Evening star., 1923-09-15
BANKERS To SEEK
AID FOR FARMERS
Plan to Study Problems at Z
Convention-Bank Clear
ingS Drop.

special attention to the difficulties
Of the farmer, and to practical solu-
tions for his problems, will feature
the session Of the state bank division
OF the American Bankers Association
at its annual convention to be held in
Atlantic City, N. J.. September "a to
u. A report on the prolonged ma
tion-wide investigation of the CO.
operative farm marketing movement
conducted by the division will be pre-
sented for discussion at the meeting,
which will be Wednesday afternoon,
September &c, at Haddon Hall
Following the address of the di-
vision president, H. A. McCauley, there
VIII be an address on "Co-operative
Farm Marketing by Carl williams,
president of the American Cotton
Growers Exchange, Oklahoma City,
and an address, STANDARD State
Banking" by E. H. WoIcott, bank
commissioner of Indiana
The following reports will be pre-
sented: Federal legislative commit
tee, state legislative committee, farm
committee and committee on ex-
change.
Bank CIearings Decrease.
Another decrease appears in bank
cIearlngS this week, an aggregate Of
$5,Sl6, ,4f5. 600 at leading cities of the
United States being 49 per cent be-
low the total reported to Dun's re-
view a year ago. An increase of So
per cent, however, is shown in com
pariSon with the amount for this
period of 1922.
The loss from the clearings of a
year ago is wholly due to the small
er hgures at New York city, where
reductlon OF 1873 per cent is noted.
IN contrast, cities outside of the me-
1Iropolls report a gain of 80 per cent,
centers included in the statement
showing. decreases. The largest in
crease is one of 574 per cent et
nsI DaiIas; while gains Of more thans8 80
per cent in each case appear AT De
troit and Los Angeles
New Bond Issue ON Sale.
s: W. Straus &, Co. have purchased
ana are onering an issue Of S13T5 OOa
Natlonai city Holding Company first
LIhortgase 65 per cent serial coupon
oohus, secured by the Land and Ma
tional City Bank building, Los An
geles. an
Ihese bonds mature in two and.
halt 10 eighteen and a half wears
with interest coupons payable August
ana February l.
Fewer Failures Reported.
me number of failures in the
S states sllll SHOWS reduction
IRON ano mat OF a year ago, a total OF
go pelhg reported to r. c. Dun & Co.
! TINS week. This compares with 3se
DEFAULTS in the same period of I922Ga
decrease of more than 10 per cent
me number, involving $4,000 or more
OF liabilities in each case is also less
than In this week of last year the re-
spectlVe totals being lat and 2O3 The
ratio OF these failures to the aRe,re
gate number this week is 49.7 per
I
| per cent "
Numbering AZ, Canadian defaults
this week compare with 5S in the
same period of 1922, and 23 defaults
Iior So,OO0 or more of Indebtedness in
each instance contrast with "a simi-
lar fnsolvencies in the earlier wear.
Bradstreet's Trade Review.
Bradstreet's current review of trade
and business conditions says, in part.
Trade Industrial and crop reports
are spotted, But cooler weather. the
advance of the season and the sharp
rise in cotton, which was Z cents
above the low point of July at one.
time, have quickened fall buying In
primary markets in the west and
parts of the south, notably Texas,
| where cotton marketing is brisk at
prices nearly cents above a year
ago. Reports from the iron and steel
lumber and canned and dried fish and
| fruit trades note the stimulating
account.
The passing of the anthracite coal
/ strike menace and the victory of the
| miners shift public CONCERN from the
subject of supply to than OF the price
| of that fuel.