Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-15
DECREASE IN BANK
CLEAR|NGS NOTED
Drop of ga Per Cent From
Same Week Last Year
in D. C. Figures.
BY EDWARD c. STONE.

According to the Washington Clear
ing House figures, local bank clearings
for the week ending February IS, a
holiday week, amounted to $24906 900
against S26,028,000 in the previous
week, and a decrease of "a per cent
from the corresponding week last year,
which was also a holiday week.
The Department of Commerce re-
ports that at least three of its business
indicators-volume of check payments.
volume of steel plant operations and
the general level of wholesale prices
showed Improvement during the week
ended February 8, compared with the
previous week, but all three were lower
than the corresponding period in 1929.
Business failures increased during the
week under review.
The Department Of Labor, in dis
cussing the business situation, takes an
optimistic stand, reporting vast i'm
provement in the unemployment sitlla-
ton throughout the country indicates
an upward swing is in motion.
Walker Chairman of Board.
The stockholders of Standard Col
lateral Shares Corporation at their
recent annual meeting elected the fol-
lowing directors: Robert o. Deyer, John
j. Kindred and Herbert S. Bradt of
New York City and Kenzie w. Walker,
w. H. Clopton, Paul L. James, George
A. Randolph and Gibbs L. Baker, all of
Washington.
The new directors, at their meeting
following the stockholders meeting
elected the following officers for the
ensuing year: Gen. Kenzie w. Walker,
chairman of the board: r. o. Deyer.
president; Col. w. H Clopton, vice
president, and Paul L. James, Secretary-
treasurer.
Credit Mems Special Committee.
The special committee of the WASH
1ngton Credit Mems Association, which
is planning for the Midwinter dinner
and dance at the Willard on March 8.
includes these members:
John N Auth, N. Auth Provision
Co.; H. T. BisSelle, Riggs National
Bank; E. T. Burdette, Potomac Saw
1ngs Bank; P. j. Eichhorn, Hires-Tur-
ner Glass Co.; william B. Garrison,
Garrison Toy & Novelty Co.; L. M.
Hewlett, Grif1th-C Consumers Co; John
A. Reilly, secretary Washing
ton Association of Credit Men; E. II.
Ruark, Bradstreet Co.; L. T. Watts.
Standard Oil Co.; H. s. Meyer, j. Carey
King, Inc; w. r. Little, The Evening
star Newspaper Co.; r. Jesse CLANCY.
Commercial National Bank.
Insurance School Planned.
A special f1ve-day sales training
school viii be conducted in this city,
Onoer the auspices Of the District of
Columbia Life Underwriters Associa-
ton, from FEBRUARY II to February Fl
inclusive. Sessions will be conducted
daily from to $50 pm. in the new
quarters OF the Washington Board of
Trade, Evening Star Building.
ID A Williams Y1afjOV,oIIx, L,,art,,
safes educator. is to be the instructor.
The instruction in this school will be
confined to the question of handling the
human factors in the selling of life H.
surance. DR.. Williams has had five
years actual practice in the selling of
life insurance as well as many years of
experience as sales instructor.
More Cigarettes Shipped Abroad.
United States exports of cigarettes to
all countries In 1929 totaled BASS .95l.
600, valued at $19,495, 286, according to
the statistical division, Department of
Commerce.
Large increases for the year were
recorded in the shipments to France
as to Panama and Central America.
Decreases were registered in sales to
Canada, China and South America.
france took 362,083, 900 American
cigarettes, with value of $ol7. 799. as
compared with 276,30S,OOO cigarettes,
valued at $735,245, in 1928.
Other European countries bought
Sz1,S72,O00 cigarettes, with a value of
S9!7,676, in comparison to 2O1 ,952, 600.
valued at $525,211, for the previous year.
Heard in Financial District.
Heavy oversubscription of the Treas
orys Offering Of $50,o00,000 in new
n-interest bearing bills is reported
by Secretary Mellon. The total amount
applied for was $186,l83 900, and the
total amount accepted S56,1O8, 600, and
the average price of the bills to be is
sued is 99.174
Basil c. Linthicum has Joined the
real estate staff of the Washington
Loan q Trust Co.
The North American Co. is expected
TO show slightly over SIS a share in
earnings during 1929 and a gain in
output during the year of about IL per
cent. according to the Wall Street
Journal.
During 1929 total of 3.441 500 auto
mobiles were financed by All orsaniza-
lions, who advanced 81, $50, 8le, $50, ac-
cording to preliminary figures reported
70 the Department Of Commerce.
Or these machines, l,815,673 were
new and 1,543,795 were used. Total
advances on these two classes were. re-
spectively, S1,082, 645 ,039 and s468, 1885,
273. The balance was 1incIaSsif7ed