Evening star., 1935-02-10
D. c. BANKERS PICK
HOT SPR|NCSFO
ANNUAL SESSIONS
Conclave From May 80 to
June 2 Is Leading Event
of Years Activities.
HOSKINSON WILL LIST
Committee NAMES SOON
Seven of Twelve 0ut.of Town
Meetings So Far Have Been
Held at Virginia Resort.
BY EDWARD c. STONE.

According to announcement made
yesterday, the District Bankers As
sociation will hold the 1885 conven-
ton at the Homestead, Hot Springs,
Va, May 80 to June 2, inclusive. The
convention is the most important
event in the years activities, the pro-
gram always including many ad-
dresses on important financial sub
jects and annual committee reports,
together with an array of sport and
other entertainment features.
Selection of Hot Springs was an
nounced by President F.. P. H. Sid
donS to the Council of Administration,
the Virginia resort being recommend
ed by the general chairman of the
Convention Committee, Hileary G..
Hoskinson, vice president of the Riggs
National Bank. The dates selected
are practically the same as those cho-
sen last year for the meeting at White
Sulphur Springs.
Chairman Hoskinson will announce
his committees in the near future. This
will be the associations thirteenth
ut-of-town convention. How popu-
lar Hot Springs is with local finan-
ciers is proved by the fact that seven
annual conclaves have already been
held there.
The first bank parley was held at
Deer Park, Md, while another took
place aboard the Norfolk boat during
q three-day cruise. Two conventions
have been held at White Sulphur
Springs and two at Montauk Point,
Long Island. Asheville, N. c., was
the scene of one of the largest con-
claves the association has enjoyed.
The shortest out-of-town trip on rec
ord was made during the turbulent
days of 1888, when the association
staged a one-day session at the Co.
lumbia Country Club in Chevy
Chase, Md.
Traction Bonds Lead Market.
Saturday trading on the Washing
ton Stock Exchange was led by trans
actions in Capital Traction IS. Five
consecutive $1,000 sales and one $500
transfer took place at the high for
this year and several past years, 81.
This mark was reached earlier in the
week when a substantial turnover was
recorded.
Capital Transit Co. stock appeared
on the board at the week end, selling
at 25A. The stock closed with 25 a
bid and rs asked, pretty close
spread. The company's annual meet
ing is due in a few days and good
deal of interest is being manifested as
to the next action of the directors
bearing on the dividend situation.
Woodward & Lothrop issues, which
have recently absorbed more than
usual attention, were quiet yesterday.
The common stock, so lively earlier in
the week, closed with 81 bid and 81
asked. At present levels the stock
yields about $40 per cent. The pre-
ferred stock wound up the week with
1101a bid, but none offered. The last
sale was made at Ill, which means a
return of 635 per cent, one of the
highest yields of any issue on the
board.
Both stock and bond quotations have
been strong in all recent sessions.
Business has held up well. The COM
ing gold clause ruling by the Nations
highest court has had no effect on the
local market. 1t remains, however, the
chief topic of conversation in the
financial district.
The Reception Committee for the
thirtieth annual banquet of Washing
ton Chapter of the American Institute
Of Banking was announced yesterday
by James c. Dulin, jr., treasurer of
American Security & Trust Co., chair
man. The banquet will be held at the
Willard Hotel Saturday evening next.
The committee is composed of the fol-
lowing local bankers:
Francis G. Addison, jr., president,
Security Savings & Commercial Bank;
Harold w. Burnside, assistant cashier,
Riggs National Bank; Victor B. Dey-
Der, president, Second National Bank;
Charles H. Doing, vice president, Wash
ington Loan & Trust Co.; Joshua
Evans, jr., vice president, Hamilton
National Bank; Robert H. Lacey, cash.
Ter, Columbia National Bank: Howard
Moran, vice president, American Sc
curity & Trust Co.; Christopher H.
Pope, vice president, Munsey Trust
Co.; Ord Preston, president, Union
Trust Co.; F. p. H. siddons, secretary
American Security g. Trust Co.;
George o. Vass, vice president, Riggs
National Bank, and Wilmer ]. Waller
vice president. Hamilton National
Bank.
Many Unclaimed Deposits.
Evidently depositors in some of
Washington's closed banks are not in
need Of money. The report of Re-
Ceiver John F. Moran that there are
1000 checks totaling $4,000 which
have been unclaimed at the Park Saw
ings Bank, will cause some surprise.
Claims for this money have already
been approved. The money is at the
bank at Fourteenth and Kenyon
streets northwest.
The same receiver also reports that
there are approximately 1000 I'M
called-for checks totaling $4,000 repre-
senting dividends on claims filed
against the North Capitol Savings
Bank. There are also about 5000
claims against the same bank which
have not yet been proven.
Receiver Moran adds that he has
$500 checks totaling $1,000 which
Departmental Bank claimants have
not yet called for. Total Departmental
Bank claims not yet proven amount
to approximately $4,000, representing
about 857 accounts.
Prosperity must be nearer than 'just
around the corner" or depositors would
display more speed in calling for these
funds.