Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-10
TRADE EXPANSION
SEEN BY BANKERS
Removal of Restraints Would
Hasten Recovery, AssoCia-
ton Journal Believes.
BY EDWARD c. STONE.

liUl JOuFIldl o ciICVPS.
BY EDWARD c. STONE.
There has been some expansion in
domestic trade and manufacturing &C
tiyity during the past month, but prob
ably OF no more than seasonal scope,
the American Bankers Association
Journal says in It's current discussion of
the condition of business. AS to the
foreign situation it says that improve
ment in Germany has been offset by the
crisis in England, and practically every
country is now suffering from the slump
IN foreign trade. industrial depression,
unemployment and unbalanced bud
gets The Journal continues:
Conditions in the industries furnish
basis for confidence that, if only the
artificial restraints that are cluttering
the path Of progress were removed. the
rank and file Of American corporations
could follow the way that has already
been SHOWN by many Of the more ag-
gresSNe organizations toward increased
turnover and earnings through drastic
lowering OF prices and costs, better adj
NCrtlSlng and more Of it. introduction
OF improved methods and development
of new products"
Brokers Death Shocks Friends.
The death Of Arthur Foraker, prom
inent local broker and for several years
manager Of he Washington office Of
Eastman, Dillon & Co. was distinct
shock to his friends II the Street"
He held a sect on tine Washington
stock IEoGaag1 aud was very regular
IL his attendance until he encoun cred
poor hclth As an Official in the
j.
important role il getting that new or
ganlzatlon en- its feet The Carpet Cor
paraGoa, of which he was secretary,
has been listed On the local exchange
for about three years. the food dis
tnhuung concern being practically a
local organization.
Several months ago the local bust
ness OF Eastman. Dillon & Co, was
taEen over by Auchincloss Parker &
Redpath, ana MI Foraker became af-
fIliated with this office soon afterWard
going to Blur Ridge Summit, hoping to
EuiLd mp hrs health He was a great
personal tayglitc and unusually We'll
informed on uCE market affairs.
Southern Votes Dividend.
Direct rs of Ire Southern Railway
have declared the regular quarterly
GHlaznd Of Sl25 on the preferred
record September O. At the last meet
lug the board announced that no fur
theT dividends would be paid on the
common this Year and that the queS-
ton Of 1892 payments would be con-
Sidered ct the December session.
Personal finance companies operating
III tie washington area under license
from Virginia ana Maryland State
banking departments have organized a
lenders exchange The officers, who
will also serve as board OF directors,
have been elected as follows: President,
Davis Weir. state Loan Co, Mount Raj
niar Md. vice president. Walter E.
EuClC!s. American Fidelity d Loan
Corporation, Seat Pleasant. Md: secre-
tary, Dewey T. Jones. Maryland Per-
Sonai Bankers. Silver Spring, Md; Carl
H. PaEnt1. First industrial Bankers,
Noun RAINIER.
Cleaned in Financial District.
7--,-,4,,,, t1,,..i,,,+-,, ,,ae racei,;,,o
!, ..1-.it is rot,,rI
- g. = - - ~ JIihbr = CO
80, ;iI,coae - rao~,1, vear Re-
f@ro IL rarar,a converted with the
L@',s, IL Hibbs he had been manager
frr rht Years Of the broker ONCE of
- roLr E,wa,de A. that
tn,o s. v.gs "a r,arobar of The t'1 Washing
teD Stock Fyc1pnge
George Bowie Chapman, resident
Partner g HaitlAan y 20, mas oee ~
ls-e.ee-ed 70 INC pGaIo OF directors "
me van lamp Fachillg 20. OF 1Lluidll !. ;
2g-ls. ILes.aellt 4lt una Itp ,e d az
.-lf annual IleelIl!g IL9L ti4e leol saIli-
.lti2l q VIZ company mas pselI ~ a.
ta!iS So..'!t ~ Il!"I asIe2 a.
proving ana IilaJ re" pI4oueoS neSgil w
aat On ne ma NeO az ICING "e44 *
~ 10 o,,,.,.a,,+ ise,,a ~ Creator wash
motion mo affiriaI organ Of the cham
l3ar ~ (-nr,r1erce PRESIDENT Robert Y.
I7la,,,j,,eN - ~ /, i,r,rc Nationoi penk
ItCilHl5 - lll1 Hissa 1."'iC Ctts, Hoit -
Pays . LOVING tt1PuE 70 S ia ~ ~
49, c1,arL ~ - ne ona1A poar
"f vrss,i --' Ia Iaading citi2ans -
President 3. ]. Seeilwagen Of the
TrDicn Trust co who is now at Emer-
,ro,,e,- tIae,,itaI Tor trao tr;en+ received a
,ai c+,lo, +,,, -, =
1.dlI.IsIie 10 a. ~ "a aoiI
chan9e Mr. Steiiwaaen does not hold
. scar on fhe EXCHANGE AT present but
l"s John F. Brawner of waggaman.