday, as noted elsewhere in
today's Star. Several banks also elected
officers for the coming year. So far
only eight new directors have been
elected in the city and no changes made
among the officers. The American Sc
curity & Trust, National Savings g.
Trust and Munsey Trust Companies are
due to hold their annual meetings next
week
Local bankers of the District Bankers
Association are looking forward to the
Midwinter meeting to be held next
Monday night at the Willard. Presi-
dent c. H. Pope reports wide interest
in this session and predicts an un-
usually large attendance. The chief re-
ports will be presented by Robert v.
Fleming and Francis G. Addison, jr.
Several Washington bankers are con-
Eidering attending the Eastern Regional
Savings Conference to be held in New
York January 1927. An unusually fine
program has been arranged. Francis II.
SiSson, president American Banks Asso-
citation, will speak on THE Banker
Faces Problems" The question of
strengthening credit of municipalities
and States win be the leading topic of
the conference but even "technocracy'
will have its inning.
Banks May Lower Interest.
Directors of several Philadelphia
commercial banks and trust companies
are giving consideration 10 q az per
cent interest rate on savings accounts
against per cent now being paid.