The Washington times., 1934-04-12

In . WO u N''''''eaaaasa
wheat carry. Dunbar Hare
over from increasing. The
world wheat agreement has
failed to accomplish any sub
stantial reduction.
1.-TWO plans are before the
committee. Both represent ideas
whereby the world price Of
wheat may be raised. One idea
provides minimum fixed prices
for export wheat; the other
plan is more flexible and would
provide that wheat would be
exported only under quotas,
which would be adjustable &C
COrding to the price level.
"tIn order to put either plan
into operation, it would be
necessary to call q world wheat
conference 50 that the neces-
Sary formal action by govern
mentS involved might be taken.
'"The Bank for Russia ap-
parently will not undertake
new credit extension until the
U.S.S.R. refun d s obligations
which are now owed to the
United States Government.
f"The RFC has been endeav-
OFing to arrange satisfactory
credit terms for Russian trade.
However, it is reported that
negotiations are at . standStiIl.
Apparently the point Of con.
trOversy is that this country
insists on part repayment an.
nually, while Russia does mot
wish to commence repaying be-
fore five years."
Ralph M. Wolfe, manager o.
Mackubin, Legg & Co., already il
planning for the summer. Being
on the ground floor Of the Wood
ward Building, where he has beer
knows how hot it can be. He!
knows how hat it can be. He!
having the fans, which PRACTICAL!
cover the walls, put in shape to d.
their stuff.
"A. Harmer (Dutch) Reside
manager Of WeStheimer & Co.
next door neighbors to Mackubin
Legg & Co., also is doing the same
However, his problem is different
since his office has more spacious
windows.
Thomas w. Brahany, president
Of the Washington Ticker Club
still is undecided about when hi
is going to fling the party which
that official has to fling. Mr.. Bra
hany is with E. A. Pierce & Co.
Now that spring is in the air
members Of the Bond Club, o1
washington are beginning to won
der when, where and if Frank P
Morse, the president, is coming
through with his party. AS in the
case Of the Ticker Club, it seems
that the chief duty Of the presi
dent Of the Bond Club is to enter
tain the other members. Mr.. Morse
Is one Of the co-managerS OF
Charles D. Barney & Co., and is
enjoying his new offices in the
Washington Building.
From all indications. most Of
the brokerage boys will be out
Monday when the Washington
Nationals pry off the baseball lid.
Leo T. Crowley, head Of the
Federal Deposit Insurance Cor.
poration, is a little uneasy these
days. He doesn't know what Con-
greSS is going to do about pro-
posed extension for one year Of
the temporary insurance fund.
In that connection, he says:
"Tf the proposed extension
one year Of the temporary in
Surance fund whereby deposit
accounts up to $2,5OO in insured
banks are fully prOtected) is
approved by Congress, it will
be possible for mutual savings
banks to continue insurance Of
their deposits. Without this
extension, it is questionable
whether insurance for this i'm
pOrtant group Of banks can be
continued.
Mutual savings banks have
made substantial contributions
to the income Of the Federal
Deposit Insurance Corporation,
and their membership in the
fund has been an important
factor in the success Of bank
deposit insurance to date"