Evening star., 1924-09-17
BANKERS TOPLAN
YEARS ACTIVITIES
Committee Chairmen to Meet
Saturday-Trading on
Local Exchange.
By CHAS. p. SHAEFFER-

The first Fall activity of the Dis
trict Bankers Associat ton will take
place Saturday afternoon when Victor
b. Deyber, president, calls his council
or administration and chairrnen OF
the various committees together in q
meeting.
No mapped out program has been
prepared Mr.. Deyber will simply
consult with his Cabinet get their
views on matters pertinent to his
administration, sum up what has been
done to date and outline the years
work. He will then be ready for the
hrst scheduled meeting of the entire
association in October
chairman OF the budget, public
education, legislative and audit COM
rnltteeS remain to be appointed def
nitely, but the remainder of the sub
bodies have been functioning for sey-
eral months. The budget committee
marks new procedure in the history
OF the association.
Local Trading Light.
Varied trade of light volume pre-
vailed on the Washington Stock EN-
change this morning, when ii sale OF
10 shares of Continental Trust COM
pany stock resulted in a further de-
cine TO 6f"4. Other issues were firm.
Real Estate Title Insurance sold at
$50. with one share of Columbia Title
selling at s y. Five shares of Capital
Traction brought 81. and Washington
Gas Light was unchanged at 80. Lam
ston was pegged at IS.
Bond trading was confined solely to
utilities, with prices unchanged.
Committee to Meet.
The educational committee Of tho
local chapter. American institute or
Banking, will meet tomorrow night
at o'clock. at the chapter rooms. X.
Jesse Chaney is chairman.
Rural Banks Lower Interest.
Since the fall in money rates, the
matter of interest paid on depoSitS
has been a much debated subject with
banks, particularly the country lnStI-
tutions where higher rates arc al
lowed. according to Dow Jones & Go.
With the smaller return on his
loans and investme nts in the money
centers, the country banker can no
longer afford to pay these high rates
and many have consequently reduced
them.
The problem is particularly acute to
rural institutions of New York State.
who are hampered by a resolution
that the rates of interest paid on
deposits by all the various banks
within the State-savings, state. ma
tionaI banks and trust companies
should he based upon the prevailing
rates of interests Of standard invest
ments-" The term standard invest
ments' has given rise to a great deal
of discussion. and meeting Of
bankers and banking officials has
been called for the latter part of the
week for the purpose of making
recommends tions of aid to the couu-
try bankers of the State Their
definition of STANDARD investments
and recommendations are awaited
with more than passing concern.
Directors Vote Dividends.
Directors of the Commercial Credit
Company of Baltimore have declared
the regular quarterly dividends on
the various classes of stock as fol-
lows: 3.12 cents a share on the no
par common, q per cent, or 33ai cents
d share. on the preferred and per
cent, or 80 cents share. on the class
B preferred. All three dividends are
payable September so TO holders OF
record September 20.
Gas Men to Meet Soon.
What a We'll known statistician
describes as the awakening of Wall
Street" TO the opportunities presented
by gas company securities has empha-
sized the interest of investors in the
sixth annual convention of the Ameri-
| can Gas Association, to be held at
Atlantic City October 1917.
| The association itself plans to de-
vote a considerable portion of it's pro-
ceedings to this phase of the manu-
| featured gas industry during the con-
vention week. The financing of gas
companies will be treated in addresses
not only by many of the leaders in
| the public utility business. but also
| by prominent financial and statistical
experts outside the industry.
John Moody, who recently stated
| that in his opinion gas company
securities had earned the right TO the
same general rating that was for
| merly given to railroad stocks and
| bonds, will amplify his views before
Future of Gas Company Securities
This address is the feature of tho
program.