Evening star., 1939-09-12


Chapter officers, governors, instruc-
tors, committee chairmen and con-
suls. Edward NJ Blaiklock, Wash
ington Loan & Trust Co., chairman
of the Education Committee, will
preside.
The guest speaker is past presi-
dent of Baltimore Chapter and
national associate executive council
man. Brief talks will also be made
by Ord Preston, president of the
District Bankers Association; Fran
els E. Robey, chapter president;
Raymond B. Dickey, dean of the
faculty; J. Earle McGeary. pro-
gram chairman: Kenneth Birgfeld,
chief consul, and John M. Christie,
chairman Membership Committee.
Initial Dividend Declared.
Directors of the Annapolis Indus
trial Loan Co., newest addition to
the chain of industrial loan COM
panies operated in the District and
nearby States by the Southeastern
Industrial Bankers, Inc, today an
nounced the first quarterly dividend
pdyIICllt Oll PCA SSAie PASASiASA
stock, to be made october 10 to
stockholders of record September 80.
Directors of the General Electric
Co. have declared dividend of
25 cents per share on the common
stock, payable October 25 to stock
of record September %, same as paid
on April 25 and July 25 of this year.
The stock is widely held in Wash
ington.
Strong pleas for definite savings
and the extension of a great many
more personal loans were heard at
the convention of the National Ad-
vertisers' Association at Toronto
yesterday. The banks were urged
to render more personal services,
even if some of them don't return
any revenues.
Delegates at Convention.
Fourteen representatives OF the
Washington Office Of the New York
Life Insurance Co. are attending the
club convention at the Hotel Dennis,
Atlantic City. The sessions opened
yesterday The delegation:
c. E. Tuchton. David SamakoW,
Ralph Cipriano, Frank C. Jude, John
P. Lynch, Miss Alma McCrum, Meyer
Taske, Carl H. Reisinger, Leo c.
LLOYD, R. C. Satterfleld, James P.
Chipouras. Walter C. Pangle, w. FL
wood Baker and Miss Josephine M.
Woods.
Able Speakers on Program.
Lionel L. Edie, New York econo-
mist, will be one of the best known
speakers at the annual convention of
the Investment Bankers Association,
at Del Monte, Calf, October 9-13, it
was announced here today. Other
speakers will include James l.. Beebe,
Los Angeles attorney; Everett D.
Marin, California college professor,
and Francis E. rockingham, Boston,
a former president of the association.
The fast-growing practice of
financing municipal government
projects through the issuance of
revenue bonds" payable out of in
come to be derived from the under
taking, will be discussed by John S.
Clark of Cleveland, chairman Of
ties Committee.
AS customary, the associations
standing committee, several of which
conduct research in their respective
fields throughout the year, will re-
port results of their surveys.
Y. E. Booker was one of the first
Washington investment bankers to
AL 10 OF
Coast meeting
Heard in Financial District.
Figures assembled by the Virginia
State Industrial Commission lndl-
cate a business boom is under way in
the Old Dominion State. Employ
ment in Virginia in August was II
per cent higher than a year ago,
the report stated, with industrial
plants taking the lead,
Opinions expressed in the crowd
ed brokerage Offices here appear
unanimous in favor of lifting the
embargo against the shipment OF
war munitions to foreign nations.
The recent sensational advance in
war stocks has been predicated on
the expectation of such action by
Congress. While stocks were churn-
ing about today. interest in the mar
ket was unabated.
On the Washington Stock Ex-
change today 20 shares of Peoples
Drug Stores common sold at "a, ex
dividend. The usual 25-cent quar-
terly dividend is to be paid shortly.
Peoples Drug Stores preferred
stock will be stricken from the
Washington exchange on September
Is, the stock having been called for
redemption on that date. The books
have already been closed. The last