Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-26

meeting. he was 3&zz2zsazRa2zz
elected .ss i to TINS I post John D. Lonsdale.
convention of the local association, held
at Montauk Point, Long Island.
Reports win be presented by the
agricultural commission, banking prac-
tices commission, bankruptcy commits
sion, commerce and marine commits
sion, economic policy, Federal legisla-
ton. f1ftieth anniversary, national bank
division, public relations, education.
savings bank division. State bank di-
vision and trust company division. 81.
John D. Lonsdale will report to the
council as president of the association
and for the administrative committee
Reports will also be received from Exec
utive Manager Fred NJ Shepherd, Treas
urer Grant McPherrtn and General
Counsel Thomas B. Patton. The Spring
meeting promises to be one of the most
interesting held in years.
Bank Women Elect Officers.
Miss Mabel v. Royce of the WASH
ineton Loan & Trust Co. was elected
president of the Bank Womens Club
of Washington at its annual meeting
fast. night. Miss Royce, who sue
ceeds Miss Mary j. Winifree of the
Commercial National Bank, has been
vice president of the club for the past
administrative year.
other officers elected were the fol-
lowing: Vice president, Miss Judith M.
Fishburn, formerly of the Commercial
National Bank: recording secretary,
Miss Eleanor Dankmyer. Security Saw
ings g Commercial Bank; correspond
trict National Bank; treasurer, Miss
Eleanor Watkins, First National Bank
OF Alexandria, Va; historian, Miss
Rose L. Royce, Washington Loan d
Trust Co; members of the board OF
governors, Miss Mary J. Winifree, Miss
Louise M Mitchell. formerly OF the
Federal American National Bank; Miss
Harriet Barrett. Riggs National Bank;
Miss Virginia Marks, Glover q Father,
and Mrs. Laila M. Sloat, National
Metropolitan Bank.
Another Warner Stanley Offer.
Warner Bros. Pictures has offered to
exchange one share Of Warner common
stock for each remaining outstanding
share of Stanley Co. This is the third
and final Offer that will be made by
Warner to the 27,903 outstanding mi
nority shares of Stanley. The offer ex-
pires on May 81 The notice states
that following the Stanley Co. as a
separate entity in order to save unneces-
sary expense for taxes, etc., holders
who accept the exchange before May
10 Will IcCClNG Vic OAf1oClA0 Va ~ q
share on Warner stock, payable on June
2 to stockholders OF record May IL.
North Americans Earnings Up.
The consolidated income statement of
the North American Co. and subsidiary
companies for the IL months ended
March 81 shows S27, 891 ,42672 for COM
mon stock after all operating expenses,
interest charges, depreciation and all
other reserves and preferred dividends.
These earnings are an increase of
1858 per cent over those for the IL
months ended March 81, 1929, and are
equal to $5.06 per share on the average
number OF shares of North American
common stock outstanding during the
II months ended March 81, 1880, COM
pared with s484 per share on the aver
age number of shares outstanding dur
ing the preceding IL months period.
Gross earnings were $148, 1872 ,225.11.
Operating expenses, including inainte-
nance, taxes, and all reserves except de-
probation. were s76,314 ,60S.50, and net
income from operation was ST.
877,616.6l.
Details of Pennsy's Report.
Pennsylvania Railroad reports for
March net railway operating income of
$780, 20, decrease of $3,741 ,440 when
compared with the corresponding month
OF last year: for the first three months
Of 1880 the account shows total of
$i9.406, 721, a decrease of $8,1l4, 76l
from the corresponding quarter of 1929.
In March, 1880, railway operating rev.
efues totaled s48,622, 1882, decrease Of
$6,770,214, while for the three month
period they amounted to S142,O61 ,5$5,
decrease Of $l4,678,4 38. Freight rev.
enues for the month aggregated $34.-
0s3, 349, decrease of 1924, 683. For
the three months they were $98 ,675, $50,
decrease of $11,852,816.
Heard in Financial District.
Those engaged in the business de-
velopment campaign Of the District
National Bank brought in more than
$50, 900 in the first nine banking days
Of the campaign, according to an
rouncement yesterday. This is 8 per
winners of the silver trophy were the
Evans-Martin team Of the officers and
directors division, with the Cotton
Barnard team q close second.
The directors of McCrory Stores
Corporation have declared the regular
quarterly dividend of SO cents per
share on the common and class B COM
mon stocks, payable June 2. 1890, to
stockholders of record May 20.
- The Great Atlantic g. Pacific Tea Co.
OF America has declared the regular
quarterly dividends of SIPS on the
common and Sits on the preferred,
both payable June to stock Of record
May S.
@E. H. Rollins g. Co. and Stroud,
Kurtz IL Co. are participating in an
offering of 1900 shares OF General
Water works & Electric Corporation
$3.50 series cumulative preferred stock
With class A stock purchase warrants.
The stock is priced at $3.50 per share,
70 yield $50 per cent.
All the local brokerage houses in the
city will go on daylight saving time
Monday, when the New York Stock
Exchange and the other big markets
omen at 8 o'clock and close at o'clock
FLORIDA BANKS CLOSED.
TALLAHASSEE, Fla, April 2s (P).-