Evening star., 1940-12-02

S~dHshnsos1oee1eceoesoSaa
devoted to the
H. G. Moulton. finances of State
and municipal governments, the
chief speaker being Gov. John w
Bricker of Ohio. Elmo B. Roper, jr.
director of a magazine survey OF
public opinion, who directed the
survey conducted by the New York
Stock Exchange last year, also will
appear on the program.
Charles S. Garland. who is or
leave from Alexander Brown q
Sons, Baltimore, to serve as finan-
cial advisor to the industrial ma
terials division of the National De-
fense Advisory Commission, will
give a Progress Report on the
Work of the Commission" He is
a partner in the veteran investment
firm. DR.. Virgil Jordan OF New
York will consider national defense
capital needs.
The Washington delegation, as
now being made up, includes some
of the leading investment bankers
in the city. President Emmett F
Connely will preside at the gen.
eral sessions. Officers will be elected
on Friday.
Investment Dealers Nominated.
The National Association of Sc
curities Dealers yesterday an
nounced the nomination of Howard
z. Demuth of Mackubin, Legg &
Co., Baltimore, and L. Gordon
Miller of Miller & Patterson, Rich
nond, as candidates for member
ship on District Committee No. IL.
District No. II includes the District
of Columbia, Maryland, North
Carolina, Virginia and West Vir-
ginia.
Mr.. Demuth will succeed Edward
K. Dunn of Baltimore and MIR.
Miller will succeed William Frazier
of Richmond. Mr.. Dunn is at
present vice chairman of the Dis
trict Committee and Mr.. Frazier,
secretary. Additional candidates
may be nominated by 10 per cent
or more of association members in
the District. New committee mem
bers will take Offices as of January
Is, 1941, and will serve for three
years.
District Committee members con-
tinuing in cffice are James Parker
Nolan of Folger, Nolan & Co.,
Washington, chairman; Y. E. Book
er of Y. E. Booker g. Co., Washing
ton; Oscar w. Burnett, Greensboro
and Herbert w. Schaefer, Baltimore.
Deposits Show Increase.
Maryland people placed s891l ,450
in new savings in the az insured
building and loan associations
during the first 10 months of 1910,
1t was announced today by the Fed
eral Savings and Loan Insurance
Corp.
AS of November l, total private
savings in these associations
amounted to s28,23O,OOO as COM
pared with $22,226,0O0 a year ago
During October, sol loans on
homes were made by the institu-
tions for a total amount of S1,764,
46O. IN October, 1899, AL home
loans were reported, amounting to
s1,303,6 $50.
Bank Votes Christmas Bonus.
One of the first Christmas bonuses
to be declared among Washington
banks for the 1910 season was an
nounced today by Clarence F. Burton
president of the City Bank. Directors
of the institution have voted a
holiday bonus varying from one-half
to one months pay, according to
length of service. The disbursement
will be made shortly to both officers
and employees.
Today's report followed announce
ment yesterday by officials of Peoples
Drug Stores, Inc, of the coming
payment of a Christmas bonus
amounting to $4,000. 1t was limited
in other banks today that more
bonuses are to be declared soon.
Banks on New Schedule.
Washington banks adopted new
schedule of business hours today
the main change being in the open
ing time, which has been moved up
to $50. The new hours were adopted
to meet provisions of the wage-hour
law.
Executives of SO life insurance
companies located in all sections of
the country are scheduled to attenc
the second annual meeting of the
Institute of Life Insurance to be
held in the Waldorf Astoria Hotel
New York, Wednesday. The men,
Der companies represent s66,000,-
100000 of life insurance in force in
this country.
The Commerce Department re-
ports that the total dollar volume
of sales of new automobiles in the
first 10 months of this year was
approximately one third larger than
In 1899.
Today's Trading on Exchange.
The first 100-share sale in Capital
Transit stock since the dividend
announcement took place on the
Washington Exchange today at II
unchanged. The market closed with
II bid and 1712 asked.
Small sales in bank stocks were
noted during today's session. Riggs
National common stock sold at 27412
and 275, same as the last previous
sale. Riggs preferred moved at 102
Washington Loan & Trust Co
figured in a small sale at 237, jump
of nine full points over the last
previous transfer, when the stock
Registered 228