Evening star., 1926-09-22

| been invited to one of these dinners
and they behaved 50 we'll that they
are sure to be admitted again next
year.
| New Apartment House Issue.
The +. II. Smith Co. is offering a
| new issue of S60O,000 first mortgage
612 per cent cupon gold bonds, to be
secured by a first mortgage on the
land and 10-stOry apartment building
to be known as The Royalton. Phila-
| delphia. The bonds will be dated Sep
tember +, 1926, and will mature seri-
ally from 1928 to 1886. Sinking fund
payments will reduce the mortgage to
$780, before the final maturity.
The bonds are being offered to yield
612 per cent in all maturities.
AS the second step in the financing
of the New Orleans Pontchartrain
Bridge public offering is being made
today of an issue of $2O0O,000 New
/ Orleans POntchartrain Co. 15-year
debenture sinking fund per cent gold
bonds. The bonds are priced at SO
and interest to yield from $50 per
cent to 1915 per cent, according to
date of call by lot at 40 and accrued
interest. Operation of the sinking
fund is expected to retire the entire
issue by maturity.
Miss Mary J. Winfree. secretary of
, the Continental Trust Co. and many
other women in Washington banks
are especially interested in the fourth
annual convention of the Association
of Bank Women, which takes place In
| Los Angeles while the A. E. A. is in
session there. The membership is
made up of women who hold eXecu-
tive positions in banks, but interest
in the organization reaches far be-
yond this limited number. The three
days sessions are to take place at
times which will not prevent the men,
bers from hearing the important A.
B. A. discussions. One of the features
of the Women's convention will be
exhibits by banks throughout the
country of publicity and advertising
directed to women. Mrs. William
Liambeer, assistantant cashier of the
National City Bank, New York. is
president of the association. which
has 18S members.
Southern Diaries Losses Light.
Edward s. Perot, jr., president of
Southern Diaries. Inc. has issued a
statement to stockholders saying total
damage to all plants in Florida by
the hurricane will not exceed $4,000.
This slight damage is due to the fact
that all plants are of modern steel
and concrete construction. Reports
show milk distribution will rapidly re-
sumo normal conditions. Milk ship
ments to Miami have been doubled
to meet the emergency.
New lines of the SeabOard Air Line
Railway to both Miami and Fort
Myers suffered only nominal damage
from the Florida hurricane, accord
ing to kilograms received by Presi-
dent S. Davies Warfield. Usual prog
reSS will be resumed on SeabOard'S s
construction program in that State
in few days. it was said. Contract
ing forces employed on the new lines
are now rendering emergency and
relief work in the devastated district,
and it was entirely due to this that
the delay has occurred. Mr.. Warfield
expects the new line to Miami to be
completed on schedule.
Today's Personal Notes.
Victor r. Deyber. president of the
t Second National Bank, left here today
| for the Los Angeles bankers cOnven'
| ton.
! +. f. Mountioy Washington repre-
, sentative of the A. r. A. and secre-
| tary Of the national bank division OF
| the association, leaves Washington to-
morrow for the convention. He will
/ stop off in Cleveland and leave Chi
| cago on one Of the bankers specials
next Tuesday.
| Paul r. Detwiler. head Of the Insti-
| tute of Banking, arrived here from
! Philadelphia this noon to attend the
rally dinner" at the Willard this
! evening.
! Robert L. F'lather of the American
Security & Trust Co is attending a
/ convention of the National Financial
! Advertising Association in Detroit.
7. Hunton Leith, assistant cashier
! of the Security Savings and CONNER
| cal Bank, reports the arrival of twins
| at his residence. and announces that
! both the boy and girl will attend the
! Institute of Banking when they get a
: little larger.
! Other Financial Jottings.
| +. d. Schumacher, president of the
! Southern Bond and Mortgage Co. of
! Richmond was elected president of
| the Mortgage Bankers Association of
America today, the second day Of its
thirteenth annual convention.
Sales of the Louis X. Liggett Co.,
subsidiary of the United Drug Co.,
totaled $4.523 ,S03 during August, com.
pared with $3,574,S9 in the same
| month last year. For the eight
months of the year they amounted to
| $33652,O19, against s27,47O,O64.
William L. Moffatt has been made
director of the sales department of
| c. z. Moran & Co.. dealers in in
vestment securities. Mr.. Moffatt has
| had much experience in the financial
! field in Cleveland and New York
A.