Evening star., 1930-12-13
CLEARINGS DECLINE
HERE DURING WEEK
Baltimore Only City to Make
Better Showings-PIans
for Bank Conference.
BY EDWARD C. STONE.


Bank clearings in washington for
= the week ended December IL amounted
to $26,472, 900 in comparison with $685.
10000 in the previous week, and a de-
crease from the corresponding week last
year of 7.3 per cent, according to the
hgureS Of the Washington Clearing
House Association.
According to Bradstreet's report for
the whole country, Baltimore was the
only city in the United States to show
. smaller decrease in clearings than
this city noted.
Clearings for the whole country
totaled $8,062 1892 900 compared with
$9,993, $4,000 in the preceding week
and $12,347, ,933, 900 in the correspond
ing week last year. This was l9 per
cent drop from last week and BAT per
cent from the same week in 1929.
Bank Farley Plans Outlined.
After q conference with President
Lanier p. McLachlen Of the District
Bankers Association, and Robert ".
Fleming, committee chairman; Frank
w. Simmonds, deputy manager of the
American Bankers Association, has this
to say about the Central Atlantic States
bank management conference to be
held in Washington In February
Four sessions will occupy the two days
and will give participating bankers an
opportunity to engage in an intensive
study and discussion of current bank
MANAGEMENT problems. Successful bank
ers, chosen because of their qualif1ca-
tions to present practical knowledge
gained from seasonal f1rst-hand ex-
perience in bank operation will address
the delegates. The application of the
best banking practices and methods to
the individual banks requirements under
conditions confronting them today will
be treated from all points of view. The
delegates will be given opportunity to
engage in an interchange Of ideas and
experiences regarding the different sub
jectS discussed.
"The keynote of the conference" says
Mr.. Simmonds, will be better bank
management and will have for its goal
satisfactory profits for the bank, COM
plete protection for the depositor and
adequate service for the community.
The conference will present a program
of scientific study and actual expert
ence-a study of conditions that con-
front banks today, with conclusions that
have been thoroughly tested. Bankers
who have met successfully imitation,
deflation and all the other situations
which have called for brains, judgment,
tact and discretion. will tell how they
have kept their position sound. The
practical side Of bank management,
OoHCC4dAAy do dRpAkCO W OuhAo,
viii be given preference"
Light on German Finance.
How Germanys rapid economic re-
covery in the last 10 years has been
achieved, reparations payments made
and how currency stability is main
tanned in spite of these heavy interna-
tional payments is vividly explained in
q new book, "The German Reichsbank
and Economic Germany" by Solomon
Fink Of the College of the CITY of New
York. The book, published by Harper
B Bros, contains an introduction by H.
Parker Willis, former Washington econ
mist connected with the Treasury. Prof.
Willis considers that the author has
made an unusually clear analysis of
crucial period in the history Of Ger
many, involving an unprecedented series
OF problems iTae central banking
The author gives picture Of post
war Germany that is highly educa-
donal. He has written on such sig
nificant aspects of the situation as the
influence Of reparations payments on
the breakdown of Germany's monetary
system, efficiency Of the Rentenmank in
stabihzing the currency, the causes CT
the increase In foreign loans to Ger
many, their use in financial reparations
payments, and their retarding effect
upon the economic readjustment OF the
country. 1t is book that students of
international finance will enjoy read
ing.
Trust Shares Offered Here.
e. A. Pierce g. Co. are making the
initial offering of Fundamental Trust
Shares q fixed investment trust. The
units represent participating ownership
In 40 American enterprises comprising
az industrials, 10 utilities, railroads
and oil companies. The average period
during which the companies represented
IN the portfolio have paid consecutive
annual dividends is 81 years.
Gas Expansion Well Along.
Improvements which will enable the
local plant of the Washington Gas Light
Co. to produce 100000 cubic feet of
gas per day more than the present out
put will be completed on or before Janu-
ary Is, according to Walter M. Russell,
chief engineer Of the company. The
present figure OF daily production has
been reliably estimated at 26,000,000
cubic feet.
Work has been going on under Mr..
Russells supervision TO improve and
l1nodernize the three largest "SetS," or
gas-making machines, for the past sew
eral months. To date one new set has
been completed, adding approximately
100000 cubic feet to the company'S
papacity. Improvements, for which an
expendii '-e of 100000 was provided,
Hre being made on the eastern plant of
kne company near Anacostia Bridge.
3 Cleaned In Financial District.
!: Directors of the Bank of Commerce g.
Savings have voted to pay the usual
Christmas bonus TO all employees of the
bank, again this year.
!: Hartman g. Co, the New York Stock
Exchange firm which has maintained q
washington ofice for many years, has
Issued statement saying that they are
IN no way connected with the Arms in
cluded In the consolidation OF Brown
Brothers g. Co., w. A. Hartman & Co.,
Inc, and Hartman Brothers & Co.
The Federal Reserve Bank of Rich
nnond received $32.529, 900 in subscrip-
lions for the new Treasury issues. Sec
fetary Mellon announces that the Rich
nnond was allotted $9,667, 900. The
issues were tremendously oversubscribed
m all districts, requiring some sharp
reductions in allotments.
National Dairy Products Corp. has
listed l77,628 shares Of common stock
on the New York Stock Exchange for
purpose of acquiring the Western Mary
land Dairy Corp
Fox Film Corp. has declared the reg
ular quarterly dividends of 81 each on
The Class A and class B stocks, both
payable January Is to stock of record
December 81.
Stockholders in Indiana State banks
are liable to assessment for double the
amount Of their stock when a bank
fails. the State Supreme Court ruled.
Provision for double assessment is made
m constitution, the ruling says.
ATLANTA BANKS CUT
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