Evening star., 1924-12-06
H. ". MORAN GIVEN
HON0RS BY A. B. A.
Local Banker on important
Committee. S. Mathews
Also Gets Tribute.
BY CHAs. II. sHAEFFER.

|
bankers are held by the American
BANKERS Association, which rules the
destinies Of banking institutions OF
! the country, Is once again shown by
the appointment of Howard w Moran
a vice president OF the American Sc
curly and Trust Co. and also Of the
District Bankers Association, TO the
star relations committee of the ma
tional body. Mr.. Moran has just been
notified of his selection by the chair
man Of the executive committee
AT the present time no less than FIVE
local financiers hold membership OIL
important committees of the national
organization. Joshua Evans, jr., vice
president Of Riggs. is member Of the
executive council; Harry v. Haynes
president of the Farmers and Mechan-
les, IS a member Of the clearing house
section: Victor B. Deyber, president Of
the District Bankers Association, ex
off1cio; B. F. Saul, vice president o.
the American Security and Trust Co.
member of the savings bank division
and Mr. Moran.
The newest appointee will serve
! through 1924-25.
Mathews Heads Committee.
I. Stockton Mathews OF Robert Gar
rett d Sons was elected chairman of
the southeastern group of the Invest
ment Bankefs' Association at the an
nual meeting al Baltimore, held at the
Merchants Club yesterday. Mr.. Mathews
succeeds Hlicott II. Worthington Of "
W. Lanahan & Co.
In addition, the following officers and
committee members were elected for tho
ensuing year: Vice chairman, Simon J
Block Of Nelson Cook & Co.; secretary
and treasurer, j. a. ". Iglehart of J. A
w. Iglehart & Co.. members of execu
tive committee, James S. Whedbee o.
Jenkins, Whedbee & Poe; Montague
Blundoa Of the Kanawha Banking and
Trust Co, Charleston, ". Va: Ruther-
ford Fleet of T. E. Holting & Co., Rich
rnond, and George a. Colston OF Colstoa.
Heald & Trail.
The annual dinner will be held IL
night at the Emerson Hotel. Eugene j..
Thompson and Paul D. Keyser OF Was
ington are invited out-of-town guests
Heavy Exports OF Gold.
Gold expectation has started again
in. earnest Yesterday the Interna
tional Acceptance Bank, Inc. shipped
100000 in gold bars 10 London b.
order of one Of the banks LondoI.
correspondents. Also an initial ship
ment OF s5,oo0.0Oo in gold coin b.
J. P. Morgan & Co. to the German
transfer of proceeds of the German
loan, was started. Weekly withdraw
ais ,of about s5.000.00O Will be mad
by Germany until a substantial por-
tion of the balances created by tn.
sale of Sli0, 200. 900 German bonds il.
this country have been transferred.
Banker Entertains Employees.
Col Wade II. Cooper, president q
the Continental Trust Co., last week
entertained employees and active off
GERS of the institution at dinner ..
the City. Club.
42' Business F'aiIares.
Business failures in the United
States this week show little change
from the number a year ago. 427 de-
rauits being five more than in tho
earlier corresponding period. II. G.
Dun &. Co. reports. There were de
creases Of in the South and - l.
the West, which were more thar
Offset by increases Of 81 IN the Ess.
and on the Pacific Coast.
$S.0G9,0o0 in Equipment Orders.
Railway equipment orders for tho
. firSt'week OF December are estimated
BY Railway Age to have a total value
of more than sS,o0O,000 and included
50-locomotives, 1872 freight cars anu
H.,
were placed for so locomotive tenders
and 1857 freight cars under frames
Equipment orders for November
totaled 80 comotives, 13,03s freight
cars and 2t5 passenger cars with
value Of s44.000.000 October orders
were valued at $4,000. 900 and those
in September 60.000,000. making 4
total OF $l52.O0o.000 worth of equip
ment- orders since the present buy
Ing movement began the first weeG
in September.
Linotype at New High.
Mergenthaler Linotype, selling a.
17o, established a new high record
for the year on the Washington Stock
Exchange, bettering the previous best
mark by 2 points. Only l. shares
changed hands.
CtiHty bonds scored fractional ad-
vances. notably Traction 5s at 9Slz
Gas 5s at 50 and Gas general and re-
funding 6s at 90. Capital Traction
stock also bettered its previous level
TO s3&.