Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-10-02

~ SAAAS
west on II street,
| the exterior being E. J. S:erw" ger:
| a perfect match with the stone IN -ne
wall of the original building. The loop.
| is three times as large as before ane
the cage space has been doubled. Tn'
cep themselves have been enlarged
and telephone and telautograph com
! munication installed in each one. Ins
extensive changes were started IN July
1927. end an exceptionally attractive
bank building is the result.
A new vault was installed for 4ths
banks exclusive use. This has l5-tor
door and the modern vault now hold:
the comneny's stocks, bonds, collatera
end cthor securities. On the thlre
floor is the enlarged bookkeeping de-
oartment and filing room. The new
directors room. on the ninth floor
facing s-uth, is delightfully."- situated
Much of the former board room has
been taken over by the trust depart
ment. these quarters having been en-
tirely rcfin.shed.
Present Officers and Directors.
Oficars of the Union Trust Co. ar,
Edward j. Stellwagen. president: Georg'
e. Hamilton, vice president, attorne!
and trust oficer: George E. Fleming
vice president and assistant trust OH
: Ger; Walter S. Harlan. vice president
Edward L. Hillyer. vice president ant
second assistant trust officer; Edison
Olds, vice president and treasurer
Irving zirpel, secretary and third assist
ant trust officer; w. Frank d. Heron
assistant treasurer; S. William Miller
assistant treasurer; G. Elmer Flather
! assistant treasurer: william s. Lyons
assistant secretary, and George E. Ham
ilton. IT.. assistant attorney.
The following serve on the board 0
directors: A. L. Baldwin, j. Harry Gov
ineton. Joseph H. Crawford, g. Thoma
Dunlop. George E. Fleming, George Z
Hamilton. John II. Hanna. Walter
Harlan. Frank C. Henry, John 9. HOY.
]. D. Kaufman, A. S. Kenny, James
Lambie, Thomas P. Morgan. George =
Myers. H. C. Newcomer, Daniel w
O'Doneghue, z. S. Porter. Ord Preston
| John n. Small. Luther F. Sueer. Edwar'
]. Steliwagen and Charles F. wilson.
stores Report on Sales Trends.
Sales IF chain stores reporting to tn
Federal Reserve system In August wer'
! larger than a year ago in all lines o
| trade except cigars end tobacco. sale
of groceries, apparel and dry goods, ant
| drug chain stores we've reported to b
about 20 per cent larger than in Auyus
of last year: those of candy. and sho
chain stores were and IL per cen
larger. respectively. and those OF sand
! lO-cent chain stores were per cen
larger.
The reporting chain store con1oanie
| hay. more stores In operation than 1
year a~o and the increase in sales re
facts the growth In the number o
stores as well as changes in tbs volum
| OF trade. :,
Sales of mail order houses were q
per cent larger than in August OF las
wear. These companies are also open
| ing additional outlets and part OF IN:
growth In total sales reflects the bust
ness of the new stores.
Insurance Business Booming.
TIL. life insurance business is grow
| ing more rapidly than any other busi'
ness in the country. according to flg'
ures submitted by Clinton Gilbert: in
surance stocks specialist, which SHOW
that the assets of the life insurance
companies are gaining at the rate @
1928, O00, 900 a month, or 81, ATS 600 ,0Ot
a year. At this rate of growth 1t \
estimated that the total admitted asset;
of life insurance companies OF tn,
United States will be equal to NOR,
than SIS 100000. 900 by the end Of 1928
Growth of the assets Of life in
:urarce companies Is exceeding that o
the public utilities, the railroads, ant
even of the automobile. companies
which ran only about per cent aheat
for the first six months of 1929: com
pared to an increase Of about ii pc
cent for the life insurance companies
Sanitary Grocery Market Leader.
Sanitary Grocery was the most activ
stock on ths Washington Exchange to
day, opening at new low on the pres
ert move at 1917. After several sale
of l0-share lots, the stock firmed u
and so shares sold at 1873 and 70 NOR
at 1874 AS is so often the case, q stoc
is pushed up on merger rumors an
when the merger is announced the stoc
reacts on 1.-The good news" Safewa
Stores dropped 10 points on the Me-
York Curb yesterday and Sanitary Gro
Gerry was off IL points, closing at 40S.
Potomac Electric Power S19 per cen
preferred sold to the extentof As share
at 10ssA. Chestnut Farms Dairy move
at lot, Lanston at 1i3ia and two share
of Mergenthaler at l01. Two shares G
Washington Gas came out at 997s., an
20 shares Of Railway & Electric pre-
ferred moved at par. ~ -
In TIL bond division Capital Tractio
IS sold al 1918, Washington Gas g.
series B, at 108. The corporations scrie
A bones sold at 1857. Washington Ga
IS came out ct 1929. - =
Heard in Financial District.
William D. Hoover, president of tn
National Savings a. Trust Co.. has re
turned from months outing in Main,
most of which he spent fishing on til
Eangcley Lakes. Woodbury. Blair, vic
president OF the same bank, he's Els
returned from a Summer at his plae
at Newport, f. l.. and Frank w. Ston
another vice president, will start on h
vacation THURSDAY. having planned p
extended motor trip and visit to Al
iantic City.
Wright. Slede g. Co.. in their bre
kerase. offices at the Mayfiower Hote
have installed facilities for receivin
complete world series returns. Com
mencing with the first game. they wi
open their Offices to the public an
furnish information on the annu;
classic.
Local stockholders have receive
word that the Burroughs Adding Me
chine Co. has declared special div
dend of 81, payable October 81 to stock
holders of record October is.
The McCrory Stores Corporation h.
declared the regular quarterly dividen
of $50 on the preferred stock, payah
No"er'bsr to stock OF record Octc
Der GO.