Evening star., 1924-08-16
BIC ISSUES FACING
BANKERS SESSION
Washington Financiers Are
: Urged to Attend Coming
Meeting in Chicago.

Coming in the midst of the presi-
Dental campaign, particular interest
Will attach this year to the conven-
tlon at Chicago of the American
Bankers Association, which always
oeVotes a large part of its sessions
70 leading questions OF general well
rare and to formulating a declaration
or principles on business and finan-
cial subjects
washington bankers have received
communication from Walter w.
Head, president of the association
pointing out the Importance of this
years meeting and urging their at
tenoance Mr.. Head says, in part:
Inc American Bankers Associa-
tlon is to meet this year in the midst
OF national campaign, in which are
involved the election of a President
ana wee President, the selection of
senators and Representatives and the
determination of important questions
OF foreign and domestic policy. such
campaign always affects the course
OF business and finance in some de-
gree. More than that, it tends always
10 raise questions in the minds of
men OF every walk of life relative
10 the efficiency of their Government
the propriety of policies undertaken
or advocated and the continued sta
may be subject to attack
Will Discuss Vital Issues.
The American Bankers Associa-
tlon is not engaged in partisan mol
ltlcs' ana its convention will be en-
tireiy devoid of partisan flavor. Our
convention, however, will necessa riIy
| take note Of the situation in wbicb
the country finds itself. 1t will nat
urally survey its own and related
nelds, In order that its highest intel,
iieence and utmost energy NAV he
devoted to the maintenance or tboss
principles Of economic SANITY and
voted
Banking itself is an agency. Bank
ers are vitality interested in all th4
great industries which make IN tbe
economic life of the Nation. AS banL-
ers-and as citizens-we will revJsu
| IN our general sessions some Of tbe
/ important problems affecting these
INDUSTRIES and We will undertake to
contribute to their solution. Sucb
survey is important to eyery sectton
or our country and to every banker
VINO Is member of this association"
Price Prediction Fails.
frice imitation in the United States
preuicted oy European bankers and
economists as natural result Of the
great gold accumulation here has
lalleo TO materialize. the New York
Irust GO. points out in it's current
mon tnly review. The prediction was
oased on a misconception of the
amount of gold which may properIv
| De IN use in this country in propor-
tlon to our population and resources
ana the ever-growing volume OF
! trade, the article adds.
&c. C. Fixes Roads yaIue.
The Ohio and Kentucky Railway
| today was tentatively valued a.
SS11,06s by the Interstate Commerce
| Commission.
The Gulf, Colorado and Santa Fe
Railway today applied to the Inter
state Commerce Commission for au-
thority to acquire by lease control Of
| that part of the Pecos and Northern
Texas Railway between Coleman and
Sweetwater, Tex.
The road also asked authority TO
lease the Concho. San Saba and Llano
valley Railroad of Texas
The Panhandle and Santa Fe Rail-
way applied for authority to ACQUIRE
control of the Pecos and Northern
| Texas Railway Company.
Bradstreet's Review.
Bradstreets Review today says:
| while improvement in sentiment
st1ll outstrips gains in actual buying.
| the developments of the week are
mainly favorable. These prominently
| include reports of good yields real
lied in Spring wheat; larger than ex-
pected results from Winter wheat
threshings; further gains in corn
crop conditions, these most notable
! in the Southwest; maintenance of
| good conditions in cotton in most. if
not all, areas: the breaking of the
| drought in Atlantic Coast States and
| a gradual but steady growth of buy
| ing for Fall in the States west of the
mississippi from Texas north to the
| Dakotas. where good yields of and
| prices for wheat have converted the
| more cheerful feeling previously
noted into actual buying.
| In other areas better feeling is
more apparent than is better buying,
| although the shoe and leather indus
| tries of the East note some purchas-
| ing; wool is selling better at higher
prices and the iron and steel trade is
doing slightly more than a while ago.
| although pig iron and scrap are finer.
| while steel plates were and shapes
are rather easier"
| Weekly bank clearings, ss,012,-
| $4,000.
| Bankers on Vacations.
! Harry V. Haynes, president Of the
| Farmers Mechanics National Bank.
| and family are spending several
| weeks at their Summer home at
Ventnor, NJ j., near Atlantic City.
| Y. E. Hooker and Floyd r. Miller
| of Crane, Paris & Co. have left for
a canoeing and fishing trip in Maine.
John M. Riordon, cashier Of the
Bank Of Commerce and Savings. Mrs.
! Riordan and their daughter Helen
| left today for a two weeks vacation
| at Virginia Beach.
FOREIGN EXGHANGE