Evening star., 1936-04-05
Security Savings President
Heads Committee of
DC. Association.
PRE.EASTER SHOPPING
FAR ABOVE 1885 HERE
Weeks Increase of 1913 Per Cent
Sends Total 14.5 Per Cent
Ahead of Year Ago.
BY EDWARD C. STONE.

OF the Security Savings g. CONNER
cial Bank, has been appointed by
Charles H. Doing, president of the
District of Columbia Bankers ASSo-
citation and a Washington Loan &
Trust Co. official, chairman of the
Program Committee for the annual
convention to be held next month at
White Sulphur Springs, w. Va, it
was announced yesterday the entire
committee being named at the same
time. Wilmer j. Waller, vice preSi-
dent and cashier of the Hamilton
National Bank, is vice chairman.
Associated with them in the selec-
ton of speakers and topics to be
presented at the annual session are
Victor B. Deyber, chairman of the
board, Second National Bank; Robert
v. Fleming, president Riggs National
Bank and also of the American
Bankers Association; w. Frank D.
Heron. vice president Union Trust
Co; Lanier P. McLachlen, president
McLachlen Banking Corp; Howard
Moran and Frederick P. H. Siddons,
respectively vice president and sec
retary of American Security & Trust
Co; Maurice D. Rosenberg, president,
Bank of Commerce & Savings, and
Horace F. Stokes, assistant cashier
National Metropolitan Bank. All but
two members of this committee are
past presidents of the association.
Chairman Addison has already an
nounced that it will be the purpose
of the committee to eliminate the
usual routine section and committee
reports from the stated program and
IN their place to have the cfairmen
present recommendations for discus
sion by the delegates present. He
also said yesterday that announce
ments will be made of speakers and
topics as soon as his committee has
received acceptance from those Sc
1ected and invited. =. 1t is expected
that Robert v. Fleming as president
Of the American Bankers Associa-
tion will undoubtedly be one of those
invited to address the convention.
Easter Sales Increase Here.
Pre-Easter shopping in Washington
stores during the past week registered
q substantial gain of 22.3 per cent
over the previous week and 145 per
cent over the same week last year, the
Department of Commerce reported
yesterday in a business survey cover
ing 81 cities all over the country.
Bank clearings in the Capital were
up l7.9 per cent over the previous
week and 5.3 per cent better than in
the like period a year ago. Spring
building continued its acceleration
with the value of building permits in
creasing 70 per cent over the pre-
Vious week and more than As per
cent from the same week in 1885.
Bad weather in the first part of the
week under review slowed up the
tourist business, only 10000 visitors
Climbing the Washington Monument.
Retail trade in other cities in the
fifth Reserve district scored some
sharp gains. Richmond reported the
highest bank debts in weeks. Balti-
more trade expanded and compared
favorably with 1885 levels, wearing
apparel being in the strongest demand.
Promotional sales in Norfolk caused
an Easter boom. Reports from nearly
oil cities showed that March ended
with rush that made first quarter
trade summaries way ahead of the
first quarter in 1885.
Exchange Prices Strong.
The Washington Stock Exchange
closed the week with extra strong
prices on leading securities. Riggs
National Bank common stock hit 280,
the best price in 1886 and up four
points from the last previous sale.
The stock opened the year at $50,
dropped to 225, turned upward and
has since gained SIS points. Yester-
days turnover was 80 shares.
Mergenthaler Linotype closed the
week at 431a. up half a point from
Friday. Lanston Monotype came out
yesterday at 80, the peak price for
the present year, although it had
previously sold at the same figure.
The most important stock sale of
the day was 100 shares of Washington
Railway g. Electric preferred at Ill. |
1t has been some time since this stock
appeared on the board. Potomac Elec-
trio Power 51a per cent preferred was
firm at ia.
Bond trading was confined to two |
81 900 tranfers in Georgetown Gas SIS |
at 116R and $1,000 Capital Traction |
Is at soA.
Delegates to Be Nominated.
Washington Chapter will nominate
delegates to the National Convention |
Of the American Institute of Banking |
next Thursday night About 10 dele |
gates are expected to represent the |
local chapter in Seattle, where the
annual conclave Is scheduled for |
June to II.
The National Transportation Com
mittee has arranged an interesting
"trip for Eastern delegates. A special
train leaving the East on May 81
will reach the convention city via
Colorado Springs, Salt Lake City,
Lake Tahoe, Calf, and Yosemite
National Park. On the return trip
Glacier National Park will be visited
Tor three days. Several of the chap
ters along the route have arranged
10 enteftain the delegates for short
periods.
At the convention most Of the pro-
ram will consist Of the forum type
,f conferences covering all phases Of
both bank and chapter work. The
prospects Of q close race in the elec-
lions for national Offices will add to
he interest Of the convention. |