Evening star., 1936-06-30
Chorpening Lauds Convention

II. Chorpening. chief national bank
examiner in the fifth Federal Reserve
district, has returned to Washington
after attending the annual convention
of the West Virginia Bankers Asso-
citation at Hot Springs, Va. He is
most enthusiastic over the entire con-
vention program.
Herman G. Kump, Governor of West
Virginia, made one of the most inter-
esting addresses on the program. The
address of w. T. Vandoren, vice presl-
dent and cashier of the Liberty Ma
tional Bank, Washington, aroused
much interest. He spoke on trust
departments.
The West Virginia bankers paid the
usual tribute to the president OF the
American Bankers Association. Rob-
ert V. Fleming, and manifested great
enthusiasm over his address. The
convention was held in Virginia be-
cause the West Virginia bankers gen.
erously gave up their reservations at
White Sulphur when General Motors
wanted to hold a conclave there large
enough to fill the entire Greenorler
Hotel
Financia District Gossip.
The Washington Office of Fenner
& Beane is distributing among clients
a summary Of the taxation situation
written by Charles E. Fenner, presl-
dent of the New Orleans Cotton EX-
change. He goes into what he calls
beneficial and onerous taxation very
thoroughly.
Slauson, White g. Rowe, sponsors
here of independence Fund of North
America, report that DR.. M. Winkler,
consulting economist, sails for Europe
tomorrow for a tour of several for
eign cuntries. He plans to do con-
siderable writing OH conditions abroad
as he finds them.
Value of building permits issued in
1922 of the largest communities IN
the country as reported to the Bu-
reau of Labor Statistics during the
first five months of the year was
II per cent higher than in the same
period of 1885. Permits were granted
for construction worth S466, AL 900.
In heavy trading on the Washington
Stock Exchange today, Capital Tran
sit stock reached 16 for the first time
this year, where it closed. Trading
was also heavy in many other issues,
both stocks and bonds, prices remain
ing at recent levels.
Rain Saves District CrODs,
Latest reports from the Federal Re-
serve Bank of Richmond state that
rains have fallen throughout most of
the fifth reserve district during the
past 10 days and ended, temporarily
et least, 10week drought.
Farmers in this area have been
greatly cheered because crops have
already shown improvement which
had threatened to become dead losses
because of lack of water. Much more
moisture is needed but the situation
has been considerably relieved.
Unestimated millions will be saved
to the farmers through the timely ar
rival of rain in the district. The to-
bacco crop rallied well, as did a good
deal OF the late corn.
Early garden and truck crops were
heavily damaged, but farmers hope to
regain their losses on these crops by
better prices for later crops. The sit
uation is said to be better in the whole
district, which comprises Maryland,
Virginia, West Virginia and the Caro-
linas.
Many localities report stimulated
trade due to payment of the soldiers
bonus. Extensive automobile buying
Is brisk, building continues to boom
in the fifth district and credit men
are now predicting that June will set
up collection record on bills of long
Standing