Evening star., 1932-10-20


ing S Sep pit e m n, ]I<
1892 amounted to S3z2ff
S36O36,718. This
figure represents a Joseph r. sizoo.
1.O4 per cent in
crease ever August, 1882. when the
volume for these cities was s33,604 .sS4
Permits issued during September, 1887
fell g. per cent below the same month
Of 1881.
For the first time since 1922, when
the Straus building survey was started,
New Ycrk City fell from first place in
the amount CT building permits Issued.
Detroit going to the front with total
OF sA.1e3.S72. as against S3,927,212 Tor
New York City, Since 1922 Detroit was
never lower than twelfth in the list OF
cities until 1881.
The 25 leading cities, as a group, re-
porting the largest volume CT permits
for September, show an mcrease ase OF
;48O2 per cent over August, 1882, a
decline of 81 80 per cent from Septem-
Der. 1881, and decline OF 1884 per
cent from September, 1880.
Bankers to Hear DR.. SizoO.
Chairman Norman E. Towson CT the
Forum Committee, Washington Chap-
ter, American Institute OF Banking.
announces that DR.. Joseph R. Sizoo,
IL
terian Church. has also been secured
as a speaker at the first meeting OF the
saas-n, next Wednesday at $50 pm, at
the Hay-Adams House. DR.. Sizoo has
made a great many addresses to but1-
ness men and has made close study
Of their problems and duties, He holds
many collegiate degrees, has written
several books, served during the World
War as an oversees chaplain and STANDS
high in the Masonic Order.
As already noted, the other speaker
is to be Grosvenor NJ. Jones Of the De-
partment of Commerce, an expert In
International finance. Reservations are
coming in rapidly. so that the success
Of the opening forum is already assured.
Banking at the Cross Roads" has
been chosen as the theme Of these Win
ter meetings, which include discussions
on many special topics.
Auditors Ready for Farley Here.
The opening session of the first re-
gional conference of bank auditors and
controllers is due to opensat the Willard
Hotel tomorrow morning at 10 O'Clock,
with an address of welcome by w. M.
Harris, chairman of the auditors Sec
ton of the District Bankers Association.
The attendance of expert auditors
promises to be well over 100. The local
banks will be represented by their audi
tors or controllers or other officials VINO
have the final charge OF their financial
records.
Three notable addresses are on the
program for tomorrow morning. Rus
sell F. Thomas, president of the Ma
tional Conference of Bank Auditors and
Controllers, will report on the recent
annual convention at Los Angeles.
James H. Douglas, Assistant Secretary
of the Treasury, will speak at the fore
noon session, as will James E. Baum,
deputy manager American Bankers AS
sociation.
c. H. Pope, president of the District
Bankers Association, will speak at the
luncheon tomorrow The afternoon ses-
sion will include addresses by H. h.
Mckee. president of the National Cap
ital Bank and chairman of the Wash,
ington Clearing House Association, and
A. j. Kenner of New York.
&C. Bankers Meet Tomorrow.
The Fall meeting OF the Dlstrlct
Bankers Association takes place tomor-
row afternoon, beginning at O'CLOCK
ports from the Budget Committee, un-
DER the Craftsmanship OF George y.
Vass will be made; Francis G. Addison.
ir.: chairman of the Committee on Law
End LEGISLATION is also due to present
q report, while another important re-
mort will be presented by Eliot H.
THOMSON. chairman of the association S
Advertising Committee. With the local
business out of the way, the members
will hear a full report on the domgs OF
the annual convention OF the American
Bankers Association presented by Rob-
ert v. Fleming. just home from Los
Angeles. The advance program lndl-
Gates that the october meeting Will be
Of unusual interest and Importance.
virginia Man Exchange Head.
Charles Slaughter, the new president
of the New York Rubber Exchange, has
had a broad and successful career IN
the New York commodity markets. He
started his business experience as a
runner for the brokerage firm of
Shearson, Hammill & Co. Subsequent
ly, he attained prominence through his
trading and executive activities in cot
ten and other commodities.
In 1929. Mr.. Slaughter organized his
own firm, Slaughter. Horne q Co.. COM
mission merchants in rubber, coffee,
sugar and other commodities. Prevl-
ousiv l,e had been partner in the firm
CT <. +. Craig & Co.. dealing in cotton,
ccfi-. md sugar.
NJ. Slaughter Is As years old and Is
married. He Is native of Lynchburg,
Va, and attended the University Of
Virginia
Trading Better on Exchange.
Trading was the most active on the
washington Stock Exchange TODAY tnat
it has been this week. Every trans
= action was in bends. The market
opened with $1,000 washington Gas
Light SIS selling at 10112. The next
sale was $1,000 Washington Gas Gs,
Series A, moving at 1924, followed by a
/ $500 turnover IN Washington Gas SIS
{ selling at iO134. The closing sale was
ISL 900 Potomac Electric Power Consoli-
= dated SIS priced at 103.
. The American Stores Co. has declared
s the usual extra dividend of SO cents,
Spayable December l to stock of record
8 November IL, and the regular quarterly
3 dividend of so cents, payable January
{ to stock of record December 13. The
: extra dividend Is the usual declared at
this time of the year.
Reports from the Investment Bankers
Association Office In Chicago, show that
registrations are ahead of last year and
: the Convention Committee is now hope
full that attendance may approximate
that of $780, which was about 500. The
largest attendance was 1,024, at Allan
= TIC City IN 1873, Wnen the asSoclaClon
membership was more than a third
larger than at present.
;; Other Financial Notes.
Another offering of s80,O0O,000 in Oh
day Treasury bills, to be sold on dis
count basis, IS announced by Secretary
Mills. Tenders will be received up to
pm. Monday.
The Treasury has allowed tax credit
Of S154,641 and refund Of 1894 to the
Singer Sewing Machine Co. and Singer
Manufacturing Co. of Elizabeth, N. j.
for overassessment of income taxes in
925-26-27.
The Norfolk & Western Railway Is
nlacin0 orders for s 600 tons of steel