Evening star., 1941-06-05
D. {. Men TO Address
Public Accountants
Al Baltimore
Chief Of Washington
Institute to Preside
At Luncheon
BY HAROLD ROGERS.

BY HAROLD ROGERS.
Henry S. Owens of this city, presi-
dent of the District of Columbia
Institute of Certified Public Ac-
countants, will take an active part in
the Middle Atlantic States Account
ing Conference, at Baltimore, where
business sessions will open tomor-
row morning at the Lord Baltimore
Hotel.
Mr.. Owens will preside at lunch
con tomorrow, when he will intro
duce as speakers Dr. Edward Stone
of the Farm Security Administra-
ton and John L. Carey of New
York, secretary of the American In
stitute OF Accountants.
Three other Washingtonians will |
take part IN the conference as
speakers: Andrew ]. Cavanaugh, |
assistant director of the registra-
ton division, Securities and EX-
change Commission; Henry F. Tag
CART of the Office of Price Admin
istration and Civilian Supply, and
Wayne KendriCk, president of the
Board of Accountancy for the Dis
trict of Columbia and member of
the council of the American Insti- |
tute of Accountants.
Bank Trustees Elected.
Fifteen trustees were elected to
serve for the ensuing year at the
annual meeting of shareholders of
the East Washington Savings Bank
yesterday.
They are John C. w. Beall, T.
Earle Bourne, James A. Donohoe, |
G. E. Dunkum, jr; Lewis FIemer, |
John Ford, w. P. c. Hazen, Ernest |
E. Herrell, Edward B. Hughes, ir.;
Francis J. Kane, Henry H. Mckee,
William N. Payne, jr.; William F.
Simpson, Lambert o. Turner and |
William Thomson.
Officers will be elected at the first |
meeting of the new board, Tuesday, |
June 10. 1941.
Outing Official Named.
William N. Payne, jr., president of |
the District of Columbia Building
and Loan League. has appointed C. |
Gay Harrell of the Columbia Fed |
eral Savings & Loan Association |
to serve as chairman of the Golf |
Committee for the third annual out
ing slated to take place at the |
Washington Golf and Country Club |
June 18. Mr.. Harrell stated last |
night that golf occupies a prominent |
place in the days activities, as many |
nf ho I11i oHG iolc
good players, and looks for a large
field.
The entire Outing Committee has
now been appointed and includes |
Chapin B. Bauman. prizes; John j. |
Kolb, refreshments; Carl J. Berg |
mann, arrangements; Wilfred H. |
Blanz, entertainment, and E. J.
Carlson, swimming
About $50 are expected to attend, |
including high-ranking officials from |
the Federal Home Loan Bank, the |
Treasury Department and the |
United States Savings and Loan |
League.
Bridge Bond Bids Asked.
Maryland State Roads Commis-
sion will receive bids at Baltimore |
until 10 am. June II for s6,000000
State of Maryland bridge revenue
refunding bonds, dated June l, 1941,
and due 194251.
Bidders are requested to name
the interest rate in multiples of one
quarter of 10, but not in excess of ,
80. No bid may name more than
three interest rates and all bonds
of any one maturity must bear the
same rate of interest.
Proceeds from sale of the bonds.
together with other moneys in sink
ing fund, will be used to redeem
ell of the outstanding S6000,000
State of Maryland bridge revenue
80 q bonds, dated October l, 1888,
and maturing October l. 1868.
The bonds offered will be payable
from gross revenues, except certain
cost of operation, of the SuSque-
hanna River bridge and the Poto-
mac bridge for construction of which
the outstanding bonds were issued.
Bankers at Conclave.
The annual meeting of the Dis
trict Bankers Association opened
today at Hot Springs, Va, attended
by a large delegation of bankers
and guests from this city, who left
Yesterday afternoon and arrived in
the Virginia city this morning. Ac-
counts of the convention appear
elsewhere in The Star, from Edward
C. Stone, financial editor of The
Star, who is attending the sessions.
Connolly Plan Studied.
Much interest was evinced in
financial circles in the statement
here yesterday by Emmett F. Con-
nelly of Detroit, president of the
Investment Bankers Association,
recommending immediate establish
ment of War Industries Board.
Speaking before the National
American Wholesale Lumber Asso-
cations annual convention, Mr.
Connolly asked for such a board
'under one man who knows produc-
ton as part of a seven-point
program for businessmen to follow
as the best means of winning the
battle of production.
Wholesale Trade Up.
Sales of wholesalers advanced 81
per cent in April over the same
month a year ago, according to an
nouncement by J. c. Capt, director
of the census. This gain exceeds
any recorded by this series during
the previous five years. Sales gains
of 23935 independent retail stores
amounted to "a per cent, according
to another monthly survey of the
Bureau of the Census.
In connection with this monthly
study by the National Association
of Credit Men and the Bureau of
the Census, 2,916 wholesalers, rep
resenting all parts of the country,
reported dollar sales amounting to
$276608,000 in April, which were 7
per cent above March, 194l.
All but one of the IS lines of trade
reported sales during April greater
than those in the previous year.
-Four trades showed gains exceeding
60 per cent, compared with a year
-