Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-01
RULES FOR TRADE
ETHICS DUE SOON
Federal Commission to An
nounce Result of Study
Recently Undertaken.
ny JOHN F. sINCLAIR.
speclaI Dlspateh 70 The star.

Special Dispatch to The Star.
NEW YORK, April 1.--Just about the
time Attorney General Mitchell an
nounced the action to dissolve this
Sugar Institute the Federal Trade
Commission announced that it shortly
would have ready for publication its
rules of ethics applying TO the various
trade practice groups.
In the luggage industry the commits
sion has laid down 10 rules defining un-
fair trade practices for that industry.
1t is expected that rules applying TO
various other industries viii soon be
announced and will follow rather closely
those laid down for the luggage indus
try.
In the luggage industry the commits
sion condemns allowances for rebates,
refunds and commissions to favored
customers. 1t condemns discrimination
in prices between different purchasers
of commodities where the effect of
such discrimination may be to sub
Stantially lessen competition or tend to
create monopoly in any line Of COM.
MERGE"
The selling of goods below cost with
the intent and effect of inturing a COM
petitor is also condemned.
Other matters taken up are those
dealing with defamation of competi-
tors, untrue advertising or any other
practice that results in injuring COM
petitor by unfair methods.
1t Is interesting to note that little
progress has been made on the sub
ject about which most trade practice
discussion centers-i. e.. how far COM
petitors can get together and fix prices
in any line of industry.
Bank Statements.
A comparison of the statements for
March IS of the two largest banks In
the United States-the Chase National
Bank and the National City Bank, both.
OF New York-makes interesting read
ing.
The Chase shows deposits Of little
more than 81. 1888 ,000, 0Oo while the Ma
tional City shows deposits of $780,
600 0O0-more than $500. 100000 less.
The Chase shows total capital, sur
plus and undivided profits Of about
$500 900, 900, whereas the National City
has capital assets OF q little over
S226, 000, 900.
The Chase National shows loans and
discounts of little over $1.397 ,000, 900,
while the National City has loans and
discounts of $979, 900, 600.
The Chase has cash on hand and due
from banks totaling little over $455,-
900, 900. whereas the National City has
S279, 600, 900.
Both of these banks show q drop in
commercial deposits, since the last call.
but, in view Of the present conditions
both statements are very strong.
When 1t comes to conservative bank
statements, much credit is due 70 Ed
ward W. Lane, chairman OF the board
of the Atlantic National Bank OF JACK
sonville, Fla.
Throughout the country, the general
impression is that Florida banks are
- D.. fsrT1ffi4inYs f10 Y3lyg
in other sections. The Lane Bank, az
jacksonville, does not prove it. Quite
the reverse
This Florida banker is interested In
seven other banks in Florida, all OF
which show liquid statements almost
as good as the Jacksonville institution.
Few bankers in the United States have
kept their banks, through good times
and bad times, in such liquid shape as
Edward w. Lane has, during the past
% years.
Blow to Plane Industry.
Not in years has the airplane indus
try suffered a more severe blow than
it did yesterday when the announce
ment came over the wires that. knuIe
Rockne, famous foot ball coach of Notre
Dame, haa been killed in one of the
major disasters Of the year.
Rockne was so well known through
out the country that 1t viii cause thou
sands of people who had planned to
make Summer voyages by planes change
their minds. It's of major importance
to the airplane industry.
Nevertheless this is time to remem-
Der that, per capita, per mile travel,
airplane accidents are the least frequent
in all lines of transportation.
Copyright, 1881, by North American News
paper Alltance-l