Evening star., 1934-09-05

ates of all the in On
stitute chapters
at the same time. Ch.-I.. p FiI.-v
Charles F. Ellery,
national president of the institute,
was here, as were several other ma
tional officials 1t was a memorable
occasion for the junior bankers.
Students awarded A. I. B. standard
certificates for 1884 were Lucille
Barry, American Security g. Trust
Co.; Clement H. Brooke, National
Bank of Washington; Lloyd R.
Coates, Second National; Howard D.
Dodge, Union Trust Co.; Vernon R.
Dorman, American Security & Trust
Co.; George B. Earnshaw, National
Metropolitan; Peyton B. Fletcher, jr.,
Riggs National; ArSena Fopless, Amer
ican Security & Trust Co.; G. E.
Grosskurth, Lincoln National; Berna-
dine c. Hunt, American Security &
Trust Co.; j. Kennedy Irelan, Wash
ington Loan & Trust Co.; Charles o.
Tingley, Washington Loan g. Trust
Co., and S. Mason Wagner, National
Bank of Washington.
The following students were award
ed prestandard certificates: Smith
Blair, jr., Washington Loan & Trust
Co; Eugene F. Case, Riggs National;
Brice D. Duckett, Prince Georges
Bank g. Trust Co., Hyattsville; Carl
z. Huntington, Security Savings &
Commercial; Dock R. Farthing, jr.,
Anacostia Bank; Franklin A. Glib
bons, jr., Riggs National; ]. Conway
Hunt, American Security & Trust Co.;
H. L. Lewis Riggs National; Ethel Nc
Osker, American Security g. Trust
Co.; George H. Myers, Riggs National;
Stephen o. Porter, Riggs National;
Dorothy M. SINNERS, American Sc
curity g. Trust Co.; Doris E. Strobel,
Office of controller of currency, United
States Treasury; Mary Louise Swee-
ney, Hamilton National, and Dolphin
w. Weber, Riggs National.
Special certificates were awarded to
these students Commercial banking
B. Bruce FrantZ and Donald w. Now
bray, American Security & Trust Co.,
and Robert G. Whitton, First Ma
tional Bank, Alexandria Trust bank
ing-Robert G. Whitton.
Special Prizes Also Awarded.
Many special prizes in which there
has been keen rivalry were also pre-
sented The $25 prize donated by the
Washington Bank Women's Club was
captured by Arsena Fopless. Other
awards: Standard course-Arsena
Fopless, American Security & Trust
Co., $4,000; Howard D. Dodge, Union
Trust Co., $4,000, and George B Earn
shaw, National Metropolitan Bank,
$1,000. Prestandard course-Eugene
F. Case, Riggs. National Bank, $1,000;
Doris E. Strobel, Office comptroller of
currency, United States Treasury,
$500, and Brice D. Duckett, Prince
Georges Bank and Trust Co., Hyatts-
vile, Md, $1,000.
Walton l.. Sanderson presided, and
the special prizes were awarded by
Katherine McCalmont, secretary.
President F. P. H. Siddons of the Dis
trict Bankers Association, spoke
briefly, as did Raymond B. Dickey,
dean of the faculty Of Washington
Chapter Previous to the exercises
Mr.. Ellery, the national president, en-
tertained a group of local officials at
dinner. The guest of honor was Con-
troller O'Connor Others present in
cluded Harold w. Burnside, ]. C..
Dulin, jr.; w. A. Cady, A. E. Henze,
Robert H. Lacey, T. Huston Leith,
Earle McGeary, Richard A. Norris,
Frank A. Perley, I. j. Roberts, James
A. Soper, Audrey o. Dooley, Norman
E. Towsen, r. G.. Whitton, Mr. Sid
dons, Mr.. Sanderson, Richard w. Hill,
national secretary, and Harold Stonier,
national educational director.
Controller O'Connors radio address
was thoroughly enjoyed. 1t was filled
with information, encouragement and
practical suggestions for young bank
erS.
Another high spot in the institutes
Fall program takes place tomorrow
evening at the Raleigh Hotel when the
Educational Committee has its annual
dinner. The consuls, officers. COVER
nors, faculty members and committee
chairman of Washington Chapter will
attend.
Bonds Lead Local Market.
Washington Railway :, Electric As
were in lively demand on the WASH
ington Stock Exchange today. Dur
ing the session seven $1,000 sales
were made and one $4,000 transfer
was also placed on the sales list. All
were registered at 97A. The final
bid was 96&, with 97la asked.
The market opened with two To-
share lots in Mergenthaler Linotype
moving at %, up ls from yesterday
sales at 217s. Another small sale
was also made today on an advance
to 22A. The stock closed with %
bid and 221a asked. The strength
in the stock today was Que to the
announcement that the company has
wiped out a deficit of more than
100000 during the last II months
and probably will end the present
fiscal year in black figures, or at least
break even.
Corporations whose securities are
listed on the Washington Exchange
are still applying for registration with
the National Securities Exchange,
sending the applications through the
exchange. Peoples Drug Stores, Inc,
is the latest to make application. Other
concerns, which recently have taken
similar action, include Norfolk g.
Washington Steamboat Co., LanSton
Monotype Machine Co., Federal Stor-
age Co.. D. C. Paper Co., American
Fire Insurance Co., Washington Gas
Light Co. and several banks.
The Washington Offices of New York
Stock Exchange houses have become
considerably more active since the be-
ginning of September. The market
was more wideawake today at the
opening. Brokers think the odds favor
some kind of an advance.
Irving Trust Co. has declared the
regular quarterly dividend of Is cents
payable october / to stock of record
September 10.