Evening star., 1934-04-18
MANY TO ATTEND
BANKERS DINNER
Public Officials Invited to
Event Preceding D. C.
Convention.
BY EDWARD C. STONE.


Bankers Association next Wednesday
evening at the Columbia Country
Club promise to make it an outstand-
ing event. Thomas j. Groom, vice
president of the Bank of Commerce
& Savings. who is chairman of the
General Convention Committee, will
preside. There will be no formal
speech-making but number of guests
will be presented, and it is quite un-
likely that they will be allowed to
remain silent.
The purpose of the dinner is pri-
marily to discuss the plans made for
the coming annual convention, which
will be held during the last week of
May at the Greenbrier, White Sulphur
Springs. Moving pictures of the hotel,
eolf courses, tennis courts and SWIM
ming pool will be a feature of the
evening.
The dinner is in charge of Karl w.
Corby of w. B, HibbS & Co., who is
secretary of the Bankers Associa-
tion. Reservations already received
indicate that there will be more than
200 in attendance.
SiddOns Among Speakers.
Washington bank auditors and con-
trollers will send a record delegation
to the second Eastern Regional Con-
ference of Bank Auditors and Con-
trollers, to be held in Philadelphia,
April 20 and 81.
Frederick H. P. SiddonS secretary
OF the American Security & Trust Co.,
will be one of the speakers, his sub
Ject being, How Recent Legislation
Has Affected the Practical Operation
of the Bank" Mr.. Siddons has made
a detailed study of this subject and
has addressed several other groups
along similar lines.
Local bankers who will attend the
sessions include: A. j. Linn, R. A.
SiSson and NJ S. Yeatman. Hamilton
National Bank; j. c. Elgin, w. B.
Hibbs & Co.. W. M. Harris, Lincoln
National; r. E. Haycock, D. E. Wise
carver and D. D. Whitcraft, Riggs
National; Gerald E. Keene. Second
National; H. N. GlaSco and w. M.
McCurdy, Union Trust Co.; Ralph
Endicott and H. L. Downey, Wash
lngton Loan & Trust Co.; F. E. Robey.
Bank of Commerce & Savings, and A.
E. Yeatman. Columbia National.
Mr.. Yeatman is chairman of the
auditors section of the District Bank
ers' Association, which has enjoyed
highly successful year. He has had
much to do in signing up the large
delegation for the Philadelphia meet
ing.
Wholesale Trade Doing Well.
According to the Federal Reserve
Bank of Richmond, wholesale trade in
the NTH Reserve district is holding I'D
well, due to refill orders since Easter
wholesale houses also report orders for
summer goods as on the increase. Re-
ports from salesmen all over the fifth
district are optimistic. The usual let
down after Easter appears to have
been avoided.
AS already noted, March retail sales
were up So per cent in this trade area.
compared with March a year ago,
which was better than the national
average. Sales for the first quarter
are % per cent ahead of last year in
the same territory and stores.
In the Atlanta district, business is
also reported as improving steadily.
Retail sales are between 40 and so per
cent ahead of last year. Here, too. the
atter-Easter lull was avoided. Depart
ment stores are increasing employ
ment. The warm weather in the South
has been big help.
Chapin-S Sacks Report Net.
Chapin-Sacks Corporation, which
MAINTAINS its head office in Washing
ton and is connected with the Ma
tional Dairy Corporation. has issued
the following report for 1898:
Net income, after expenses, depreci-
alton, interest. repairs and mainte-
nance and other charges, s1l5,OO8,
equal to Sl7.24 a share on 6,671 8 per
cent first preferred shares, against
$l36,336, or $l8.37 a share on 742l
per cent preferred shares in 1922
Chapin-SackS, Inc. owns all z per
cent general preferred, 1894 per cent
OF class A and all of class B stocks.
Z. j. Gockeler, president of the
Washington Stock Exchange and an
ofnclal in the Hamilton Bank, is one
OF the Chapn-SackS directors. When
the local exchange had an unlisted
department, this company's per cent
stock was one of the most active is
sues. 1t Is widely held here.
Large Traction Turnover.
There was large turnover in Carl
tai Traction stock on the Washington
exchange today. Seven transactions
covered 95 shares, all sold at "a. The
stock closed with "a bid and 2412
asked, very small spread
One share Of Merchants Transfer &
Storage preferred moved at 291a and
small lot OF Mergenthaler Linotype
came out at 243s. Peoples Drug pre-
ferred. recently so lively in New York,
Is still quiet on the local board.
AnacoStia & Potomac Railroad SIS
were out again today, two 81 1000 sales
taking place at g. up a from yester-
DAY. Washington Gas 5s, 1860, fig
ured in $500 sale at 1861 and $500
Capital Traction SIS sold at 8112.
Heard in Financial District.
The Washington Association of
Credit Men announces that Henry H.
Heimann, executive manager, will re-
turn to his regular post on May |,
after completing three months special
service in the Shipping Board Bureau
In the Department of Commerce
General Foods Corporation has de-
clared the regular quarterly dividend
OF As cents per share, payable May
Is TO stock of record May /.
West Virginia Pup & Paper Co.
has voted the usual quarterly dividend
of $3.50 on the preferred stock, pay
able May Is to shares of record May /.
Pennsylvania Railroad Co. reports
for two months ended February %,
1884, net income of sl,518,080 after
taxes and charges, equivalent to IL
cents a share on 13,167,696 shares
(par $500 of capital stock. This COM
pares with net loss of 1919, ,949 in first
two months of 1888.
New York Savings Bank celebrated
its 80th birthday anniversary yes
terday. The institution, which had
six depositors at the close of business
on its first day in 1854, had Sc 900