Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-22

now appears.
+ba recent naval accord reached between
France and Italy as of very great i'm
1,ortance. The lack of agreement be-
tween these two countries has long been
a. disturbing factor in the economic re-
lations of the world, the controversy
even threatening to break into open
hostility Happily, this threat is now
removed Another favorable factor OF
great importance is the reconcilment OF
differences between Great Britain ana
India. The magazine adds:
THE RESUMPTION of international
lending on a large scale undoubtedly
constitutes one of the essentials 70 the
return of more prosperous condltlonS.
Such lending has greatly declined, not
because of lack of funds available tor
safe and profitable employment, put De-
cause-as pointed out by a leading Lon
don economist-of the non-eXStence Oh
worthy borrowers. Confidence IN Euro
peon loans could hardly be expected
while relations between France and
Italy were in a constant state OF ten
sion Such of these countries as may
desire to borrow may now approach the
international money market with greater
confidence of having their requirements
met France, with an enormous gold
reserve, is in an especially favorable
position to make foreign loans"
Miss Woodcock Contest Winner.
Miss Mildred C. Woodcock of the
American Security & Trust Co. VIII
represent Washington Chapter, Ameri-
can Institute of Banking, in the sec
tional public-speaking contest at Ian
caster, Pa, May 6, competing with
contestants from Delaware, Maryland.
New Jersey, North Carolina, Pennsyl-
Yania, Virginia and West Virginia.
Miss Woodcock won the recent con-
test held by Washington Chapter, IN
which 10 contestants were entered. A:
Wallace Schreiner and H. K. Kimball
received honorable mention. II MISS
Woodcock captures the honors at Lam
caster. she viii go to PITTSBURGH m IN june
and compete in the contest at the ma
tional convention for $500, $500, $500
and 500 in prizes.
Miss Woodcock joined the staff Of
the American Security & Trust Co. IN
March, 1920, and enrolled in the insti-
tute n September of the same year. she
received a standard certificate in 1923
and since that time has completed
graduate course in the analysis OF
financial statements. She has been
chairman of the Womens Committee
of the institute during the past two
years. but it is her talent in public
speaking that has caused the surprise
of the season IN junior banking circles,
especially among the male orators.
Loans and Investments Higher.
The Federal Reserve Boards condi-
ton statement Of weekly reporting
member banks in leading cities on April
Is shows increases for the week OF
SI2e 600 900 in holdings Of Government
securities and of 500, 100000 in Govern
ment deposits; also 5000, 900 in loans,
S133. 900 900 in net demand deposits and
1000 900 in time deposits. Total
loans and investments partly as a re-
suit of Treasury operations, increased
$206,000,0o0
Loans on securities increased $751;
100000 at reporting banks in Chicago
district, 100000 in the New York
district and SAB 100000 at all reporting
banks. and declined s11,00o,000 in the
Cleveland district. "All other" loans
district, and declined Sill 100000 in the
Boston district and 100000 at all re-
porting banks.
Coast Line Issues Report
The Atlantic Coast Line Railroad Co.
has issued its pamphlet report for year
ended December 81 1880. Total assets
on December 81, last, were $3.50, 528, 55l,
comparing with $500 437 426 on Deem
Der 81. 1929, and profit and loss surplus
SOS, 678l69, against SGT ,63l. 2l7. Cur
rent assets were S28, 997, 1873 and cur
rent liabilities Sill 1864, as contrasted
with S32,070.347 and s1l, AGO. 60, re-
spectively, at close of 1929.
Income account for year 1880 shows
ret income of S6254,59l after taxes and
charges. the same as reported in pre-
liminary statement, and is equivalent
after 8 per cent preferred dividends to
S7.58 a share on 1923, APT shares of COM
mon stock. This compares with SILL
92l ,507 or STAG a share in previous
year.
Capital Traction Stronger.
Capital Traction stock was stronger
on the Washington Stock Exchange to-
day. all sales being made at "a u point
from yesterdays close. Trading was in
small lots and totaled 108 shares.
Potomac Electric Power 6 per cent
preferred moved at 1922 and 1l3
while the So per cent preferred came
in several transactions, opening at 1882
and closing with a small sale at 1902 Il
Ten shares Of American Security &
Trust Co. stock came out at 1896 anc
10 more sold at 1886. Bond trading wa;
confined to Washington Railway &
Electric As. priced at 3d..
Washington Gas Light stock is now
being quoted eX-dividend.
Heard in Financial District.
Members of the Ticker Club are to be
the quests Of the president A. Chester
FlatIer. at the Chevy Chase Club this
evening.
Thomas J. Groom, chairman Of the
entertainment committee for the Gem
ing convention Of the District Bankers
Association. had a meeting Of his com
mittee at the University Club last eve
ming
Ell. Rollins g. Sons are members o.
the syndicate offering # s2,60000C
Berks County. Pa, 334 per cent bonds
They are priced 10 yield $50 10 $50 pei
cent. according to maturity.
The quarterly meeting Of the boarc
Of directors of the Acacia Mutual Lift
Association was held at the home offict
here today.
AT the meeting of the directors o
Atlantic Coast Line Railroad held II
Richmond, Va. the question OF diyi
dend action did not come before tn
board The dividend for the first hal
Of the year is not payable until July II
and action thereon will be taken at
subsequent meeting.
Reservations are coming in rapidl
for the Spring meeting Of the Dlstrlc
Bankers Association to be held at tn
Columbia Country Club A capaclt
attendance is practically assured.
TREASURY STATEMENT.
~. ..-...... g. A,,.;1 m ,.nr