Evening star., 1942-04-06

or another all the important COM
mittee assignments. A graduate
of the institute, he has persuaded
a host of other young men to take
the banking courses.
Before his connection with the
Hamilton National. he was for
wears on the brokerage staff of
w. B. Hibbs e. Co.
Linn and Reilly Speakers.
Arthur j. Linn, controller of the
Hamilton National Bank, and John
A. Reilly. president of the Second
National Bank, are on the program
of the tenth annual Eastern regional
conference Of the National ASSo-
citation of Bank Auditors and Con-
trollers in Philadelphia April %, "a
and IS. it was announced today.
Mr.. Linn will speak on Methods
Of Control and Mr.. Reilly will dis
cuss the Outlook for Banks of the
Future"
]. Forbes Campbell of the Fed
eral Deposit Insurance Corp. will
also take part in the program, as
will Representative Everett M. Dirk
son, and Cecil w. Borden, president
of the national association.
While much of the program will
relate to banking auditing, personal
loans, property management and
trust departments will receive a
share of attention.
Many washington bankers are
already making plans to attend the
sessions.
State Bond Issues Increase.
During March, the voters Of 4o
communities in 20 States and Alaska
athorized a total of sll, ,404,230 OF
new bond fiotations, as compared
with s,261 900 in March, 194l.
Authorizations in February of this
year amounted to only s1,452,650,
according to the Daily Bond Buyer.
Last months total was the largest
March total since 1888.
The largest flotation approved
was $4,000, 900 by the voters of Nor
folk. Va.
During March projects involving
S2,166,500 were turned down by the
voters of 13 communities In II
States, as compared with $685. 900
in March, 1e4l.
Realty Bonds Up Slightly.
The average price of 200 real es-
tate bonds showed an increase of
o.5 per cent in March, several WASH
irgton issues being included in the
list.
This advance brings the improve
n1ent in the first three months of
1912 to per cent, according to the
Amott- Baker Real Estate Bond
Price Average.
The average price per 81 900 bond
was $311 on March 81, compared
to 1902 on December 81 and 1921
on December 81, 1910. These prices
have shown consistent upward
trend, since the middle of 1910,
almost two years ago, with a break
shown only in the month of De-
cember.
Defense Loans on Increase.
washington banks are making
more and more defense loans as time
moves on, according to Wilmer j..
Waller, vice president and cashier of
the Hamilton National Bank, who Is
the American Bankers Association
representative in charge of these
loans In this territory.
The so-called small business men
and small manufacturers are being
extended this type of credit which
was very difficult to obtain when the
first loans for defense were made.
Many applicants having excellent
financial regulations were unable to
meet all the banking requirements
at that time.
Since then the defense loan rules
have been eased up somewhat and
the assignment of Government con-
tracts assures the lenders of loan
payments. Most of the loans by
Washington banks are granted In
connection with Army supplies,
bankers say.
Financial District Comment.
Ten shares of Capital Transit sold
at Il, unchanged on the Washing
ton Stock Exchange today. The
market closed with 81 bid and "a
asked.
Basil Harris, president Of the
United States Lines, has been elected
a trustee of the Atlantic Mutual In
snrance Co. He is former Treas
ury official.
incorporated Investors has de-
clared dividend of II cents share
payable April 80 to stockholders OF
record April 8.