Evening star., 1939-06-02
Bankers Convention
Attendance May
Exceed 1888 Mark
Final Reservations
For Annual Session
Coming In Rapidly
BY EDWARD c. STONE.

Final reservations for the annual
convention of the District Bankers
Association, which opens at Hot
Springs, Va, next Thursday, indi-
Gates that the attendance this year
will exceed the record year ago
I'VE hope and expect that the
attendance will be slightly larger
than last year" President Hilleary
G.. Hoskinson said today.
The Transportation Committee. of
which Willard G. Barker president
of the Morris Plan Bank, is chair
man, has been very busy during the
past few days receiving and record
ing the last minute reservation re-
quests. The attendance last year
was 234. This year it should be
about 24o.
Preston Delano Controller of the
Currency. will be among the guests.
Mariner S. Eccles, chairman of the
Federal Reserve Board Governors,
who has attended several of the
associations conventions, will be
with the party again this year.
Busy Program Arranged.
According to present plans, Presi-
dent Hoskinson will open the con-
vention, make his annual address
and preside at the first days
session. Invocation will be offered
by the Rev. Ambrose Beavin, rec
tor of St. Lukes Episcopal Church
at Hot Springs.
The first main address will be
given by Constantine Brown, for
eign commentator of The WASH
ington Star, on "Whither The
World The report of the Credit
Bureau will be presented by Chair
man S. William Miller, Union Trust
Company. Committee appointments
and other reports will complete
the first days doings.
Ord Preston. first vice president,
will preside at the second days ses-
sion. The report on commercial
trade activities will be presented by
William B. Willard, committee
chairman and vice president of the
National Savings e. Trust Co.
Francis G. Addison, jr., president of
the Security Savings & Commercial
Bank, will report for the Commit
tee on Law and Legislation.
The second days special addresses
will be presented by Harry j. Kane,
vice president and title officer of the
Columbia Title Insurance Co, and
Albert w. Atwood, widely known
magazine writer. Various resolutions
will also be presented. at the close
of the session.
Election on Third Day.
A. M. McLachlen, second vice
president, will conduct the third
days program. The main address
will be given by A. L. M. Virgins,
Hartsville, S. c.. banker, on "Busi-
ness Men and Government.
Joseph R. Fitzpatrick, retiring
president of the Washington Chap
ter, American Institute of Banking,
will make his report, and Arthur E.
Meade will read his winning essay
in the annual contest for Institute
members. Many reports are slated
for the third day, with the election
of officers as the grand wind-up.
Representatives. of the District
Bankers Association in the American
Bankers Association are also elected
during the Saturday morning con-
Clave.
The family dinner" takes place
Saturday night when the sports
honorS are awarded
WashingtOnians at COnclave.
The 9th annual meeting of the
Manufacturing Chemists Associa-
ton of the United States opened
two-day session at Skytop, Pa, to-
day, with five Washington repre-
sentatives present-W. F.'Sterling,
United States Tariff Commission;
Rollin H. Cragg. Capt. Gerson
Heiss, Warren N. Watson and N. F.
Grass, jr.
Charles F. Kettering, General Mo-
tors Research Division, was the
leading speaker at the opening ses-
sion. DR.. Robert c. Clothier. presi-
dent of Rutgers University was on
the program to address the annual
banquet tonight.
Sharp Travel Pickup Seen.
A substantial increase in the num-
Der OF requests for routingS. indica-
tive of generally improved business
conditions, is reported by the Key
stone Automobile Club here. George
E. keneipp, club manager. stated
today that on the basis of Keystone
Touring Bureau activity, travel
volume this summer will be very
much greater than it was at the
corresponding period of 1888.
An increase in membership also
indicates an impressive improve
ment in the economic situation as
q whole, Mr.. Keneipp said.
Fogartv Meets President.
James F. Fogarty, president of the
North American Co., of which three
Washington utilities are units, was
among eight industrialists who spent
last evening at the White House
reporting on business conditions to
President Roosevelt and offering
suggestions on ways of improving
the business situation. Mr.. Fogarty
is also attending a tWo-day session
of the Business Advisory Council.
A review of the action of New
York Bank stocks during May, by
Holt, Ross e. TroSter, shows that the
quotations on these issues advanced
substantially during the month. The
average of II leading issues opened
the month at 42.54, reached a high
mark of Abb and closed the month
at 4729, for net gain of over
6 points, or Is per cent. These issues
are widely held IN the Capital
Transit Makes New 1889 Peak.
Capital Transit stock scored a
new 1899 peak on the Washington
Stock Exchange today, when 13
shares sold at 1872, an advance of
half point from the previous high
mark The stock closed with 1871