Evening star., 1935-06-18

states, is re-
vealed by the m
following list of marry j. HAAS
those who have signed for the special
courses:
Alabama, Q; Arkansas, Q; Califor-
mia, 2; Connecticut, 9; Delaware, 8;
District of Columbia, 6; Florida, 2;
Georgia, 3; Idaho, /; Illinois, 8, In
diana, 2; Iowa. l. Kansas, l; Ken
lucky, 2; Louisiana, 8; Maryland, /;
Massachusetts,, g.; Michigan, 5; Min
nesota, /; Missouri, S; Nebraska, /
New Jersey, 81; New York, so; North
Carolina, 8; North Dakota, /; Ohio,
z; Oklahoma, l.; Oregon, 2; Pennsyl-
vania, 80; Rhode Island, L. Texas, S;
Virginia, 6; Washington, l; West Vir-
ginia, l.; Wisconsin, 4, and Wyo-
ming, !.
The idea of higher education for
bankers was originated by Harry j.
Haas of Philadelphia when he was
president of the American Bankers
Association. For that reason he was
one of the leading speakers when his
dream became reality at Rutgers
last night Many noted bankers were
present at the opening exercises, and
the affair was made a memorable
event.
The Washington delegation will take
special class and lecture work at New
Brunswick during the rest of June and
then continue the special work for a
year. Problems of bank management,
the best methods of handling trust de-
partments and many other intricate
questions in banking will make up the
graduate courses. 1t is planned to
spread the graduate work to other
universities later. The school is Spon-
sored by the American Bankers ASso-
citation and draws most of its students
from the American Institute of Bank
ing graduates.
Treasury Issue Well Taken.
Secretary Morgenthau announces
that the Treasury's offering of l II per
cent f1ve-year notes for obligations
maturing June Is and August / was
accepted by more than 95 per cent of
the exchangeable securities. The issue
of notes amounted to $738, ,373 400.
Tenders for two series of 100000 900
of Treasury discount bills dated June
19 aggregated $274 AT 900, of which
$100,072,000 was accepted.
Tenders for the 13-day bills
amounted to $139,654,0OO, Of which
$50,013,000 was accepted. The ac-
cepted bids ranged in price from
99.98O, equivalent to a rate of about
0.054 per cent year, to 99.967, equiva-
lent to rate of about 0.089 per cent
The average price of bills of this
series to be issued is 99969 and the
average rate about 0.083 per cent.
Tenders for 273-day bills totaled
$134, 1893 900, of which $50,059, 900 was
accepted. The accepted bids ranged
in price from 99910, equivalent to
rate Of about 0.119 per cent year, to
99.892, equivalent to rate of about
O142' per cent. The average price of
bills Of this series to be issued is 99.898
and the average rate about 0.134 per
cent year.
Business Woman Given Praise.
"The business woman seldom
reaches the peak of her ability until
she is 80 years DID," declares Frances
Perkins, United States Secretary of
Labor. in the seventh annual women's
number of the Baltimore & Ohio
Magazine. 81 do not mean that
younger women should not be given
the opportunity to prove their eff
cheney; they should, by all means;
but it is during the earlier part Of her
business career that woman is gain
ing experience and developing judg-
ment and a fitness of those things
which will make her valuable asset
in business. She scarcely can reach
her peak before she has attained
these elements-and attaining them is
o matter Of time"
This weeks stock review by one of
the best known market services gives
long list of issues on which dividends
may be resumed during the present
year. In the list is Mergenthaler Limo
type, which Is so widely held here. No
definite date is mentioned and there
has been no recent statement by the
directors on the subject. The record
made by the company last year, how
ever, Is still the subject Of favorable
comment, the turnabout in earnings
clearly pointing toward eventual divi-
dend resumption.
Railroads Report Lower Nets.
Pennsylvania Railroad reports for
four months ended April 30, 1895, net
income of $6.020,715 after taxes and
n afa
500 on 13,167 ,696 shares of capital
stock. This compares with revised net
income of $6,132,576, or 46 cents a
share, in first four months of 1884.
Atlantic Coast Line Railroad reports
for four months ended April 80, 1885,
net income of $804, ,796 after taxes and
charges, equal after dividends on 5
per cent preferred stock to SO cents
snare on 823.427 shares of common
stock. This compares with 81, ,122, 1872,
or sass a common share, in first four
months of 1884.
There were further reports in the
Capital today to the effect that Title I
Of the banking act of 1885 may be
passed ahead of the rest Of the bill.
This would mean change in the OBJ
tectionable assessment on the banks
which viii go into effect July unless
the bill is passed with the desired
changes. If Title Is put through
separately it may be long time be-
fore Title II, with the Federal Reserve
System changes, is passed.
Today's Trading on Exchange.
Capital Transit Co. stock again sold
at 10 on the Washington Stock Ex-
change today, one 10-share sale being
recorded. The closing bid was 181z,
offered at 1917.
washington Railway & Electric pre-