Evening star., 1942-07-08
TRANSACTIONS NEW YORK STOCK ExCHANG ELS
Six New Committees.
Named by Head Of
Bank Association
Choirmen and Members
OF Additional Groups
Listed by Reilly
By EDWARD c. STONE.

Six more District Bankers Associa-
ton standing committees were an
nounced today by President John A.
Reilly. Francis G.. Addison. jr., heads
the Law and Legislative Committee;
Richard A. Norris. personnel; VIII
mer J. Waller, Government relations;
David Bornet. publicity, c. H. Pope
accountants, and Thomas j. Groom,
speakers unit. Today's appoint
ments. which include many OF the
Capitals leading financlers. follow:
Law and observation-disclosures q.
Addison, jr, president, Security
Savings 81 Commercial. chairman;
Robert v. Fleming, president Riggs
National vice chairman; l.. P. NC
Lachlen, president, McLachlen Bank,
chairman Subcommittee on TAXA
ton: C. F. Burton, president, City
Bank: Joshua Evans, jr., vice presl-
dent. Hamilton National; George +.
Hamilton, jr. assistant attorney,
Union Trust: Harry G. Meem, pres
ident, Washington Loan q Trust:
H. H. Mckee. president, National
Capital: M. D. Rosenberg, chairman
of board. Bank of Commerce & Saw
ings; Frederick P. H. Siddons, wee
president, American Security d
Trust.
Personnel-Richard A. Norris, vice
president, Lincoln National, chair
man: w. L. Koontz, vice president,
Anacostia Bank, vice chairman; j.
Fontaine Hall, trust officer, National
Savings & Trust: David Hendrlck'
PARTNER, w. B. Hibbs & Co.; E. l..
Hillyer, vice president, Union Trust;
Hans w. Ireland, treasurer. Amer
can Security & Trust; Fred G.
Lutes, vice president. Suburban Ma
tional: Alan B. Prosise, treasurer,
Arlington Trust.
other Committee Members.
Government regula tions-Wilmer
J. Waller, vice president, Hamilton
National, chairman; w. T. VAN
doren. vice president and cashier,
Liberty National, vice chairman; >.
Frank Campbell, president, Ana
costa Bank: John E. Fowler, presl-
dent. Arlington Trust; H. H. Mckee,
president. National Capital; Howard
Moran. vice president, American Sc
curity a. Trust; Frank j. Stryker,
president, Columbia National.
Publicity David Bornet, vice
nresident, National Savings q Trust
chairman: Daniel j. Callahan, ]r.,
assistant vice president, Riggs Ma
tional, vice chairman; Ralph Endl-
colt. assistant treasurer, Washington
Loan & Trust; w. F. D. Heron, vice
president, Union Trust.
Accountants-C. H. Pope, presi-
dent. Munsey Trust, chairman; Ar
thur j. Linn, controller. Hamilton
National, vice chairman; Lewis E.
Thomas. assistant cashier, Liberty
National: Raymond G. Marx, con-
troller. Riggs National; Paul j. Self
yer. assistant treasurer, American
Security &, Trust.
Speakers unit-Thomas j. Groom
president, Bank of Commerce g.
Savings, chairman.
Dollars and Sense Appears.
The July issue of Dollars ano
Sense. published by washington
Chapter, American Institute Of
Banking, appeared in the financial
district today, filled with chapter
news and a review of the recent
New Orleans convention.
George M. Rowzee, jr., new presl'
more women employed in the banks
because of the sweeping changes II
personnel. and it is to them that thu
new administration looks for class
room support and new memberships
John M. Christie, retiring presf
Sent, announces that $50 student
completed the second semester sue
cessfully. Ten subjects were offered
A list of 232 men now in war servlc
is published. The editor is A. T
Henze, Union Trust Co., and assocl
ate editor, Rose Royce, Washington
Loan & Trust Co.
Reserve Amendments Signed.
President Roosevelt has signed tn
act amending Sections l2A and L
of the Federal Reserve Act. tn
act changes representation OF tn
Reserve banks on the Open Marke
Committee and includes othe
changes urged by Mariner S. Eccles
chairman Of the Reserve system.
Eugene E. Krewson, son OF Earl L
Krewson, and Charles H. Giffore
formerly connected with the sale
force Of the Washington ofhce G
the New York Life Insurance co
have Just completed course wit
the United States Coast Guard an
have been commissioned paymaster!
Mergenthaler Linotype SOLD ]
Boston this week at 3312, gain c
Ia polnts over the last previous sal
m the Boston Exchange. The las
WASHINGTON sale was made at IN
same figure.
Robert H. Hinckley, who has re
signed as Assistant Secretary {
Commerce. will be associated Wit
the Sperry Corp. and his successt
will be William A. M. Burden, no
special assistant to Secretary jess
Jones.
Store Sales Gains Impressive.
The more sales reports tnat 81
near. the more impressive are u
June gains. Kresge sales were |
1s per cent. McCrory Stores, 2
Ierner Stores, 80; w. T. Grant, Z
and Mcclellan. 18 per cent. Mail O
der houses did not make as go'
showing. ,
The Federal Reserve Board r
ports that department store sal
from January through June 27,
the Richmond Reserve district, we
"a per cent ahead of the like 19
period. the best showing in the
districts. Gains of II per cent
Philadelphia and San Francis
areas stood second.
Consumer Indebtedness Drops.
Consumer Indebtedness from /
stallment loans extended by ca
lending agencies declined sharply
Nav. 1912. as the loans recelvat
of credit unions, Industrial pan
and personal finance companies /
off almost s30,000,o00. This was t
most pronounced drop In lenol
agency receivables during nj
~.a1+lr of onoratiop under RaQul