The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-06-06
BANK MEETING
PLANS READY
By RICHARD HATTON


As was expected and predicted,
The 1927 annual convention Of the
District Of Columbia Bankers Assoc
citation, to be held at Hot Springs,
Va. June 8 to ~, will be the
largest affair of the kind in the
history OF the organization. While
complete figures as to reservations
will not be available until Tuesday
night, It is certain from the last
minute rush to secure accommoda.
lions that the ambition of the asso.
citation to have more than three
hundred at the convention will be
realized. The accumulation of
reservations during the weekend
has made it necessary to order an
extra car attached to the bankers
special, which will leave Union
Station Wednesday at 8 p. M, max.
ing the largest train yet required TO
carry the bankers and their guests
10 any out.of.town meeting.
The splendid success of the con.
Yention this year, as indicated by
the interest being manifested by
hank officers and directors and as
clearly shown by the record attend.
ance, is largely due to the efforts
of President Howard Moran and
the other officers of the association,
and especially to the work Of the
chairman Of the general convention
committee, Laniel p. McLachlen,
and his associates, and the fine
program prepared by the program
committee under Chairman Edward
j. McQuade, together with the
exceptional program Of sports ar
ranged by the sports committee
under the Craftsmanship of G. H.
Pope. The work of Chairman
Frederick P. H. Siddons, Of the
press and publicity committee, was
also a large contributing factor in
the success of the pre-couvention
efforts, every detail of this i'm.
portant element being carefully
thought out and carried through
by the chairman Of the publicity
committee.
At the final meeting Of commit.
tee heads before the convention
every detail was reported complete
and President Moran has put the
stamp Of executive approval upon
the entire program as arranged.
Business sessions, social and sport
events will be concluded Saturday
evening and the bankers will reach
Washington on the return special
at q. m. Monday, June13.
The usual weekly luncheon of the
District of Columbia Bankers Asso-
citation, which would have been
held on June 8, has been called off
on account of leaving for Hot
Springs on that evening.
The following subjects of speeches
TO be delivered at the ninth annual
convention of the District of Co
lumbia Bankers Association have
been announced: 1.-THE McFadden
Bank Act" "a Growing Competitive
for Savings" ''The Importance of
Having All Real Estate Notes Cert.
fled to BY a Responsible Title Com.
pany," THE Improved Service to
Customers That Has Been Made
Possible by the Policy of the Serv.
ice Charge and the Results to
Banks
Stating that I'VE are apparently
laying the foundation for trade ex.
pansion in the fall" Moody's Invest.
ment Service says:
THE irregularity of current trade
returns. showing about as many un-
favorable as favorable points, is
rather encouraging upon analysis
because 1t seems to mean an orderly
1eaoJustment to sound basis,
New security issues, which are a
pretty good measure of the conf.
dence Of business men in the future,
have shown large gains thus far this
year.
Incidentally, this large volume OF
new financing absorbs a consider.
able amount Of bank funds which
might otherwise be available for
stock market uses, and thereby tends
to raise the rates for call money, II
looks now. however. as though the
inflow Of funds from the interior
might continue for two to six
weeks"
The annual convention of the New
York State Bankers Association
opened at the Mayflower Hotel this
afternoon. Sessions will be held
this afternoon and on Tuesday and
Wednesday. The Empire State
4inanciers will discuss problems OF
peculiar interest to their own To-
cality. Deputy Comptroller Charles
W. SOlllHS VIII aQuTSSS the Visiting
bankers.
Much regret has been expressed in
local financial circles that the Dis
trict Of Columbia Bankers Associa,
ton will be unable to take an active
part in the entertainment Of the New
Workers. However, President How
ard Moran and members Of his asso
citation win do everything possible
under the handicap of final prepare
tons for their own meeting at Hot
Springs to make the stay Of the out
of.town association pleasant.
Empire Gas and Fuel Company
preferred stock is being offered BY
"A. s. Goulden & Co. at a price t.
yield over Z per cent. The Goulder
offices are in the Woodward building
CLEARING HOUSE REPORT
NEW YORK, June 6.-Clearine
house statement. Exchanges, 1884.
100000; balances 500. 900 900; Fed
eral reserve ank's credit balance