Evening star., 1941-08-18

Secretary Morrenthau. October 2. &C
cording to P D. Houston. president,
who announced the conventions
program today.
The four-day convention will be
characterized by two principal
themes: Hemisphere Solidarity
and National Defense Financing"
Other speakers will include A. l..
M. Virgins, chairman of the A. B. A.
Committee on Federal Legislatipn;
Lionel D. Edia, economist: Frank M
Totten. Chase National Bank; Will
liam Powers, director of customer
relations, A. B. A.: Ernest M. Fisher,
A. B. A. director of research in real
estate and mortgage finance; Paul
F. Cadman. A. B. A. economist:
Albert w. Atwood of Washington.
financial writer, and Phillip A.
Benson, past president of the
bankers association.
Traders Slate Announced.
Thomas A. Akin of Los Angeles,
president of the National Security
Traders Association, Inc, announces
the following slate of candi-
dates to be presented for considera-
ton at the annual convention in
New Orleans from September %
to 25:
For president. Herbert H. Biz
card, Herbert H. Blizzard g. Co,
Philadelphia; FIST vice president,
Joseph w. Sener. Mackubin. Legg &
Co., Baltimore; second vice presi-
dent, William Perry Brown, New
man, Brown a. Co.. Inc, New
Orleans; secretary, Bert F. Luding-
ton, Waiting, Lerchen & Co..
Detroit, and treasurer. Chester M.
Glass, jr., Bankamerica Co., San
Francisco.
Directors Rate as Employees.
The District of Columbia Unem-
ployment Compensation Board re-
Gently decided that directors Of
banks who perform additional serv-
ices for their particular institutions,
such as service on executive COM
mittees, discount, examining and
other committees deemed necessary
for the proper conduct of the busl-
ness, are to be considered employees
within the provision of the District
of Columbia Compensation Act. No
tice of this ruling has been sent to
all banks of the city.
The Federal Reserve Board will
issue definite orders curbing INSTALL
ment credit in a few days and make
them effective on September l or
IS. according to latest announce
ment. Board members say the
earlier date might check flood OF
buying ito get under the wire While
the later date would give bankers
and merchants all over the country
more time in which to study the
ney rules. Regulations so far out
lined are not drastic.
Heard In Financial District.
RAYMOND G.. Marx, controller oil
the Riggs National Bank, is motor
ing to Michigan and Wisconsin Tor
his annual vacation. j. r. McMul-
Ian, assistant vice president, and
Charles r. Fadeley, an assistant
cashier, returned to their desks to-
dav from their annual outings.
C. Louis Eckloff. assistant cashier
of the National Metropolitan Bank,
was back at his desk today after a
vacation at Atlantic City, where he
STAYED at Hotel Dennis.
William c. Worthington, assistant
general agent of the National Life
Insurance Co. of Vermont, has re-
turned from two weeks vacation
spent at Cape May, N. j., and in
nearby Virginia.
William E. Poulton, treasurer OF
the Columbia Federal Savings &
Loan Association, is in Chicago at
tending the second graduate school
conducted by the American Savings
g. Loan Institute.
Today's Trading on Exchange.
American Telephone rights sold
at S-32 on the Washington Stock
Exchange today, up 1-32.
Washington Gas Light preferred
came out at 1864 and so shares oi
Potomac Electric Power 515 per cent
preferred moved at 116, of L.
Potomac Power, Washington Rail-
way G Electric and Lanston Mono.
typs Issues are now being ouotec
ex-dividend, the regular dividends
being due In . few days.