The Washington times., 1928-01-25
BANK CHAPTER
. HEARS BROWN
By RICHARD HATTON

Easy money anu no SASNA1 "SA~A
gency during the remainder OF
1928" was the prediction made last
night at the second forum dinner
Of the Washington Chapter, Ameri-
can Institute Of Banking, by Ed
mund Brown, jr., investment coun-
selor of the Brookmier Service.
Mr.. Brown. who was introduced by
Chairman Harold w. Burnside, OF
the forum committee, was DISCUSS
ing 1.-THE Investment and BUSINESS
Outlook for 1925"
The gathering last evening was
held at the Lafayette Hotel ana
was one of the largest affairs OF
the kind yet given by the chapter.
Mr.. Brown is the editor OF the
Analyst and an authority on busi-
ness forecasting.
1--WE have been in period or
comparative stability for about four
years." the speaker stated, which
has made necessary different
discussion of fundamental factors.
To forecast merely upon commodity
prices and money rates would
not be enough" he said, and men
toned the following seven factors
which must be considered: Com
modify prices. stock of gold, stocks
of goods, outlook for building,
outlook for motor production, out
look for foreign trade and the
probable car supply. These, he
said, were the signals showing
where we are trending.
Discussing the above factors, Mr..
Brown stated that scientifically
considered they indicated that we
are now in an upward movement.
He predicted building construction
continuing at high level, a big
year in the motor industry, an
excess on the export side of for
eign trade and concluded that there
was little to indicate that 1928
will not be as good a year az
was 1927 and he foresaw the pres
ent year as even a little better
than the year just ended.
WOmen's Bank Club
The regular open meeting OF
the Washington Bank Women's
Club will be held at the Huguenot
Tea Room this evening at 6 o'clock.
This is a dinner meeting and
| will be addressed by Mrs. Reba
Barrett Smith, general superin-
tendent OF the National Florence
Crittenden Mission.
The popular organization of Wash
| inRton bank women now has a
membership of "a and it IL ex
pected that there will be a large
attendance Of members and friends
| this evening.
Offering is made today Of ZOO 0C
shares of Bankstocks Corporation
! of Maryland Class "B" common
stock by Harris, Mooney and Com
pany. The stock Is priced al
$3.50 per share.
/ December earnings Of American
| Ice Company before Federal taxes
and depreciation were $10O,OS3 com
| pared with a loss of $71, 2O6 il
December the year before.
Says President Charles c. Small
This was one of the best De
cember showings in the company
history. Ice consumption il at 9
minimum during the whit 1
months, and December has been
usually characterized by small OPP
Grating losses. This year, how.
ever, favorable temperatures coupled
with increased efficiency in the
production and sales divisions have
made December a profitable month.
This was true of our operations
in Washington, as well as In all
other seaboard cities Of our ter
ritory."
Changes Quarters
The savings department OF the
Washington Loan and Trust Com.
pany has completed it's change of
quarters and is now installed in its
new location in the enlarged build
ing.
President Maurice D. Rosenberg,
OF the Bank of Commerce and
Savings, is In Atlantic City for a
few days.
After a pleasant motor trip of
three weeks through the South,
Executive Vice President Albert s.
Galley, of the Lincoln National
Bank, is back at his desk.
The District Life Underwriters
Association will meet Thursday
night at the City Club. at which
time William II. Baden. trust officer
of the Washington Loan and Trust
Company, will talk on the subject
of Life Insurance Trusts"
A new high was recorded by
Potomac Electric Power, 81 per
cent preferred stock on the local
exchange yesterday closing at 1OSA