Evening star., 1928-11-20

| at 9lI, LanStOn at IIo auO MeISeu
| thaler at l01. The closing sale We
100 shares of National Mortgage & In
vestment preferred at 5A. 1t was ais
noted that the annual meeting of til
exchange takes place tomorrow.
First Forum Dinner Announced.
"The Factor of Credit in America
Business" one of the livest topics
the world of finance just now, VIII {
discussed at the first Fall forum
Washington Chapter, American Inst
| tute of Banking, which is to take plat
at the Raleigh, Wednesday, Decem
Der II.
I. j. Roberts, chairman of the CON
mittee, announced today that Stephe
1. Miller, executive mahager of the Ma
! tional Association of Credit Men, he
been engaged to make an address o
| this subject and lead the discussion
follow. Mr.. Miller is brilliant Speake
was heard here on several occasion
while head of the educational work
the institute, and is always splend!
drawing card. His appearance here WI
make the opening meeting an assure
| success.
In addition to Chairman Roberts, tb
other members of the committee incluc
| H. w. Burnside, Farmers & Mechanic
! National Bank: Frederick H. Cox, Com
mercial National; T. Hunston Leith, Sc
curity Savings g. Commercial, and Mis
Esther r. Lau, Riggs National.
Bank President Highly HOnOred.
Few bankers in Washington hav
been more highly honored by their as
sociateS in the profession than FLOYD !
nf tho TinaRIn Ma
tional. In addition to being at the hea
of this solid financial institution, Nj
| Davis is a director in three other banks
namely. the Washington Loan & TruS
! the Bank of Commerce 81 Savings an
the Bank of Bethesda. His services ar
also being utilized by several othe
| financial and philanthropic institutions
all of which have profited to a marke
degree by his experience and interest.
! The officers with whom he is asSo
ciated at the Lincoln National includ
Albert S. Galley, executive vice preSl
dent: John w. Brawner, w. NICK
| Stowell, H. T. Offterdinger, vice presi
| dents; James A. Soper, cashier; H. /
| Wilson, j. Everett Baird and j. Fran
| Rice, assistant cashiers. Mr.. Davis as
sumed the presidency of the bank o
July 10, 1913.
Record Bond Meeting Assured.
The first call for lunch for tn
present has been issued by the Wash
ington Bond Club and replies alread
received assure the largest attendanc
the club has ever had. The meetin
| will take place tomorrow noon at 1913
| in the large K street dining room
the Carlton Hotel.
! The speaker will be Paul Clay, a
| internationally known economist cor
nected with Moody'S Investors Serv1c'
Mr.. Clay addressed the same club tw
| years ago and proved SO interestin
1 that the club was forced to have owe
1000 copies of his speech printed
| fill the demand which came in frol
Washington and even as far away q
the Pacific Coast.
c. c. Morgan Is chairman of th
committee arranging for this year
special speakers. The recently admit
ted rs new members will be prcser
for the first time.
Institute Party Great Success.
James A. Soper, president of Wash
siStants were receiving hearty congratu
lations today upon the brilliant succes
of the annual theater party last nigf
at Polls with "The Silent House
as the attraction. From the rise of tn
| curtain thee was nothing but actor
thrills and mystery, all being presente
| by a firSt-class company. The audiens
was large and enthusiastic. The finar
cial returns to the chapter have not "
been figured, but are sure to reach
highly satisfactory sum.
Alfred w. Sherman was chairman
the committee, the other members bt
ing l. j Roberts, T. Hunton Leith, !
Jesse CLANCY and Richard Norris.
c. G. o. October Earnings Higher.
Both gross end net earnings of Ches;
peake g. Ohio Railway for october W
show gain over year ago. It was Il
first month this year to show an il
crease in either gross or net, compare
with corresponding periods Of 1927. Pr
liminary figures show gross revenues
$l1 100000 net operating income
about 4,035,000, and surplus aft
charges of about $3,465,000. The con
parative figures for october last YET
were respectively $11 ,722,916, SO, ,393, A.
and $2,725,592.
Wholesale Prices Slightly Lower.
A reaction from the recent upwal
trend of wholesale prices is shown fl
october by information collected in rel
resentative markets by the Bureau
Labor Statistics. The bureaus weights
index number, computed on prices
1925 as the base and including $50 con
modities or price series, stands at 81
for October compared with 1901 Fl
September, a decrease OF nearly 2 l-3
Compared with October, 1927, howeve
with an index number of $40, an IL
crease of more than 0.759o is shown.
Farm products led in price declin
from the previous month, due mainly
marked decreases in cattle, hogs, shes
and lambs and potatoes.
Heard in Financial District.
T. v. O'Connor, chairman of t
United States Shipping Board, will
the principal speaker at the month
of New York Wednesday evening at Il
Hotel AStor.
w. w. Spaid of w. B. Hibbs & {
will leave Washington tomorrow I
4 New York to attend luncheon of t
4 out-of-town section of New York Sto
Exchange firms. The Washingt
broker was formerly chairman of IL
section and is now on the board
governors.
Recent favorable weather conditio
8 are helping all lines of retail busine
in this territory, according to repol
: from the Fifth Federal Reserve Distri
Goods are moving well, and in many
stances stocks are being augmented
provide for the holiday season, ms
y chants report.
Local bankers are receiving inVit
Il tions to the opening of the Straus N