Evening star., 1932-09-15

cial educational c.o-x. T. Farnbam
training in finance.
Raymond B. Dickey, dean of the
faculty, also-spoke briefly and friedrich
P. H Siddons, second vice president OF
the District Bankers Association,
brought enthusiastic greetings from
that organization.
Standard certificates were presented
to the following students for the sue
cessful completion of institute courses:
Standard Certificates Awarded.
George Hummer Action, Chevy Chase
Savings Bank; Samuel Bennett, Union
Trust; William Wallace Cairncross, Co.
lumbia National George M. Carpenter,
B. F. Saul Co.: Kathryn G. Chapman
American Security g. Trust; Frank
Cummings Cook, District National;
. Craig r. Deane, Columbia National;
Frank S. Fisher, B. F. Saul Co.; John
G. Germs. jr, Lincoln National; B.
Bruce Frantz American Security &
Trust; George M. HaskinS, Commercial
National; G. w. Hauptman, District Ma
tional; Donald R. Hollingsworth, Sec
ond National; Hyman H. Kraisel. Lin
coin National; Ruth G. Libbey, Depart
mental; Louis F. Lucas, Riggs National;
William E. Markey, Franklin National;
Louis R. Newton, B. F. Saul Co.;
Charles E. Reithmeyer, North Capitol
Savings; Frank U. Roger, Riggs Ma
tionaI; Albert Schatz, Federal-Amer-
lean; George Schultze, B. F. Saul Co.;
Grant D. Simmons, Columbia National;
Andrew r. Schreiner, Citizens National
of Alexandria; Vivian E. Stokes, Fed
eral-American; Fred L. Strasser, Amer
ican Security & Trust; William B.
Thrift. American Security & Trust;
Donald R. Warburton. Federal-Amer-
ican National; Charles Werden, Nation
al Bank of Washington; Tudor Wilton,
Second National; Frances M. Willett,
Federal-American, and Margaret L.
Wright, American Security g. Trust.
Special Prizes Presented.
Special certificates in trust banking
were awarded to Anna c. Sullivan, Nor
ris Plan Bank; Lincoln L. Phillips,
Mount Vernon Savings; William F. Russ.
Munsey Trust, and Anne P. Crawford,
McLachlen Bank.
Prizes for extra high marks in the
standard course were presented to Grant
D. Simmonds. Columbia National: A. r.
Schreiner. Citizens Bank, Alexandria,
and F. Bruce Frantz, American Sc
curity g. Trust Co. Prizes for extra
merit in pre-standard courses were
given to Daniel j. Tyrrell, Wash
ington Loan & Trust Co.; Clement H.
Brooke, National Bank of Washington,
and Luden Stee.e, Washington Loan &,
Trust Co.
Miss Frances Marion Willett of the
Federal l-American National Bank &
Trust Co. won the special prize offered
by the. Bank Women's Club for the
highest average maintained in the
standard and pre-standard courses
The w. w. Spaid golf trophy was
awarded to William Robinson, formerly
of the Bank of Brigatwocd, who has
carried off this honor twice in success
SIGN.
Capital Traction at New Low.
Capital Traction sold at on the
Washington Stock Exchange today, the
lowest mark since the recent passing
of the quarterly dividend. The stock
sold yesterday at 6l2. Todays transac-
tions totaled only 40 shares which came
out in five different sales.
Some holders of Capital Traction
stock are favorable to the suggestion
that the company inaugurate a five
cent fare in the downtown district as
the best means of increasing revenues
and competing with the taXicabS, pri-
vate automobiles and buSseS. At that
figure Traction would have to carry
three passengers in the place of every
two to bring in the same amount of
revenue. Some of the shareholders feel
that the change would result in more
than that increase in traffic With the
stock selling at 6, many stockholders
consider most any plan as worth try
ing.
The only other stock appearing on
the exchange today was Potomac Elec-
trio Power 51a per cent preferred, a
small lot changing hands at 104. In
the bond division, $1,000 Washington
Railway & Electric 4S sold at 8434
and two more $1,000 were recorded at
85.
Directors of the Union Trust Co. have
declared the regular quarterly dividend
OF 2 per cent, payable October Is to
stockholders of record September 80.
New life insurance production in Au-
gust totaled S669, 9,375,O 900 against $780,
$4,000 in August, 1881, decrease of
20.3 per cent, the Association of Life
Insurance Presidents announced today
For the first eight months this year
the total new business was S6,380, ,512,-
600 against S7,583, ,123,0O0 last year. a
decrease of 15.9 per cent.
Speakers at the convention of the
Financial Advertisers Association in
Chicago this week have emphasized the
truth about themselves, their services
and their programs in all of their ad-
vertising as we'll as in personal con-
facts with depositorS, prospective new
customers and stockholders. '
Finds Trade Sentiment Improving.
J. C. Penney, chain store operator, de-
clares that little better business feel
ing is prevailing throughout the coun-
try.
Mr. Penney, who called at the White
House to pay his respects to the Presi-
dent. told newspaper men that so far
as his stores were concerned the i'm
provement was not noticeable as yet in
any increase in sales.
We still show a decrease from last
year in sales, which are about II per
cent behind. However, there has been
a drop of about 25 per cent in COM
modify prices, which would indicate we
had a greater unit sale.
II would take it from this" he said
that the people have responded to
lower values which we have been able
to give them"
Earnings Of New York banks and
trust companies in the current quarter
show appreciate improvement over
those of the Immediately preceding
quarterly periods this year. For sew
eral of the larger institutions the great
ly increased activity in securities mar
kets in recent weeks has been especially
beneficial.
Earnings of the city's leading finan.
cial institutions in the first half of the
current year were less favorable than ir
the corresponding period of 1881, with
many disclosing deficits after adjust.
ments and the setting aside of reserves
The improvement in business and il
securities markets has been reflected II
higher prices for bank and trust COM
pany shares with the appreciation ii
stocks of New York institutions rang
ing from 80 per cent to more than Isl
per cent, IS compared withsthe year,
low prices. N-'' = - $50 - :. :