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Capital Traction Figures in 233-Share Turnover at Week's Close. GAS-ELECTRIC ISSUES ALSO TRADED ACTIVELY President Vass Names Committee on Transportation for Coming Bankers' Convention. BY EDWARD C. STONE. Saturday trading on the Washington Stock Exchange resulted in one of the busiest week-end sessions in many months, bonds being strong and stocks selling around their recent levels. The market opened with two $1,000 sales in Potomac Electric Power consolidated 5s selling at 1041/2 Bond trading then turned to Washington Gas issues, $1,000 gas 5s. 1958, appearing on the board at 95. followed by similar sale at 945/8 Washington Gas 5s. 1960. opened with $1.000 selling at 1063 The bonds then advanced on $1.000 transfer to 1061/2 and closed with $1,000 changing hands at the highest price of the day, 106 3/4 The final quotation was 106 bid, but none offered at any price. Capital Transit certificates not yet having been issued. Capital Traction started the trading in the stock division. During the day's session there was a turnover of 233 shares of Trac tion in 17 different transactions. ranging from 3 to 50 share lots. The stock opened at 24 1/2, off half point from Friday's price. It dropped to 2414 and most of the sales were recorded at 24 flat, where it closed The week ended with 24 bid and 25 asked, Merchants Transfer & Storage perferred. which recently paid a dividend, was also in the limelight yesterday. The stock opened at 301/4 and closed at the same price. Five different sales brought in a total turnover of 65 shares. The final bid was 29 with 31 asked During the session 10 shares of Washington Railway & Electric preferred appeared on the board at 98 The stock closed with 97 bid and 100 asked So the week ended, the new deal. restored confidence, passing of the fear of too much regulation, and a growing demand for local securities having combined to give the market a big forward push during almost all recent sessions Convention Committee Named. Plans for the coming annual convention of the District Bankers' Association at White Sulphur Springs were given another boost yesterday by President George O. Vass in appointment of the Transportation Committee. Barnum L. Colton. real estate officer of the National Savings & Trust Co., was named chairman; Archibald McLachlen of the McLachlen Banking Corporation, vice chairman the other members being James C. Dulin. ir. American Security & Trust Co. W W. Marlow, Second National Richard A. Norris, Lincoln National, and M V. Simmons, Liberty National On this committee devolves the onerous duties of arranging for the special train, the assignment of berths the movement of baggage and the receipt of registration Association members are. therefore. endeavoring to lighten their burdens as much as possible by advance registration. It is hoped that there will be an attendance of more than 200 at the convention The association and guests will go to White Sulphur on a special train. leaving Washington at 10 p.m. Saturday, May 26 reaching the famous resort in time for Sunday breakfast. Of the four convention days. two come on business holidays The new committee will start making reservations at once. Junior Bankers Honor Norris. The Spring open meeting of Washington Chapter, American Institute of Banking, was held last night in the ball room of the United States Chamber of Commerce Building with over 400 members and guests of the chapter in attendance Due to the fact that Washington Chapter suspended its annual banquet this year, in order to concentrate on plans for the national convention of the institute to be held here in June, the affair last night was entirely social in character Dancing was in progress throughout the evening and a special feature of the meeting was the presentation of a gold watch and chain to Richard A. Norris. assistant cashier. Lincoln National Bank, and president of Washington Chapter during 1932-1933. In presenting the gift Robert H Lacey, chapter president commended Mr. Norris on the excellent record of his administration. The dance last night is the last social function of Washington Chapter until after completion of the second semester classes next month Financial District Notes. Members of the District Underwriters' Association report an intensely interesting joint sales congress in Baltimore Friday Nearly 300 Washington insurance men were present. The annual convention of the Virginia Bankers' Association will take place at the Cavalier Hotel, Virginia Beach, June 7 to 9, President S. H Plummer announces. The West Virginia bankers will be at White Sulphur shortly after the Washington financiers have visited the resort. the dates being June 8 and 9 Marson Crickard of Charleston is president of the association The gain of 40.5 per cent in March retail sales in Washington stores over March, 1933 was hailed as another sure sign of better times in the business district. Packed hotels for conventions and Spring touring are helping to make the April figures equally favorable. The Maryland State bank examiner and receiver for the Citizens Bank at Hurlock, Dorchester County, Md. has mailed checks to depositors and general creditors for 10 per cent of their
