Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-12

msnt being payable
October is to share n
holders Of record
September 80.
The directors of 'A111aAAzz
the District Ma John II. SNYDER
tiopal Bank yester-
day afternoon voted the regular quarter
" dividend of per cent, the payment
date being September 80 to stockholders
of record September IS,
Early this week the Riggs National
added per cent extra to the regular
dividend due at this time. Several other
banks are due to take dividend action
within short time.
Insurance Men Start Meetings.
John H. Snyder, president of the
District OF Columbia Life Underwriters
Association, presided at the first meet
ing of the season, held yesterday noon,
at the Hay Adams House. Edward M.
Johnston of Syracuse N. Y, gave an
inspirational address, in which he de-
clared that the main point in selling
insurance was to make the story short
enough to make the sale. He believes
many agents talk themselves out OF
many sales. One of the main differences
between sales and near sales Is the
manner which the agent tells his story,
he said.
In addition to President Snyder, the
other officers this year are Paul d.
Sleeper, vice president; Philip L. Bald
win, second vice president; A. q. Grin
nell, secretary, and George B. Farquhar,
treasurer.
A. e. p. Sees Business Gains.
The Great Atlantic g. Pacific Tea Co.
reports sales for August of $78, 1862 1858,
establishing a new high record for the
month. This compares with SIS, $780, 42
for the corresponding period of 1929,
and represents an increase OF $S'l72'226'
or 422 per cent.
Because of the decline in retail food
prices the gain in tonnage sales, or &C
tuaf amount of goods sold, was greater
than the increase in dollar sales. Ton
mage sales for August were 3s91l3 tons,
compared with 335,628 tons in August,
1929, an increase of. 81, 485, or 1894 per
cent. A statement issued today by the
company said:
Although July sales of the company
showed the smallest gain over sales for
the corresponding period in 1929 OF any
month in 1890, the August business was
at an accelerated pace. Reports COM
ing TO the company from its divisions
scattered throughout the country iI1di-
catara stronger inclination to buy on
the part of the public. AL indices of
the company encourage 1t to believe
that an. Improvement has begun which
will continue through the Fall and
Winter.2 -.
DetwfiCr TO Speak Here.
Paul B. Detwiler, former president of
the American Institute of Banking, VIII
address the open meeting OF Washing
ton Chapter, next Tuesday evening at
the Willard He is assistant cashier OF
o1v az
has been one of the national leaders
in the institute for several years. He
is now a member of the Philadelphia
Chapter faculty, teaching banking
fundamentals and standard banking.
Over 900 tickets have been issued for
Tuesdays meeting which will be held
in the small ball room. Certificates Tor
the last semester, which ended in June,
will be awarded and also the special
prizes for high marks. 1t will be one
of the most important meetings OF the
year.
Last nights meeting of the faculty,
officers and consulS, at the Raleigh, was
largely attended, the chief address
being given by Richard w. Hill.
Trading on d. C. Exchange.
Trading on the Washington Stock
Exchange today covered quite variety
of issues, but was in very small lots.
Capital Traction, now ex-dividend,
closed the week at 60l2 after selling
today at 60% and 6034. Norfolk &
Washington Steamboat Co. sold at 235,
Potomac Electric 5la per cent preferred
at i077s and Lanston, ex-dividend, at
49,
A single share of American Security
g. Trust Co. stock came out at 382 Il,
Peoples Drug Stores preferred closed,
ex-dividend, at 102, and Potomac Power
6 per cent preferred moved at 1101a.
Washington Gas Light bonds and
Capital Traction IS monopolized trad
ing in that department. The unlisted
stocks were called off and showed no
important changes in quotations.
Financial District Notes.
President John B. Larner of the
Washington Loan g. Trust Co., is spend
ing few days at his country home at
Miff1intown, Pa.
Arthur Foraker, manager Of the
Washington Office Of Eastman, Dillon &
Co, is spending the week end in the
Blue Ridge Mountains.
President John Poole Of the Federal
American National Bank will be back
at his desk Monday after vacation at
Virginia Beach.
w. w. Spaid, partner In w. B. Hibbs
g. Co, has gone to Atlantic City for q
weeks vacation.
The New York Title g. Mortgage Co.
opened its Washington branch office to-
day in the Shoreham Building. w. J..
Booher is local manager and B. s.
Bailey title officer. The Offices were
open for inspection today, and many
business men inspected them.
The Franklin National Bank has a
fine new flagpole in place of the one
ruined several weeks ago by lightning.
At the time bankers commented on the
fact that electricity, discovered by
Franklin, should hit hagpole on a
bank named for him.
The appointment of E. b. Swanson
as chief economist OF the Division of
Petroleum Economics Of the United
States Bureau of Mines is announced by
Scott Turner, director of the bureau
Mr.. Swanson has been serving as act
ing chief of the division since October
1923. He is a graduate OF the Univer-
sity of Washington and did graduate
work in economics at the Robert
Brookings Graduate School in this city
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