Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-09-04

laiI,eu oiA's e.; ~ aL
es. saoa T,,ou aro Raymond B. Dickey
a part of the drive launched several
months ago by the u Reserve Banks
70 speed up recovery. E.
Deposits Gain During Year.
Time deposits in % regularly re-
porting member banks and aggregate
deposits in IL mutual savings banks
totaled 1898, 243, 1872 at the end OF
July. 1885, lower figure than $685.
e75,846 in time and savings deposits
at the end of June this year but
higher figure than S326,603. lot at the
end of July last year. Both report
ing member banks and mutual saw
tnes banks showed declines in time
deposits during the past month, but
both groups of banks increased de-
posts during the year, the report
says.
Building permits issued in July in
81 leading cities of the fifth Reserve
district numbered 2,44S, compared
with 1877 permits issued in July.
1894, an increase this year OF 81 per
cent and estimated valuation figures
for last month totaled S4,595636, an
increase of $50 per cent, in COMPARE
son with valuation figures totallng
S2.3lO.659 in July, last year. Twenty
four of the 81 reporting cities showed
higher valuation figures for the 1888
month. Among the five largest cities,
Baltimore, Washington, Richmond ana
Norfolk increased in estimated valua-
ton for permits issued last month, but
Charlotte decreased.
Contracts awarded in July for con-
struction work in the fifth Reserve
district, the Richmond report adds,
totaled sl4,751,l55. compared with
sls,09l,724 reported for July, 1884.
OF the July, 1885, awards. $6,377,4Oo
represented residential types of con-
struction, compared with s2,365,e79 for
this class Of work in July, last year.
Contracts for residential work MADE
up 40 per cent Of all contracts awarded
In July, this year, compared with only
l3 per cent of July, 1884. contracts.
Dickey Again Chapter Dean.
Raymond B. Dickey will act as dean
of Washington Chapter, American
Institute of Banking, according 10
announcement today by j. Earle Nc
Geary. president. The other nstruc-
tors include:
Bank organization and operation,
Eliot H. Thomson, publicity manager,
Washington Loan & Trust Co.; ne
eotiable instruments. Raymond B.
Dickey, member of the local bar asso-
citation and dean; James D. Cush-
man, dean of the School of Account
ing. Columbus University. analysis OF
financial statements; Trust Business
II, Theodore Cogswell, register OF
wills Of the District of Columbia.
Money and banking and current
monetary problems. new course, Will
both be taught by Edward Stone. Mr..
Stone is the only new addition to the
faculty this year. He is a graduate
of the Columbia University and for
several years was an instructor there.
Recently he has been in charge of
the revision of text books for the
national educational office of the A.
I. B. and he is author of two A. l. B.
text books. He has been an inStruc-
tor in the New York Chapter as well
as several other chapters in that
vicinity.
Mr.. McGeary also made tentative
announcements of the instructors for
the Spring term. Commercial law will
be taught by Bolitlla J. Laws, mem
Der of the District of Columbia bar;
economics by Norman E. Towson, as
sistant treasurer, Washington Loan
e. Trust Co.; credit management by
Harold w. Burnside, assistant cashier,
Riggs National Bank, and bank man
agement by Frederick P. H. Siddons,
secretary, American Security &
Trust Co.
Quinn Back With Broker Firm.
Chauncey Parker, jr., one OF the
partners in the New York Stock Ex-
change firm of Auchincloss. Parker &
Redpath, announced today that James
L. Quinn, for many years head of the
concerns department of investment
research, has resumed his duties in
the same capacity.
He has been absent during the past
year while employed as an analyst In
the analytical and technical division
of the Securities and Exchange Com
mission. He resigned short time ago
to return to the brokerage and invest
ment firm.
Bankers Return to Offices.
Many Washington bankers who were
away on vacation in August have re-
turned to their desks. William j.
Father, one If the vice presidents of
the Riggs National Bank has returned
from the Poland Spring House at
Poland, Me. He has spent many Sum-
mers at the popular Maine resort. He
reports that the resort business this
year was excellent, much better than
last year.
Karl W. Corby, one of the partners
in w. B. HibbS g. Co., an official in
the District Bankers Association and
in the Washington Stock Exchange,
has returned from his vacation at
Rockland Me. He was greatly i'm
pressed by the number of factories
which have resumed operations in
Maine and elsewhere which were
closed at this time year ago.
s. William Miller, treasurer of the
Union Trust Co., leaves here tomor-
row for a months vacation on the
Eastern Shore at Ocean City, Md.
Heard in Financial District.
The Hotel Greeters' Credit Union
of the District of Columbia has been
granted license to operate by the
superintendent of insurance. The
union was organized by Washington
Chapter of the national organization
to serve its members in the promotion
OF thrift and the granting OF small
loans at low interest rates, N. F.
Sherman of the Mayflower Hotel said
in announcing the new move.
Trading was lively on the Wash
ington Stock Exchange today, Capital
Traction SIS being the most active
bond issue. Most sales we're made at
no n~S z,.- - no1L CoOr0atnUn Gas