The Washington times., 1934-02-21

ly know, is S'''SS''''S''SSS''
from New York, Dunbar Hare
and formerly was with the Guar
anty Trust in that city.
All the brokerage boys are look
ing forward to the visit which
Richard Whitney, head OF the
New York Stock Exchange Is to
make here tomorrow.
Mr.. Whitney is coming here TO
testify before Senator Fletcher's
committee on the bill regulating
stock exchanges.
Tomorrow will be a holiday in
The stock market field, so it's
understood that seats in the COM
mittee room will be at premium.
Chris ]. Gockeler, president OF
the Washington Exchange, Is
quite enthused over the fact that
the institution is to resume Satur-
day sessions. They have been
discontinued for more than a
gear.
Under the new arrangement,
the exchange members will meet
at 1920 on Saturdays. On other
week days, the regular meeting
time is l1:15.
The new time, it's said, is due
10 the fact that a later meeting
time might run over the New
York Stock Exchange closing
hour.
The stock exchange cut out its
Saturday session due to the busl-
ness depression. Better business
conditions, says Mr.. Gockeler, are
responsible for resumption.
Everybody in financial circles is
sympathizing with Carl H. Donch.
who heads the branch office OF
Riggs National Bank at Four
teenth Street and Park Road
Northwest, over the death OF nus
mother. She was one OF the chle1
persons interested in the affairs
of the District of Columbia War
Mothers Association and Will be
buried today. ..
Now that the reorganization OF
the Mt. Vernon Savings Bank IS
going forward, Frank Lee, the
president, is looking with interest
TO his new duties as vice president.
Mr.. Lee, under the new setup
by which the washington Me
chanics Savings Bank will absorb
the institution, will handle the
MT. Vernon office.
And incidentally, if you wish to
gee a busy place, drop down at the
Mt. Vernon these days. Lots OF
detailed bookkeeping is III prog
xess-transcribing 10000 accounts.
C. F. Burton, executive vice
president of the Mechanics group,
has been worSing night and day
getting everything in shape. He'll
have the same type and amount
of work to do when the Franklin
National Bank joins the combine.
The new automatic boards,
teleregisters, are going over in a
big way, according to managers
of firms which have installed
them. So far. there has not been
a single kick, it's said. The
boards do not handle quite the
same range of stocks as the
manual type, but are more ac-
curate.
Thomas W. Brahany, manager
of e. A. Pierce and Company,
has been ill for the past few days.
However, he crawled out OF bed
early yesterday and went UP to
the Willard Hotel to be guest
of some friends who are mem
bers of the Early Birds. That
organization, it seems, meets
every Tuesday morning at 8
o'clock.
Mr.. Brahany went as the guest
Of James E. Colliflower, but he
says that Chris jacobson, cashier
Of the National Metropolitan
Bank, was there, too.
The Fenner and Beane outfit
that is, the managers, Gen.
Richmond P. Davis and John
N.othershead-are wondering how
the winow of their establishment
was broken.
Mr.. Mothershsad thinks that
Ct was due to the fact that office
temperatures are hot, compared
with those on the outside.