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inas anxious vestment dealers laws to make the R. Earl Haycock are workable. investment bankers greatly Washington interested at the in West the meetings Virginia indibeing held the seasons resort. The is little worry that there attitude toward good cates now tone of over has the commission's is a view that district been held in securities. This the weeks. financial Furthermore for several is that there here opinion here and some really before the will the must best be financial news important admarkets constructive have much of an co-operavance. Mr. Whitney Securities urged close and Exchange houses with the Investment by Some modificathe country. of 1934 Commission tion the act is all over the securities the deleof of efforts this gates held tion desirable the convention by some bringing and will be at made toward associaabout. Bovenizer of securities the act President that the worktion reported been made a "much more the past has instrument during proinvestment able He "says the fair practices bankers year. visions of the proved a great step step code have in also his opinion a greater act. forward. forward than the securities Haycock Given Special Honor. the Bank. Haycock. auditor in congratu- Riggs R. Earl is receiving NaNational over his election by Auditors the tional national lations Association of Bank committeeand Controllers as Federal reserve disfor the fifth convention was man The national Haycock has trict. last week Mr. Bank for been a held here connected with Riggs leader in the auditors several been years and section has of the District Bankers Association of the Federal The special study by the Reserve City Reserve System Association is progressing though fuin the of satisfactorily. Bankers anticipated its immediate completion president not Wakeheld Co ture Lyman E Bank & Trust First while of the Minneapolis. National stated was inaugurated here last The study appointment week. weeks ago through headed by Prof some committee University of a special L. Reed of Cornell results of Harold which goes into in the past, The Reserve survey, Board operations and does not have general nature of future concrete is as of its objective programs, formulation Mr. Wakefield said. Receiver Paying Out $313,944. of $313,944 to 4,000 deDistribution in the insolvent started Seventh today positors Savings Bank was Hamilton, Street by the receiver, Norman R. is at 1300 Seventh street. dividend and is a 30 per cent the kind made the second bank was closed since This the payment of cent. in The Septem- first payment was 50 per end of this week reber. 1933. By will have been $900.000 the cent than 80 per more to depositors, or payturned this week. remaining former be distributed at Bank, will District National ments After of the Receiver the Hamiloffice G street, where affairs of five 1406 closing up the payments office ton is banks Present of what different are being made in the Street Branch of the Seventh Bank. bealso the is now Hamilton National cent is A dividend of 20 per of the old Wash50 ington Savings payment ing paid depositors previous Bank. This is in of adper dition to the the past few days depositors cent. have in During been the receiving Northeast a Savings 50 25 per per Bank cent dividend, added to the cent previously paid. Acacia Honors P. L. Rogers. anniversary of Mutual his asso- Life The 20th with the Acacia week is being Insurance ciation Co this Rogers of the comof District of pany's agents of the in marked his honor. District by P. L. Columbia engaged branch a Columbia In branch are the veteran which an Acacian contest through will be presented with has annuity policy. the 20 years Mr. Rogers the comDuring connected with Acacia now been grown tremendously in the pany has a front rank position insurance organizations occupying national list The of old home line office of Acacia of is located in this city. the the Mr. Rogers Columbia is vice president Life Under District writers Association, of insurance and is one men of in known memmost widely He is an original Qualber the of Capital the William Montgomery ity Club. Exchange Business Picks Up. was better on the the Wash- first Business Stock Exchange today. in Anaington being $1,000 transfers at 7814 sales & Potomac R. R. 5s were recostia two more $1,000 sales 78. WashLater same issue at moved at ington corded in Gas the 5s, 1960. again Wash10812. The first stock sale Electric was in preferred, & Ten ington changed Railway hands at 1001/2 Bank prewhich of Riggs National Washington shares stock sold at 105. Gas Light ferred Trust, Washington are now Loan Emerson's & Bromo-Selta anticipaand quoted ex-dividend in in a few being tion of dividends to be paid days. Washington office of that Hemphill. Wilton Noyes The & Co. announces appointed manager of in Puder has been bond department recently the New Government York office. He another has wellknown the associated with firm Railway been New York Stock Exchange reports for The months Virginian ended September after 30, taxes 1934, and nine income of $2,453,312. dividend net charges. equivalent. after preferred on on shares to of common stock stock, requirements $3.82 a 6 per share cent This 312,715 com-