Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-08-10
NEW COURSES PLAN.
| OF BANK INSTITUTE.
Business Forecasting and
Analysing Statements Two
Added to School.
BY EDWARD C. STONE.

BY EDWARD c. STONE.
It is expected that two new courses
will he added to the ClassWork Of
Washington Chapter, American Insti
tute of Banking, when the Fall term
opens. The courses will he on how
to analyZe financial statements and
business foreCasting.
This decision was reached a a meet
ing of the educational committee la
evening, presided over by the institute
president. L. j. Roberts. The plan TO
extend the courses offered last year
will he presented for ratification by
James a. Soper. chairman of the edu-
cation committee. at a meeting of the
board of governors to be held at his
home. in Clarendon. this evening.
The other courses probably will he
much the same as last year. They
are so comprehensive that Washing
tons junior bankers are offered an
opportunity to get unusually thorough
training in their chosen profession.
President Roberts now is engaged in
obtaining a corps of teachers as strong
as that conducting the work last year.
Several of last years instructors have
agreed to serve again. and there also
will be several new ones on the list.
Directors Death Deeply Regretted.
The death of Sidney West was deep
~ regretted in the financial district
today, He was one Of the organizers
of the District National Bank and had
served on the board OF directors ever
since. President Robert n. Harper
spoke highly of the long and efficient
service that Mr.. West had rendered
the bank. His advice while the insti-
INF 6
conservative. sound and greatly val
ued The fact that his death had been
expected, because Of the weakened
condition of his heart. made his pass
ing none the less mourned.
Trade Board Plans Stock Probes.
The Federal Trade Commission is
planning an investigation into, sales
of fraudulent securities. A so-called
blue sky" investigation is to be con-
Quoted under the general powers of
the commission relative to interstate
commerce. The commission has al.
ready investigated operations of sew
eral companies selling securities de.
livered in different States. Orders as
"A result of these inquiries are in prep.
aration. Announcement Of a general
blue sky investigation probably will
be made simultaneously with issuance
of orders relative to these specific
companies.
c. & o. Stock Move Defended.
The acquisition by the Chesapeake
& Ohio Railway of stock control of
the Erie and Pere Marquette will not
be a bad bargain for c. & o stock.
holders, says the brief prepared by
counsel for the railway in it's appli.
hnfnr0 10 Mt a a
Commission. The brief insists that
the new plan for C. & o. expansion
in the Middle West has been approved
by a majority Of stockholders exclu-
sive of the Ivan SWeringen stock
and that the special committee of the
Chesapeake & Ohio appointed to con-
slider the association OF the system
with other lines approved the plan
independently and in the best inter
ests Of the property"
Year Book Reveals U. 8. Prosperity.
Another record year for American
business is reported by the Depart
ment of Commerce in the Commerce
Year Book for 1926. Business expan-
sion beyond the high points OF 1925 Is
disclosed in compilation of all the I'M
portant industrial and commercial
statistical data for past calendar year.
The Year Book discloses generally
satisfactory trends in major ines OF
commerce and industry. although no
atteont is made to forecast future de-
velopments.
Financial District Notes.
Local bankers who are especially IN
terested in the South cailed dtlehtloi'
this morning to the fact that up TO TO-
cd
since last Saturday
The Great Atlantic & PACING lea
Co. has declared a quarterly dlvideno
Of 75 cents on the common, placing
the stock on a SO annual basis. Inc
regular quarterly dividend of IA per
cent was declared on preferred, all
pavable September l to stock OF rec
ord August II.
Several Washington bankers con-
slider the new plan of the Bureau OF
Internal Revenue to notify Dy man
all taxpayers when their tax returns
have been approved as entirely I'M
necessary and waste of money. I'm
less the taxpayers receive requests for
additional funds, they know their re-
turns have been approved.
The August issue of the security
News, published by the stan OF the
American Security & Trust Co., has
appeared. 1t is edited by Robert j.,
Flather, assisted by Misses Eva M.
Johnson, Mae Gordon. Anna John.
son, Margaret J. Buckley, Mildred
Woodcock, Isabel Booth and Mrs. Mar
jorie Plumpton.
Local Securities Again Strong.
Merchants Transfer & Storage COM
mon reached a new peak on the local
board today when it sold at 1872. Pc
tomac Electric 5h per cent preferred
climbed to 102 and then closed at
1925. Lanston hit 100 on the sale
of one share, and Peoples Drug Stores
preferred sold at 10.
On the bond side Chestnut Farms
Dairy 6i5s sold at 1854, Gas bonds.
series B, moved to 105 on $500
turnover, and the series A bonds sold
at 1034. The final bond sale was in
Potomac Electric Consolidated So at
102 in 81 900 transaction.
Peoples Drug was quoted ex-dividend
today, and the bid price on the newly
listed Washington Medical Building
stock. which was 125 Yesterday, was
100 today. None was offered.