The Washington times., 1930-12-15
VITAL CHANGES
ARE DUE SOON,
IS BELIEF
Brokers Believe That Eco
nomic Structure May Steady
Through Measures Sought

IIHVuHI WOoOuI 60 SVu8Hk
Developments in the economic
situation Of the United States
within the next few weeks may
be Of vital importance to the
financial outlook Of the Nation,
Washington brokers and financial
men believe. ..
With a laggard stock market
constantly seeking lower levels,
prices Of commodities rapidly
rising, and the number of unena-
ployed steadily growing, they
aver crisis will be reached bO.
fore the end Of the year.
Chances Good
The stock market today Is IN
bad shape, they say, but claim
that 1t has excellent chances of
recovering If it is given the
proper support. This support
should be forthcoming, financial
men claim, If those directing the
salvation moves have foresight
enough to force the moves into
effect.
Commodities have been very
much affected by the intense
drought which swept the country
last summer. This natural CON
dition cannot be stopped, experts
claim, but they declare that steps
now being taken for the relief
Of those affected will tide them
over until another crop can Be
grown and marketed. -
The unemployed question -
one Of the most vital affecting
the country. Hundreds and
thousands Of men and women
throughout the entire country
are joblesS and face what may
be a hard winter without any
too good chances Of getting work.
A Bright Spot
One bright spot in this gloomy
outlook however, the financiers
say. is the growing demand for q
five-day working week. This
they claim will aid greatly in
some sections in solving the queS-
ton Of the jobleSs. t@
Another factor, it is claimed
is the possibility that the manH-
facture Of a grain beverage such
as beer may be allowed as soon
as legislation is effected to pro-
vide for this. OF course a Ger.
tain element of the country are
opposed to this. but it is de-
clared by many that it would be
Of great help in that it would
introduce q new buying power
into certain markets and that 1t
would provide employment for
hundreds Of thousands. .....
Paul D. Keller, who until re.
Gently was assistant manager OF
Hartman and Company Washing
ton office, today became actively
associated with the local brokerage
firm of Fenner and Beane.. He
had also formerly been connected
with Reade, Dillon and Company
of New York.
Mr.. Keller was educated in the
public schools of Washington. He
is also a graduate Of Columbia
College, receiving high honorS
from that institution. He has
been a lifelong resident Of Wash
ington and has been active in Q
number Of clubs and fraternitieS.
and is a devotee Of sports, his
hobby being football.
The appointment Of Luther z
Cab nYa mA% n ~
Excinios, vice chairman, of the
hotel committee for the District
Of Columbia Bankers Associations
annual convention at Hot Springs.
Va, next June, has been an
nounced by Frederick P. H. Sid
dons, secretary Of the American
Security and Trust Company, gen
eral convention chairman.
Mr.. Schreiner is vice preSidenA
of the Federal-American National
Bank and Trust Company. He
was born in Washington and is q
graduate of the local public and
high schools. He began his bank.
ing career with the Home Savings
Bank, later becoming manager Of
the Northeast Branch Of the Am.
erican Security Trust Company in
1922. He became vice president
Of the Federal.American National
Bank and Trust Company upon
the recent completion Of the mesA
ger Of the Federal-American Ma.
tional Bank and the trust com
pany.
Mr.. ExcinioS was horn in New
Orleans. He has been active in
banking circles in the National
Capital number Of years and has
been associated with the Depart
mental Bank, of which he is presi-
dent, since 1921. -.....
Both these officials have been
active in the affairs of the DiSd
trict association of bankers and
both have headed important. COM
mittees.
IG0yo1 117Sooi0n 0rdo1.o