The Washington times., 1934-05-07

the 4 per cent
bonds are not s
compe lied to ;Ssss
make the ex- Dunbar Hare
change. It is optional. The new
bonds bear only 3 per cent in
terest, but are fully guaranteed.
The corporation announces that
where application for conversion
is made prior to June 30, proper
adjustment of interest will be
made as Of the date OF refund
ing.
The corporation pointed out
that there has been widespread
distribution of Home Owners
Corporation bonds issued in ex-
change for upwards of 100000
mortgages financed through the
organization, and urged prompt
application for conversion. 1t is
specified that all such applica-
tions must be made to the cor
poration treasurer at the new Of
fices in the new Post Office
Building.
If you drop into Hemphill,
Noyes and Company's swanky Of
fices in the Shoreham Building
and see Alexander McCook Dun
lop, Cookie" to his friends, look
ing off vacantly into space, do not
be startled. Mr.. Dunlop is not
planning a coup on the market,
being neither bullish or bearish.
Instead he's become horse con-
Scious.
It seems that Mr.. Dunlop,
though Scotch, has several friends
in Ireland. One of these, so the
story goes, has purchased for Mr..
Dunlop ticket on the derby
C"darby" to you) which is to be
run at EPSON Downs on June 6.
Thomas j. Mangan, jr., one OF
the co-managers of the brokerage
house, says Mr.. Dunlop is con-
fident that he will win and that
he already is figuring on what he
will do with the money. Naturally
everyone who knows about the
matter is pulling for Mr.. Dunlop,
but they can't pull very hard since
he won't tell anyone what horse
he has.
Marshall Exnicios, vice president
of Robert c. Jones and Company,
Inc, was among those present at
the Gold Cup races in Warrenton
last Saturday.
Edwin C. Baltz, secrNtary of the
Perpetual Building Association
and commodore of the Chesa-
peake and Potomac Power Boat
Association, is all keyed-up over
the motorboat marathon which
which will be run over District
waters July 4. The course will
be SO miles and the event will
be the first of the kind ever
staged in this section.
Mr.. Baltz also is waxing en-.
thusiaStic about the Presidents
Cup Regatta, which is an annual
affair. He has been interested in
it and has played prominent
part in its success since its in
ception.
Mr.. Baltz is one of Washing
tons best known motor boat en-
thusiasts and even piloted his
own boat in the Cherry Blossom
Festival Regatta, run several
weeks ago.
Local bankers today expressed
interest in the report that Eugene
r. Black is to resign shortly as
governor of the Federal Reserve
Board. Mr.. Black, they say, has
proven to be a capable official
in a difficult post, and generally
hope was expressed that he would
change his mind, if, as reported,
he plans to step out of the ma
tional financial picture.
E. j. Sacks again heads the
Washington Permanent Building
Association. He was reelected at
q meeting last week as were the
following: John Henderson, vice
president; C. J. Bergman, treas
urer; Hermann H. Bergman,
secretary; c. Rammling, John H.
Clipper, C.. Chester ClayWood,
Max Welton, Joseph N. Sunders,
James R. Ellis, Clyde VI. Miller
and Walter B. Avery, directors.
"The State of the Nation" will
be the subject Merle Thorpe,
editor of Nations Business, the
mouthpiece of the United States
Chamber of Commerce. will dis
cuSS at the coming convention Of
the District of Columbia Bankers
Association which will be held
May 27-3O, inclusive. at White
Sulphur Springs, w. Va.
Announcement that Mr.. Thorpe
will speak is the first disclosure
made by the program commit
tee headed by Wilmer j. Waller,
vice president of the Hamilton
National Bank.
At the same time, Mr.. Waller
announced that various sections
of the association would hold
meetings coincident with the con-
vention and that Robert H.
Lacey. president of the Wash
ington chapter, American In
Stitute of Banking, would report
on activities of that group dur
ing the year.