Evening star., 1933-04-12
&c decrease from a year ago:
Jan. 1 Report
inn Nh 4
march figures preliminary; in most dis
tricts the month had the same NUMBER OF
business days this year and last year.
Bank Deposit Guarantees.

March figures preliminary. in most dis,
tricts the month had the same number OF
business days this year and last year.
Bank Deposit Guarantees.
Although bankers as whole have
no sympathy for any proposal TO guar
antee or insure deposits, contending. as
they do, that such measures encourage
bad banking. 1t Is possible. says the New
York Times, that an insurance meas
ure combined with steps to unity the
banking system under the Federal. Re-
serve and with prohibition against
interest on demand deposits might be
welcomed. The discontinuance OF In
terest on demand deposits would effect
an enormous saving, possibly close to
81 ,000, ,000, 900 year for the banking
system as whole, unless it resulted In
wholesale transfers of funds from de-
mand to time accounts, and out OF this
saving the banks could well afford to-
contribute to a guaranty fund.
Moreover, the newspaper adds, If all
banks were subjected to uniform regu-
lation under the Federal Reserve sys-
TEN, there would be little opportunity
for bad bankers taking advantage OF
the guaranty, to lure deposits out OF
good banks by the inducement Of higher
interest rates. 1t is probable that the
CIllcl dISuulcut VI UdllhClo al ouCll q
case will be that given unified system
under strict supervision and without in
terest on demand deposits. there would
be no need for a guaranty fund.
Today's Trading on Exchange.
Bonds received leading attention on
the Washington stock Exchange today.
The first bond sale was in Washington
Gas Light SIS, 1858. $500 selling at 8512.
Iyac ufa i1l, Ee
peared on the board in $500 transfer
at 103A. - The remaining trading was
in Washington Gas IS. Series B, eight
500 bonds moving at 1882.
In the stock department Potomac
Electric Power 512 per cent preferred
figured in two small sales one at LOG
and the other at 1862.
Directors of the Virginia Railway
today declared the regular quarterly
dividend of $l50 a share on the pre-
fered stock, payable May l to holders
of record April Is.
Heard in Financial District.
Robert " Fleming, president of the
Riggs National Bank, is attending the
meeting of the Executive Council of the
American Bankers Association, now be-
ing held at Augusta. Ga. while there
Mr.. Fleming will make report as
chairman OF the associations National
Legislative Committee, covering what
has taken place in legislative matters
in Congress since the bankers annual
meeting last October.
Richard Whitney. president of the
New York Stock Exchange since early
in 1880, and acting president of the ex-
change during the panic of 1929. will
begin his fourth term in that Office
following election of officers of the ex-
change on May g. His denomination by
the Nominating Committee of the ex-
change makes his election virtually GER
tain.
AS noted elsewhere in todays Star,
the receiver Of the Commercial Ma
tional Bank announces that beginning
tomorrow morning, holders of CONNER
cial accounts may call at the bank and
obtain statements as to their standing
at the time the bank suspended bust
ness on February 81. This applies to
checking accounts only, an announce
ment for savings depositors being ex-
pected shortly. This is an importan,
announcement as it indicates an early
opportunity for the filing of all claims
against the bank