Evening star., 1934-06-05
SPEAKERS ADDED
T0A.L. B. PROGRAM
Remaining Subjects Listed
for Departmental Groups
at Convention.
BY EDWARD C. STONE.

program OF the thlrty-SecOnd annual
convention of the American Institute
of Banking, were announced today by
James A. Soper vice president and
cashier, Lincoln National Bank and
chairman of that committee. The fol-
lowing sessions will be held on We'd
nesday afternoon, June l3.
Business developing and advertising
conference-"PreSent Day Factors in
Commercial Development" Eliot H
Thomson, publicity manager, Wash
ing Loan g. Trust Co., Washington;
"Today's Advertising Objectives,"
Mark Byron, 3rd. Passaic National
Bank, Passaic, N. j.. Developing the
Savings Department. Why and How?"
Fred c. Mitchell, manager savings de-
partment. Merchants National Bank,
Richmond, Va.
Credits Problems Con-
fronting the Credit Man" Lewis E.
Gilman, assistant vice president, Web
ster & Atlas National Bank of Boston;
Current Status of InStalment Cred
its" David M. Sweet, assistant vice
president, City National Bank & Trust
Co, Chicago; Agriculture in the
Southern States" John E. Owens, vice
president and trust officer, Republic
National Bank & Trust Co.. Dallas,
Tex
Investments and investment bank
ing conference-"Trust Investment
Problems" Walter Reid Wolf, vice
president, City Bank Farmers Trust
Co. New York; Liquidation and Re-
financing of Real Estate Loans" All
bert c. Tosh, assistant secretary. Con-
tinental Illinois National Bank q
Trust Co., Chicago; Municipal Credit
Outlook" J. Harvie Wilkinson, Jr., as
sistant vice president, State Planters
Bank & Trust Co., Richmond Va.
Savings banking conference-"Sav-
1ngs Banking in the Present Decade,
Arlan w. Converse, vice president
First National Bank, Chicago; Con
structive Customer Relations" Ber-
nard Vogelsang. branch manager, Bank
of America National Trust d saw
ings Association. Los Angeles; IN
terbank Relations" Dana 5. sylvester
executive manager, Savings Banks AS
sociation of Massachusetts,; Meet the
Bandit" Robert B. McGaw, chairman
Protective Committee, Savings Banks
Association of Massachusetts, and
treasurer, Hampden Savings Bank
Springfield, Mass.
Trust functions conference Re
establishing the Cooperative Rela-
tlonship With Life Underwriter-To
What End?" Hawes Coleman. Jr.. vice
president, State-Planters' Bank d
Trust Co.. Richmond, Va; The Amaz-
ing Possibilities of the Trust Depart
ment as Disclosed by Probate Rec
ords." Albert Journeay, vice president,
the Purse Co. Chicago; Prospects for
Development of Living Trusts in the
New Economic Era-Competition That
MAY Be Anticipated" Robertson Girls
void, vice president, Maryland Trust
Co., Baltimore.
Seasonal Construction Gain.
Details from the Federal Reserve
Bank of Richmond S latest review
shows that the volume of work pro-
vided for in building permits issued
in April, 1884, in 81 fifth district
cities was small, but showed seasonal
increase over other recent months
and also exceeded that of April last
wear. Permits for all types of con-
struction numbered 2,028 in April
this year, compared with 1,464 per-
mits issued in March this year and
2123 permits issued in April, 1888.
Estimated valuation figures for per-
mits totaled S2,684 ,308, an increase OF
445 per cent over Sl,857,246 for
March. 1884, and III per cent above
S2,403.323 for April, 1888.
Twenty-one of the 81 cities re-
ported higher valuation figures for
April this year than last, but the
two largest cities, Baltimore and
Washington, failed to come up to
April, 1888, figures. In proportion to
population, Asheville, N c., made the
best record in April this year.
Contracts awarded for construction
work in the fifth Reserve district in
April this year totaled s11 ,o13 ,992, in
Guiding both urban and rural con-
struction, compared with S6,376. .484 in
contracts awarded in April, 1888, ac-
cording to figures collected by the F.
w. Dodge Corporation.
Of the April, 1884. contracts, 81
T58.182 was for residential structures,
approximately IS per cent of all con-
tracts, compared with S2,432 800 for
residential work in April last year, or
38 per cent of all contracts awarded
in that month.
Virginia Bonds Popular.
With reference to Virginia State
bonds and ether bond issues, the
weekly review of Rhodes, Williams &
Co. says:
United States Government bonds
were outstandingly strong near the
week end, rejecting the widely held
opinion that the June financing would
be smaller than expected. Certainly
everything in the high-grade market
points at present to higher prices. For
instance, the State of Virginia sold
Sl,0OO,000 of 10-year 212S on Thurs
day at 1O0337. They were reoffered
to the public on 235 per cent basis.
This is better price than the Treas
ury of the United State can get for
1O-year bonds.
"Of course, it is parity attributable
to the fact that the State bonds are
entirely tax exempt while Treasury
long-term issues are not. In addition
Virginian institutions would rather
have State bonds that Governments
fer purely local reasons. Even then
the price seemed high and certainly
erments may go"
Heard in Financial District.
Opening of 1913 banks in the first
five months of 1884 is reported by
the American Banker. The rate OF
reopenings was at a slower pace in
May. when 1877 banks began full oper-
ations, as compared with 208 in April,
15Q in March l3S in February and
186 in January.
Federal Home Loan Bank System
membership now totals 2,50l. with
197,426 shares of stock held in the
IL regional Federal Home Loan Banks
emitting them to a line of credit of
1921, 1853 ,642. The regional banks
opened for operations in october, 1882,
and had only 1l6 members on jan
uary /, 1888.
Trading was quite active on the
Washington Stock Exchange again
today. with prices firm. Capital Trac-
Do; o,