Evening star., 1939-09-10

Leu - SioW"Ss cluCl 0u~
pervision of the Fiduciary Activities
of Financial Institutions"
l.. w. Barlow of Richmond will
&c another speaker, and George
Ward, West Virginia commissioner
of banking, will appear on the
program.
Edward A. Wayne. chief bank ex-
aminer of South Carolina, is also
on the list.
Saturday Sessions Resumed.
Saturday sessions of the Wash
ington Stock Exchange were re-
sumed yesterday for the first time
since last June. Business was con-
fined to one issue, Is shares Of
Washington Railway G Electric
preferred stock appearing on the
board at 1862, unchanged from
sales earlier in the week.
The largest sale of the week was
a 50-share transfer in Mergenthaler
Linotype at II. off half point from
the last previous transaction. Bank
stocks gripped attention at Arm
prices The bid for Washington
Gas Light common stock, now so
much In the limelight because of
the recent large public offering,
dropped to 26 during the week, with
~ asked.
Exchange members point with
pride to the steadiness of prices
during a time when other markets
have been so erratic. With no war
Babis" on the board, the exchange
is almost wholly an investment mar
ket. Many yields are particularly
favorable.
Building Loans Make Record.
Reporting the most active July
from loan standpoint since 1890,
building and loan associations
throughout the country advanced
$85,172,00O to home owners during
the month, % per cent above the
amount loaned in July, 1898, Ac-
cording to A. D. Theobald, United
States Building and Loan League
official. more than Sc per cent Of
July volume was distributed to start
families on the way to home owner
ship. In keeping with this activity,
Washington building and loan as
sociations report steady stream
of loan applications.
Edward @. Baltz, secretary of the
Perpetual Building Association and
past president of the United States
League, stated last night that the
47th annual convention to be held
September 27-29 at Atlantic City
will find building and loan men
geared to take advantage of the tre-
mendous upward swing in housing.
Clarence T. Rice of Kansas City,
Kans., president of the national body,
has called meeting of the govern
ing committees in Atlantic City
prior to the convention and it is
expected that Mr., Baltz, with C. Clin-
ton James, Carl J. Bergman and
several other local leaders will be
present.
Receiver Entertains STATS.
Stats of the Commercial National
Bank, Federal-American National
Bank & Trust Co., United States
SuNAiSo odIlA, llIUCI IdtlOIldl IA~
change Bank, Bank of BrightWood
and the Industrial Savings Bank
were the guests last evening of the
Receiver and Mrs. Frederick j.
Young on a cruise down the Poto-
mac aboard the power cruiser
Havanah, which Mr.. Young char
tered for the occasion.
In the party were Mr.. and Mrs.
Young, Raymond Lochte, Mr.. and
Mrs. Spencer Usilton, Mr.. and Mrs.
Jesse Wilson, Mr.. and Mrs. Harvey
Bleam, Miss Mildred Paul, Miss
Margaret Macdonald. Clark Harris,
Miss Sylvia Baiardo, Mr.. and Mrs, E.
Leonardo, Mr.. and Mrs. Raymond
A. Newman, Mr.. and Mrs. John
Curtin. Miss Frances Burke, Miss
Vida M. Robbins, Mr.. and Mrs. Ward
Stevenson, Mrs. Rhoda v. Peters and
q number Of invited guests.
Financial District Comment.
Robert L. Flather, assistant Secre-
tary of the American Security, left
here yesterday for Toronto to attend
the gath annual convention of the
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