Evening star., 1934-03-18
BANKERS TO HOLD
ANNUAL SESSION
EARLY THIS YEAR
Convention Will Convene
May 27 to 80 at White
Sulphur Springs.
LATER DATE Is LEFT
FOR A. B. !. MEETING
Association to Devote Full Time
to Discussing Problems Under
New Regulations.
BY EDWARD C. STONE.

The annual convention of the Dis
trict of Columbia Bankers Associa.
ton will be held at White Sulphur
Springs, w. Va, May 27 to 80, ac.
cording to plans announced yester.
day by George o. Vass, head of the
organization. The conclave will take
place earlier than usual this year or
account of the national convention Of
the American Institute of Banking
which will be entertained in Wash
ington in June.
For many years District banker.
have held an annual convention out.
side of the Capital at some point
sufficiently remote from their places
OF business as to insure undivided
attention to matters coming up fol
discussion and action. This policy
was inaugurated in 1919 when the
first out-of-toWn convention was held
at Deer Dark, Md.
The advantages were so apparent
that the practice has been followed
ever since, with the exception of last
year, when the pressure of work Incl
dent to the readjustments following
the Nationwide bank holiday proved
so great that the business of the con-
vention was condensed into a one-day
session held at the Columbia Country
Club.
Institute Here in June.
1t will be the first time the con-
ventlon has been held at White
sulphur Springs in more than 10
years. In the past, the association
mas convened several times at White
Sulphur Springs, Hot Springs and
Montauk Point, and in 1880 the con-
ventlon at Asheville, N. c.. attracted
the largest delegation in the history
OF the association.
The dates of the American Insti-
tute of Banking Convention are June
II to IA. This will be the first time
that the institute, in its 30 years ex-
lstence, has planned to hold a con-
Vention in Washington. For that
reason, the District bankers have
shaped their plans so that their own
convention will be over. thus giving
them an opportunity to greet the
large number of visitors who will be
here.
II possible, President Vass said
yesterday, the business meetings of
the White Sulphur convention will
be confined to three sessions to be
held Monday, Tuesday and Wednes-
DAY, with the possibility of an evening
session. the afternoons being left for
recreation. 1t is planned to have
the family dinner on Tuesday night.
an event on which the interest of
the entertainment Committee is CEN
tered.
Program Change Planned.
Tentative plans for the business
sessions depart from the usual pro-
gram winch provided a guest speaker
as special feature of each session.
The bankers believe that this year
the full time allotted for the business
sessions should be used for discus
slons OF practical operating problems
which have resulted from the
numerous new regulatory measures
adopted during the past year.
1t is expected that $50 to 200 will
attend the convention, and the
entertainment Committee will be
called upon to see that no one is
disappointed. President Vass will an
nounce the appointment of the vari-
Gus committees within the next few
days.
White Sulphur is one of the most
famous resorts in the East and the
Greenbrler one of the finest hotels
to be found anywhere. 1t has been
greatly enlarged since the Washing
ton fnanciers met there the last
time. The resort is an overnight run
on the Chesapeake & Ohio from this
city.
Trading on d. C. Exchange.
On the Washington Stock Exchange
yesterday Terminal Refrigerating &
Warehousing Corporation stock ap-
peared for the first time this year.
Ten shares sold at 81.
washington Gas SIS. 1860. which
have recently been quite active, sold
to the extent of $500 at 1862. The
final sale for the week in Capital
Traction stock included only four
shares, which went to 26A. The high
for the year, reached a few days ago,
was 27H. Very little of the stock
Is being offered at prevailing bids.
The strength in local bonds con-
tlnues to attract a good deal of at
tention, as both bid and asked prices
in several issues have slowly ad-
vanced. The flrmness in bonds here
Is In line with the higher prices which
have been noted for several weeks on
the New York Stock Exchange.
One of the most interesting re-
ports of the week came from PEOPLES
Drug Stores, Inc After preferred
dividends were covered, substantial
gains in yearly earnings on the COM
mon stock were reported.
Business Trend Upward.
The monthly report compiled by
William S. Quinter, secretary of the
District of Columbia Building & Loan
League, shows that in the first two
months of 1884 the trend of business
has been decidedly upward.
The report shows gain in assets
Of $1,03S,O00, 478 loans being made
during the months of January and
February for a total amount of ST.
$4,000. New accounts totaling 1926
were opened in building and loan as
sociations during the period.
All of the building and loan asso-
Citations of the league are cooperating
with the Presidents program and are
making loans which are payable over
q period of II years in easy monthly
payments and are making no charge
for commission on such loans. Mr..
Quinter states that all of the asso-
Citations have funds for immediate
loans.