Evening star., 1940-06-17

March ----- 1,4S3,82O 1,215,793
April ------- 1,352,783 1,159,110
May -------- 1,U67,384 961 ,674
d. c. Bankers Enter Rutgers.
Seventeen fianciers from WASH
ington entered the Graduate School
of Banking at Rutgers University
today, larger delegation than, was
enrolled from the banks in % of the
States The list includes:
Dierkpoh, John M. Christie, Corco-
ran Thorn, jr., and Robert v. Melle-
font. from the Riggs National Bank;
Paul j. Seltzer, American Security
& Trust Co.; Bernard L. Amiss and
George o. SchWeinhaut, Washing
ton Loan & Trust Co.; Kenneth O.
Hulse, Hamilton National; Francis
E. Robey and John E. Monk, Bank
of Commerce & Savings; Joseph r..
Fitzpatrick, Second National; and
Willard G. McGraw, Union Trust Co.
The Federal Reserve Board is
being represented by Frederic Solo
mon, j. Fred English, J. E. Horbett
and S. r. Carpenter. Several of the
Washington members will graduate
this year, while others are entering
the graduate school as freshmen,
the new class numbering 249; sec
ond year, 2l7. and senior, 232. To-
tai enrolment is 698, largest on
record
The school, under the A. B. A., is
conducted for bank executives. The
intensive resident work continues
for two weeks, after which the
courses are carried on at home.
Among the students this year are
81 bank presidents, 81 vice preSi-
dents, 18 trust officers, 81 assistant
trust officers, 81 cashiers. 140 as
sistant cashiers, IS treasurers, 81
assistant treasurers, 33 bank eX-
aminers, IS auditors and 2l0 other
bank officers.
Tension High in Boardrooms.
Tension was very high in the
New York Stock Exchange Offices
in the financial district today.
Early trading saw stocks sell off
heavily. Traders commented on
the fact that stocks did not break
as severely today as they did about
month ago, although today's war
news was 10 times as bad as it was
trading today, the tape moved very
slowly, traders and investors evi-
dently awaiting more details on the
war situation. All financial notes
were scanned with unusual eager
ness
The Safe Deposit Section of the
District Bankers Association, T.
Eugene Elgin, chairman, will hold
its annual meeting Wednesday, June
26, at MAYORS Sea Food Restaurant,
951 Maine avenue SW. Officers for
the coming year will be elected.
Other present officers are Eva Rick
er, vice chairman; Sophia Karydakis,
secretary; Guy D. CoWl, Jesse S.
Cheyney, executive council members.
The annual meeting of the Dis
trict of Columbia Institute of Ger
titled Public Accountants will be
held at the Congressional Club on
the evening of June "a. Election
of three members of the Board of
Governors will follow an afternoon
of golf and other outdoor sports
offered by the club.
Herbert Faulkner, president of
Washington Chapter. American Saw
jngs and Loan Institute, will pre-
side at tonights dinner and gradua-
tion exercises at the Congressional
Country Club, among the guests
being William N. Payne, jr., presi-
dent of the District Building and
Loan League; Frank Hancock,
member, and David Fort, assistant
governor of the Home Loan Bank
Board.
New Council Takes Up Duties.
The council of administration of
the District Bankers Association has
taken up the work for the coming
year and will guide association af
fairs for the next IL months. Fol-
lowing changes made at the annual
convention, the council is now COM
posed of:
A. NJ McLachlen, association pres
ident; T. Stanley Holland, first vice
president; John A. Reilly second
vice president: A. Scott Offutt, third
vice president: A. S. Galley. treas
urer; Ord Preston, immediate past
PRESIDENT; Wilmer j. Waller. men,
ber of the executive council of the
A. B. A.: F.. G. Addison, jr.; Stanley
D. Willis, Thomas j. Groom and
H. T. Bisselle, all elected at the 1910
convention.
Today's Trading on Exchange.
Forty shares of Washington Rail-
way & Electric preferred sold at
100 on the Washington Stock Ex-
change today, highest price in weeks.
The last previous sale was made
at 1071a.
Capital Traction SIS opened with a
$500 transfer at SO, followed by the
sale of a $1,000 bond at 9812, same
as last weeks close.
Thirty shares of Capital Transit
stock sold today at IL, ex-dividend
and unchanged. Five shares of
Potomac Electric Power 6 per cent
preferred moved at 112, also un-
changed.
Stocks on the exchange soon to
pay dividends, which have already
been declared, are American Tele-
phone, Capital Transit, Carpet Corp,
Garflnckel preferred, Peoples Drug
common and Woodward & Lothrop
preferred and common.
Noting business trend that may
be described as the beginning of a
war prosperity" Henry H. Heimann,
executive manager of the National
Association of Credit Men, declares
in the associations monthly business
review received here today, that
"any prosperity built upon a war
basis, necessary as such business
activity is, not only is unsound but
usually stores up future business
problems.