Evening star., 1935-05-21

major portion of it will be accom-
plished by July /.
The convention is to close this aft
ernoon, reelection being slated for w.
w. Spaid. as president. and Eugene z.
Thompson, also of Washington, as
executive vice president.
Bank Speakers Announced.
Members of the safe deposit section
of the District Bankers Association
have received word that the two-day
session Of the National Safe Deposit
Convention at Asbury Park, June 7
and g. will be addressed by United
States Senator A. Harry Moore, Mrs.
Harold Hoffman, wife of the New
Jersey Governor; State Banking Com
missioner Carl K. Withers, Miss Helen
r. Mallory, First National Bank,
Elnira, N. Y, and DR.. Harry G.
Thomas. father of Lowell Thomas
Holders of National Power & Light
stock and of Associated Gas & Elec-
trio, in this city, have received letters
urging them to request their Senators
to vote against the proposed bill to
exterminate holding companies. de-
spite any reports to the contrary"
the National Power & Light Co. says,
''the bill provides for the disintergra-
tion and destruction of your company
and Of other utility holding COM
panies." Associated Gas believes that
securities of public utility holding
companies will come back as they did
before, if the industry can secure re-
lief from destructive legislation"
The Richmond Reserve Bank an
nounces the redemption of Home
Owners Loan Corp. per cent bonds,
series 1888 to 81, on July l, and the
optional exchange offering of four
year / u per cent bonds of the Home
Owners Loan Corp, of series F-1939,
to be dated and bearing interest from
June /, 1885.
Underwriters Report Tomorrow.
Members Of the District Life Under
writer's Association and others will
make final reports on insurance week
results at luncheon to be held at the
willard at 1915. The affair is to be
called victory luncheon. The win
ming teams and individuals will be an
nounced, also the total number of ap-
plications taken during the week and
the aggregate sum involved. The goal
of 1000 new policies was passed some
time before the end of the special
drive, so the report is sure to arouse
great enthusiasm. The underwriters
will also hold their annual election of
officers.
Mai. L. L. 3. Angas, author of "The
Coming American Boom" and "The
IN fs visiting in
New York, has turned over to Alfred
A. Knopf, Inc, the manuscript for an
other substantial volume entitled,
problems Of the Foreign Exchanges"
for immediate publication. The book
will come out in June. Maj. Angas
now has retired from business and is
devoting all his time to writing on
economic subjects.
Transit Stock Leads Trading.
Capital Transit stock led trading on
the Washington Stock Exchange to-
day, closing "a point higher than yes
terday's new low mark. One hundred
shares changed hands during the ses-
sion, five consecutive 10-share sales,
a 4O-share block and two flve-share
lots. The final bid was Is, with 1874
asked, against 16 at yesterdays close.
Capital Traction SIS In the bond di-
vision recorded a $1,000 sale at 96l2,
against the last previous sale at 90.
The remaining bond trading was IN
Washington Gas IS, 1860. which re-
corded three $1,000 sales at a new
mark of 11s, a jump of 2 full points
since the last previous transfer.
During the session 10 shares OF
Washington Loan & Trust Co. stock
came out at 200 and two shares OF
Potomac Electric Power 5la per cent
preferred moved at 1924.