The Washington herald., 1922-05-16
DISTRICT BANKING
INSTITUTE To MOVE
QUARTERS TODAY
Masonic Temple to Be In.
itiated as Bank Home
Next Week.

The Washington Chapter. Amer
lean Institute OF Banking. which will
snare the spacious. newly remodeled
quarters OF the District of Columbia
Bankers Association. located on the
second floor OF the New Masonic Tenn
pie. Thirteenth street and New York
avenue northwest. will today effect
removal OF their present quarters,
1914 = street northwest, to the new
location.
Work on the new home is now
practically completed Seventy new
student chairs have been installed.
whicn, taken with the Institutes fur
nishings, will fill adequate furniture
: requirements. Rugs. curtains. etc.
together with a new lighting system.
newly laid floors and various coats
OF paint, fil every urgent need
The District of Columbia Bankers
Association will initiate the new
quarters some time next week when
a meeting of the association will
be called for the purpose Of ratify-
ing the 1922 convention. to be held
at Hot Springs. Va, June 10 to 13,
both dates inclusive. This announce
ment was made by Victor B. Dey-
her secretary of the association, yes
terday.
Mr. Deyber also announced that
he will call a meeting of the gen.
eral convention committee. which
body he heads some time next week.
for the purpose of going over all
that has been done towards the pend
ing convention, and for the purpose
Of mapping ont additional details
which will make the annual outing
-
idents of every member bank in the
city comprise this committee.
L. :. ForeiEp Trade.
Although ApriTs exports, which
amount to 1921. .OOO. 900, are approxl-
mately $4,000. 900 smaller than those
in March, the difference is more than
accounted for by the different num-
Der OF working days in the months.
Imports are. however, off somewhat
more sharply. and the excess of ex-
ports. s104,OOO.00O, is three times as
great as that in February and is
the largest since last October. What
the figures reflect is a maintenance
of the modestly better rate of ex-
portation established this spring and
a fall in imports which cannot be
accounted for until more detailed fig
ures are available. 1t must not be
assumed. however. that the smaller
takings of foreign goods represent
reduced American buying from Eu-
rope. One must remember that the
sugar movement from Cuba went on
at a rapid rate early in the year. .
April statistics on the gold move
ment are perhaps more interesting
than those for merchandise The
amount of the metal imported in
April. s12. 900. is the smallest
since February. 1890. II compares
with sSO.OOO,OOO in April a year ago.
The sharp drop is caused by two
factors. namely. the suspension Of
production in the Rand. and India's
ability to bid for the available sup
plies in the London market The
firmness of the European exchange
in the face OF our increased export
balance and a slackened gold move
ment Is striking commentary on
The Improvement in the European
financial position.
Local Securities.
strength in Railway preferred
rtoCk was the outstanding feature
m the local Stock Exchange yes
tcrlay. This issue sold to the ex-
tom Of an even 100 shares. the price
holding firm It 20 Lanston also
old firm at II, 30 shares changing
hands
Capital Traction sold at 97i4. and a
'cw shares at 977l
Potomac General RNfunding and
Improvement -. which have not
moved freely nf late repeated their
AiEh in transactions at 1861. De-
benturo SIS of the Sme company
we're firrl- at par.
Chesapeake and Potomac SIS of Vir-
EiTia sold a. 30.
Real Estate Title Insurance shares
tTr1 at 105.
Personals.
Harry V. Haynes. president of the
Farmers and Mechanics National
Eank OF Georgetown. will attend n
meeting Of safe-deI.s5it men who con-
rene in Chicago next Friday ara Sat
brGay.
A H. Bedford. assistant cashie.'
NJ tho NatioaaI Metropolitan Fink
s visit ng his oa-a-h: in California.