Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-03

volved, 1859, compared with 539 in
May, 1888.
The dollar value of bonds alone
amounted to S35, 493, while this fig
ure year ago stood at only $9,514.
The May figures this year, however,
are below the records for 1887 The
dollar value of all sales in May,
1887, was S145,514 of stock sales,
$685., and of bond sales, S50,199.
The May record was better than
April when sales amounted to $l03,-
974, of which SOCIAL was in stocks
and S43,833 in bonds. This was con-
trary to the record on all exchanges
which showed a decrease in May
from April, the report said.
Total stock sales on all registered
exchanges in May were 1853 $50
shares, a decrease of STA per cent
from Aprils total Total principal
amount of bonds sold was $160,552,-
600, a decrease Of 80 per cent from
April.
McLachlen Heads Committee.
A. M. McLachlen, vice president
and treasurer of the McLachlen
Banking Corp, who was recently
selected as chairman of the Advisory
Committee of Washington Chapter,
American Institute of Banking, will
be assisted by the following bankers
during the ensuing year:
Howard Moran, vice president,
American Security e. Trust Co.; J.
Frank Campbell, president, Ana
costa Bank; Thomas J. Groom, ex-
ecutive vice president and cashier
Bank of Commerce & Savings; A.
Scott Offutt, vice president, City
Bank; Frank j. Stryker, president,
Columbia National Bank; Wilmer j.
Waller, vice president and cashier
Hamilton National; j. Thilman Hen
drlck. senior partner, w. B. Hibbs &
Co.; M. F. Calnan, president, Liberty
National; James A. Soper, vice presi-
dent and cashier, Lincoln National;
Lanler P. McLachlen, president, Nc
Lachlen Banking Corp; Willard c.
Barker, president, Morris Plan Bank:
G. H. Pope, president, Munsey Trust
Co., j. Frank White. president. Ma
tlonal Bank of Washington; H. H.
Mckee, president, National Capital
Bank; G. F. Jacobsen, president,
National Metropolitan Bank; David
Bornet, vice president, National Saw
ings & Trust Co.; Robert V. Fleming.
president, Riggs National; John A.
Reilly, president, Second National;
Joseph Fitzpatrick, assistant cashier,
Second National Bank; Francis G..
Addison, jr., president, Security Saw
1ngs & Commercial Bank: T. Hun
ton Leith, vice president and cashier.
Security Savings & Commercial
Bank; Frederick P. H. Siddons, sec
rotary, American Security & Trust
Co. and Harry G. Meem, president.
Washington Loan & Trust Co.
A. B. A. Speakers Announced.
Pat Harrison, United States Sena-
tor from Mississippi. will discuss
Federal fiscal policies at the annual
convention of the American Bankers
Association to be held at Seattle
September 1928, according to an
nouncement by Philip A. Benson,
president of the association.
Other speakers include DR.. Bruce
r. Baxter, president of willamette
University, Salem, Greg who will
deliver an address on Courage for
Tomorrow; H. Donald Campbell,
president, Chase National Bank, New
York, who will discuss THE Future
OF the Metropolitan Bank" and Ell.
Pearce, executive vice president.
Union National Bank Marquette,
Mich. who will take the perspective
OF The Future of the Country
Bank"
Thorn Plans Extended Cruise.
Corcoran Thorn, president of the
american Security & Trust Co., will
leave Washington Wednesday for
New York, where he will sail for the
North Capes for a visit to the Land
OF the Midnight Sun" He will spend
considerable time in Norway, stop in
scotland on the return trip and be
back in Washington early in Sep
TENDER
Edward L. Hillyer, vice president
OF the Union Trust Co. and a former
president Of the Washington Stock
Exchange, has returned from short
visit to the Worlds Fair.
Irving zirpel, secretary and as
slstant trust officer of the Union
Trust Co., has gone to Tall Timbers,
IN Maryland, to pass months vaca-
ton
Howard Moran, vice president of
the American Security & Trust Co.,
was back at his desk today after
taking his annual vacation.
j. Byron Brooks, an assistant
cashier of the Riggs National Bank,
and F. G. Burrough, an assistant
vice president, began their annual
vacations today.
Julian Baber one of the executive
officers of the Secret Service, has re-
turned to the Capital from Western
trip during which he addressed sew
eral State bankers associations on
the subject the best ways of detect
ing counterfeit money and those who
use it.
Heard in Financial District.
New York Stock Exchange officers
had an extra large attendance today
on account of the holiday in the Gov
eminent departments which enabled
many traders to watch the translux
instead of using the telephone.
Directors of the Terminal Refrig-
Grating q Warehousing Corp, have
declared the regular semi-annual
dividend of $3.50 per share. The last
sale of the stock on the Washington
Exchange was made at 81, which
means an annual yield of 483 per
cent.
Underwater Associated Oil CO. Just
got under the wire with its registra-
ton of $50 100000 of debentures and
notes with the S. E. C. Friday. An
other day and the year-end state
ment would have been out-dated.
Capital Traction IS were strong on
the Washington Stock Exchange to-
day, $1,000 transfer being reported
at 94A, new 1899 high mark.
1t was announced that the WASH
ington Exchange will be closed to-