Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-04-03

and other leg!s- +. Hunton Leith.
lation affecting the countrys tinan-
clal system. Many of the provisions
of these laws, in their relationship to
current banking. credit and economic
problems, will be discussed by men of
outstanding prominence in the bank
ing and educational fields.
Subjects SO far selected are audits
and accounting. embracing improved
methods and systems for safeguarding
banks; bank credit, its Importance in
current economic Development bank
administration, including the deposit
guaranty law: deposit functions, which
will embrace the banking code, service
charges and other fair practices; in
YestmentS and the new securities act;
savings banking; trust functions;
business development and advertising
First Days Activities.
Delegates to the convention will ar
rive in the National Capital Monday
morning. June II, and after register
ing will be taken on sightseeing trip
to some of the citys most interesting
and historical places. On Monday
evening the national public speaking
NOllIcSt Id W NC Will
lists who win in the forthcoming coun-
try-wide eliminations will compete for
s1.10O i'll cash prizes their subject
being Constructive Customer Rela-
tiofs"
The Bank Women's Committee
breakfast. to be followed by a bust
ness conference which will be adj
dressed by an outstanding woman
speaker, is to be held on Wednesday
morning.
More than 10000 junior and senior
bankers have been awarded the stand
ard certificate of the A. I. B., the
completion of which course requires
four years. The educational director
of the A. l. B.. DR.. Harold Stonier
was formerly vice president of the
University of California and was Sc
lected by President Hoover as a dele
gate to the International Congress on
Commercial Education which met i'll
London in July, 1882.
Albert S. Puelicher, vice president
of the Marshall & Ilsley Bank of Mil
waukee. is president of the institute
this year, Charles F. Ellery, assistant
secretary-treasurer, Fidelity Union
Trust Co. Newark vice president, and
Richard ". Hill of New York its Sec
rotary.
Peoples Drug Common Scars.
Peoples Drug Stores common stock
scared to new peak on the New
York Stock Exchange yesterday,
jumping 312 points during the day
and closing at 40, That is an ad-
vance from 81 during the present
year. only comparatively few other
stocks having gone up 10 points in
the same length of time,
There is no pool in it, as yester-
days sales totaled only 200 shares.
The common has been active ever
since the annual report on Peoples
Drug appeared. which indicates that
the present exceptional move is based
on earnings.
Peoples Drug Stores preferred stock
is listed on the Washington Stock
Exchange. 1t pays $3.50 a year and
the latest bid on it is 81, with none
offered. Holders appear satisfied to
keep it. as trading has been dead in
the issue for several months. The
yield makes it attractive.
Otterback Has I'D Birthday.
Maurice Otterback chairman of the
board of the Anacostia Bank. re-
ceived many congratulations today on
the occasion of his 72d birthday ami
versary. The event finds Mr.. Otter
back in excellent health and still
active in the affairs of his bank.
Mr.. Otterback is enthusiastic over
the long-term business outlook. He
called attention today to the gains
in the steel industry, the steady in
crease in electrical output, United
States expenditures, advances in bank
clearings and the recent sharp gains
in deposits in the Washington banks.
Since the call New York banks have
reported a similar jump in deposits
he added
The Anacostia has always made it
practice to put as much romance
into banking as possible. Far from
being "hard-boiled," he believed many
people can be helped over rough
spots without in any way endanger-
ing the soundness of financial in
situations.
Agency Hears Phone Pleas.
Members of the John l.. McElfresh
Agency of the Connecticut Life In
surance Co., heard a Nation wide
telephone broadcast from Hartford
yesterday, by two head officers of the
company. The phone addresses were
heard by ga agencies in all parts of
the United States and marked the
start of Today sales promotion
campaign. The mechanics of the
broadcast were very interesting, the
Southern New England Telephone Co.
calling on the whole Bell system for
help. Loud speakers in each Office
did the rest.
Insurance Officers Chosen.
All officers and directors of Cor
coran Fire Insurance Co. of the Dis
trirt Of CnllInohia NJ