Evening star., 1922-12-12
HOPE TO SECURE
l. B. A. CONVENTION
Governors Have Been Que.
ried on Proposal-Bonds
Active.
BY L A. FLEMING.

IL is just possible that the Invest
ment Bankers Association will hold
Its next annual meeting in Washing
ton.
Governors of the association meet
IN New York city in January. at which
time the location for the 1898 con-
vention will be given serious consid-
Grafton and perhaps be officially de.
cided upon.
Eugene Z. Thompson Of Crane. Par
ris 6 CO.. one Of the governors Of
the body. has been working hard to
bring the convention to this city.
having been in communication with
his fellow members OF the board.
:and the Ssclies he has received have
been of the most encouraging char
acter.
The general opinion is that this
some. more positive than others.
agree to do all in their power to
bring the gathering here.
Joshua Evans. 5r.. president of the
District Bankers Association. is
son SO that the chances seem excel
lent for tho gathering Of 1000 or
more investment bankers represent
ing. many Of the most important
banks in tho country and bond
houses as well. in this city next
october.
Federal Income Taxes.
issue OF Federal Incomes Taxes
1892. in pamphlet form, prepared
ny the Standard Statistics Company.
The booklet is extremely useirl for
reference and consultation.
Lively Trading In Bonds.
This was bond day on the local
changing hands. while the character
"f the buying seemed to Indicate the
reinvestment in advance Of at least
a part part of a. the H January Disbursements.
mac Electric frsts 50 at s6k. but
elsewhere small price concessions
were the order OF the day. Washing
BUILDING SIS. long term maturity were
of to SO. Railway As sold at 73K
ana Gas ia per cent notes at 103, q
rev low for this issue.
lots, also giving Indications Of cumu-
1stive buying for investment. Capital
Traction sold At 105: Railway pre-
or1sEh %ks S Onion oas Trus :arss sssrss s.
sold at 143 to 145.
Chapter Activities.
washington chspter @ r'"ens1ry var cnss; nlsS
truant. listen to. an address At an
open meeting and dance the evening
away.
Wednesday evening. Prof. Donahue
will lecture before the advanced class
on Money and Banking"
Thursday evening, r. B. Dickey will
lecture before the intermediate class
on Real Property"
Predict Easy Money.
The general feeling among bankers
is that the money market, after q
slight stineninR. during the prepara-
t1on for January disbursements, will
and that rates will remain relatiyeiy
cheap.
Just at this time some Of our local
ranks are rediscounting quite freely,
nut that is largely due to the loss Of
deposits through taxes. Mr.. MELONS
latest financial operations are taken
as an indication that he believes in
continued cheap money.
Merchants will continue their 1922
methods of merchandising, Visiting
market frequently and rsplenishins
stocks rather than loading up 10 they
did In the disastrous year iS20-2i.
with the necessity Of much effort ana
great concessions to work of their
stocks.
Millions Go Besefns.
The United States government is
Hnding considerable dif1culty in per-
suadlng holders Of victory AZ per
cent notes, which have been called for
payment, to collect the PRINCIPAL
amount due them. The Treasury be-
partment has $70.oo0,o 900 to distribute.
and it has resorted to all means OF
publicity within its power to induce
share.
The local Federal Reserve Bank
last night issued one more cali for
the speedy redemption of the bonds.
amount of the notes never will Be
redeemed. Many Of the notes have
been lost or destroyed and in many
cases placed in forgotten hiding
places. The government will be COM
PEELED to set up an account for the
amount OF all missing bonds so that
in the event of their showing up At
= later date a reserve will Be ready