Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-09
CAPITAL TRACTION AGAIN GAINS
DESPITE CUT IN IT'S VALUATION
New York State Bankers to Meet in Wash
ington, While Local Financial Men
Go to Hot Springs.

of courtesy they will, however, show
the visitors as much attention as pos
sible earlier in the week. The New
York bankers met last year in
Quebec.
Invited to Hear Simmons.
Local bankers are today receiving
invitations from President r. G.
Graham of the Washington Board of
Trade to attend the special meeting of
the board on Thursday evening,
February II, at the Chamber of Com
merce auditorium when +. II. II. Sim
mons, president of the New York
Stock Exchange, will be the speaker.
THE Myth of American Financial
Imperialism" will be his subject.
Iris Speaker, by signing a Wash
ington contract, has caused a jump
of IS points in the price asked for
stock Of the Washington Base Ball
Club. The quotation has moved up
from rs to 90 during the past few days
on the local exchange. The bid price
has advanced from 80 to So and no
doubt it would go a good deal higher
if there was any chance of obtaining
any stock. At present so many hold
erS of the shares are so confident that
the Washington club will get another
pennant that they are holding onto
their stock with a yice-like grip. a
championship season would mean an
other bonanza for the stockholders.
Committee Chairmen Named.
Joshua Evans jr., vice president of
the District National Bank, has been
appointed chairman of the luncheon
and dinner committee -i in connection
with the coming regional meeting of
the savings bank division of the Amer
lean Bankers Association. Lanier p.
McLachlen, head of the McLachlen
Banking Corporation, has been made
chairman of the hotel reservations
committee and +. p. Fl. Siddons, sec
rotary of the American Security and
Trust Co., is to look after the pub
iicity and exhibits.
The convention program committee
held its first meeting yesterday after
noon at bankers headquarters, How
ard Moran presiding. Suggestions for
subjects and speakers were made
tentatively, but are to be submitted to
w. r. Morehouse, president Of the
savings bank section, for his approval
before they will be made public.
C. & 0. Group Opposes Merger.
Minority stockholders of the Chesa-
peake & Ohio Railway will fight to
prevent the Van Sweringen interests
and others from issuing $50, 502, 400
common stock in order to buy control
of Erie and Pere Marquette, according
to a statement issued yesterday by
George S. Kemp of Richmond, chair
man of the committee which success
fully opposed the first and second
Nickel Plate merger plans.
How extensive the opposition will be
or how vigorously it will be pushed,
now that the plan of the Van Swer-
ingen interests makes Chesapeake &
Ohio a holding company and does not
contemplate an immediate merger,
rests somewhat on the strength of the
minority interests.
Institute Faculty to be Guests.
The members of the faculty at the
institute are to be guests at a dinner
at the Raleigh this evening given by
the educational committee. The
teachers include Raymond B. Dickey
Eliot H. Thomson, George f. Will
liams, f. J. Donohue, Francis G.. Ad-
olson, jr., William Fl. Baden. William
M. Diviny, Y. f. Booker and Fernand
Petit. President T. Hunton Leith and
the other chapter officers will also
attend. The educational committee
includes I. j. Roberts, chairman; A.
E. Henze, vice chairman; Miss S.
Winifred Burwell, secretary. and
Francis G. Addison, jr., Miss Grace
NJ. Bromley, Harold w. Burnside, r.
Jesse CLANCY, Miss Dorothy V. Col
burn, II. H. Darneille, James G. Dulin.
jr., Robert T. Highfield, Edward j.
McQuade, Elmer O'Hara, Walter l..
Sanderson, Audley A. p. Savage,
James A. Soper and Miss Alice H.
Wilton.
Heard in Financial District.
Charles p. Shaeffer, who left the
newspaper business about a year ago
to become a stock and bond salesman,
has Joined the staff of A. S. Goulden
& Co., dealers in investment securities,
with offices in the Woodward Build
ing.
Herbert V. Hunt, assistant cashier
at the Commercial National, has re-
covered from his recent illness and
is back at his desk.
The Riggs Bank Club will have a
party at the Lafayette next Friday
evening.
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