Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-28

for this course" MIR.
Siddons has been prominent in bank
ing circles and is now secretary of the
District of Columbia Bankers Associa-
ton, being in line for the presidency.
Eorn in Washington, Mr.. Siddons
graduated from the public schools and
Western High School He won the de-
gree Of bachelor of arts from the Uni
versity of Wisconsin in 1920 and the
degree Of LIB. from National Uni
versity Law School in 1923. During the
World War he served from June 81,
1917, to September 20, 1919, and was
honorably discharged as second lieu
tenant of Field Artillery. He joined the
staff of American Security & Trust Co.
in 1920, became assistant secretary in
1924 and secretary in 1926. He Is pro-
fessor. of banking at the School OF
Economics and Banking, National Uni
versity.
Active in Association.
Since 1926 Mr.. Siddons has been
active in the District Of Columbia
Bankers Association. He has been
chairman of the following regular COM
mittees Publicity Protective. Com
mercial Trade Activities, Insurance and
Special committees He was first chair
man of the flduciaries section At the
conventions of the association he has
been a prominent figure, being chair
man of publicity, 1926-27. vice chair
man of program, 1925 chairman. 1929;
vice chairman general convention,
1880; chairman, 1891. He was elected
secretary of the association this year.
Mr.. Siddons is a member of the CO.
lunbia Historical Society, Board of
Trade, United States Chamber Of
Commerce, Zeta Fraternity. Sigma M
Phi Legal Fraternity, University Club,
Chevy Chase Club and is a trustee OF
the Better Business Bureau.
Explaining the new course, Chair
man, Norris said:
Bank administration as offered by
the institute aims TO acquaint the
student with q banks administrative
problems of finance. income, expense
and interi1ank relations Among the
topics considered are the financing,
location and equipment OF the bank;
accountancy, audits and examinations;
sources of information and bank rec
ords. loans and discounts. investments
principles and policies, the mana ge-
ment of earning assets, personnel and
departmental organization, advertising
and new business. Relations with the
clearing house and banking asSocia-
tons are also discussed
Bottom Of Slump Seen.
BY Labor day August viii probably
have put In its claim fer the closely
contested honor Of being the much
heralded, honeSt-tc-goodneS bottom,
and may win by the nose OF an index
number over July and last December,
saws the Business Week in it's report for
the week ending August 20. The third
week of August gives no sign of expected
seasonal Improvement. and sceptImiSm
about its prospective strength increases.
The endurance dance of this unduly
prolonged depression ought by all ODDS
to end this month, II ever. Precedent OF
1921 favors this hopeful prospect, for
in the Summer Of that year stocks and
trade slashes along in uncertain stag
nation, as they have this time, till Sep
TENDER. A strikingly similar advance
improvement in textiles and other con-
sumner industries accompanied by spo-
radio strength in individual stocks
standing out from the general list has
appeared Comm dity price levels have
shown unusually early and prolonged
stability and experts seem TO have
reached a resistance level.
Steel oscfllates uncertainty: carload
ines, bank debts and power production
show unseaSonally persistent slackness
Late building figures alone lend little
fItful light to the encircling gloom grow
ing out of the steadily weakening bond
market The European scene continues
a succession of crises. converging on the
nerve-center of international finance
in London. and met by emergency meas
ures which tnly stave OH that large
scale international action on funda-
mental issues, which is inevitable, but
Of which there is still no sign.
Trading on ID. c. Exchange.
Utilities provided almost the entire
trading today on the Washington Stock
Exchange. with prices holding almost
stationary Capital Traction SIS sold at
s4ia and the stock at IS Il, in two
blocks. Washington Gas 6s went at
1882 and Potomac Electric 51a pre-
ferrea at 1IOlz. Mergenthaler changed
hands at 7734. Liberty National Bank
sold again at 100.
washington clearing house figures for
today. So. 664. 661 so.