The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1926-03-11
P H Il ADELPH
Alb. TO Dine
By RICHARD HATrON


A. number OF alumni and members
of the Washington Chapter of the
american Institute of Banking viii
sattend the annual banquet to be
given in Philadelphia next Saturday
BY the Philadelphia Chapter Of the
institute.
The Quaker City entertainment
this year VIII cover wide range.
sbeginning with a luncheon Saturday
noon to be followed by a theater
party. at which the guests Of the
chapter viii be entertained. The
main event. the banquet in the eve
ming, viii be held at the Bellevue
Stratford Hotel, at which 1t is esti-
mated there viii be from LOCO to
1000 guests.
The Alumni Association of the
Washington Chapter of the Anerf-
can institute OF Banking has COM
pleted the campaign to raise its
: quota for the educational endow-
ment fund OF the American Bankers
Association, according to President
: y. ]. McQuade, Of the LOCAL associa-
{ ton. The quota assigned to the
g Washington Chapter was $3.50 and
! responsibility for its collection.
Continuation of heavy investment
5 demand with insufficient supply OF
new bond issues TO satisfy it, is
forecast by Francis Fl. Sisson in
the current issue Of the American
Bankers Association Journal. He
says:
THE bond market since the begin
ming Of the year has been firm in
response to substantial demand
for good investments. No immedf-
ate fundamental change In the char
aeter Of the bond market appears
To be in prospect. Unless there
should be some abatement of the
demand for investment bonds, or
q substantial increase in the avail
able supply, there is no apparent
reason why bond prices should not
continue firm or even work to-
higher levels.
Except for refunding, railroad
Financing IS likely to be relatively
light but q number OF railroad con-
solicitations are probable which
should stimulate the market for
certain outstanding railroad bonds.
Industrial corporations are geners
ally in strong financial position.
In 1926 such expansion as was un-
dertaken seldom necessitated the
issuance of bonds. Al continuance
Of these conditions In 1926 seems
probable. In 1926 there was q sub
stantial increase in dollar bond
issues OF foreign industrial and pub
lie utility corporations. Loans OF
this character are desirable be-
cause they are for productive pur.
poses, and It isl probable that they
may be made in even larger
volume. Municipal. Federal Farm
Loan and Canadian financing have
been declining and there is no In
dication Of heavier volume in
to an aggregate OF new bond
than in 1926"
In the year 1926 profits in the
sugar industry were inadequate
both for producers and refiners.
For the first time in three years,
however. the American Sugar Re
filming Company had a profit on
its refining operations. according
to the annual report Of Earl ID.
Babst, chairman of the board.
In its weekly hardware market
summary Hardware Age win say
tomorrow:
Continued cold weather is retard.
inf normal March business, say re-
ports received from leading whole
saler hardware distributing centers.
Both jobbers and retailers feel that
warmer weather will show definite
Improvement in daily sales volume,
and both factors are making plans
accordingly.