Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-23

tered 26A. In the
unlisted depart 49, s>3,,
ment ii shares OF Il p
Chaplin Sacks per SS$%4 ~
cent preferred NOV 49, s.
ed at 1854. 1893 s$3
The rest OF the !. e.
days trading was
in the bond de- Frances M. Peares.
partment. Wash
inrton Gas SIS, Potomac Electric Power
&c and Capital Traction os moved
around recent levels.
Miss Pearce Ambitious Banker.
Miss Frances M. Pearce, who won the
Institute Essay contest, which Is spon-
sored bv the District Bankers Associa-
ton, Joined the staff OF the Federai-
American National Bank N August,
1928. when the American Granite Asso-
citation, by which she had been en-
ployed, moved its offices to Boston. Sne
has been working since the age OF ~,
having completed 9 course at, Wooos
Commercial College, and an academic
course in the District Evening High
Schools.
Miss Pearce helped inaugurate new
business extension department IN the
Federal-American and Is highly enthu-
siastic over advertising and new nusi-
ness projects. She attended the con.
vention of the Financial Advertisers
Association at Atlanta last September
and read q paper at the "our best bet
luncheon, which paper was considered
one of the best submitted.
This Is not the first essay contest that
Miss Pearce has won, as she was CHOSEN
the winner of the Federal Banks EN-.
ploye contest on Direct Mail Folders"
some months ago. Miss Pearce Is editor
Of 1.-THE Teller" her banks official pub
lication, q paper of great interest to the
employees She Is only ~ and her ability
and ambition are clearly shown in the
winning of this contest in which there
were 20 contestants.
Holdings Of Bills Increase.
The consolidated statement Of con-
dition of the Federal Reserve banks on
May 81, made public by the Federal
Reserve Board, shows increases for the
week of 100000 In holdings OF bills
bought In open market and $4O0,0OO
In United States Government securities,
and a decrease of 100000 In bills dis
counted. Member banks reserve de-
posits declined $5,200,000 and Federal
Reserve note circulation 81, 200,0 900,
while Government deposits increased
$24,300, 900. Total bills and securities
were $l1, 5000 above the amount re-
ported week ago.
LIE 1uGSEStdUc SOIIlluCICC SuAAlukl0-
sion has authorized Chesapeake & Ohio
Railway to issue $18, U.s., 400 Of COM
mon stock and to sell In addition
thereto 20,142, 200 Of common capital
stock. This stock win be offered for
subscription at par to common stock
holders.
The issue will be sold to stockholders
as of a record date. to be determined
later in the ratio Of one share for
every four shares held.
North American Assets Higher.
The statement Of North American Co.
and subsidiaries Is of March 81, 1880,
shows total assets of $40, ass, 81, COM
pairing with 1851 .416,955 on March 81,
1929, and total surplus Of $131, 727, 405
against $103,496,216. Current assets
totaled $50. 1885, 28 and current liabili-
ties, including accrued taxes, interest.
pairing With So, ssI ,7so and s27, isi, 2ss,
respectively, on March 81, 1929.
Another 100000 policy of life insur-
ance has been issued on each Of the
lives Of Amos n Andy, the team Of
radio celebrities, according to John II.
Snyder, president of the District Of Co
lunbia Life Underwriters Association.
These policies form q part Of $500, 900
. on each Of the artists bought by Radio
% 1000 900 in force on these two lives.
At meeting of the board of directors
Of the District National Bank yesterday
Charles c. Rogers, for 20 years direct
or In the bank and one who has con-
tributed very much to its progress, was
elected vice president, to I'LL the posi-
ton occupied by w. L. Sansbury, de-
ceased.
Convention Plans Announced.
Frank M. Perley, recently elected To-
cal institute president, announces that
the Washington delegates win leave
here on special train on June Is at z
pm, joining other delegates from Phil
adelphia, Harrisburg and Pittsburgh.
Some intensely interesting stops have
been planned on the way out.
The program is one Of the best in
years. Subjects to be discussed include
audits and examinations, bank admin
istration, bonds and Investments, busi-
ness development and advertising,
checks and collections, credits, foreign
trade and foreign exchange, savings
banking and trust functions.
The national public speaking contest
for 81, 900 in prizes and the national de-
batting contest are two Of the high
lights for evening sessions. The day
sessions will be given over the depart
mental conferences touching every
phase OF banking.
About SO local chapter members have
been elected to attend the convention
but the axact list Of delegates is not yet
made up.
Heard In Financial District.
The North American Co. announces
that plans are under way for another
addition to the Benning plant OF Po-
tomac Electric Power Co. In Washing
ton. The new addition will house q
turbo- generator of 10000 kilowatts ca
pacity with boilers and auxiliary equip
ment and will increase the plants ca
pacity to 208, 900 kilowatts.
In the recent final examinations In
standard banking in the educational
course of Washington Chapter, Ameri-
can Institute of Banking, Miss Mary
Chadwick of the Washington Loan e.
Trust Co. turned in a perfect paper
passing with a grade OF 100 per cent.
Henry Ford tops the list of business
leaders whose ideas on one or another
phase of the march of industry are pre-
sented in the June number of Nation's
Business.
Mr.. Ford philosophers about the in
dustrial possibilities of Russia, to the
advancement of which he Is lending
aid and support. He believes that work
will keep Russia sane and that busy
bolshevist Is better than an idle pro-
1etarian.
At the national conference for the
prevention Of fraud, held at the United
States Chamber of Commerce, Watson
Washburn, assistant attorney genera
in New York State, estimated that
swindles involving $22 ,000. 900 have al.
ready been detected this year In New
York. OF this amount only 100000
has been recovered.