Evening star., 1939-03-21
Hoskinson Appoints
General Committee
For Bank Conc|aye
D. G. Financial Leaders
To Plan Convention
+ At Hot Springs
By EDWARD STONE,

President Hilleary c. Hoskinson OF
the District of Columbia Bankers
Association today announced ap-
pointment of the complete General
Convention Committee for the an
nual gathering at Hot Springs. Va,
June 8-1l, the highest bank officials
in the city being included in the
list. In addition to General Chair
man John A. Reilly and Vice Chair
man c. F. Jacobsen, the personnel
of the committee is composed of the
following bank presidents and other
financiers:
Corcoran Thorn. president, Amer
lean Security g. Trust Co.; j. Frank
Campbell, president, Anacostia
Bank; M. D. Rosenberg, president,
Bank of Commerce e. Savings;
Clarence F. Burton, president, City
Bank; Frank j. Stryker, president,
Columbia National; S. Wilson Earn
shaw, secretary and treasurer, East
Washington Savings Bank: E. c.
Graham, president, Hamilton Ma
tional; j. Thilman Hendrick, SEN
ior partner, w. B. Hibbs e. Co.; M. F.
Calnan, president. Liberty National.
Floyd E. Davis. president, Lin
coin National; Lanier P. McLach-
len, president. McLachlen Banking
Corp; Willard G. Barker, president,
Morris Plan Bank; C. H. Pope, pres
ident, Munsey Trust Co.; j. Frank
White, president, National Bank of
Washington; H. H. Mckee, presi-
dent, National Capital; H. Prescott
Galley, president, National Savings
e. Trust Co.; Robert V. Fleming.
president, Riggs National; Francis
G. Addison, jr., president, Security
Savings & Commercial Bank;
Ord Preston, president, Union
Trust Co.; Harry G. Meem, presi-
dent, Washington Loan & Trust
Co.: John E. Fowler, president, Ar
lington Trust Co.; George P. Sacks,
president, Bank of Bethesda; and
T. Howard Duckett, president, Prince
Georges Bank e. Trust Co., Hyatts-
vile.
900 Reservations Reported.
The committee in charge of the
ninth annual banquet of the District
Building and Loan League, booked
for Saturday night at the MayfoWer
Hotel, reported today that the at
tendance will be the largest on rec
ord, 600 reservations already having
been received. Chairman Fred A.
Smith of the Entertainment Com
mittee, promises the best bill yet.
The general chairman is Martin A.
Cook.
The list of prominent guests has
also been announced, this including
Frank w. Hancock, jr., of the Fed
eral Home Loan Bank Board, Rep
sentative Everett Dirksen of Iui-
nois, Senator William H. King of
Utah, o. K. La Rogue of the Federal
Home Loan Bank, Winston Salem;
N. C. Francis G. Addison, jr., presi-
dent of the Washington Board of
lun, new president-elect of the Mer-
chants and Manufacturers Associa-
ton: Maj Francis Clark F. A. Gun
ther, William P. Folger, Roger
Whiteford. Commissioner Melvin
Hazen, Ralph Fleharty. Francis A.
Murray, president of the Washing
ton Real Estate Board, and Linus
A. Kelly.
Insured Mortgages Rise.
Home mortgages in the District
Of Columbia accepted for insurance
by the Federal Housing Administra-
ton in January were three times
as numerous as in the corresponding
month a year ago, according to the
latest F. H. A. report
In the first month of this year
the number of insured mortgages
stepped up to 25 amounting to S149,-
600, from only eight a year ago,
amounting to s44 800. This increase
from the viewpoint of percentage
gains is much higher than the ma
tional average. The report adds
that a high percentage of the ac-
cepted mortgages represented new
construction.
Maryland insured mortgages num-
bered 139, involving $645 900, in COM
parison with 81 mortgages, amount
ing to $377 500. in January of last
year. Virginia's record was not so
outstanding, the number reaching
116, against 106 a year ago and
amounting to s547 900, against $475,-
700 in the same 1888 month.
Loan Association Year Old.
In connection with the first ami
versary of the First Federal Saw
ings e. Loan Association, which was
reached this month, Executive Vice
President C. H. Ellingson reports
that nearly all the 1880 depositors
in the old Fidelity Association called
at the Office to make an adjustment
of their accounts. the major portion
transferring their accounts to the
new institution. 1t will be recalled
that the new concern took over the
Fidelity assets.
During the year just ended
patrons invested $l.967 $50 with the
new organization. During the same
period the First Federal placed on
the books total of $2,342 ,932 in new
first mortgage loans on homes in the
Capital and nearby territory.
Today's Trading on Exchange.
The foreign situation, elevation of
the chairman of the Securities Com
mission or lack of orders at present
prices. held down trading on the
Washington Stock Exchange today.
Washington Railway & Electric pre-
ferred stock furnished the days only
sale. five shares moving at 1929.
The bid on Capital Transit stock
was moved up to 3 today, with 8l2
asked and no sales. Bonds were
quiet with bid and asked prices un-
changed.
Both Woodward g. Lothrop issues,
American Telephone. Bank of Com
merce e. Savings and Peoples Drug
Stores common stock are to pay
dividends shortly.
Heard in Financial District.
Many compliments were heard in
the financial district todav on the