Evening star., 1951-01-05

the following Tuesday night stu
dents will visit the Credit Bureau
to study methods of supplyin,
credit information.
Five other sessions will be hell
at the Raleigh from 8 to $3.50 pm
on succeeding Tuesdays and tn,
school will end with a graduation
party on Tuesday, February 27
said Chester A. Carter. presiden
of the association and assistan
credit manager of Woodward
Lothrop.
Three Speakers on Panel.
Walter N. Takes, divisiona
credit manager of the Hecht Co.
Mr.. Althaus of the Credit Bureau
and E. M. Arthur, credit manager
of Woodward & Lothrop, will each
present a different phase of the
credit business at the third session
Bernard H. Festman, controller
and treasurer of Lansburgh &
Bro, will talk January 80 ano
Marvin Coesens, collection man.
ager of shopping plate accounts
the Hecht Co., will speak F'ebru-
ary 6.
Donald o. Helsel, credit man.
ager of Joseph R. Harris Co., and
Donald c. Althaus, collection man.
ager of Woodward & Lothrop, will
speak February 13 on large and
small store operation. Robert B
Frank of the legal firm, King &
Nordlinger, will conclude the series
February 20 with an address on
libel and slander in credit field.
Airline Dividend Voted.
National Airlines directors to-
day declared a dividend of 25
cents a share. payable January Is
to holders of record January Is
It will be the first cash dividend
in the company's 16-year history.
Two stock dividends were de-
clared, one in 1914 and the other
in 1916.
Directors also granted two-year
restricted stock options covering
1885 common shares at IS per
cent of their January S, 1851.
market value to ten executives,
not including the president. They
agreed to remain with the COM
pany until at least January S,
1852.
National showed a profit of
$558,270 for the year ended July
81 and reported net earnings.
after taxes and depreciation. of
$463. .426 for the five months
ended November 80.
Bank Investments Boosted.
Investments of II Reserve mem
ber banks in Washington jumped
11,116,000 in the week ended De-
cember 27 to reach $532 ,227 900,
the Federal Reserve Bank of Rich
mond reported.
Holdings of Treasury bills on
December 27 totaled $40, ,261 900, a
gain of $13,123 900 for the week,
while Government bonds totaled
1922, ,267 900, a rise of $2,827 900.
These were offset by declines of
$1,389,000 in Treasury notes and
So ,445 900 in other securities.
Outstanding loans of $299,027,- =
900 were $1,524,000 higher in the
week. Business loans of $129, $685.
900 were up $545 900, and brokers'
loans of $2,687 900 were $5O9,000
higher. Real estate loans of $780,
100000 were off $4,000.
ABA Trust Speakers Listed.
The impact of the international
situation on the trust business and
trust problems growing out of the
Nations defense program will be
the chief topics at the 32d mid
winter trust conference of the
Trust Division of the American
Bankers Association at New York
February ST, it was announced
today by Raymond H. Trott, divi-
sion president.
Among bankers who will speak
Is James E. Shelton, president of
the American Bankers Association
and president, Security-First Ma
tional Bank of Los Angeles. Speak
ers from outside the banking field
include: DR.. Marcus Nader, New
York University; DR.. T. v. Smith
Syracuse University; Laurence J.
Ackerman, University of Connecti-
cut, and Roswell F. Magill OF
Cravath, Swaine & Moore, New
York City, and professor at Co.
lumbia University.
ALB Chapter Plans Dinner.
The winter educational dinner
of Washington Chapter, American
Institute of Banking, will be helc
at Kenwood Country Club OF
Monday, January Is, starting al
$50 pm, Samuel c. Redman, jr.
of the Lincoln National Bank
chapter president, announced to.
day.
Edward A. Wayne, vice presi.
dent of the Federal Reserve Banl
of Richmond, will be the CUES
speaker.
Chairman Edward C. Baltz O.
the District Savings Bond Divi
sion yesterday called attention t,
the recent regulation issued b,
the Treasury Department which
permits individual holders of tn
Series D 1941 Savings Bonds
which started maturing Januar,
!, to reinvest the proceeds in Sc
ries E Bonds without regard t,
the annual $4,000 maturity valu
limitation on holdings of Series
Bonds.
Washington has been made {
regional headquarters for tht
McBee Co. of Athens, Ohio, man.
ufacturers Of special accounting
equipment and forms. Mike c
Nolan, district manager since 1899
has been named regional man.
ager.