Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-20

ner cent behind ~
last years totals. Ralph ID. Quinter.
Florida reported
drop in insurance of 10 per cent, the
same as North Dakota and Tennessee
Nebraska's decline of 20 per cent being
the only other State in the Union to
have such a recession. New Mexico
headed the nation with 80 per cent
advance.
The l2-month period ending June 80,
1929 was a good period for life inSur-
ance The country as a whole IN
creased its production per cent over
the preceding IL months. All the sec
tions, except the South Atlantic, which
recorded a very slight loss increased
their volume during this period.
The South Atlantic States as a whole
show a l per cent gain in June over
June, 1923. For the first half OF the
wear this section shows an increase in
production of 2 per cent over the nrst
Six months of 1928. During the IL
month period ending June 80. 1928,
these States fell l per cent below the
production of the preceding IL months
The Middle Atlantic States fell per
cent below the production in June, 1928
For the first half of the year the pro-
duction shows a per cent increase
over the first six months of 1928. For
the past IL months the production OF
this section shows a per cent gain
over the preceding IL months.
ouinter Appointed Trust Officer.
RaInh D. Ouinter has been appointed
trust officer of the Commercial Ma
tional Bank. according to announcement
made by President r. Golden Donald
son. He will assume his office August l.
It Is the intention OF the bank 70
broaden the activities of the trust de-
partment along lines national banks
in the larger cities have found neces-
sary in order to afford them the OPP
portunity of rendering complete bank
Ing service to their depositors. Mr..
Donaldson said Mr.. Quinter was selected
to take charge of what the bank re-
CARDS as one of-itS most important units
because of his known experience in the
administration of estates and his con-
.nection with the largest estates ad-
ministered in the Probate and Equity
branches, of the local courts.
Mr.. Quinter is well known in local
legal and financial circles having been
ruptcy for the District of Columbia.
He was born and educated in Washing
ton, graduating from the Georgetown
Law School in 1908 and later serving
as an instructor there. He was Secre-
tary to the late Justice L. E. McComas
of the Court of Appeals and the late
Justice Ashley NJ. Gould of the Supreme
Court of the District of Columbia.
Mr.. Qulnter Is a member of the
American Bar Association, Society of
the Sons of the Revolution, the Metro
politan Club, the Chevy Chase and
Princess Anne Country Clubs and of
the Delta Chi Fraternity.
Safe Deposit Officers Chosen.
II
trict of Columbia Bankers Association
organized yesterday for the new adj
mlnistrative year. Charles E. Howe,
treasurer. American Security & Trust
Co., was reelected chairman; Frederick
H. Cox. cashier, Commercial National
Bank was named vice chairman, and
Joseph D. Yerkes, assistant cashier,
Federal-American National Bank, Sec
rotary.
These officers, with Samuel r. Baul-
sir, cashier, Security Savings & Com
mercial Bank, and w. H. Harper of
the safe deposit section of the Wash
ington Loan g. Trust Co., form the
council of the section.
Wholesale Prices Stronger.
A slight reaction from the recent
downward trend of wholesale prices is
shown by information for June coll
lected in representative markets by the
Bureau of Labor Statistics of the
United States Department Of Labor.
The Bureaus weighted index number
stands at 96.4 for June, compared with
95.8 for May, an increase of more than
II of l per cent. Compared with June,
1928, however, with an index number
of 976, decrease Of IA per cent is
shown. Based on these figures the
purchasing power Of the dollar in June,
1929, was 1887, compared with 100 in
the year 1926.
Check Payments Decline.
Volume of money turnover during the
week ended July 10, as indicated by
check payments, was lower than in
either the preceding week or the cor
responding period of 1928, according to
the Department of Commerce.
Cotton prices, showing no change
from the previous week. we're lower than
previous year. Business failures were
more numerous than in the preceding
corresponding period of 1928.
Receipts of cotton during the latest
available week showed gain over the
like week of last year. Cattle receipts
showed decline from year ago. while
receipts of hogs showed gain. Wheat
receipts were considerably greater than
In the similar week of 1928.
Public Utility Developments.
q. Mp. Murphy & Co., in review
of public utilities, says:
THE use of electricity by existing
domestic customers, judged by the as
Sociation's figures, gives every evidence
of still being responsive to reduction in
its cost. A steady decline in the aver
age price paid by the domestic con-
sumner from 7.39 cents per XVIII. III
1922 to 655 cents in 1928, has been &C
companied by an increase In average
annual consumption from 359 XVIII. in
the earlier year to 459 last year.
I'm these figures it is notable that
while the average gain in the six-year
period from 1922 to 1928 was about asa
per cent, tn increase in 1927 over 1925
was about 6.18 per cent and that of
1928 over 1927 about per cent; In
other words, the use per consumer ap-
pears to be growing at an increasing