Evening star., 1924-10-24
BANKERS BANQUET
|SHELD UNLIKELY
Buffet Lunch Probable This
Year in Order to Save Very
Heavy Expenses.
By CHAS. p. sHAEFFER,

| Inc probability OF a banquet by I'll.
| District Bankers Association th,-
year is rather remote, a casual ouery
OF District banking institutions ind :
| Gates.
! While Victor B. Deyber. presider-
OF the local association is vested with
| the prerogative of exercising his
wishes In this matter, the banker
present head this morning declared
| the question would be presented e.
the entire fraternity, with the de-
| clslon resting on a popular vote of
I the members concerned.
Mr.. Deyber feels the subject is to1
| embracing for one man to decide as :
| involves thousands Of dollars, which
can only be raised by assessment, AMI
! tor this reason has wisely decided on
| the referendum policy.
A great number of local banks, and
| the majority querled, are of the opin-
! ion banquet would nccessitate .,
needless outlay OF money, coming a.
time when assessments already
! constitute rather heavy strain.
The office of the assistant secretary
| or the association is maintained by
! contributions of members and the
| Better Business Bureau has also called
| on BANKS for several thousands OF
collars. Membership fees in the as
/ sociation make up an aggregate or
convention at White Sulphur SPRING
also eXacted it's toll.
The banquets are, for the most part,
productive Of little essential to q
| bank s progress. In this respect
| tney are considered second to the
weekly bankers luncheons, where
| local financiers get together for the
exchange of opinions and confidential
news pertinent to their welfare. The
Iast banquet was held two Winters
| ago during the administration OF
Joshua Evans, jr. Last year HarTy
V. Haynes, then president of the as
| aociation, substituted q buffet SUP
per combined with a business meet
| ing at the Willard Hotel, following
/ the lead of John 3. Larner, who.
| Two years previous, held a similar
junction at the Cosmos ub.
MIR. Deyber intimated this morning
| a buffet supper would be held in the
event a popular vote decided againsg
| the banquet.
Telephone Deals Approved.
| The Bell Telephone Company OF
| Pennsylvania was authorized by the
| interstate commerce Commission to-
day TO acquire certain properties OF
| the Bedford Fulton Telephone Com
| pany, anu the latter concern was au-
| thorized to acquire certain proper
| ties of the former.
! a similar exchange of properties
| also was authorized between the Bell
| Telephone Company of Pennsylvania.
and the MorrisIon's Cove Telephone
| company.
! The New Orleans, Texas & Mexico
Railway Co. today received authority
from the Interstate Commerce Com
| mission to issue S1,770,000 of first
mortgage 8 Z per cent bonds and to
sell them together with S1,014,00 ad-
ditional first mortgage bonds, az not
| less than 90 per cent of par.
Trading ON Local Exchange.
Lanston Monotype eased off fra
tionaLy in today's trading on the 10
cal board. Then shares sold in the I'M
tial sale at 1918, moving upward to 79i.
on the following sale. but dropping
back to 79 On the concluding trans
action Of the day.
Continental Trust Co. stock scored
a point advance TO Sc. its highest fig
ure in weeks. but Capital Traction
stock was easier, closing at 921a after
opening a quarter higher. Riggs Ma
tional Bank stock sold at 29812, and
| so shares of District Title Insurance
| changed hands at 1874.
| Railway as at rs, Pepco 5s at eS%s
and Washington Gas 6s at 100ss were
| the only bond sales.