Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-07

those who use the highest percentage
of their brains get ahead the fartheSt
in the business and professional world,
he said.
Continuing, the speaker mentioned
the new method in classroom work In
the institute whereby the students learn
a great many facts for themselves IN
stead of being given the information in
direct lectures by the instructors. His
talk was highly inspirational and he
convinced his hearers, If that were
necessary, of the vital importance Of
higher education in finance.
Frank M. Perley, chairman OF the
educational committee, presided, and
short talks were made by A. E. Herze.
this wears president, and by Robert
H. LaVey, chairman of the member
ship committee. Most Of the members
of this years faculty were present, and
also spoke briefly. Marked enthusiasm
was manifested over the outlook for
the Fall term.
instructors of the local chapter are
Raymond B. Dickey, +. j. Donohue and
B. j. Laws, attorneys; Eliot Thompson,
Washington Loan & Trust Co.; James
c. Duiin, American Security & Trust
Co.: E. j. McQuade. Liberty National
Bank, and Thomas Richardson, Uni
versity of Maryland.
BUSINESS sui Tops Last lear.
The Nations business and industry
continue to eclipse the high record of
1928, according to the weekly review of
the Department of Commerce.
The volume of money turnover dur
Ing the week ended August 81, as re-
fiected by check payments, while Slight
~ smaller than in the preceding week,
was far greater than that of the CORE
spending week last year.
The general level of wholesale prices
showed little change from the preceding
week, but was per cent under the 1928
average. Iron and steel prices, I'M
changed from the previous week, were
substantially higher than in 1928.
Stock prices reached a new high level
while bond prices, unchanged from the
week ended August %, were lower than
a year ago.
Business failures were less numerous
than in either the preceding week or
the corresponding 1928 period.
Employment Situation Reviewed.
The Richmond Reserve Banks last
bulletin says:
THE demand for labor and the num-
Der of available Workmen appear to be
reasonably balanced in the fifth dis
trict, with most unemployment in cleri-
cal circles and the ranks of the I'M
skilled. The industrial plants of the
district as a whole are using their full
quotas of workers coal mines are oper-
attng at seasonal levels, skilled men in
the building trades are nearly all EN-
ployed and public work on roads. streets,
sewers, ETC., is taking care of the usual
crew. There is some unemployment in
nearly all sections of the district :
Heard in Financial District.
Wilmer L. Waller, president of the
District of Columbia Bankers Associa-
ton: Lanier P. McLachlen, vice preSi-
dent, and Francis G. Addison, jr. past
president, plan to spend the week end at
Asheville, N. c.
Prof. David Lumsden, j. Wise Byrnes
and DR.. F. L. Milford, all of the Depart
ment of Agriculture, have agreed to
serve as judges for the fifth annual
amateur flower show of the Federal
American National Bank, to be held in
the lobby of the bank at G and Four
tenth streets. September and 10, all
day and evening.
Negotiations are under way between
Shubert Theaters Corporation and
Pathe Exchange, Inc, for a working
agreement by which Pathe will aid in
the financing of certain Shubert pro-
auctions and will receive in return NOV
ing picture rights and an outlet for pro-
duction in the chain of $50 Shubert
theaters, most of which 1t is planned to
wire for sound.
Childs Co. August sales, $2,478.206.
increase of III per cent over August,
1928; for eight months, $18,057,217;
increase, 3.8 per cent.