Evening star., 1936-01-19
zoo WILL ATTEND
WINTER MEETING
OF D. c. BANKERS
WhaIey to Give Address.
Important Auditors Re-
port Is Due.
FLEMING, A. B. A. CHIEF,
TO BE GUEST OF HONOR
Selection of General Convention
Committee Chairman for 1885
Likely to Be Announced.
BY EDWARD C. STONE

Two QEnQTcQ Ddnk OIuCeTS anu Ql-
fectorS have signified their intentions
Of attending the mid-Winter meeting
Of the District Bankers Association
to be held in the main ball room at
the Raleigh Hotel tomorrow evening.
In addition to important reports
from the auditors section and several
standing committees, the bankers will
be addressed by P. H. Whaley, presi-
dent of the Whaley-Eaton Corp, who
Is considered an outstanding authority
on economic conditions. He will
speak on "The Outlook for Banking. u
Robert v. Fleming, president of the
American Bankers Association and of
the Riggs National Bank, will be the
guest of honor, while Charles H. Do
ing, association president and first
vice president Of the Washington Loan
& Trust Co. will preside.
It is expected that announcement
will be made of the selection for the
craftsmanship of the 1886 General
Convention Committee, the meeting
to be held at White Sulphur Springs.
The evenings program will conclude
with buffet supper.
Moulton to Address Bankers.
Harold G. Moulton. president of the
Brookings Institution, will speak on
Fundamental Business Problems" at
the Eastern Conference on Banking
Service to be held at the Bellevue
Stratford Hotel. Philadelphia, Janu-
ary g and "a, under the auspices OF
the American Bankers Association, il
was announced here yesterday by the
president, Robert v. Fleming. He also
announced that Harold Stonier, edu-
cational director of the association,
win speak on Facts and Fallacies."
These addresses will feature the sub
scription diner on the evening OF
January "a. Harry j. Haas, general
chairman of the Philadelphia bankers
committees, will preside at the dinner
''It is my conviction that no more
important duty rests upon the execu-
tives Of our banking institutions to-
day than that of counseling together
on ways and means for promoting
sound improvements in the services
of the banks and for bringing about
better public understanding regarding
banking services" MIR. Fleming said
The forum meetings will cover the
following subjects: Bank Protection
and Insurance" Constructive Custo-
mer Relations. Commercial Bank
Ing" Facilitating Farm Credit
Publicity and Advertising" Savings
and Trust"
The States included in the confer
ence territory are: Connecticut, Della
ware. District of Columbia, Maine,
Maryland, Massachusetts,, New Hamp-
shire, New Jersey, New York, Ohio,
Pennsylvania, Rhode Island. Vermont,
Virginia and West Virginia.
Trade Slows Up in District.
Retail sales in Washington stores
during the past week were off 10.4
per cent from the previous week and
slightly lower than in the correspond
ing week year ago, the Commerce
Department reported yesterday in re-
viewing business in 80 important
cities. Bank clearings receded ~ per
cent from the previous week but were
1911 per cent ahead of the same week
in 1895. At the same time building
permits increasd 1877 per cent over
the previous week and scared 158 per
cent above the corresponding week
last year.
The report states that unfavorable
weather was retarding factor in
trade in the whole fifth Reserve dis
trict, which includes Washington, but
some buying stimulus resulted from
promotional undertakings. Uncer-
tainty and hesitancy prevailed in
wholesale circles, but there were un-
mistakable signs that Spring buying
will soon gain momentum. Reopen
ing of the tobacco markets after the
holidays was attended by firm tone
with prices slightly higher in some
markets.
In Richmond bank debts we're
above the like period in 1885. De-
partment store sales in Norfolk i'm
proved over the same weeks this year
and last Seasonal sales had stimu-
lating effect in Baltimore, where both
bank clearings and bank debts i'm
proved slightly.
Bonds Top Market Demand.
Bonds were again in excellent de-
mand on the Washington Stock Ex-
change as the week ended. Capital
Traction IS sold at 91ss. City &
Suburban SIS figured in their first 1896
sale, $1,000 moving at 861z. Ana
costa & Potomac r. r. IS appeared
on the board at SlA.
Potomac Electric Power 5k per cent
preferred stock came out at lis for 10
shares, again selling at the high mark
this year. A single share of American
Security & Trust Co. stock sold at 220,
while the days closing sale was 100
share block Of Mergenthaler Linotype
at the strong price of Al.
The market closed with . bid Of
1904 for American Telephone, the
highest offer on the issue during the
present recovery from the national de-
preston. The first two weeks Of 1886
business on the Washington Exchange
have been highly satisfactory in both
bonds and stocks. Prices have been
good, brokers have had more orders
than they could fill at prevailing
prices.
Insurance Club Plans Dinner.
The Insurance Women'S Club Of
Washington will hold its regular
monthly dinner and business meeting
tomorrow evening. Mabel v. Royce,
president, has named the following
committee chairmen: Jennings w.
Lawler. A. K. Phillips. Inc, chairman
Educational Committee; Betty Gibson,
Home Insurance Co. Of New York,
chairman Membership Committee, and
Ethel e. Gass, David M. Lea Co.,
chairman Entertainment Committee. 1
4