Evening star., 1949-10-18
Capital Bankers Honor
s Leaders al Annual
Autumn Meeting
By Edword c. Stone

bank officers and directors at
tended the fall meeting of tn,
District Bankers Association a
the Mayflower Hotel last nigh
when special honors were paid tt
six leaders.
George M. Fisher, president. wa
presented a mahogany gavel b,
the Boys Club of Washington
represented by Cornelius Kelleher
The wood of the gavel came from
Mount Vernon, Bruce Baird sait
in praising the club for the gift.
Robert H. Lacey was presented
an engraved testimonial for hi
outstanding service as president o
the association last year and a
presiding officer at the week.,
luncheons.
Clarence F. Burton, who ha
represented the District banker
in many important matters bcfor
Congress, was given an engrave,
testimonial Of appreciation, Fran
els G. Addison, jr.. reading tn
resolution.
Section Heads Honored.
Insignia were presented to Ed
ward A. Dent. jr.. National Met
ropolitan, chairman of the fiduci
aries section; Mrs. Burdette M
Monroe, Union Trust, chairman
of the safe deposit section, an,
Fulton H. Dixon, Securities Sav
ings g. Commercial, chairman o
the auditors section.
Frank J. Luchs, chairman o
the Red Feather Campaign, mad
a brilliant presentation of Com
munity Chest needs.
The Old Dominion Bank, Arling
ton. Va, was made an aSSociat,
member of the association.
The guest speaker, DR.. Harolt
G. Moulton, president of Brook
ings Institution. gave an interest
ing summary of the resources
which will figure in the nationa
prosperity in the next hundred
years. However, he was none to-
optimistic over the future becaus,
of curbs on private enterprise anc
a host of other factors.
Garfinckel Heads Elected.
John c. Wood, president O
Brooks Bros, New York. wa
elected director of Julius Gar
finckel & Co. at the annual stock
holders meeting held yesterda,
IN Fairfax, Va. Richard P. Dunr
and James M. Johnston were re-
elected directors to serve unit
1852. Mr.. Dunn was renamed
chairman of the board.
Other officers reelected fol
lowing the stockholders meetin,
were William E. Schmid, presi
dent; Miss Elizabeth Fairall, Cor
don A. O'Neill and Arthur Madi
son, vice presidents; Jennings A
Snyder, secretary and treasurer
and Miss Irene w. Streeter, as
sistant secretary and treasurer.
Woodward Officers Named.
Andrew Parker, president O.
Woodward g. Lothrop, and al
other officers were reelected late
yesterday following the stock.
holders meetings. The director
for the year include John Tyssow-
ski, chairman. Clarence Dodge
j. T. Koehler. A. Lothrop Luttrell
Andrew Parker, B. w. Parker
Philip M. Talbot, Charles H
Tompkins and Lloyd B. Wilson
Chairman Tyssowski praised
the comparatively young anc
untried officer team" for the
years fine showing. James Full.
Ter, stockholder from Hartford
Conn.,, startled the meeting by
presenting two pages of question.
and requests. Many of his ques.
tions were answered and other.
taken under consideration. Mr.
Fuller has become nationa
figure at stockholders sessions.
Contract for the new Bethesda.
Chevy Chase store was awarded
to the Charles H. Tompkins Co.
Babson Sees Business Dip.
Arthur c. Babson, vice presiden
of Babson's Reports, Inc, told 25t
clients at the Willard yesterda,
that business here in 1850 is likel,
to show a decline.
Nationally he sees Is per cen
dip in auto manufacturing, Z pei
cent in building, good retail trade
especially in variety and food chair
stores. Devaluation of the British
pound should have little effect or
1850 prices. There will be further
declines in the cost of living, HI
asserted.
Earl l.. Smith, investment
analyst. forecast broad fluctua.
tions in the stock market in 1850
He declared many good stocks arr
sufficiently low to be held with
confidence. Stock prices are lov
relative to imitation that has oc
S&A SA LII 1CoI CoCoGC, COIlllllOUllle
and bond prices. he said.
Heard in Financial District,
The Electrical Manufactur
ers Representatives Association
opened a three-day silver ami
versary exhibition at the Shore
ham Hotel today.
The advisory board of branche
of the American Security & Trus
Co. held quarterly luncheon a
MAYORS yesterday.
Dun & Bradstreet reported to
day that Washington was tn
sixth largest city in the countr,
In building permit valuations il
the first nine months of the year
Permits totaled $50, ,187 ,498 agains
$37, ,402,832 a year ago.
John B. Shipman g. Associates
Inc, advertising and public rela
tions counsellors, have opene,
their new Offices at 927 Fifteenth
stret NV.
New York Produce
NEW YORK, Oct. 1S lP-Butter sen