Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-11-14
Prominent Speakers
Listed for ConcIave
0fU. 5. Loan League
By Edword c. Stone


By Edword c. Stone
william x. Divers, chairman of
the Home Loan Bank Board;
Fulton Lewis. jr., radio COM
mentator; Senator Bricker. Re-
publican, Ohio, and Henry S.
Kingman, president. of the Ma
tional Association Of Mutual Saw
tngs Banks, will be leading speak
ers at the 57th convention Of the
United States Savings and Loan
League, which opens in Chicago
Friday. according to the detailed
program announced here today.
Other speakers will include M.
K. M. Murphy. president of the
league: Ben H. Hazen, president
of a Portland, Me-, building and
loan association; Representative
Jesse P. Wolcott. Republican,
Michigan. member of the House
Banking and Currency Commit
tee; and John K. Langum. vice
president of the Federal Reserve
Bank of Chicago. DR.. Arthur H.
Weimer of Indiana University, the
leagues economist, will also ap-
pear on the program.
About 1000 members are ex-
pected, the meeting running until
November %. Fred A. Smith, new
president of the District Building
and Loan League. says the District
League will send an unusually
large delegation. Morton Bodf1sh,
executive manager of the national
organization, will take an active
part in all sessions.
The Governments subsidized
housing bill and recent proposal
for direct Government home lend
ing will draw special fire at the
meeting. Savings and mortgage
lending will be taken up at forums.
One entire address will be devoted
to Business in 1885,"
Roberts Vice President.
F.. s. Roberts, vice president
and general manager of the
Phelps-Roberts Corp. of Washing
ton, was elected Junior vice presi-
dent Of the National Standard
Parts Association. at the twenty
sixth annual convention in Chi
cago. He is a former director
and has served on various COM
mittees.
G. w. Kleinschmit, Detroit. was
named president and G. H. Tres
lar, Towson. Md, director.
Bank in New Building.
The Bank of Silver Spring was
well settled today in it's new two
story 100000 building at 8709
Georgia Avenue, the moving hav-
ing been completed Saturday,
President George T. Day an
nounced.
The new home is most attrac-
tive and offers every modern
banking convenience, including a
drive-in teller's window. There is
ample room in the basement for
meetings of community organiza-
tons.
President Day expects 5000 to
10000 people will visit the bank
at tonight's "open house" Bankers
from as far away as New York
are planning to attend.
Dairy PRODUCTS Reviewed
Auchincloss,s Parker ~ Redpath
present a review Of National Dairy
Products in their latest bulletin.
The stock is now selling at 81,
paying a dividend of $1.90 for the
year, and yields 6 per cent.
While sales in the first half
year were lower than a year ago,
earnings were increased from
$2.12 a share to $3.50. the quar-
terly dividend being raised and
an extra declared, which Is pay
able in December. Second half
year earnings are normally as
good as the first half, the review
says.
National Airlines will inaug-
urate daily cargo service between
New York, Miami and Havana,
Cuba, next Thursday. Flag stops
will be made in Washington and
other cities to load 500 or more
pounds of cargo.
Heard in Financial District.
Paul Hoffman, John B. Taylor,
British Commerce Minister. and
Granville Mellen, United States
Maritime Commission, are sched-
uled to address world trade con-
ference in Richmond, Va, Thurs
day.
John T. Grain, business man
ager Of the Southern California
School of Music and Arts. and a
native Of Washington. has Joined
the insurance staff of j. D. Marsh
& Associates.
William J. Newman, treasurer
of the w. r. Winslow Co., and
president of the Washington AS
ISOLATION of Credit Men, and j.
Lawrence Shelton, assistant trust
officer of the National Metropoli-
tan Bank, are on a fishing trip to
Florida.
The Fitch Survey says, I'VE
foresee a healthier holiday retail
trade than recent barometer read
ings would indicate. Selected re-
tail trade stocks appear likely to
regain market favor"
:uae&oek