Evening star., 1923-07-22
DISTRICT BANKERS COUNCIL
u TO ORGANIZE IN FEW DAYS
1Association Committees Will Be Named
taAnd Other Action Taken-New Bank
| Opens Tomorrow-Securities Prices.

The executive council of the Dis
frict Bankers Association will meet
upon the return to the city of
Howard Moran, secretary, for he
purpose of organizing, Harry V.
Haynes, president of the association
said yesterday. Mr.. Moran is
uscheduled to return within the next
two weeks
I AT the organization meeting, the
various committees for the ensuing
year will be named and passed upon,
and other questions Of moment will
be discussed. 1t will also be decided
then as to the advisability of hav-
ing the proceedings of the recent
s6ankers' convention printed In book
form and distributed among the men,
bers. This has been done in past
years, but inasmuch as the expense
thereby entailed is quite heavy, the
question is open to debate, but it is
understood a majority Of the men,
bers favor it's continuance.
Those comprising the executive
council include Harry V. Haynes,
Victor B. Deyber, Francis G. Addi-
son, jr.. Howard Moran, Albert S.
Galley, Robert V. Fleming. Theodore
xMichaef. Boyd Taylor. Maurice OF
SSipdCh anu JOSIud Evils, JI.t lOCdi
member Of the administrative coun
Gil of the American Bankers Asso-
citation.
Bank Opens Doors Tomorrow.
The Prudential Bank, the new in
stitutoin for colored people, having q
at IT'S Florida avenue tomorrow
morning at o'clock. A general
banking business. together with a
savings Department. will be car
ried on in its fine new home which
was eretced at cost said to approxi-
mate $4,000.
Prof John r. Hawkins, financial
secretary Of the A. NJ. E. church, is
the institutions president. Vice
presidents include DR. A. NJ. Curtis
Thomas Walker and DR. p. w. Price.
while c. w. Banton is secretary and
cashier. representative body OF
business men constitute the banks
directorate.
Charter for the new institution was
granted by Controller Crissinger
several months ago.
Good Volume of Trade.
, Expansion in July is not expected,
yet the volume of trade in many Of
it's departments is above normal for
this season. little uncertainty as
to the financial return in the agri-
cultural section from wheat and
other leading crops, causes hesitancy
in some lines, and it is doubtful If
in any recent year so much has de-
pended on the outcome of the cotton
crop which is now at the critical
period of it's growth, yet a larger
acreage and generally favorable con-
cition in most sections up to this
time seems to assure good outturn.
The loaded car movement for the
latest week continues much heavier,
exceeding very largely the movement
a year ago. Wholesale commodity
prices still show Il predominance of
declines as they did year ago, and
at this time in 1921. Reports from
various trades indicate that season.
able merchandise is being well alb
sorbed and that relatively small
stocks are in retailers hands. La Dor
n practically every part of the coun-
try IS fully employed at high wages
which provides assurance of a steady
demand for all classes of commodi-
ties
Dry goods buyers are now numer-
ous in the wholesale markets, but
are operating with conservatism,
owing to the uncertain price situa-
tion and the widely prevailing policy
to Contine purchases as closely as
possible to actual requirements. The
iron and steel market shows some
signs of betterment, but some new
business is being placed despite ex-
7Yectations OF lower prices, due to
further concession in pig iron.
The following latest bid and asked