Evening star., 1928-06-21

selling at 45o ant
one at 456 and IS more at 457. Colum
bia Sand g. Gravel sold at ora, Mer
chants Transfer g. Storage preferred
at l0e and Peoples Drug ex DIVIDEND
at los.
National Union Fire Insurance Co
moved at rs. Chestnut Farms Dair,
preferred at l04 and Security Storag,
at 1874 A sale was recorded of 55t
shares of National Mortgage & Invest
nent preferred at 53s, Bonds remained
al recent levels.
Leaves for Democratic Convention.
President Robert N. Harper of tn,
District National Bank leaves here thi
evening to attend the Democratic ma.
tional convention at Houston. Tex
The banker will go to Pittsburgh, where
by special invitation he will Join th'
Pennsylvania delegation on the trip
Eight years ago he journeyed with. th'
same delegation to the national con
vention at San Francisco.
To say that Col. Harper is an ardent
Democrat is putting 1t mildly. Hi:
hobby is banking, but he has been 8
nationally known Democrat for many
years. At present he is treasurer o.
the Democratic congressional committee
and assistant treasurer of the Demo
cratic national committee.
The District Nationals president Il
looking forward to an unusually inter
esting convention May the best mar
win." is his motto. He feels sure ht
knows who will head the ticket anc
llumorously adds that he will not lei
his name be presented for second place
Life Insurance Output Grows.
The Association of Life President:
reports an increase of 1876 per cent in
new life insurance production over the
amount of business in May. 1927. Thi:
report is based upon the records of A
companies having 50 per cent OF the
total life insurance in all American
legal reserve companies.
The report further shows thai
writings during the first five months OF
this year were 6.5 per cent greater
than during the corresponding perioc
last year.
For the five-month period, new or.
dinary insurance amounted to S3,473.-
I4D 900, against S3.393, $4,000 during
the corresponding period of last year
gain of "a per cent. New industrial
was 81 ,208. l60 900. against $l,i03,l5l,. !.
00o-a gain of 9.5 per cent. New grouE
insurance amounted to s463,534,000
dkNlIAGA &0oVs&DEybV07A BnAA IA $50 R~A
cent. -
The total amount of insurance writ.
ten during the first five months Of 1925
was S5,i44.834. 900. against s4.932 $50. .00t
during the first FIVE months in 1927
an increase Of 6.5 per cent.
Leith's Name Put in Nomination.
The name of r. Hunton Leith, as
sistant cashier of the Security Saving:
e. Commercial Bank, has been placed
in nomination for membership on ths
executive council at the national con-
vention OF the American Institute oi
Banking. at Philadelphia. Seven name:
viii be voted on tomorrow, from which
four are to be chosen. This means q
very lively contest His nearest geo.
graphical rivals are from Nashville
| Tenn. and New Orleans. The Wash.
| ington delegation is making hot figh
| for him and his chances are held a.
extra good Joseph e. Smith of Oak
| land, Calf, one Of his rivals, packed
/ the convention yesterday with thu
finest oranges from the Pacific Coast
| How many votes the oranges will swim!
remains 10 be seen.
The present vice president, Frank nj
Totten of New York. is unopposed fol
/ the presidency. but there Is a heatee
, contest on for the vice presidency
| Badges, buttons. flowers. memorandum
| books and pads, bill folders and care
] cases promoting the interests Of thi
various candidates are being distributed
among the members.
Bankers Assigned TO Special Seats.
The luncheon group of local banker
| has grown until a new seating plan wa
| tried out at the weekly gathering yes
! terday at the Willard. The tables wer
arranged in the form OF r with tn
| new officers seated across the head o
| the table. 1t so happened that six for
/ mer presidents of the District Bankers
! Association were placed at the foot tn
| bad boys" as they were branded b.
their associates during the meal. were
| Francis r. Addison, lr.; Victor B. Dey
ber, w. w. Spaid, Harry v. Haynes
Howard Moran and Joshua Evans. jr.
John Jay O'Connor, who was one o
| the speakers at the recent convention
was present as an invited guest. He
with the United States Chamber O
| Commerce.
Merchants Bank Declares Dividend.
The directors OF the Merchants Banl
& Trust Co have declared the regula
serni-annual dividend OF 3 per cent du
at this time. The dividend is payable oi
July 2 10 stockholders OF record oi
June %.
The Federal City Securities Co. ha
| also declared per cent semi -annua
dividend OF per cent. This diSbuf1e
ment is also payable on July 2 10 sha4e
holders June %.
Notes In Financial District.
Three cigar store clerks Of ID. A
! Schultz, Inc, today became vice preai
| dents Of the company. Joseph II. Fie
| ger started behind counter In New
| ark. ~. j., 10 years ago and Monroe W
| Fothschiic i6 years ago in Park Ro'
| store, New YORK. George c, FeeleS
| With % years service, was made an as
sigtant vice president All are under Al
The automotiye industry showed
marked upward trend and is now en-
ploying greatly increased forces. while
fairly satisfactory level Of employmen
was maintained In the iron and Etet
districts Of the country, employment be
ing afforded most Of the workers In thi
industry, according ~ survey made b
the Department Of Labor OF industris
conditions during May.
w. w. Spaid of William B. Hibbs
Co is IN New York 10 attend the meet
ing u the board Of governors OF tn
Association Of New York Stock Ea
change Firms, Of which he Is a mem
Der.
The Eeab0ard Air Line Railway G.
has been authorized by the Interstat
Commerce Commission ~ abatidon a
eight-naIe branch line In Coileton Coun