Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-04


Mr.. Cuniberti first came to Washing
ton in 1917 as a secretary attached to
the bureau Of information at the Italian
embassy. After leaving the embassy
he was engaged in the banking and
brokerage business in New York for a
time. Soon after his return to Wash
ington he was elected president of the
International Exchange Bank, being
made director at the same time. The
bank has. enjoyed much prosperity
under his guidance. In re-entering the
banking field, Mr.. Schiavone, the new
president plans to start campaign Of
expansion at once.
Security Loans on $12.0OO,OOO.
The Federal Reserve Boards condi-
ton statement of weekly reporting
member banks in leading cities on Feb
ruary IS shows decrease for the week
of S31 100000 in loans, largely offset
by an increase of $27, GOO, 600 in invest
ments: also increases of S44, 900 900 in
net demand deposits and $50, 900, 900 in
time deposits and a decrease OF $10,-
100000 in borrowings from Federal
Reserve banks
100000 at reporting banks in the New
York district and declined 100000
in THE Chicago district and $12, 900, 900
at all reporting banks.
"All other" loans declined $4,000, 900
IN the Boston district and SIC, 10000 at
all reporting banks and increased
100000 in the San Francisco district.
w. r. g. e. Market Leader.
Washington Railway 81 Electric was
the most active stock on the Washing
ton Exchange today. 1t opened with
a 1o0-share block selling at 9734, fol-
lowed by 10, 40, is and 10 share lots
selling at the same figure.
Norfolk & Washington Steamboat
Co. sold at 200 for a single share, Po-
tomac Electric Power 81 per cent pre-
ferred came out at 100 and the 6 per
cent preferred sold at Ill.
Columbia Sand g. Gravel preferred
sold at 90 and 100 shares Of Real
Estate Mortgage & Guaranty preferred
moved at 612.
Bond trading was confined to Gas
issues and Washington Railway g.
Electric As, prices being steady.
Bank Conference Lauded.
Lanier P. McLachlen, president Of
the District Bankers Association, Is
being flooded with letters from bankers
who attended the Central States Bank
Management Conference here last week,
giving unstinted praise for the success
Of the two-day session.
ne dCQI6sSeS are AL TdUeQ dS Oh
unusual merit and the visitors say that
they got a great deal of practical good
out Of the meeting. They also give a
great deal of praise to Robert ". Flem-
ing for the manner in which he pres.d-
ed at all sessions and also for the great
amount of work which he did in adj
vance in arranging details Of the con-
ference.
The head Office of the American
AZ hos
also expressed its appreciation Of the
work done by the members Of the Dis
trict Bankers Association. This APP
probation should be shared by George
o. VaSs, who acted as assistant secre-
tary; H. H. Mckee, chairman Of the
Program Committee; Edward j. Nc
Quade, chairman, Hotel Committee; c.
II. Pope, chairman, Transportation
Committee, and z. E. Mountjoy, Wash
ington representative Of the American
Bankers Association, chairman OF the
Information Committee.
Their assistants also attended a large
number Of committee meetings and rem
dered valiant service before and while
the sessions were in progress.
Financial District Notes.
A. s. Golden g. Co. reports that as
q result of the rise in stock market
prices the market value Of assets Of
Massachusetts Investors Trust In
creased from $l5,049, 429 on December
81, 1880, to S18,939,2l5 on February "a,
an increase of % per cent.
An effort to enroll women bank
executives throughout the Midatlantic
region as members of the Association OF
Bank Women has been undertaken IN
a national membership campaign OF the
association, according to an announce
ment made by the regional vice presi-
dent, Miss Mary z. Stetson, manager
of the women's department, Fifty
seventh street branch of Chase Ma
tional Bank. In the Midatlantic divi-
sion, which includes the States
OF New York, New Jersey, Penn
sylvania, Delaware, Maryland and the
District of Columbia, there are 22l
women bank executives
Miss Grace M Bromley, assistant
secretary of the District Bankers Asso-
citation, is taking rest from her regular
duties. She is building UP rapidly in
George Washington Hospital.
Edward 9. Baltz, secretary Of the
Perpetual Building Association, has re-
turned to his desk from a two-week
vacation in Florida.