Evening star., 1934-08-10
BANKERS TOSTUDy.
HOUSING LOANS.
Siddons ealis. q. B. A. Meet
Ing to Weigh Situation
Here Monday.
BY EDWARD c. STONE.


Improvement Of real property as pro-
vlded In the national housing act,
Frederick p. r. siddons. president Of
the District Of Columbia Bankers
Association and secretary of the
American Security & Trust Co, has
called a special meeting Of the Capital
association for next Monday at 4:30
nm. In the board room Of the Amer
lean Security 81 Trust Co.
AT this meeting Francis O. Addison.
tr., president Of the Security Savings
a. Commercial Bank. who Ia acting as
chairman OF the committee appointed
by the District Of Columbia Bankers
Association and also representing the
local association in the American
Bankers Association, viii render a
report OF his committee to the sssocia-
ton, 50 that all Washington banks
EiiI be fully acquainted with the rules
and regulations promulgated under
bulletin No. /. and will be prepared
10 serve the public when the Housing
Administration announces that II de-
sires loans 10 be made.
Prepared to Cooperate.
"I am confident that all Of our local
banking institutions are In hearty
cooperation with the plans promul-
gated by the Federal Housing Admin
Lstration and will be prepared TO
render proper service TO those making
applications for such loans" President
biddons said today.
At the annual convention OF the
District Of Columbia Bankers Asso-
citation, held at White Sulphur Springs
last May. the following resolution was
unanimously adopted at the final
session of that convention:
Resolved. that the members OF the
District of Columbia Bankers Associa-
ton lend their support and eneour-
aaement to the program Of the Gov
ernment for the modernization and
renovation OF the homes, and that
they endeavor to cooperate under the
plan outlined by the President for
granting credit for moderaization pur-
poses.
"Be It resolved. further, that the
members Of this association take a
sympathetic and cooperative attitude
toward the Governments effort 10 i'm
prove housing conditions and methods
OF mortgage finance"
Thompson Consults Kennedy.
Eugene T. Thompson, member Of
the washington Stock Exchange and
president of the Associated Stock Ex-
changes, which includes about 20 ex-
changes outside of New York and Chi
cago, held conference yesterday with
Joseph p. Kennedy, chairman Of the
Securities and Exchange Commission,
regarding the rules and regulations
governing the registration of ex-
changes. Representatives of many ex-
changes were also present at the meet
ing. At the conclusion OF the con-
ference, the representatives expressed
themselves as much pleased with the
regulations considered.
Among the widely known stock ex-
change leaders present at the confer
ence were:
Baltimore Stock Exchange-Theo-
dore Gould, president; Edward d. Al
len OF the Governing Committee.
Boston Stock Exchange-Charle A.
Colliras, president; George Rich, sec
retary: Hatheriy Foster. jr., Govern
ing Committee, and Lothrop With
ington, counsel.
Chicago Board of Trade-Fred M.
Clutton, secretary.
Chicago Stock Exchange-Michael
j. O'Brien, president: Jess Halsted,
secretary, and Leland K. Neezes,
counsel.
Chicago Curb Exchange-Allen S.
Noyes. president; Moritz J. Loeb, Sec
retary.
New York Produce Exchange-Al-
bert Wagner, chairman Securities
Committee; Herman H. Petry, secre-
tary; Charles Z. Grim. Listing Com
mittee; Andrew Gibson, Listing Com
mittee, and Julius B. Baer, counsel,
Philadelphia Stock Exchange
Frank c. Matthews.
Joins Westheimer Staf.
John H. Clarke has joined the Wash
ington Staff Of Westheimer g. Co.,
members of the New York Stock Ex-
change, according to announcement
today by Harmer Reeside, manager of
the Washington Office. Mr.. Clarke
has been active In the brokerage busi-
ness in this city during the past seven
or eight years.
There were many more visitors to
the board rooms in the brokerage
houses here today, following yester-
days Government announcement on
the naturalization of silver. Yester-
days sudden market activity brought
out today's increased attendance. The
opening. however, was erratic, most
stocks falling to maintain their previ-
GUS advances.
Ideas differ widely in the latest
move in silver. The step is considered
inflationary by the majority of traders
but only mildly So That was given
as the reason why the market sold of
after the opening and during the first
hour.
The market is still being governed
by a host Of other factors. along with
the sudden silver development. Grains
and cotton are also drawing more at
tention than in many months.
Financial District Gossip.
The death Of Lister T. Watts IS
keenly felt by the Washington Asso-
citation of Credit Men. For years
he had been a leader in the organi-
zation and his place will be hard
TO fill. He was most liberal in the
amount of time he gave to the credit
work and his Judgment was always
of great assistance. His S4-year con-
nection with the Standard Oh Co
furnished the background for an un-
usual business record.
An increase of IL per cent in the
total amount of applications for new
insurance is reported by the New
York Life Insurance Co. for july
as compared with the corresponding
month of 1893. New insurance ap-
piled for during the month exceeded
S48, 000, ,000
The total for the first seven months
of this year is Ssol .913.S47 as CON-
pared with sS5e. .69s, 300 during the
same period of 1888. These fgure'
include all r. F. c. and P. W. A. loans
Today's Trading on Exchange.
Business was good on the Washing.