Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-03-09


most cities the month had the same
number of business days this year and
last year.
Credit League to Banquet.
The annual meeting and dinner of
the District of Columbia Credit Union
League will take place tomorrow eve
ming at .Schneider's Cafe, Eleventh
street NV, beginning at 6 o'clock.
A. w. Thomas is president of the
league.
Claude R. Orchard of the Farm
Credit Administration will be the guest
speaker. The league is made I'D of
100 individual credit unions in the
various Government departments with
some $4,000 Washington members.
These unions are now located in Al
OF the AZ States, in addition to those
IN the Capital. In Washington "a
nave District charters and rs are I'M
der Federal charters. Those under
District charters have approximately
$l,0OO,OO0 in assets and the Federal
chartered unions have about s2,75O.-
600 in assets. The District league Off
Gals make the annual meeting most
enjoyable and important meeting.
Essay Subjects Announced.
The Essay Contest Committee of the
District Bankers Association, Aubrey
o. Dooley, chairman, has selected the
following topics for this years contest:
Group l, Merchandising Bank Serv-
tce." and group 2, 1.-THE Banker as an
Economic and Social Factor" which,
being interpreted, means THE Bank
er's Place in the Community
Under new rules put into effect for
the 1898 essay contest there will be
two classes of contestants-one for
bank employees and one for junior Of
f1cers. The contest is open to all
members of the Washington Chapter,
American Institute of Banking, in
good standing on April l, who are
employees of banks which are members
OF the District of Columbia Bankers
Association-except senior executive
ofhcers of banks and trust companies
and those individuals who have been
winners in any two previous contests,
A first and second prize are to
awarded to the two persons in each
class, who, in the opinion of the
Judges. prepare the best papers in
their respective classes. The first
prize in each class will be a trip, at
the expense of the contestants bank,
to the convention of the association, to
be held June 9-12, at Hot Springs, Va.
The second prize in each class will be
. cash prize Of $50, to be paid by the
contestants bank. The judges will
also give honorable mention" to two
such additional papers as In their
judgment are the most meritorius.
Regular Dividends Declared.
Directors of Wellington Fund, Inc,
have declared regular dividend of
20 cents per share, payable March 81
to holders of record March is, william
M. Candy, manager Of the Washington
ONCE, reported today. This makes a
total Of $1.25 a share paid in the last
IL months. This declaration Is the
thirty-second consecutive payment
since March 1880.
Director Of the Seaboard Finance
Corp, meeting here, declared regular
quarterly dividend of IS cents per
share on the common stock and SO
cents per share on the preferred stock,
both payable March 80 to shareholders
Of record March Is.
Exchange Trading Heavier.
Business was considerably more &C
tive on the Washington Stock Ex-
change today than In other recent
sessions. Potomac Electric Power SIX
per cent preferred moved at ll2h and
the 6 per cent preferred sold at 113.
Capital Transit stock came out on
. nine-share sale at 71a, closing with
~ bid and 81 asked. Washington
Railway b Electric moved at ll01s
In the bond division, two $1,000
transfers In Washington Gas SIS, 1865,
took place at 1047s.
Smiths Transfer b Storage Co. has
leased . fireproof warehouse which
contains 100000 cubic feet Of storage
space.