Evening star., 1936-04-16

AUDITORS SectlOn 49,, ~ 1..
of the District
Bankers Association and connected
with the American Security & Trust
Co. Others who will attend include
John M. Harris, Anacostia Bank A.
E. Yeatman, Columbia National;
Arthur ]. Linn, NJ S. Yeatman, A. R
Walden, K. o. Hulse and H. K
Warner, Hamilton National; j. c.
Elgin W. B. Hibbs & Co., and Lewis
E. Thomas, Liberty National
Also w. M. Harris and L. G. Grimes
Lincoln National; A. j. Bitterly, Mum
sey Trust; Everett H. Parsley, Ma
tional Bank of Washington F. v. A
Cook. National Metropolitan; Audley
A. P. Savage, National Savings &
Trust; Raymond G. Marx, R. Earle
Haycock, D. D. Whitcraft. D. E.
WiSecarver, J. T. Bridges, T. P. Cow
gill and j. T. Lingebach, Riggs Ma
tional; Gerald M. Keene, Second Ma
tional; Will R. Swetman. Bank OF
Commerce & Savings, and w. j. Ship
man. Security Savings &, Commercial;
Walter M. McCurdy and H. Norman
Glasco, Union Trust; Harry L.
Downey, Roger S. Quinn and w. M.
Ofutt, Washington Loan & Trust
A T. Gordon, A. Russell Bolton and
T A. ThorSon, National Savings &
Trust AS already noted, the Capital
delegation will take an active part in
the proceedings Raymond G. Marx,
controller at Riggs. will preside at the
Friday luncheon, when Henry W. Ri
ley. auditor of the Federal Deposit In
surance Corp, will speak on IF. D.
I. c. Assessment"
Millard s. Yeatman will speak at
the Friday afternoon session on "Di-
rectors' Examinations" and Arthur j.
Linn will appear on the same program
with an address on What Additional
Service Can the National Association
Render?" Personal Loans and the
Personal Loan Department" will be
discussed by William B. Mehler. An
other speaker from Washington will be
p. H. Whaley, the magazine editor.
Wood to Address Financiers.
The annual visitation of Orrin G.
Wood of Boston, president of the
Investment Bankers Association, to
the Southeastern group will draw a
large delegation of Washington in
vestment dealers to Baltimore toner
row. About IS of the leading invest
ment houses in the Capital will be
represented.
Y. E. Booker of this city is chair
Of 1o hoa
also member of the board of govern
ors. He is slated to preside at spe-
cial luncheon tomorrow noon in honor
of Alden H. Little of Chicago, exeCu-
tive vice president of the association.
The chief speaker will be President
Wood, who is now making tour of
all sections of the country in the
interest of the association.
Investment bankers from Virginia
West Virginia and the Carolinas will
attend the Baltimore meeting in large
numbers, as these States are included
in the Southeastern group. Mr.
Wood, the association president, has
had very wide experience in the in
vestment field Harvard graduate
and former Boston banker, he is nov
a partner in Estabrook & Co., a
widely known investment house. He
has done a great deal of work on the
fair practice provisions of the invest
ment bankers code.
Fleming to Talk Over Radio.
Robert V. Fleming, president of
the American Bankers Association,
has accepted an invitation to speak
on the radio over Nationwide hook
up next Wednesday. April %. From
10:45 to II pm, Eastern standard
time, he will talk over the Columbia
System on "a National Program CT
Development of Banking Service"
The address will be one of the series
on current events being conducted by
the Columbia Broadcasting System.
With the present rapid developments
in the banking world, the address is
certain to be most timely and inform
attve. Few A. B. A. presidents have
been able to keep in as close touch
with banking developments as has Mr..
Fleming, partly because he is a resi-
dent of the Capital
Reese Addresses Underwriters.
Joseph H. Reese, Penn Mutual Life
Insurance Co., was the guest speaker
at the April luncheon of the District
of Columbia Life Underwriters Asso-
citation at the Willard today, taking
as his subject "Organizing for More
Business" In 1885 he rated eighth
with his company in insurance pro-
duction. With such experience, his
address today proved very helpful.
j. E. McCombs, president of the asso-
citation, was in the chair and three
candidates were nominated for elec-
ton to the board of directors The
attendance was close to a record as
result of the recent increase in mem
bership.
Heard In Financial District.
Wellstood White has submitted his
resignation as treasurer of Dulin g.
Martin, the mercantile house with
which he has been connected for a
long time. He has already completed
his duties.
Member banks in the District
Bankers Association are calling at
tention of patrons to the fact that
the national housing act has been
extended and that they will be glad
to continue to make loans for re-
modelling and renovizing loans as pro-
vided in title of the housing act
The banks are anxious to help resi-
dents of Washington do as much
property improving as possible.
Today's Trading on Exchange.
Riggs National Bank common stock
again sold at the years peak of 280
on the Washington Stock Exchange
today. Railway & Electric preferred
moved at Ill, the days sales involv-
ing 122 shares. Potomac Electric
Power per cent stock sold at 109
and 512 per cent preferred moved at
Ill on tiny sales. Capital Traction
IS registered .901a, unchanged.
Parker RuSt-ProOf CO,-March