Evening star., 1937-09-08


American Institute of Banking, expect
a record attendance at the annual
Fall educational dinner this evening
at the Willard, when Controller of the
Currency j. F. T. O'Connor will be
she guest speaker. He has addressed
the institute members on several oc-
cssions and is always heard with great
interest.
Other speakers will include Thomas
j. Groom, president of the District
Bankers Association; Dean of the
Faculty Raymond B. Dickey, chapter
officials and committee chairmen.
In addition to tonights program,
the annual national radio commence
nent exercises are scheduled for Fri
DAY evening, making an extra big
institute week
Financiers End Vacations.
John A. Reilly, president of the Sec
ond National Bank, was back at his
desk today after a months vacation
passed at Rehoboth Beach, Del Vic
tor B. Deyber, cnirman of the board
Of the same bank, will take his vaca-
tion shortly.
George Q. Vass, vice president and
cashier Of the Riggs National Bank,
has returned from a three-week motor
trip through several Western national
parks. He covered some 5000 miles
and reports an unusually interesting
trip.
@. Bowie Chipman, manager of the
Washington Office of Laidlaw & Co.,
is back in the financial district after
= seven-week trip to Europe. He spend
much Of his time in Germany. He said
today that economic improvement
was noticeable in most European coun-
tries and that there was very little
talk of war among the average citizens.
Harry w. Gauss, assistant treasurer
of the Washington Loan & Trust Co.
and brother of United States Consul
General Gauss at Shanghai, has con-
cluded a three-week vacation.
Another Bank in Virginia.
Steps are being taken by a Cham
Der OF Commerce Committee to estab-
dish new bank at Brookneal, Va. The
fun amount of stock has already been
subscribed. Some citizens were dis
appointed in not getting any stock
and the heavier subscribers have been
asked to release part of their shares
in order TO widen the subscriptions.
Al is expected the bank will open by
Fhe end Of September in time to handle
the tobacco market business.
Washington bankers planning 10
attend the annual convention of the
National Advertisers Association at
Syracuse September 1917 have been
informed that there will be no formal
addresses at the luncheons. There
Evil be the usual number of luncheons
but no set speeches" all forum dis
cusSions being assigned 10 the busi-
ness sessions
Virginia Beach reports an unusually
successful resort season, with the ho-
sels and cottages almost constantly
hlleo. This season has been almost
as good as last year" said one hotel
manager, and you couldn't have q
better year than last year" Much
ot the same economic cheer comes
from many other resorts.
Bank Declares Dividend.
Directors of the Bank of Commerce
f. Savings have declared the regular
quarterly dividend OF 2l2 per cent
Vice President Thomas j. Groom an.
bounced today The disbursement
vii be made on October 81 to stock.
holders of record September 20.
New York Stock Exchange Office,
acre lammed here today before tn,
opening, as a result of yesterday:
sharp break. In the early trading tn,
market showed improvement. Prac.
tcally all the first ticker notes related
20 the European situation. home-trad,
prospects being ignored. Brokers ey,
pressed varied opinions on the out.
look.
Peoples Drug Stores common stool
rS being quoted ex-dividend on tn,
washington Stock Exchange prepara
sory to the payment on October l o
she regular quarterly dividend of 2,
vents share and a special divident
of 80 cents share
Gas Preferred Sells al Par.
The new Washington Gas Light pre-
serred stock sold at 100 on the Wash
mgton Stock Exchange today. Trad
ing was the leveliest in many sessions
Potomac Electric Power issues solt
around recent levels, Washington Ga
ihghC common came out at 26, an,
Riggs Bank common sold at 32S
Capital Transit stock was in deman,
81 l0@s. while a single share of Wash
,ngton Loan a. Trust Co. stock move,
al 290.
Payments on open-credit account
receivable of department stores wer
made at lower rate during July. 1881
than during July, 1886, and June thi
year, according to announcement to
osy by the Bureau of Foreign an