Evening star., 1936-06-11

ID. c. Banks to Aid Veterans.
Washington banks will do every
thing in their power to aid World War
veterans by cashing their bonus
checks, assisting in certifcation and
identification for the holders, and in
other ways rendering all possible as
sistance, in accordance with the re-
quest of President Roosevelt received
today. He requested that the checks
be cashed promptly and in full"
As noted elsewhere in today's Star
the District Bankers Association has
arranged all details in advance as
to how service can best be rendered
TO the veterans. Karl w. Corby of
w. B. HibbS & Co, president of the
association, said today the association
has already drawn up special forms
for the veterans to fill out as we'll as
signature cards.
The banks will give receipts to the
veterans, turn in the bonds to the
proper Government agencies and the
checks will be forwarded to the hold
ers direct. If the holders already have
the checks, then the banks will cash
the checks. The matter has been SC
fully discussed in advance Of the first
payments, due next Monday, that no
bitches Of any kind are anticipated.
In the many cases where veterans
already have banking connections the
problem will be very simple. In the
case of strangers the bank officials
will use great care in the matter of
Identification.
Home Building Here Spreads.
Single-family and two-family homes
were responsible for the substantial
increase In dwelling construction which
took place in March and April, ac-
cording to the June issue of the Fed
eral Home Loan Bank Review. An
analysis of building permits reported
to the Bureau of Labor Statistics shows
that one and two family units ac-
counted for 80 per cent of all dwell
Ings authorized in these two months,
while construction of apartment
buildings of three or more families
amounted to only 20 per cent. In
April, 1885, multi-family buildings &C
counted for 33 per cent.
States in the Southeast and Far
Southwest continued in April to lead
the country in rate of residential con-
struction. The Los Angeles Federal
Home Loan Bank district, which in
cludes Arizona, California and Nevada,
maintained it's lead of some months,
followed by the WinstonSalem dis
trict, comprising the District of Co.
iumbia, Maryland, Virginia, North
and South Carolina, Georgia, Florida
and Alabama, with rates of 81 and
80 new family dwelling units per 10o,-
900 of population, respectively
Brokers Back Lands Views.
Several leading brokers in the flnan-
cial district today backed up the
views of Chairman James M. Lands
of the Securities and Exchange Com
mission, who declares that Amer
ican trading is not fast drying up
and going to London and other finan-
cial centers," partially because of high
margins. Chairman Fletcher of the
Senate Banking and Currency Com
mittee also says that such claims
are not in accordance with the
facts"
Brokers in Washington said today
that none of their customers had
switched any accounts to London or
anywhere else. They quote from New
York reports that there has been
no reduction in traders in Wall Street
either.
There are many different factors
which have reduced trading recently,
the French situation, tax discus
sions in Congress, the political con-
ventionS, etc. One of the chief rea-
sons for lighter trading relates to
stock prices. Stocks got pretty high.
They sold of and left a good many
traders holding them close to the top.
These customers can't do much until
they get their money free.