Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-17

amounted to $219,- Craig b. HazIewood.
144000, against
$193365 900. a gain of 1873 per cent,
and new group insurance was. $99, 773,-
600, against $56,926,000, gain OF 1873
per cent.
For the first eight months of 1929,
total of all classes written was $8,651.-
sol 900. against $8047 .076,000 during
the like period of 1928. a gain of rs per
cent. New ordinary insurance amount
ed to SIS. 939, 988 900, against $5,527 .659,-
600. a gain of rs per cent. New in
dustrial insurance was SlO533il .O0u,
against 81 .8ll 050.0 a gain OF 10 per
cent, and new group insurance was
S758,142 900. against $708, 367 900, gain
OF Z per cent.
BANKERS to Receive Awards.
Washineton's junior bankers will re-
ceive the awards for hard work IN the
local chapter. American Institute OF
Banking. at an open meeting to be held
tomorrow night at the Willard. A. f.:
Henze. chapter president, has secured
William Tyler Page, clerk OF the House
of Representatives, as the Chief speaker
for the occasion.
President Wilmer j. Waller will bring
greetings from the District Bankers
Association and Victor B. Deyber, sec
retarv of the Washington Clearing
House Association, will represent that
organization. There are a large num-
Der of regular certificates. as well as
special prizes, to be presented TO the
young bankers.
In addition to awards to the students
having the highest averages IN the m
stitution's courses, the silver trophy
donated by w. w. Spaid Of w. B. Hibbs
& Co. as a prize in the chapters recent
golf tournament will also be presented.
First leg of the three for permanent
possession of this trophy has been won
by Patrick Cook of Riggs National
Bank
The membership committee of the
chapter met last night with some OF
the consuls and formulated plans in
tended to increase membership from
ao0 tn 900 Letters of invitation have
heen sent to non-member bank en-
ployes and letters to bank presidents
and directors requested their support
for the campaign.
Plans Ready for A. B. A. Sessions.
Craig B. Lakewood, president of the
American Bankers Association, an
nounces that the finishing touches have
been completed for the big gathering
which opens in few days in San Fran
cisco. Mr.. Lakewood has had very
successful year as head of this import
ant organization. He has Travelled ex-
tensively to attend divisional meetings.
and has talked and written a great deal
on banking subjects. In his opinion bet
ter bank management is one of the
most vital matters now before the flnan-
Cial world and he has provided gener-
ously for discussions on this subject at
the coming convention.
Data on Capital Presented.
washinpton's $4,000 people (com-
prising 121,350 families) have total
annual income of $563,677,671, accord
ing to Great Markets of America.
book on markets, just published by the
General outdoor Advertising Co.
How part of this income is expended
is disclosed thus: Expenditure for rent,
104280.362: food, $129. 645 $50: furni-
ture. $18,601,357; laundry, $14,937,452:
mems clothing S33.820,654; women's
clothing S4847. ,274: children's cloth
ing, $37.202, 1872, and shoes, $16,910,324.
Among other facts the average net
income reported for the District of
Columbia is $4,948. The book sums up
the outlets for nationally advertised
products as follows: Automobile Access
series and garages, 1876; candy and con-
fections, 1853; department stores and dry
goods, 331; drug products, 307; cleo
trical goods and hardware, 236; furni-
ture. 1877; groceries. 2,157 jewelers., 1871;
mems clothing, 685; radio 81; shoes,
1O4; tobacco, 6l9; women's clothing,
400 unclassifed, 4795; total outlets,
11,212. Wholesale outlets, 277.
Commodity Prices.
Prices of commodities during the
week ended September IA, advanced
one-tenth of l per cent according to
the wholesale price index of the Ma
.tional Fertilizer Association here. A
continuation in the advance of fats
and other foods from the previous week
Both textiles and grains, feeds, and
livestock showed declines. A total of
20 items declined, but 90 advanced.
The price of silver continued down.
ward. and credit conditions point toward
a decline. The advances were largely
seasonal.
The following selections for the golf
team which will represent Washington
Chapter, American Institute of Bank
ing, in the coming tournament to be
played with Baltimore Chapter was an
nounced yesterday afternoon by Chair
man H. F. Kimball of the athletic
committee of the Washington organ
ization: Partick Cook w. B. Robinson,
Aubrey o. Dooley: T. Edward Norris,
G. c. Jones, Vincent A. Sheehy, jr.;
Frank M Perley and H. F. Kimball.
Stock statesmen have an eye on the
several hundred million dollars paid
out each year by insurance companies
on death claims, according to National
Better Business Bureau, which has just
issued warning to employees in Amer
icaS industries cautioning them care
fully to scrutinize all solicitations from
unknown firms following the death of
some member Of their family.
Bond Trading Features Market.
Trading on the Washington Stock
Exchange today was featured by trans
actions in bonds. The first sale was
in Anacostia e. Potomac Railroad SIS,
which registered 81. Capital Traction
SIS. figured in four $1,000 transfers
opening at "a and closing at $685..
Washington Gas 6s series A. figured
in a $4,000 turnover at 102, while the
B bonds sold at 10412. After call Po-
tomac Electric Consolidated S. sold In
$4,000 and $4,000 denominations at $685.
while Washington Gas IS closed the
bond market at 99ls.
Capital Traction stock was selling eX
dividend today, following the recent
declaration of the quarterly payment
It opened with 20 shares selling at 92I2
The days sales totaled only 80 shares
Potomac Electric Power per cent pre-
ferred came out at 11112 and the 5 ~
per cent preferred moved at 105is.
The only bank stock out today was
National Metropolitan, five shares sell
ing at 4O5 Columbia Sand & Gravel
sold at SO, District National Securities
preferred at 100, Federal-American Co
common at As and Asa, and Peoples
Drup at 1871. Mergenthaler, still eS
dividend, sold at 104H and 104.