National Board Of Trade

Washington, Jan. 26.- The _ natlónal Board of Tr-ade at its first session Tupbday re-elei'ted as president the venerable Frederj -W Fraley of Philadelphia, who waá absent from the meeting by reason if the illnes.s of his wife. Mr. Fraley is 93 years of age and has been preafdent of the board oontlnuouajy sinre lis organization. Ex-flovernor E. O. Stanard of St. Louiswaa elected temporary chairman; After a number of routinp tnatters had been disposed oí resolutions coinmendintr the AngloAmeritan ar'.iitration treaty were unanimously adupted.