Evening star., 1939-09-27
Bank Bill Hearings Expected.

While steps to lift the ban on arms
shipments transcend all other mat
ters before Congress, it is expected
that hearings on several pending
bank bills will be given attention be-
fore very long. The special session
is expected to speed up work of the
Senate Banking Committees studies
on banking and monetary policy, as
called for in the Wagner resolution.
Banking measures on which hear
ings have been held and have passed
either the Senate, Or the House, but
not both include amendments to
the Federal Home Loan Bank Act,
Mead bill to insure small loans.
Byrnes inter-bank deposits bill, and
wages and hours amendments.
Bills on which no hearings have
been held and are scheduled for dis
cussion include, among others, the
Steagall bill to double the F. D. I. C.
coverage on insured deposits; Gill
ette measure to establish branch
banks; Patman bill to eliminate
bank holding companies, a measure
to separate savings from commercial
banking; and two other Patman
bills, one to freeze" branch banking,
and another to provide for Govern
ment ownership of the Federal Re-
serve Banks.
Southern's Earnings Climb.
Estimated earnings of the South
ern Railway this year have been
raised from 100000 to $4,000 900
by President Ernest E. Norris. Net
in August reached $418,OOO, against
$10O,55O a year ago, bringing net
income for the first eight months
to $572,000, compared with a loss
OF $4,014,927 in the 1888 period.
Western Maryland Railway re-
ports for eight months ended Aug
ust 81, 1899, net income of 1896 1923
after taxes and charges, equal to
$l.33 a share, on 1T ,420 shares of 7
per cent first preferred stock, on
which there is an accumulation of
unpaid dividends. This compares
with net loss of S191 ,O33 in first
eight months of 1898.
Virginian Railway reports for
eight months ended August 81, 1899,
net income of $3,568,513 after taxes
and charges, equal after dividends
on 6 per cent preferred stock to S7.83
a share on 3l2,715 shares of COM
mon stock. This compares with net
income of $3,153, ,9O8, or $6.51 a
common share, in first eight months
of 1898.
Insurance Agents HOnOred.
Three Washington life insurance
men are eligible to receive the des-
ignation of chartered life under
writer from the American College of
Life Underwriters at exercises in
st. Louis tomorrow. They are Roger
L. Baldwin, general agent, North
western Mutual; Robert w. Castle,
Massachusetts, Mutual, and John L.
McElfresh, general agent, Connecti-
cut Mutual. OF the 1,746 candidates
who took the examinations in 80
colleges and universities only ia
passed all the subjects and have
been awarded the c. L. U. diplomas,
the honors being the highest OBJ
tainable in the life insurance field.
Heard in Financial District.
Trading on the Washington Stock
Exchange was near the standstill
point today, when single sale of
Washington Railway & Electric pre-
ferred was registered at 108. This is
the same price as recorded in Is
share turnover yesterday.
When the new Garfinckel common
and preferred stocks are listed on
the exchange there will be two i'm
portant store issues on the board.
Woodward & Lothrop common and
preferred stocks have been listed for
years. These issues are now being
quoted as ex-dividend, regular divi-
dends to be paid in few days.