Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-20
Bankers Enjoy Sisson's Address

Local bankers were intensely inter-
ested in the address of Francis H. Sis
son. New York bank official, here yes
terday. His optimism is almost remark
able. He can see nothing alarming OF
any kind in the business sky. While
admitting that speculation is out Of
bounds, he firmly believes that any
business depression due to high money
would be short lived. He goes farther
than many forecasters and predicts that
business will hold up GEAR to the end
of the year and says that the present
cooperation between the Nations bank
ers and the Federal Reserve Board has
already proved highly beneficial in its
results.
Mr.. Sisson is one of the leading
bankers in the country. He is former
president of the trust company divi-
sion of the American Bankers Associa-
ton and for five years chairman OF the
public relations committee.
Cleaned In Financial District.
James A. Soper, president of Wash
ington Chapter. announced today that
the open meeting planned for Friday,
at which certificates for the first SEM
ester were to have been awarded, has
been postponed to April Is. Special en-
tertainers have been secured, who cam
not appear until the later date.
The directors Of the Merchants
= Transfer & Storage Co. have declared
the regular quarterly dividend Of Sf.75
per share on the preferred stock. The
dividend is payable April /.
Chairman Charles E. Howe announces
a meeting of the safe deposit section
of the District Bankers Association
tonight at headquarters. Important
reports will be made by the COM
mittees on Standardization of safe
deposit practices. Standardization OF
safe deposit forms as well as by the
educational and publicity committees.
The advertising committee of the
bankers association met this forenoon
at headquarters. Chairman Eliot H
Thomson presiding. Further expansion
of the associations advertising program
Is being considered with other matters.
The next meeting of the auditors
section of the bankers association. j.
Damn Faber, chairman, will take place
at the University Club on March 28.
Other Financial Notes.
Spencer TraSk g. Co. have formed
an investment trust and trading cor
poration under the name OF Spencer
Trask Fund, Inc. The capitalization
consists of common stock only. 1t is
being offered privately at SAL per snare
and being distributed in Washington by
Irving & Johnson.
Regional conventions of agents Of the
Acacia Mutual Life Association are
being scheduled at Jacksonville and
New orleans for the latter part OF the
present month. it is announced by OH
Gals at the home office, 10l Indiana
avenue northwest President William
Montgomery will preside at both gath
erings.
The United States Bureau OF LABOR
Statistics retail food index shows a de-
crease of about one-tenth of l per CEN
in the month ended February Is, anc
an increase of a little under 2 per CEN
since February, 1928. The increase i
approximately SO per cent since rep
ruary Is, 1921.
c. e. O. February Net Higher.
With the exception of 1927, Februar:;
gross revenues of the chesapeake
Ohio were the best for any slmlla
month on record, while net operating
income exceeded any previous Feoruar.
for the road. Preliminary estimate
gross revenues for last month is arount
$1,000. 600 Net operating income
expected to reach S2.850. 900 and sur
plus after all charges is estimated a
n approximately s2,250,0oo.