Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-02-23


American Bankers .ar& q
Association.
The banquet James A. Soper
chairman, 7. Hun
ton Leith, states that the attendance
will be the largest of any dinner yet helc
and promises one of the best Of pro-
grams in addition to the leading adj
dress. The chapter brought to Egh'
such brilliant amateur talent a yeal
ago that some of this will be seen again
in new and fascinating numbers. The
program will be crowded with interest
and is to be followed by dancing. James
A. Soper, chapter president, will pre-
side.
Twelve women bankers from other
cities will be guests of the women's
committee of the chapter. According to
Miss Catherine Krieg they will be Miss
Martha Scally of the Old Colony Trust
Co., Boston: Miss Mary NJ. White, Chase
National Bank, New York; Mrs
Elizabeth S. Robinson, North River
Savings Bank, New York; Mrs. Helen
M. Hamilton, secretary of the Essex
County Chapter; Mrs. Ruth L. Reeve
Milburn National Bank, Milburn, N; j.;
Miss Mabel Snowden, Philadelphia
Girard Bank, Philadelphia; Miss Anne
Leslie, Investment Registry of America
Inc. of Philadelphia; Miss Willett, First
National Bank of Philadelphia; Miss
Hazel Foster, Eutaw Savings Bank OF
Baltimore; Miss Ethel Norris and Miss
Catherine Brickwedde of the Federal
Reserve unit of Baltimore, Mrs. Ollie
Gentry, First and Merchants Bank OF
Richmond, and Mrs. Louise STRATEGY OF
the Federal Reserve of Richmond.
January Auto Output Gained.
January production of motor vehicles
/ in the United States was 402, 1854, COM
pared with $685. 07 in December, and
23l ,728 in January last year, according
to the Department OF Commerce. Pro-
duction in Canada totaled 81 sol motor
vehicles compared with 9,425 in Deem
Der and 8,463 in January, 1928.
Production of passenger cars in the
United States last month was 350,617,
compared with 205, 793 in December and
205,646 In January, 1923. Canadian
production OF passenger cars was II 1874,
compared with 6,734 in December and
6,705 in January, 1928.
Production of trucks in the United
States was 1887, compared with 23,114
in December. and 26,082 in January,
1928. Canadian production of CONNER
cial vehicles was 4,337, compared with
1851 in December and 1853 in jan
uary. 1928.
Bankers Assume New Duties.
At the Lincoln National Bank today
James A. Soper began his new duties
as second vice president, taking the
place left vacant by the recent death
of John w. Brawner. Three other mem
bers. of the banks staff, Richard
A. Norris, Robert E. Lee and D. Ham
mond WetZel commenced their work as
assistant cashiers. AS already noted,
the four promotions were made at a
meeting of the directors held Thursday
The board at the same time elected
z II. B. Leary, ST., a director to take the
place on the board left vacant by the
s death of Mr.. Brawner Members of the
local Institute of Banking are taking
A1nuch pride in the fact that Mr.. Soper
lis chapter president and that he and
Mr.. Norris are graduates, while Mr.
Wetzel and Mr.. Lee will complete
courses at the end of the present year
Mr.. Soper has been cashier of the
bank since June, 1925, and retains this
position.
New Monthly Insurance Record.
j Surprising all previous records fol
January, the volume of life insurance
production last month was 1876 pei
cent higher than in January of 1928
The amount of new business in January
is usually one of the low marks of the
year, yet the months production this
year exceeds the average monthly pro-
duction for 1928.
Each class of businesS-ordinary in
dustrial and group-establishe new
record for the month Tic January
production this year was 1913 per cent
In excess of January, 1927.
The new paid-for buSiness-exclusivt
of revivals, increases and dividend addi-
tions-of A leading companies amount
ed to $1,024, 478,000 during January Of
this year, as against 1853, SOC, 900 during
January OF 1928, an increase of 1876 pei
cent; ordinary insurance amounted Il
$659. 843, 900. as against $3.50, 462, 900 ii
January, 1928, an increase of 1877 PEI
cent; industrial insurance amounted K
$265, $4,000. as against 1926, 1903, 900 II
January, 1928, an increase Of 1875 PEI
cent.
Group insurance amounted to $685.,
$4,000 in January of this year. a:
against S94,445,000 In January, 1927
the previous high mark for January, ar
increase of "A per cent.
Peoples Drug Votes Dividend.
Peoples Drug Stores, Inc, has de-
clRred the regular quarterly dividend
Of 25 cents on the common. payable
April ! to stock of record March 8
and $l.62l2 on the 6la per cent con
vertible preferred, payable March Is Il
stock of record March /.
The American Stores Co. has de
clared regular quarterly dividend of 81
cents on common, payable April l t.
stock Of record March Is.
The Cities Service Co. has declared
regular monthly dividends of 10 cent
in cash and one-half of / per cent il
common stock on common stock, s.
cents each on preferred and preference
BIB" and cents on preference "B,
sll payable April l to stock of recor,
March Is.
Trade Better Than Year Ago.
Volume of trade during the wee
ended February is was substantial
above the level for the correspondent
period year ago, although declin
was shown from the preceding weel
according to check payment data col
lected by the Department of Ccmmerc
and made public yesterday in its week.
business survey.
Preliminary figures on the productio
OF electricity by public utility powc
plants in the United States last yea
issued by the Geological Survey. ind
cate an output of 1881 900, 900 kiloWat
hours in 1928, an increase of 9.5 DC
cent over the output for 1927.
The auditors section of the Distric
Bankers Association, of which J Dan
Faber is chairman. had a most into,
esting meeting Thursday evening at til
University Club.
Alfred Hurrell. vice president an
general counsel of the Prudential Ii
surance Co. has been elected a men
Der of the board of directors.
The Washington Stock Exchange fo
lowed the example set by the Ne
York Exchange and remained closed L
day, all orders being held for the Nor
dav session