Evening star., 1941-05-05


Baltimore association are sponsoring
the conference.
In addition to Washington and
Baltimore members, HagerstoWn,
Cumberland and Frederick are max
ing up delegations, $50 being eX-
pected. Instead of having million
dollar producers" tell their ex-
periences, the program will be de-
voted to practical ideas for daily
use by the average agent, Mr.. De
-Four said.
Baldwin B. Bane, director of reg
istration, Securities and Exchange
Commission, will be among the
speakers and Carroll c. Day of
Oklahoma City will be another. In
1881 he was voted the city's most
useful citizen"
Serving on the Arrangements
Committee are Earle R. Hough,
Lincoln National; Paul w. HAM
mack, Prudential; Warren S. Stone,
New York Life, and Arthur H.
Minor Prudential
Bank Joins d. c. Association.
The Suburban National Bank of
Silver Spring, Md, which has a
branch at Takoma Park. has become
an associate member of the District
Bankers Association, it was learned
in the financial district today.
The banks officers include T.
Howard Duckett, chairman of the
board; Bladen j. Darneille. presi-
dent; Fred L. Lutes. executive vice
president; James H. CiSsel, vice
president; E. V. Crittenden, vice
president; George j. Day. cashier;
Ira c. Whitacre, H. c. McCeney,
assistant cashier; Charles J. Sincell,
Edward c. Holmead and Warren E.
Lawson, assistant cashiers.
The Suburban National will now
have the benefit of all bulletins and
other information sent out by the
Bankers Association, and employees
attending the American Institute
of Banking will get the lower tut
ton rate.
Three other suburban banks also
are associate Misunderstanding
Trust Co., Bank of Bethesda and
Prince Georges Bank & Trust Co.
Bankers Off to Convention.
Five Washington bankers-Robert
Y. Fleming, president of Riggs Ma
tional; Sidney F. Tahaferro, trust
officer in the same institution;
Joshua Evans, jr., and Wilmer j.
Waller, vice presidents of the Ham,
lton National, and F. P. H. Sid
donS. secretary of the American
Security & Trust Co.-are attending
the 30th annual convention of the
Association of Reserve City Bankers
at Hershey, Pa.
More than 375 members are eX-
pected at the meeting, which con-
tinues through Wednesday. The
program covers problems of bank
management and a host of other
questions now requiring special at
tention. The association president
Is Harold v. Amberg, vice president,
First National Bank of Chicago.
Mergenthaler Orders Large.
Facts and Figures on Washington
Securities, just published, says that
while the Mergenthaler Linotype
has made no reports on earnings
for the first six months of the fiscal
year, it is known that the company
has received substantial orders in
connection with the armament pro-
gram.
published reports in financial
journals" the review says, ''indi-
cate that these orders aggregate
between $6,OO0,0OO and S8OOO,OOO.
Since this business is in addition to
the company's regular business of
manufacturing linotype machines,
1t doubtless will add substantially to
the company's earnings.
1t appears probable" says the
Booker publication, that this out
side business will continue over a
period of years"
Bank Loans on Increase.
Resources of 172 insured COM
mercial banks in Maryland totaled
$806, ,56C 900 on December 81, 1910,
the Federal Deposit Insurance Corp.
announced today. Deposits in the
insured banks were listed as S738,-
727,O0O.
Loans and discounts of the re-
porting banks amounted to $780,
727,000. an increase of $18,671 900
over December 81, 1899.
Resources of the 312 insured COM
n1ercial banks in Virginia totaled
$794, ,800,0 600 on December 81, 1910,
and deposits were listed as $685.
466,OOO.
Loans and discounts amounted to
3,043, 900, an increase of $50, O,991,-
900 over the December 81, 1899.
total.
Today's Trading on Exchange.
Capital Traction SIS led trading
on the Washington Stock Exchange
today when two 81 900 and one $500
sale were recorded at 10412, against
the last previous transfer at 1045s.
Capital Transit stock appeared on
the board, small sale taking place
at II, up u a point. Potomac Elec-
trio Power 512 per cent preferred
came out at Ill and small sale of
6 per cent preferred registered 1854.
Washington Loan & Trust stock
appeared on the board at 224, off
from the last sale.
Heard in Financial District.
From January l through April
rs, department store sales in the
Richmond district gained 81 per
cent over the like 1910 period. This
was the best gain in any of the
II reserve districts, the Federal Re-
serve Board reports
Dealers here we're pleased with
the report by the Securities and
Exchange Commission that nearly
$500 100000 more of securities were
registered during the first quarter
of 1941 than in the same period a
year ago.