Evening star., 1942-10-04
Tax Notes Sales SIS. .295. 600

AVA ASoSSS NoASo coo3Soo,VVV
Sale of Treasury tax savings notes
IN the Richmond Reserve district
in September totaled $35 ,295 900,
Hugh Leach, head of the Reserve
Bank, reported yesterday.
AS already announced by the
Treasury, sales for the country in
September totaled $924,OOO 900, or
more than double sales in August.
The Fifth district showing reflects
very highly on the work of the Vic
tory Fund Committee, officials COM
mented.
The new tax notes placed on the
market September IA, proved popu-
lar.
Underwriters to Open Season.
Ralph Engelsman, life insurance
author and lecturer, and now as
sociate field director of the War
Savings Staff of the Treasury, will
address the opening fall luncheon
meeting of the District Life
Underwriters Association, President
George A. Hates announced yes
terday.
Mr.. Engelsman is on leave from
his post as general agent of the
Penn Mutual in New York. He is
a former president of the New
York City and New York State Life
Underwriters Associations, and was
chairman of the national associa-
tion's largest convention which was
held in St. Louis In 1889 on the
associations 50th anniversary.
All life insurance men, whether
members of the association or not
have been invited to the meeting
next Thursday at the Willard Hotel
the luncheon starting at 1915.
Exchange Moves Next Week.
Remaining in the Washington
Building, the Washington Stock
Exchange will move into less ex-
pensive quarters next week, it was
announced yesterday. The new
quarters will be ample for present
needs and can be easily expanded
any time trading gets back to the
volume of the good old days.
The week saw the passing of
the sales sheets, printed for SO
many years and distributed through
out the financial district. The
members were deeply touched by
the epic verses written by Y. E
Booker and printed on the final
sales record. 1t was said yester-
day that it was the first time in
the history of any stock exchange
that a poem has appeared along
with the sales and bid and asked
quotations.
The present officers are George
M. Ferris, president Edison B. Olds
vice president; Harold C. Patterson
secretary, and James Parker Nolan
treasurer.
Mark Represents Auditors.
Raymond G.. Marx, controller of
the Riggs National Bank, will repre-
sent the auditors section of the Dis
trict Bankers Association at the an
nual meeting of the National Asso-
ciatiQn of Bank Auditors and Con-
trollerS in New York next Thursday
Mr.. Marx is chairman of one of
the standing committees. Election
of officers and all other business is
to be crowded into a one-day session,
in line with the request of the Office
OF Transportation. The usual at
tendance of around 400 will be linn
tied to about Is members. Proxies
will figure prominently in the cleo
ton.
Leach on Bankers Program.
Hugh Leach, president of the Fed
eral Reserve Bank of Richmond, will
address the fall meeting of the Dis
trict Bankers Association at the
Columbia Country Club Monday
October IL, on The Part of Wash
ington Bankers in Financing the
War Program" President John A.
Reilly announced yesterday.
DR.. Paul F.. Cadman. economist of
the American Bankers Association
will also speak. The meeting will
open at 8 o'clock and be followed by
q buffet supper.
A Scott O1utt, f1rSt vice president
of the association, is in charge of ar
rangements.
Bond Rally Plans Completed.
Final plans have been completed
for the Building and Loan Leagues
victory bond rally. at the Mayflowel
Hotel, at $50 Tuesday evening. Ed
ward G. Baltz, chairman, states thai
several ace speakers are on the pro-
gram which will include two timely
war movies. 1t is expected $50 di-
rectors and officers of the Is member
associations will attend the dinner
and rally.
Warren c. Kendall of Washington
chairman, Car Service Division, AS.
sociation of American Railroads, will
address the 59th meeting of the At
a lantic States Shippers Advisory
Board in Baltimore on Friday or
the national transportation situa-
ton. High light of the session will
be an address by R. B. White, presi-
dent OF the Baltimore g. Ohio Rail-
road.