Evening star., 1926-08-25
D. c. BANKERS WILL
GO TO CONVENTION
A. B. A. Meeting in Los An
geIes Will Be Fraught
With Interest.

I SSks
Questions of concern not only ia
banking but to business at large. In
cluding branch banking and install
ment selling, legislation affecting
banking, methods for protecting banks
against bandits and many other sub.
jects of general importance viii u"
discussed at the annual convention OF
the American Bankers Association ~
Los Angeles, Calf. October 10 :,
according to announcement today by
Oscar Wells. president of the organ
| zation. Several bankers from Wash
| ington will attend the convention
mo greater array of subjects of par
amount interest and Importance To
the individual banker has ever been
presented at any convention of the
American Bankers Association" he
! said. than will crowd the sessions this
October at Los Angeles. Effective
methods have been developed for
uuelling bank banditry through Co
operative efforts by banks along lines
suited to their circumstances and
these will be fully discussed .
Extension of Special Functions.
"The rapid extension of special
banking functions. such as those hay
| ing to do with savings, fiduCiary serN-
| ices and investments by classes OF q
| banks formerly not engaged in these
activities, has created Il need FOR moro
complete interchange of experience
| related to these subjects and this VIII
! be fully provided through tho various
technical discussions at the conVeH-
ton.
"The present is fraught with much
| interest among bankers in the sub
| ject OF legislation and particularly
| Federal legislation dealing with tho
extension of the charters of the II
| Federal Reserve Banks, the control
of branch banking, the equalizing or
rights between national banks and
tate-Chartered institutions. and the
widening of provisions for Lending
money on real estate under the laws
governing the conduct of national
| banks. Bankers attending the annual
conventions of the association are
| afforded splendid opportunities for
| knowing how other bankers regard
J these things. \ question of prime
| importance to every banker is tho
| growing movement for more equltable
State taxation for banks and the dis
cussions at the convention Will sug"
Gest means for this end in your state.
I'm the broader view of general
business. there is the problem of In
stallment selling. the underlying con-
ditions of business which have been
! subject to so much uncertainty and
questioning during the year and other
equally important subjects which VIII
add to the profits of attending this
meeting"
World Using More Rubber.
/ The world is using more rubber,
according to a survey from the Brit
! ish information service OF the Bank.
! ers' Trust Co of New York. Shipments
| Of plantation rubber, it reports, up
| to the end Of June, 1926, were 21l,9lt
| tons; or an increase of about 5O.66l
| tons over the same period OF 1870,
while the total world shipments from
! producinug countries was 292 ,235 tons,
! or an increase of about 54 ,912 tons as
| connpared with the same period ot
| United States retained approximately
| 2O5.4S7 tons of rubber during the
| first six months of this year,
| compared with 1878 tons res
tanned in the same period iast YEA,
| The United Kingdom retained 3S.S49
| toms in the first half of the present
wear compared with deficit of II ,16A
| TONS in the same period last year. The
| total amount of rubber retained up
to June, 1926, was approximately 3oS''
| AGO tons. compared with 242 1907 In the
same period last year.
Better Machinery Inquiry.
| inquiry for machinery has shown
| improyement in the past week. ac-
! cording to the American Macnlhlst.
! The decline in activity which occurred
| in the first half of the month has been
| accepted as purely seasonal, ahd JUST
| fication of this attitude lies In the
| fact that the trend is again upward.
| Forecasts for the month of Septem'
| ber reveal an optimistic tone.
| According to the American RAILWAY
! Association. Ioadings of revenue freight
for the week ended August IA totaieH
| t1.1O9.557 cars. representing an III
crease of 45,0S1 cars over the same
! wool, last wear and of 156, ,149 cars
| o,,e,, tho corresponding week In 1924.
| This makes the twelfth week this year
| that loadings have exceeded the MIL
| lion-car mark, and was an increase
| Of 26358 cars above the week peIore'
| The outlook is for "a continuance
| during the remainder of 1875 Oh tne
| remarkable prosperity Whlch thlS
country has enjoyed without any real
| interruption since Midsummer OF
| 1924" the National Bank of Commerce
| of New York says in its current re-
| view of conditions. Indeed 1t now
seems likely" says the review, that
with the continuance of active con-
! sumer demand the business or tha
1 coming Autumn VIII SflOW d iiCdiIhS
| gain in volume over the latter part
| Of last year. Save in n few industries
and regions, notably those dependent
| to a. large extent on cotton and wool
| textile manufactures and coal mining.
! there has been comparatively fun en-
ployment at high wages for a long
! time
Capital Traction Strong.
| Capital Traction stock continued
it's rise on the Washington Stock ex.
| change today when IS shares sold at
from 1045s to 104%. The last prior
sale in the gradual climb OF this
utility was at 10412. For the past
| 10 days there has been 81 movement
upward of Capital Traction. There
has been no outstanding development,
however, or report of additional ac-
quisitions by the North American Go.
to account for the strength.
| On the bond side $500 Capital Trac'
ton 5s sold al 10O1a. Georgetown Gas
5s at 90 and Washington Gas 5a at
| 1046..
Personal Mention.
! John L. Larner. president of the
Washington Loan and Trust Co., Is on
, vacation at Miffiintown, Pa.
Alexander Wolf general counsel OF
| the Bank of Commerce and Savings,
is expected TO return to Washington
| September 10 from Paris, where he
went on business.