Evening star., 1938-09-14

$#E& ldenI OF tne HlggS
u.-,.n National Bank,
and Raymond B.
Dickey dean of the institute faculty.
also will deliver addresses. Joseph r.
Fitzpatrick, president of Washington
chapter, will preside.
Presentation of certificates and
prizes won by institute members last
season will serve to emphasize the
outstanding educational program OF
the institute, the new season of which
will start with classes Monday. En-
rollments for the new season were
being taken this week.
In the commencement exercises, GER
tificates will be presented to Is stand
ard graduates and 80 pre-standard
graduates of last season.
Prizes will be awarded to the three
graduates with the highest average in
the standard group, and three in the
pre-standard group. These prizes are
donated by the District of Columbia
Clearing House Association and the
Charles j. Bell Memorial Fund The
Bank Women's Club of Washington
donates prize for the woman stand
ard graduate with the highest average
Following the meeting there will be
dancing in the large ballroom until
o'clock. A very large attendance is
expected.
Bond Demand Strong
Demand for Atlantic Refining Co.
hi i.l,
are scheduled for offering tomorrow,
has reached phenomenal proportions
and dealers here are expected to be
able to fill only small part of their
orders
Along with the offering price of
90. it was announced that the deben-
lures will be callable at 1903 2 up to
September /, l94l, at 1927. up to
Ghe same date in 1914, at l0l12 up
to the same date in l947, at 1O1
up to the date in 1885, at 1902 up
20 the date in 1851 and at par for
she remainder of the time.
The extraordinary demand for this
issue was cited as an indication of
the large amount of funds waiting for
profitable outlet. One dealer said he
could sell 10 times the number which
ne would be able to offer.
Hamilton Promotes Two.
At the regular meeting of the Board
cf Directors of the Hamilton National
Bank late yesterday Kenneth O.
Hulse was elevated to the position of
assistant cashier. Mr.. Hulse started
mis- banking career in 1920 as a mes
senger and since that time has filled
every clerical position in the bank.
He is holder of a standard certificate
of the American Institute of Banking
and has also completed the course in
credits given by the institute.
He graduated from Strayers College
Ct Accountancy in 1887, and for the
past two years has been in charge of
The personal loan department of the
bank.
At the same meeting, the title of
". G. Baden. who has been assistant
manager of the Dupont Circle branch
Of the Hamilton National Bank, was
changed from assistant branch man
ager to assistant cashier.
Leave for Convention.
Harold D. Kraft, general agent for
the Provident Mutual Life Insurance
Company of Philadelphia in Wash
ilgton, and seven members of the
Washington Agency, leave today for
Hot Springs Va, where they will
attend the first South Atlantic re-
nf no
lie held at the Homestead.
Mr. Kraft. whose agency has made
the third highest percentage of gain
in new business over the 1887 figures,
-ill address the convention on Sales
manship"
F. b. 1. Official to Speak.
L. A. Hince. executive assistant to
j. Edgar Hoover in the Federal Bureau
Of Investigation, will speak October 7
before the National Savings Club of
the National Savings g. Trust Co.
His address will be the next event
cn the clubs forum program which
has been unusually successful this
year under the guidance of William
Blum. forum committee chairman,
snd r. L. johnson, president of the
club.
An address before the club by Will
liam Irwin. assistant educational
director of the American Institute of
Banking, last week aroused much in
terest. AS a result, national savings
enrollments in Institute classes this
season will reach a new peak, nearly
three times the usual total Around
$50 persons attended the annual out
ing of the club last Sunday.
d. C. Exchange Is Quiet.
Trading was extremely quiet on the
Washington Stock Exchange this
morning with only two transactions
reported. Before the call five shares
of Potomac Electric 6 per cent pre-
ferred sold at 114h2, unchanged from
the last previous sale. After the call
five shares of Potomac Electric 5la
per cent preferred moved at ia, also
unchanged.
Directors of Reliable Stores Corp,
operators Of furniture and jewelry
stores, including five in Washington,
yesterday declared a dividend for the
quarter ending September 80 of 3712
cents a share on the 83,44O shares of
convertible preferred stock outstand-
ing, payable October l to stockholders
of record September 23
The Bank of Powhatan of Powhatan,
Va, is now in the million-dollar
class At the close of business Sep
tenber g. its total resources were
$l,00l 1856, as compared with 1898. 900
on December 81, 1887.
Departing from its custom of past
years, the International Silk Guild
reproduces the colors and textures
important in fall silks in its poster
for the fifth annual Silk Parade
More than $500 stores are expected
to be participating in the event which
begins next Monday.
The American Retail Federation
has issued bulletin on minimum