The Washington times., 1913-01-19

q dIy dIlu l. ~ tuc
| convention in New York on November
| 20 Baltimore was designated as the next
| meeting place of the board Of COVER
| nors. The board OF governors. in
| cluding the officers who are expect
ed to be present, comprise thirty
two bankers, coming from thirteen
States. in every part Of the Union. The
business sessions vii be held in the
| boardroom Of the Fidelity Trust Com-
pany. the first session convening at II
o'clock on Friday morning. January 81.
The plans for their entertainment are
now being considered, which wifi in
| clude Maryland dinner at the Mary
land Club at o'clock on Friday night.
1t is expected that some Of the visiting
bankers will bring their families, def
mite advices concerning which will be
given little later in the month. Since
the last meeting of the Investment
Bankers Association the membership
has materially increased. and at the
present time approximates about 400
members, comprising representative In
stitutions and banking houses Of the
leading financial centers OF the United
States.
| The Maryland court of appeals. at
Annapolis, has held that the good roads
loan of $1,t00,000 for Baltimore county.
sanctioned by the legislature of 1912,
was unconstitutional This reverses the
opinion of the circuit court of Balti-
more county, which had held the act to
4 be valid.
|
AS to the probable CONDITION OF the
| money market during the coming
Whether money will be firm or easy Is
/ a question about which bankers them
| selves are reluctant to make any pre-
diction. The outlook at present is some.
| to offer a check to business. and the
4 coming revision OF the tarin Is undou0t-
edly disturbing factor For this rea.
son bankers are inclined 10 tnnnk that
smaller demand for money than was the
case last year.
A few weeks ago lenders could place
their money at highly advantageous
terms. Now the position Is reversed.
and 80 small fs the demano ana 30 sat-
isfactory the accumulation OF money
that some lenders are refrainins from
pressing FUNDS upon tne msrKet ror
fear Of causing q further decline IN
rates.
So far as can be judged inve estors are
values are above current prices, and
they believe that when people recoVer
their reasoning faculues anu 'heh
! nerves the situation VIII Improve.
|
| A proposed advance OF 10 per cent IN
lumber rates over transSonunentai rali-
roads from various points In oregon
Il ohN 80 ~ - -.
ern destinations, mas oeen suspenoeo oy
until April 80. r- '-.-.
|
According to President FINLEY, OF the
Southern railway, the year 1917 was an
EXTRAORDINARY one Tor the Soutneasterh
| states In the matter OF cotton mill con-
struction. These States LED all other
sections or the country. Tnere were
| thirty-seven new mills Duit IN. the
| United States during the year. Twenty
| were in the Southeastern states. Out
| of 633, 100 new spindles, $4,000 or 30 Per
| cent were In southeastern States. Out
| OF s.d.4 new looms, $3.50 or 66 per cent
were In southeastern mills. These hg-
ures take no account OF large aaditions
! TO existing plants Inc asgregate IN.
crease In the maulacturlng capacity OF
me secuon, says Mr. fIniey, prac-
ucaIy 70 insure the haIntehance OF the
/ recoro maae py tne cottoh-pIoouGlns
Stales IN tne year enoee august oI IAss
Wnen me Inihs OF tne Souta consumer
noIs coeton tnan tnose oi All 'o'ner
I secuohs Oh 'he country
/ ,..
! .. SEWN ial, preson. vi .ns Me
nston anu sou,ni ssiia,s S. 1." tn.
n M 20 " p.t.. as &c. III the
s',ei a,ort 10 NJ WesL Ue savs. .AI-
| s,s sinos nnru tbe annuai renort
4 r,as,.hoISars shouina as AZ Ala depos,ts
| - sesx zee -
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y.ar or move ago -. velI-knovn
| hanLine house in New YORK published
j fn...o.as