Evening star., 1936-04-06

today to the in Kerneth F Brooks.
terest displayed
in every part of the program.
One of the speakers at Chicago
was James M. Barker, vice president
and treasurer of Sears, Roebuck &
Co., who suggested that business
curves may 60 higher and lower ana
more rapidly in the future.
Mr.. Barker asserted that mechan-
ical perfecting OF the communications
system will go on, and nothing can
stop it. The country and the world
will increasingly think the same things
at the same time. In times OF 1ear
and in time of elation, these forces
: will be harder to control.
Other speakers urged closer rela-
tions with bank customers. adoption
of expanded small loan service, taking
over of loans now being made by the
Government so far as possible, max
ing loans for home renovizing and the
extension loans for the purchase OF
automobiles. Many speakers cited
what is being done successfully In their
own banks as the best proof OF what
can be done to improve banking serv-
ice and at the same time enlarge in
come. Many other topics were dis
cussed in forum sessions.
Brooks Joins Banking School.
Kenneth F. Brooks, one Of the trust
officers at the Riggs National Bank,
will attend the American Institute OF
Banking's Graduate School at Rutgers
College, which opens resident session
on June %, it was reported in the
financial district today.
Walton L. Sanderson assistant
cashier of the Hamilton National
Bank, has also been accepted among
l39 officers in banks in % States
and the District of Columbia. Mr..
Sanderson was president Of Washing
ton Chapter, American Institute of
Banking, last year.
Two other Washingtonians are also
on the list. Andrew w. Lee, assistant
Federal Reserve examiner, and Charles
T. Malone, Federal Reserve examiner.
State Bank Commissioner M. E. Bris-
tow of Virginia is registered, as are
six bank presidents and five bank
examiners.
Lemon With Aetna Office.
H. B. Lemon, who has been with
the Acacia Mutual Life Insurance Co.,
where he conducted the policyholders'
service bureau in the companyS home
Office, has joined the Capital agency
of the Aetna Life Insurance Co., taking
up his new duties today. Before going
with Acacia he was connected with the
United States Chamber of Commerce
in the insurance department. He is a
graduate of DenniSon College, is
chartered life underwater and has
taught courses in insurance for years.
There was a very large attendance
in Washington brokerage houses as
the New York Stock Exchange quota
tionS started across the tape today.
There seems to be an unusual amount
of optimism among traders and in
Vestors, based on the latest indices.
With advances in brokers loans, bank
clearings, electric output, carloadings,
retail trade and steel activity, brokers
report that the majority of market
followers are just now favoring the
upside At the same time conditions
abroad are causing more or less eau
ton among market observers.
Bond men in the financial district
today were busy with their customers
as two important issues came on the
market-S4O,0 100000 New York Central
80 per cent bonds and $62,000,000
National Dairy Products 3a4 per cent
debentures.
Purchasing Power Expanding.
United Business Service backs up
other reports that definite advance
in Spring retail business has already
started, both in consumer and indus
trial goods. The report says:
Statistics covering industrial pay
rolls, railroad pay rolls, and farm in
come reveal that purchasing power is
considerably higher than it was at this
time last year. Moreover, people seem
willing to spend. Sales of automobiles
and household equipment are increas-
ing. Construction contracts are run
ming nearly double year ago, and
greater activity in this field seems as
sured over the coming months.
More liberal purchasing is also
evident in industrial goods. Plant
renovation is going ahead on a broad
scale, and companies are continuing
to replace used equipment with up-to-
date machinery. Even the railroads
and utilities, which have been buying
only minimum requirements for some
time, are placing orders in larger vol
ume."
The service concludes that activity
In most all lines of business will be
above a year ago during the Spring
months, and that in some industries,
particularly those producing building
materials and equipment, sharp gains
will be recorded.
Financial District Gossip.
Victor B. Deyber, chairman of the
board of the Second National Bank.
will be among Washington bankers
attending the American Bankers As
sociation Executive Council meeting at
Hot Springs she last of this month.
He Is member of the Executive Coun-
Gil of the National Bank Division
Robert v. Fleming, president of the
A. B. A., will preside at the meeting,
WinSl 10 VIC ulOoI ulpOl tdIlI ScSSlOIl
of the year outside of the annual
meeting.
Today's Trading on Exchange.
Capital Transit stock opened the
week on the Washington Stock Ex-
change with several sales at 15 LanSton
Monotype again sold at 80. Mergen-
thaler Linotype was off from Satur-
day, 10 shares selling at AZ. Potomac
Electric Power 5l2 per cent preferred
again moved at ia.
Capital Traction IS came out at
e0H, unchanged, but closed with a
$1,000 sale at 90s.
NEW YORK BAR SILVER,
NnDK