Evening star., 1935-10-18
|. B. A. WILL HEAR
CAPITAL SPEAKERS
Judge Burns, S. {. c. Couq'
sci, on Program With
P. w. A. Executive.
BY EDWARD C. STONE.

director of the Public Works Admin
istration, are among the business,
professional aand Government officials
who will address the Investment
Bankers Association annual conven-
ton at White Sulphur Springs it was
announced today. President Ralph T.
Crane said that other speakers will
include:
David NJ Wood of Thomson. Wood
Il Hoffman, municipal bond attorneys,
New York: Lewis P Mansfield, super
visor. bond department, Prudential
Insurance Co. of America; Eustace
Seligman of Sullivan g. Cromwell,
New York, attorneys; B. Howell Girls
void, jr., Alex Brown & Sons.
Baltimore: Charles R. Hook. presi-
dent, American Rolling Mills Co, Mid
dletown, Ohio, and DR.. Benjamin M.
Anderson, jr.. economist, Chase Ma
tional Bank, New York City.
The five scheduled forums will in
clude informal discussions on the
distribution of securities. municipal
bonds, Federal regulation of the Sc
curities business, public utilities and
general business prospects.
1t was learned in the financial
district today that about 10 of the
leading investment dealers in the
city are planning to attend the SeS-
sions. More than 700 members from
all over the United States and Canada
are. expected.
Harrison Again Heads Road.
At a meeting of the officers and
directors of the Georgia, Southern &
Florida Railway, at Macon, Ga. yes
terday, Fairfax Harrison was re-
elected president E. r. Oliver and
John B. Hyde. both of Washington,
vice presidents; S. R. Prince, Wash
ington, general counsel; T. H. Seay,
Washington, controller; G. E. A. Nc
Carthy of New York, secretary; Guy E.
Maudlin. Washington. and w, S.
Camp Washington, assistant secre-
aaries; A E. Tate, Washington, and E.
r. Hunter, also of Washington, assist
ant treasurers; j. B. Early of Wash
ington, cashier; w. P. Hopper, Wash
ington assistant cashier, and H. K.
Murphy. Washington, paymaster.
Directors reelected include Fairfax
Harrison, Washington; J. Triplett
Haxall, Baltimore. Md; Earnest Nor
ris, Washington; T. Nelson Strother,
Baltimore, and j. B. Hyde.
Vice President Hyde presided at the
meeting.
American Stores Sales Up.
American Stores Co. sales for the
four weeks ended September %
amounted to S8,362 ,032, as compared
with Se,354,964 in September a year
ago. an increase of S7,O68, or 008 per
cent. Sales for the first nine months
of this year amounted to s85,5l8,802,
against $84907.3l7 in the like period
a year ago. an increase of S611. ABS,
or 0.O7 per cent. September sales were
better than in August of this year,
1884 was reported.
Acting Secretary of the Treasury
Coolidge reports that s998,090,050 of
the Fourth Liberty Loan bonds, or
about 80 per cent of the total called
for redemption. have been exchanged
for Treasury notes and bonds. OF the
total, S429. 100000 were exchanged for
The | p per cent Treasury notes and
S568. .910.O50 for the 23a per cent
Treasury bonds.
The Treasury has announced an
Offering of s1O0,000,00O of Treasury
bills, S50,000000 of which will fall
due on March l6 next, along with
Nizn mn nm oJJitiorol bi11c 1,ovo
been issued during the past three
weeks
Registrations Cover Big Sums.
During August As registration state
ments involving slightly more than
s257,000.0O0 became effective under
the securities act of 1888, the Securi-
ties and Exchange Commission has
announced Industrials and COM
mercial issues accounted for s139,000,-
900; financials, S28,000,000; foreign
governments, S74,0O0 900, and reorgan-
izatons, S16,000,00O Nine registration
statements were suspended during the
month. three by stop orders. one by
consent refusal order and five by with
drawals.
Interest in the coming convention of
the American Bankers Association is
increasing. The local delegation will
number about 40 perhaps more Just
added to the list is Gerald E. Keene,
one of the assistant cashiers at the
Second National Bank He also is
deeply interested in the bank auditors
convention to be held in New Orleans
at the same time. Victor B. Deyber
president of the Second National, was
one of the first financiers here to ar
range to attend the convention.
The current bulletin of the Guar
anty Trust Co., New York, just re-
received here, finds further moderate
increases in business activity in re-
cent weeks. 1t also reports a more
optimistic sentiment due to a belief
that normal recuperative forces are
IN the ascendancy.
Heard in Financial District.
Capital Transit stock figured in
10-Share sale on the Washington
Stock Exchange today at l812, up 4
from yesterdays close. Two l0-share
sales were recorded in Washington
Loan & Trust Co. stock at 20Oh.
Other bid and asked prices were prac-
tically unchanged
The Fidelity Building & Loan As
sociation announces notable growth
in the last six months, an increase of
3,760 new accounts, an increase in
assets of more than s1.230.00o and
the making of loans in the half year
amounting to S1,252,050.
Daily average sales of chain gro
Gerry stores for September increased
approximately 61s per cent, compared
with August and showed an increase
of AZ per cent in dollar volume as
compared with September, 1884, the
Department of Commerce reported
Total sales for the first nine months
of 1885 were 31a per cent above the
sales for the corresponding period of