Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-22

dents; Frederick P.
H. Siddons, secre-
tary; Charles E. Il
Howe, treasurer; III
David N Houston, Sf# Al
trust officer; Will ~ M
jam L. Beale, real
estate officer; j. Corcoran Thorn.
Damn Faber. audi
cor: Albert H. Shillington and Robert
Z, Father. assistant secretaries; Will
liam w. Keck, Hans w. Ireland, Percy
c. Brady. James c. Dulin. jr.; Edward
E. Swan, Richard E. Harris, Harry P.
White and Charles C. Boswell, assist
ant treasurers; T. Stanley Holland,
Arthur G. Nichols, j. Eliot Moran and
Earl G. Jonscher, assistant trust off,
GERS; John E Benton, assistant auditor.
North Capital Savings Election.
Officers and directors Of the North
Capitol Savings Bank were reelected
as follows: Theodore Michael, presi-
dent; George Clagett, vice president;
P Henry Coates. cashier; E. S. Bur
CESS, secretary; E. M. Michael, assistant
cashier.
Directors-Paul Allen, E. S. Burgess,
George Clagett, P. Henry Coates. John
A. Eckert. Charles w. Floeckher, Ed
ward F Hall, Joseph A. Herbert. ST.;
Allen Hollander, NJ. l.. Michael, Theo-
0OIE MICHAEL. NldlCliCC NOAACt 0OOA 81
E. Phillips, C. F. Sewers, Charles B.
Stewart and Charles E. Young.
Chevy Chase Officers Unchanged.
All officers of the Chevy Chase Saw
ings Bank were reelected at the meet
ing of the organization last night and
are: Frederic Ernst Harrington, presl-
dent: Thomas w. Perry, first vice pres
ident: Joseph A. Burkart, second vice
president: j. Ezra Troth, third vice
president and cashier; r. A. Weaver.
assistant cashier; Paul Sleman. coun-
sci: CLYDE D. Garrett. secretary, and
Samuel Peacock, auditor.
Fisher Sees Market Revival.
4When stockholders realize that bust
ness is going along all right we should
have a resumption of the bull market,
Irving Fisher, professor of economies at
Yale University, said in New York last
night.
damaged as much as most people pc
lieve. There has been no commodity
price imitation. no excess OF inventories
and very little unemployment. The
crash was In the market ana not III
business"
Regarding the more distant future, he
was less confident.
"I am very much afraid that in a very
few years our prosperity will absorb
our gold supply. and when 1t does, we
shall have an insufficient base for our
prosperity" he said, Unless people
realize the shortage of gold and prevent
it. either by design or accident, we shall
have falling price level for many
years"
District Insurance Sales Up.
sales of life insurance in the District
of Columbia we're 19 per cent larger In
December. 1929, than in the same
month in 1928, according to information
lust received from Hartford, Conn.
washington was almost to the top OF
the list. The best gain was scored by
Iowa with % per cent, while Washing
State stood second with 20 per cent.
The District of Columbia was third.
Maryland showed gain of "a per
cent. South Carolina was up Is per
cent Georgia 10 per cent and Virginia
Z per cent. The average for the coun-
try was 5 per cent Florida fell below
the average with a gain Of per cent
and West Virginia reported l per cent
Improvement North Carolina made the
poorest showing of any Southern State
with a decline of % per cent. Nevada
was at the bottom CT the list with
drop of 33 per cent.
THE report states that December made
a new high record for the country, this
in spite Of the stock market crash.
Predicts Thawing Out Of Loans.
Paul Clay. New York economist, who
recently addressed the Washington
Bond Club, declares that frozen loans
should be thawed out by or before the
middle Of March and says this should
bring to light large aggregate OF hid
den buying power. Mr.. Clay maintains
that the credit situation should i'm
prove greatly in March, and adds that
the bond market is now on an upward
trend.
The economist further seys that any
liquidation remaining in the stock mar
ket will be neither large nor intense
and a new era of prosperity should
begin in August. He fears the trade de-
preston will continue into July or
whereabouts, even though approximately
the lowest level has already been
reached. He contends that the easy
profit era is thing of the past and
that for long period of years pros
perity and profits will have to be
earned"
Heard in Financial District.
Motor output in December, as re-
ported by the Department Of Com
merce, was the smallest for any month
in four years. and the drop was par
division. However. there has been a
noticeable improvement in motor pro-
duction since the first of the year.
Charles c. Edwards, a past preSi-
dent of the Real Estate Board of New
York and past president of the Ma
tional Association of Real Estate
Boards, has been elected president OF
the New York Real Estate Securities
Exchange. to which Harry A. Seay OF
Washington has been elected
with underlying conditions sound
we believe that the recession in general
business will be checked shortly anC
that improvement will set in during the
Spring months" says the Harvard
Economic Society in its current weekly
letter.
The Advertising Federation of Amer.
lea has selected the National Capita
as the scene of the 1880 convention
May l3 to 81, inclusive, are the dates.
II. F. Kimball announces that Balti
more chapter bowlers will be here Sat
urday night to meet Washington chap
ter. The teams and chapter officer
will have dinner at the Raleigh ant
the contests will take place at tn
Arcade. The local pin men we're de
feated at Baltimore and hope to re
trieve lost honors.
Trading on ID. c. Exchange.
Trading was moderate on the Wash
ington Stock Exchange today. Tel
shares Of Riggs National Bank stocl
sold at SIS and Is shares of CONNER
cial National at 245. Capital Tractio,
sold to the extent of five shares at SO
Ten shares of Merchants Transfer Z
Storage preferred came out at 1901:
and Peoples Drug moved at recen
levels. Bonds were In fair demand.