Evening star. [volume] (Washington, D.C.) 1854-1972, 1936-11-04
VIRGINIA BANKERS
To HEAR FLEMING
More Than 225 of North.
Central Area Will Meet
at Alexandria.
BY EDWARD C. STONE.

than 225 members Of the Virginia
Bankers Association in the north
central section of the State, to be held
In Alexandria next Wednesday, No.
vember II. The bankers will be the |
guests of the Alexandria Clearing |
House Association.
Talks also will be made by Clarence |
J. Robey, Purcellville National Bank;
Giles H. Miller, jr., Culpeper Ma
tional Bank; william H. Byrd, First
National Bank of Harrisonburg;
George F Downham, Citizens Ma
tional Bank, Alexandria; Harold G.
Brown, Shenandoah Valley National
Bank, and Luther H. Dudley, Alex
endria National Bank.
Both men and women representa-
tives of SO banks in group 3, Virginia
Bankers Association, which extends
from Alexandria to Culpeper in
Northern Virginia and from Win
chester to Staunton in the valley, are
expected. The meeting will be held
in the George Mason Hotel.
Bank Directors Nominated.
Charles E. Rieman, president, West
ern National Bank, Baltimore, has
been nominated to succeed himself
as a class A director in the Federal
Reserve Bank of Richmond, Chair
man F. A. Delano announces.
Charles c. Reed, vice president OF
Williams & Reed, Inc of Richmond,
has been nominated to succeed him.
salt as class B director in the Rich
mond Bank, it has just been reported.
Both terms expire on December 81.
The Richmond bank has sent to all
Washington and other member banks
the usual voting blanks. The voting
period ends on November 81, when the
ballots will be opened. counted and
the results made known. The candi-
dates are invited to be present or be
represented at Richmond at that time.
Oil Farley Program Ready.
Washington will be we'll represented
at the seventeenth annual meeting
of the American Petroleum Institute,
November to II, at the Stevens
Hotel, Chicago. An attendance OF
about 5000 is expected at the "oil
mems forum" which will take up
business, economics, petroleum pro-
duction and refining.
Parker D. Trask and H. Whitman
Patnode of the United States Geologi-
cal Survey will participate in the pro-
gram, collaborating on a paper en-
titled Means of Recognizing Source
Beds at the division of production
group session.
Theodore " Rogers. American
Trucking Association of Washington,
is to speak on What Cooperation
Can Do for the Trucking Industry
at the division of marketing group
session.
Willis Crane, connected with the
National Petroleum Association Office
in the Munsey Building. will speak on
Trends in Legislation Affecting
Marketing" The program, as an
nounced today, is the most compre-
hensive yet planned.
More than 100 officers are to be
elected, including 46 new directors and
so members of divisional general
committees.
Second Elects Vice President.
Julius E. Lob was elected vice
president of the Second National Bank
at the last meeting of the Board of
Directors, it was announced in the
financial district today. Mr.. Lob,
native of Macon, Ga. came to Wash
ington about three and half years
ago to work on the liquidation OF
closed banks, after already having
had wide financial experience in the
South. At the same directors meet
ing, Frederick S. Boyer was elected
cashier.
President John A. Reilly stated to-
day that the G street branch has now
been made the main Office of the
Second National, a distinction which
the Seventh street bank has held for
many years.
-. Fleming Notes 46th Birthday.
Robert V. Fleming is 46 years old.
He reached that advanced" age yes
terday amid host Of congratulations
from associates and many flowers.
How much he accomplished in As
years! More than many f1nanciers do
in a whole lifetime. He was one of
the youngest men ever elected presi-
dent of the American Bankers As
ISOLATION. He was not very far along
In his 30S when he was advanced
to the presidency of the Riggs Ma
tional Bank, after being connected
with the institution since he was IT,
starting up the ladder by the mes
senger route, further proof that a
bank runner can become bank presi-
dent.
Mr.. Fleming is a native of WASH
angton and no doubt will always live
here. 1t is said that years ago he
spurned an offer to go to a New York
bank at salary which was hard to
refuse, staying here because of his
intense interest in the National Capt.
tai, his work and his friends.
Crowds Jam Broker Offices.
New York Stock Exchange Offices in
this city were damned to the doors
long before the opening of the mar
ket today. Judging by the converse
ton among traders and also in the
banks, there must have been an cleo
ton somewhere yesterday. The mar
ket opened strong after the holiday
and with fast trading. The tape
showed practically all issues strong
with the exception of some of the
utility stocks.
BY reference to the records, it Is
shown that trading in November, both
in election years and others, is usually
strong with advancing prices. Based
on present business conditions,
prospects and expected dividends, the
present month is likely to prove no
exception, many market observers be-
iieve, although it must be kept in
mind that Wall Street has already
witnessed very long and broad up
swing.
81 Washington Exchange Active.
In unusually heavy trading on the
Washington Stock Exchange today,