Evening star., 1936-10-18

Grafton day holiday, May 81. will be
o Monday. Delegates will leave Wash
ington Wednesday evening, May rs,
and return the following Monday
night.
With the time and place determined,
selection of committees and planning
of details will go ahead with the
maximum facility. Interest in these
annual sessions has increased with
the years and all local bankers are
looking forward to a most successful
and pleasant gathering.
In the interim, standing committees
and auxiliary sections of the aSso-
citation are functioning smoothly and
standing ready to take care of any
problems which concern the banks OF
Washington or affect the banking
services rendered to the public.
Karl w. Corby of w. B. Hibbs &
Co., president of the association, will
complete his term of Office at the
1887 convention. Other officers for
this year include Thomas j. Groom,
first vice president; Hilleary @. Hos
kinson, second vice president; Ord
Preston, third vice president; Albert
s.. Galley, treasurer; Frank j. Hogan,
counsel, and Donald w. Larson, Sec
yetary.
Bank Clearings Rise Here.
Bank clearings in Washington last
week were 7.9 per cent above the same
week year ago, although off II per
cent from the preceding week, the
Department of Commerce reported
yesterday in its weekly survey cover
ing SO important cities.
Department store sales were per
cent ahead Of the like period last
year, the report showed, although down
rs per cent from the previous week,
chiefly because of varied annual and
promotional sales two weeks ago.
Building permits in the Capital
slumped, their value being 40 per
cent under the previous week and q
per cent off from the corresponding
week last year, the decline being con-
sidered temporary rather than sea-
sonal. Tourist activities continued to
hold up well, as evidenced by the
number of visitors to the Washington
Monument.
Trade in the rest of the fifth Re-
serve district was spotty, with some
sections showing gains and others re-
cessions.
Bankers to Elect Officers.
Y. E. Booker, chairman Of the
Southeastern Group of the Investment
Bankers Association of America, an
nounced yesterday that the annual
meeting of the group will be held
next Friday at the Merchants Club in
Baltimore at o'clock.
John Redwood, jr., of Baker, Watts
& Co., Baltimore, has been nominated
for the chairmanship; Robert S. Bel
nap, Alexander Brown & Sons. vice
chairman, and c. Provost Boyce of
Stein Bros. g. Boyce, secretary and
treasurer. John c. Legg, jr., of
Mackubin, Goodrich g. Co., is slated
for reelection to the Executive Com
mittee for three-year term.
Wallace H. Fulton, director of the
recently organized Investment Bank
ers' Conference, Inc, of Washington,
will be the guest speaker and pre-
sent the aims of the organization in
compelling fair practices among in
vestment dealers themselves, as well
as in dealing with clients. It is ex-
pected that practically all the in
vestment houses in Washington will
have representatives at the Baltimore
session.
Waller Honored by A. B. A.
Wilmer j. Waller. vice president and
cashier of the Hamilton National
Bank, has been reappointed to MEM
bership of the Banking Studies Com
mittee OF the American Bankers As
sociation, according to announcement
yesterday by President Tom K. Smith.
This Is one of the associations most
important committees and includes
such bankers as Francis M. Law, for
mer head of the A. B. A.; Winthrop
w. Aldrich, chairman of the Chase
National Bank; A. P. Giannini and
Harry Haas, another former A. B. A.
president. In addition to this, Mr..
Waller was made member Of the
Executive Committee Of this same
&IVup dlu ~ VIC eiiiiC Va tiiC CoiiFch-
tion was elected member Of the
Executive Committee of the National
Bank Division.
w. T. Van Doran, vice president and
cashier of the Liberty National Bank,
has been invited to address the South
Carolina Bankers Association at Co
lumbia, at their FAN meeting next
Thursday. He will speak on Federal
Examination Of Trust Departments. "
He has already spoken before Virginia
bankers in convention. A former bank
examiner in the fifth district, the in
yitation is q compliment to one OF
the younger bankers Of Washington.
Frank M. Perley, head Of the in
vestment department Of the American
Security q Trust Co., has returned