Evening star. [volume] (Washington, D.C.) 1854-1972, 1937-11-03

Robert Y. Fleming banks declined
by the small sum
of S24s.000 the statement SAYS.
The Richmond survey adds that 10
mutual savings banks in Baltimore
had deposits totaling $217676,535 on
September 80, an increase of 3.6 per
cent above the S21O,18O.830 on deposit
on September 80. 1886. Aggregate
deposits In these 10 banks on Septem-
Der 80 reached new record level.
Citing Department of Labor figures.
the report says that Maryland pay rolls
In August rose 81 per cent in amount
were up 3.3 per cent in Virginia and
SO per cent in West Virginia. WASH
ington's pay roll was fractionally lower
than in July and the number on pay
rolls also was slightly lower.
In September Maryland registered
2,879 new passenger automobiles, up
per cent from last September and
up 10 per cent for the first nine months
of this year, when 37.917 new cars
were booked. Virginia registered 1921
in September. a gain Of 81 per cent,
and 41,366 in the nine months, an
upturn of As per cent. Washington
registered l.549 cars in September and
1888 in nine months, both figures
being lower than last year, Is per
cent and 8 per cent, respectively.
Construction contracts awarded in
the Capital in August the report says,
totaled s4.230.200. against S3340, 700 in
August. 1896. gain of 266 per cent.
Maryland reported SO per cent gain
in August and Virginia 155 per cent
over August year ago.
Another high light In the fifth dis
trict report discloses that South Caro-
iinas tobacco crop this year is the
largest on record and also is the most
valuable crop ever raised in that State.
Fleming q, Years Old Today.
One of the most active and capable
bankers in the United States-Robert
v. Fleming. president of Riggs Ma
tional-was heartily congratulated on
reaching his Attn birthday today. Still
well under SO. he already has had
about all the banking honors that can
be showered on one f1nancier.
President of the American Bankers
Association two years ago, he remains
as one of the leading spirits in that
organization. Constantly consulted on
matters of greatest importance to the
association and to the welfare of bank
ing in general, he sits on the executive
council and gives valuable service to
many important committees. At the
recent Boston convention he was
chairman of the Resolutions Commit
tee when a strong stand was taken
against branch banking across State
Lines.
His contacts with high Government
officials brought him into national
prominence several years ago and led
him to the top of the ladder in the
A. B. A. His service on legislative
committees was given universal praise
by members of the association. In
1928 he was president of the District
Bankers Association. At that time he
originated the idea of having special
fduciaries, auditors and safe deposit
sections. which have proved so very
beneficial in the last nine years.
Mr.. Fleming is director in a large
number of corporations here and in
New York. He is chairman of the
board of trustees OF George Washing
ton University, and lends his active
support to host of civic organiza-
tons. He is on the directorate of boys
clubs of America, serving at the re-
quest of former President Hoover, and
at the request of Secretary Roper is
serving as member of the Business
Advisory Council of the Department of
Commerce.
Hanna Named as Director.
John H. Hanna, chairman of the
Board of Directors of the Capital
Transit Co.. has been renominated
to serve another three-year term as
q director of the Federal Reserve
Bank of Richmond His term ex-
pires as class B director on Decem-
Der /.
James c. Braswell, class A director.
has also been renominated. He is
president Of the Planters National
Bank g. Trust Co., Rocky Mount,
N. c.
The banks having the right to vote
IN these classes have been asked to
forward their ballots to Richmond
before November 16, when the ballots
will be opened and the results an
nounced. AS the candidates are I'M
opposed, it looks as if they stood
pretty good chances of reelection.
Heard in Financial District.
The Washington Building Con-
eress, which meets tomorrow evening
at the Cosmos Club to make further
plans for the winter seasons activi-
ties, has been organized for some
time, Is incorporated and has about
100 members, among whom are some
OF the Capitals most substantial citi-
Gems interested in the building in
dustry. Arthur B. Heaton is chair
man of the Board of Governors, and
Theodore Irving Coe, another archi-
tect, Is president of the organization.
The District Life Underwriters As
ISOLATION holds the November luncheon
tomorrow noon at the Willard Hotel.
with William H. Worthington, New
York, as the guest speaker. He is
widely known for his methods in in
surance salesmanship.
The death of Charles r. Grant was
announced in the financial district
today. He was an official of the
Washington Loan g. Trust Co. for
many years, retiring three years ago.
Election news had little effect on
New York Stock Exchange prices at
the opening today, although the voting
results we're widely discussed in the
board rooms.
Today's Trading on Exchange.
Capital Traction SIS were stronger
on the Washington Stock Exchange
today, 81 900 and $500 transfers taking
place at 10. City e. Suburban SIS came
out at So. Washington Gas Light pre-
ferred opened ut % and moved lin to