Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-14

goods.
He said that while extremely few
BUYERS may ever mention having
seen the merchants advertising,
this should not be misconstrued as
indicating lack of reader attention,
and referred to products once pop
ular but now forgotten because the
reminding support OF advertising
had been withdrawn.
Mr.. Gamble, who served as pub
licity chairman of last years Annual
Message of Life Insurance, said that
approximately 800 newspapers were
used in advertising life insurance at
that time.
District Bankers Honored. -
The official list of committees,
councils and commissions OF the
American Bankers Associations Tor
l94O-1. reaching Washington today,
shows several Capital bankers in the
roster. Charles H. Doing, vice
president of the washington Loan
& Trust Co., and Sidney F. Talia-
ferro, vice president and trust officer
Riggs National Bank, are members
of the Committee on Federal Legls-
lation, and most important MEM
Der is D. J. Needham, general coun-
sci of the A. B. A, whose office is in
the Washington Building.
Mr.. Taliaferro is also chairman
OF Federal legislation for the trust
division, and Mr.. Doing is also
a member of the Executive Com
mittees' Subcommittee on Bank
suptcy.
Wilmer J. Waller, vice president
and cashier of the Hamilton Ma
tional Bank, is member OF the
Federal Legislation Council, which
includes one member from every
State and the District of Colum-
bia. Mr.. Waller is also member of
the State Legislative Council
George o. Vass, vice president
and cashier, Riggs National, is again
q member of the Public Relations
Council.
Ord Preston, president of the
Union Trust Co., appears among
the A. B. A. State vice presidents,
representing the District of Co.
lumbia.
Dealers Seek Uniform Rules.
Robert B. Hobbs of w. w. Lana
han & Co., Baltimore, is in Wash
ington today to represent District
No. II at a meeting of the Uniform
Practice Committee of the National
Association of Securities Dealers.
District No. II includes the District
of Columbia. Maryland, North Caro-
lima, Virginia and West Virginia.
National standards for trade prac-
tees in the he-counter securi-
ties business move a step nearer as
this committee meets to 60 over, dis
cuss and formulate recommended
tions on a comprehensive set of reg
ulations. The uniform practice
standards, which have already been
drawn up in draft form, will govern
trading throughout the entire coun-
try, allowing only such variations as
are essential locally. 1t is antici-
pated that these standards will be
put into effect in the near future.
Trade practices relate to such
matters in the securities business
as technical details of trading, de-
livery of securities, payment of divi-
dends, close-out procedure, COM
putation of interest, and when-as-
and-if issued trading.
Today's Trading on Exchange.
Washington Gas Light SIS figured
in $500 transfer on the Washington
Stock Exchange today at 129, COM
pared with the last previous sale
at 100. These are the highest priced
bonds on the exchange and have
sold as high as 1922 this year.
Washington Gas Light common
stock is now being quoted eX divi-
dend on the exchange at "a bid and
Is asked. The regular quarterly
dividend will be paid in few days
Financial District Comment.
George E. Fleming, vice president
and assistant trust officer of the
Union Trust Co., is back at his desk
after a months vacation. the latter
part of which was spent in a motor
trip through the Great Smokey
Mountains and visit at Asheville.
Philip w. Russell, senior partner
of Fenner g. Beane, brokerage firm,
urged uniform State regulation of
the securities business in an address
before the National Association of
Securities Commissioners, Tin order
to facilitate the flow of capital into
channels of national defense and
into new enterprises"