The Washington times., 1927-03-28
D. c. BUSINESS
ON INCREASE
b. RTCHARD HATTON

There was a gradual advance in
the rate Of general business activ-
fly in Washington noticeable dur.
ing the past week. This seems to
be in line with reports from other
sections of the country that general
business Is holding up" while there
has been material expansion In most
basic industries. According to the
Guarantee Survey, published by the
Guarantee Trust Company of New
York.
These developments have
strengthened confidence in the fun.
damental soundness of present con.
ditions and in the outlook for a cons
tinuance of active business for the
next few months" the Survey
continues. cit remains trus. how
ever, that the volume of trade for
the country as whole appears to
be somewhat smaller than a year
ago.
"On the whole, bnsiness seems to
BE- responsive to the normal sea-
sonal influences, with the likelihood
Of some summer reaction later and
or further advance in the au-
tumn probable.
In spite of some expansion In
commercial loans. large volume of
new security offerings and an in
crease of loans in the security mar.
ket, money rates have risen only
slightly. and there appears no in
dicatton Of q tightening money mar
ket.
"As measure of current com.
mercial activity, the first million.
car week Of freight Ioadings was
reported for the second week in
March, two months earlier than
: this figure has ever before been
reached.
Building activity showed a dis
ttnct gain in February. new con.
struction undertaken during the
month having been somewhat larger
than the total for February, 1925.
The increase, however, was con.
fined to 4 few large cities, with
the rest of the country reporting a
small reduction.
Goal production and shipments
continue to reflect the general an
flcipation OF a strike on April 1,
and the stability of prices indicates
that the market has thoroughly dis
counted the possible effects of a
suspension of mining.
Railways. public utilities and in.
dustries generally have been build.
ing up coal reserves for some time,
and are apparently facing the pros
pect of walkout without serious
misgivings. Unless the strike lasts
much longer than is generally be-
heyed, or unless the non.union
fields become involved to .consid.
cradle extent, there Is little reason
TO- fear that the business of the
country as q whole win be greatly
affected
"An address Of particular interest
during the, conference OF the
Savings Bank Division of the
American Bankers Association,
which will be held in Washington
April and 8, will be that of Cur.
den Edwards. publicity director of
the American Bankers Association
on Publicity and the Misfit Gus
toner Problem"
Mr.. Edwards is widely known for
the splendid and constructive pub
LEFTY material he has prepared and
circulated for the Bankers Associa.
ton and his address will rank in
interest with that Merle Thorpe
and W. r. Morehouse, of Los
Angeles, president Of the Savings
Bank Division. who will preside at
all meetings of the conference.
All business meetings Of the con-
ference will be held in the New
Willard Hotel, running from $40
o'clock each morning until noon
and from 2 to S in the afternoon.
Both days there viii he a joint
luncheon for those attending the
meetings.
The chairmen Of the various COM
Howard Moran, general conferences
committee; Harry v. Haynes, recep.
ton committee; Joshua Evans. ir.,
luncheons and dinner committee;
Il. p. McLachlen, hotel reservations;
George o. Vass, registration COM
mittee; Edward J, McQuade, enter
tainment committee; c. H. Doing,
committee on decorations; Fred
erick p. Fl. Siddens, publicity and
exhibits committee; Oscar CoIlican,
committee on automobiles, and Mrs.
Howard Moran, ladies committee.
Major Julius I. Peyser, president
Of the Security Savings and Com.
rnercial Bank. has been elected
neInber-at-large Of the National
Social Science Honor Society OF Pi
Gamma Mu, of the National
Chapter located at Williamsburg,
This honor was conferred upon
him by reason of his activities in
legal research in questions involving
social science.
~AAAN