Evening star., 1938-04-21


members of the club or to their guests.
Attendance will be limited to the ca
pacity of the club. Golf, horseshoe
pitching and other sports events will
add interest to the outing
President Brown announces that T.
Baker Robinson of G. M, P. Murphy &,
Co. is chairman of the Nominating
Committee this year. The slate has
been made up for the annual election
as follows:
Chauncey G. Parker, jr., president;
George NJ. Ferris. vice president;
Frank M. Hall, secretary and treas
urer; L. Clarke Brown and j. Clifford
Folger, members Board of Governors.
Thomas c. Montgomery, former presi-
dent of the club, retires as member
of the Board of Governors.
The journal announces that Clarke
Brown has abandoned all hope of his
reorganizf ion program during this
session" 1t also says all members must
have their current dues paid in order
to attend Myles H. Quail. Harold Pat
terson, Edison B. Olds, T. Baker Robin
son, C. c. Allies, Fenton Cramer Austin
Rohrbaugh and Monk" Ellis are in
charge of the sports events.
d. c. Speakers on Program.
The 26th annual meeting of the
Chamber of Commerce of the United
States will be held here May to S.
The tentative program calls for gen.
eral discussion and action respecting
the following broad topics: Labor
problems, Americas dependence on
foreign trade. economic progress, rela-
ton of agriculture to other forms of
industry, regulation of competition,
transportation and communication,
private enterprise in the natural re-
sources field, capital requirements of
business and construction.
Among Washingtonians who will be
active in the program are John w.
OLeary, chairman of the Chambers
Executive Committee; Rear Admiral
Emory S. Land, chairman United
States Maritime Commission: Chester
C. Davis, member Board of Governors
of the Federal Reserve System; Her.
man Fakler, chairman Millers' Ma
tional Federation: Rev. Edmund A.
Walsh, vice president Georgetown
University, and Ernest T Trigg, chair
man National Housing Council. At a
forum session on Capital Require
ments of Business Robert " Fleming,
president of the Riggs National Bank,
will preside.
Ransom Urges Cooperation.
Appearing before the House Cur
rency and Banking Committee, Ronald
Ransom. vice chairman of the Fed
eral Reserve Board, supported the
Presidents recent statement that
Federal banking supervision can be
better co-ordinated" and said there
should be much closer corporation
between the bank examining methods
of the Federal Reserve Board, Federal
Deposit Insurance Corp, Reconstruc-
ton Finance Corp. and the office Of
the controller of the currency
President High Leach of the Fed.
eral Reserve Bank of Richmond has
announced that under the new reserve
requirements reserve city banks ir
Richmond, Baltimore, Charlotte, N. c.
and Washington must keep 171a pei
cent of their demand deposits at Rich.
nond. Banks located elsewhere il
the fifth district must keep II per cent
of demand deposits with the Reserve
Bank All classes of member bank
must keep S per cent of their time
deposits at Richmond, the notice
states.
Today's Trading on Exchange.
Trading on the Washington Stool
Exchange today was the heaviest il
many weeks. Six $1,000 transfers il
Washington Gas SIS, 1858. we're re
corded at los. Trading registered
20o-shsre turnover in Capital Transi
at 7.
An unusually large transaction wa
an 80-share sale of Potomac Electro
Power 51a per cent preferred stock a
1l312. Other prices were around re
cent levels
President Thomas j. Groom of tn
District Bankers Association say
that the banks are receiving a con
stantly increasing number OF mod
ernization loan applications.