Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-28
CREDIT SITUATION
WILL Be DISCUSSED
Bankers Plan Series OF Con-
ferenceS al Annual Meet
inc October IA.

The credit situation will be major
tonic for discussion at the coming con-
vention Of the American Bankers AS
ISOLATION. at Philadelphia, October / 10
4. according TO the annual eau sent
D,,t by Thomas Il. Preston, president, 70
the membership. II Is expected large
delegation from Washington Will at
tend. :.
Credit conditions now prevailing IN
the United States" said Mr.. Preston,
make il particularly important that
bankers come together this Fall to dts
cuss this phase of business. A fore
glimpse Of the general program SHOWS
that there will also be important ao-
dresses and discussions relating 70 tns
farm problem. participation IN Govern
rent and politics as a proper functiols
Of business men as business men ana
ether paramount subjects.
Necessity for Conferences.
."The meetings Of the divisions and
sections as usual will be packed WIN
presentations of technical SUBJECTS Win
which 4 IS essential for bankers TO Keep
c,nversant whether they are engaged
in investment. commercial, savings or
trust banking activities. More ana
more are bankers coming TO realize tFlat
IL is lust as necessary for them 10 at
tend associational conferences relaans
10 their profession as Tor progressive
physicians who have long MADE IL part
OF their work 10 frequent medlcal meet
;ngs and postgraduate courses III oroe,
10 keep abreast Of the advance i'll tnen
Ta.eIeSSion
PHILADELPHIA bankers ere preparing
,nusnauv effective arrangements for
entertaining their guests and enabins
them to visit thu many points OF m
terest in and ancu; the city whose
wealth Of historical traditions is espe-
clsIlv rich i'll events having 10 40 win
the BEGINNINGS Of American banking.
The fourth annual flower show oil
the Federal American National BanK
this year has attracted a wioe variety
OF blooms, including about 800 entries,
and filled the banking room with
gorgeous Fall display. Attendance last
night when the bank was Kept open
for the public after banking hours
tosalcd :. 800. and the show will be open
also this afternoon and tonight. until
1880 o'clock John Poole, president o.
the bank. and E E. Miller. who directed
the show under personal supervision OF
Mr.. Poole have received universal con-
gratulations from the hundreds OF
visitors
Tlaa American Ice Co. which. operates
largely in this city. broke all records
during the month Of july, according to
President Charles c. Small. Earnings
for July we're the largest in the history
CT the company. he announced. amount
ing, before Federal taxes and deprecia-
ton 10 s1.1i2.o54. This compares with
s954.734 in July last year.
Reserve Board Statement.
in s'ew York. Washington. Boston.
Philadelphia. Newark and Baltimore. as
vel as Ii adjacent territory" said
Email. the ccmpsny's business in July
has broken all records. Its business at
the Atlantic shore resorts was notice
ably heavy. indicating that the hotels
and boarding houses III these places
ere at present handling q Summer
business Of record proportions.
The Federal Reserve Boards condi-
ticn statement Of 635 reporting member
hanks In leading cities as of August q
Gee 900 IN leans ard discounts, Of $751;
orc 600 IN investments and Of si66,0o0,-
ee1 In deposits. and an increase of $685.
o0o, 300 IN borrowings from Federal Re-
ssrvs banks
Loans On stocks and bonds including
United States Government Obligations,
we're $4,000, oo5 below the August IS
teal at all reporting banks, a decrease
Of SIT 1000 600 being reported for men,
Der banks in the Boston district, of So
600 coo In the Cleveland district and
smaller ecr-2ses in most Of the other
districts AL other" loans and dis
counts increased 81 900 900 in the New
YORK district and 100000 in the st,
Lclis district and declined In most of
the other districts. the net decrease at
al reporting banks being IS 900 900.
Holdings Of United States Govern
n1ent securities declined 100000 and
S. 900 900. respectively. at reporting
banks IN the Atlanta and Chicago dis
tricts and $4,000. 600 al all reporting
hznkx. Holdings of other bends, stocks
and securities declined sll.0o0,000 Ii
the New York district. 81 100000 in the
Chicago district and $4,000, coo a. ali
reporting 6arks.
Heard in Financial District.
william Montgomery. president Of the
Acacia Mutual Life Association. has re-
turned 70 the city following a short va
cation spent in New England.
J. J. Roberts. assistant cashier OF
Riggs National Bank. has returned from
vacation al Cape MAJ. n J.
n. I. OHutt IT., vice president and
css.1ier Of the District National Bank.
left today 70. a trip through the Mid
de West, including Chicago and Mi
wsukee.
NEW YORK PRODUCE.