Evening star., 1935-04-25

donS added. that
tns.rvntinas the number ,sd Of F. P. n. siddon..
to be limited to prevent oyercrowding
of the clubs facilities.
Among the specially invited guests
who have accepted invitations are
many officials high in Government
circles, the majority of these men
naturally being connected with the
Treasury Department in one way or
another. Up to noon today the fol-
lowing guests had signified their in
tention to be present:
James B. Alley. counsel, Recon-
struction Finance Corp; F. G. Await,
deputy controller. Treasury Depart
ment; L. E. Birdzell, Federal Deposit
Insurance Corp: Thomas W. Brahany,
Aubrey Carter, Treasury Department;
I. I. Chorpening chief national bank
examiner for the fifth reserve district:
Lawrence Clayton. Federal Reserve
Board: William H. Donovan, Gov.
Mariner S. Eccles. Federal Reserve
Board: James B. Edmunds. C. & o.
Railroad representative; William P.
Folger, chief national bank examiner;
j. E. Fouts, insolvent national bank
division, Treasury Department.; E. H.
Cough, deputy controller. Treasury
Department; James M. Lands, COM
missioner. Securities and Exchange
Commission; Gibbs Lyons, deputy
controller, Treasury Department;
John K Mckee, chief. examining
division. r. F. c.; W. R. Milford. eX-
ecutive assistant. Federal Deposit In
surance Corp; James A. Moffett, Fed
eral Housing Administration; Chester
Morrill,, Federal Reserve Board: Will
liam M. Mooney, city postmaster: w.
H. Moran, chief. secret service. Treas
ury Department; E. E. Mountjoy,
American Bankers Association; D. j.
Needham. American Bankers ASso-
citation: Leo H. Paulger, Federal Re-
serve Board; Walton L. Sanderson
president, washington Chapter Amer
lean Institute of Banking; Arthur B.
Shelton, United States Court of Gus
toms and Patent Appeals; Col. Daniel
I. Sultan, Commissioner, District of
Columbia. and Walter w. Wyatt, Fed
eral Reserve Board.
During the evening Hilleary G. Hos
kinson. general convention chairman.
will outline the plans for the coming
annual gathering in Hot Springs. Va,
May 80 to June 9 Robert v. Fleming,
vice president of the American Bank
ers' Association, will speak, presum-
ably on the recent Spring meeting of
the Executive Council and there will
be other informal talks. President
Siddons will preside.
The Special Committee in charge of
the dinner is composed Of Karl W..
Corby, Charles H. Doing. Thomas J.
Groom and Lanier P. McLachlen.
Interest Grows in Election.
Interest In the coming New York
Stock Exchange election is growing
steadily in the brokerage Offices here.
Predictions were made today that some
Of the independent candidates are
likely to get a good many votes.
John F. Murray of John F. Murray
&, Co., w. Allston Flagg of Post &
Flagg. Bertrand L. Taylor jr.. of Tay-
lor e. Delaney. and Robert w. Keelips
of Ware &, Keelips have been nomi-
mated as Independent candidates for
membership in the Governing Com
mittee of the New York Stock Ex-
change.
There are now IA candidates for
the 10 places on the Governing Com
mittee, those elected to serve for a
period of four years. The 10 candi-
dates nominated by the Nominating
Committee are as follows: Edward c.
Feidler, E. Burd Grubb, John w.
Hanes, H. Terry Morrison. Warren B.
Nash, Winton G. Rossiter, David w.
Smyth, Robert L. Stott, Alfred E.
Thurber, and Richard Whitney.
Deposit Insurance Permanent.
Chairman Leo T. Crowley of the
Federal Deposit Insurance Corp. says
that some people have the mistaken
idea that insurance Of deposits in the
banks will end on July /. He sug-
gests that the banks stress the point
to ali inquiring customers that de-
pos1t insurance is now a permanent
part of the Federal banking law.
The First of Boston Corp. a firm
dealing in investment securities, has
opened a Washington Office in the
American Security Building. r. G.
Lyme is the local manager.
Directors of tn, Norfolk & Western
Railroad have declared the regular
quarterly dividend of So a share, pay
aole June l9 to stock of record Nav
81. For the quarter ended March 81
the road earned S3.07 a share on the
common stock against $3.47 in the
same period last year.
President F. P. H. Siddons of the
District Bankers Association was to
give radio address over Stotion
WRC at 2:30 o'clock this afternoon
on the part the banks have played
IN their efforts to aid the Federal
Housing campaign.
Daylight Saving Next Week.
All the brokerage houses in Wash.
1ngton will go on daylight saving time
next Monday when the New York
Stock Exchange changes over to the
Summer schedule. The big New York
markets will open an hour earlier. at
9 o'clock Washington time snd close
at 2 o'clock.
The Washington Stock Market row
opens daily at 11:15. What to do
about the Summer schedule will be
decided by the board Of governors.
The hope is expressed in some quar-
ters that President Y. E. Booker and
his associates will see flv to step up
the time of the regular sessions
during the Summer.
The Federal Reserve Bank of Rich
mond has sent out notices regarding
the telegraphic transfer Of funds by
the banks in the fifth district. Ac-
ceptance of the Richmond bank and
its branches of wire transfers of
funds. "for completion on the day CT
receipt" will be moved forward an
hour, from April % to September 90.
Today's Trading on Exchange.
On the Washington Stock Exchange
today Potomac Electric Power IS, 1858,
opened business with a $1,000 transfer
at 100, following by a $500 sale at