Evening star., 1941-04-22
--- 5,179,O77 4,93O,844
Auditors Conclave Praised.

Auditors Conclave Praised.
WASHINGTON bankers are back at
their desks after attending the re-
eional conference of the National
Association of Bank Auditors and
Controllers held in Boston at the
4 end of the week.
( More than 300 auditors and con-
e trollers attended the sessions which
local bankers say were among the
most interesting yet held. Tech
nical subjects of vital Importance
1 to both controllers and auditors
4 made up the program.
Z From the auditors section of the
( District Bankers Association those
attending the conference included
William B. Mehler, il, City Bank,
section chairman; Raymond u.
Marx and Daniel D. Whitcraft,
Riggs National: Gerald E. Keene,
Second National; H. Norman
Glasco, Union Trust Co.; Audley A.
P. Savage, National Savings & Trust
Co: Lewis E. Thomas, Liberty Ma
tional: Harry E. Downey, Washing
L
w. Denison, Bank of Commerce &
Savings.
J. Forbes Campbell of the Fed
eral Deposit Insurance Corp. was
also a member of the Washington
party.
Defense Bonds Special Topic.
Members of the District Bankers
cY0oRia1
meeting tomorrow afternoon at 3:15
O'Clock in the American Security
Building to hear a report OF the spe-
cial committee which has summar-
ized the Treasury regulations on
defense savings bonds. The COM
rnittee is made up of F. P. H. Sid
dons, r. j. Dooley and Nelson B.
ONeal. Following their report they
will answer any questions that may
come up. =.
B. M. Edwards, assistant to the
Secretary of the Treasury, will also
be present to answer relevant ques-
tions. He is connected with the Of
fees in the Washington Building
where the Treasury is doing great
deal of preliminary work for the
drive opening May l.
The bankers will also consider a
proposal for cooperative advertising
of the defense bonds. President A.
M. McLachlen will preside.
Trade Leaders to Meet Here.
Defense as it affects civil opera
tions is the theme selected by the
American Trade Association Execu-
tives for its Semiannual meeting at
the Mayflower Hotel next Monday,
which will be attended by several
hundred executives representing nu-
merous industries and trades di-
rectly and indirectly affected by
defense activities.
officials of the Office of Produc-
ton Management, the Army and
Navy Munitions Board, War Depart
ment, Department of Labor and
Department of Commerce will par
ticipate in the meeting.
Secretary of Commerce Jesse H.
Jones will present the annual award |
for trade association achievement
and Senator Joseph c. O'Mahoney |
Is among the speakers.
Upham to Address Bankers.
Cyril B. Upham, first deputy con-
troller of the currency, will address
group Ill of the New York State |
Bankers Association at Ithaca next
Saturday on The Importance of
the National Banking System"
Eliot H Thomson, of the WASH |
ington Loan & Trust Co. will speak |
at the spring meeting of the Pied !
mont Clearing House Association, |
at Madison Court House, Va, Friday |
of this week, on Public Relations"
Giles H Miller, jr., is chairman of
the Program Committee.
Revenues from safe deposit box
compared with the same month last
year, the Bureau of Internal Rev.
enue reports. Leases of safe de-
posit boxes amounted to $198, 400 in
March, 194l, as compared with
$166,12 March, 1910.
Traction Bonds are Firm.
Interest on the Washington Stock
Exchange today centered in Capital
Traction SIS which were again strong,
registering $4,000 and $500 sales at
1861: close to the high mark for
the year in this issue.
Garfnckel common stock appeared
on the board today, a small lot
changing ownership at 10&. The
last previous sale was made at II,
at which price the stock yields 6.5l
per cent.
The bid for Washington Railway
& Electric common has dropped to
$3.50 a share, due to the drop in the
bid for w. r. & E. common stock
participating units which were re-
Gently distributed by the North
American Co. in dividend pay
ment.
Holders of North American stock
wishing cash sold the units so
rapidly that the price went down.
This lowered the bid for railway
common. The asked price is now
$700 share.
/. c. c. Freight Study Urged.
Complicated problems as to the
proper status of freight forwarders
and the question whether there is
need for public regulation of their
operations will be presented by the
Transportation Committee of the
Chamber of Commerce of the
United States to the Chambers 29th
annual meeting to be held in Wash
ington next week.