Evening star., 1930-05-21


also of the Riggs John II. Snyder.
Bank.
Announcement of the winners was
received from George o. Watson, presi-
dent of the Liberty National Bank, who
was chairman of the judges committee,
the other members being Francis G.
Addison, jr., vice president OF the
Security Savings g. Commercial Bank.
and Howard Moran, vice president OF
the American Security & Trust Co.
All three winners wrote on the sub
ject, my Job. My Duties. What Are
the REQUISITE Qualifications and How
Nav I Be of Greatest Service to My
Bank in Helping to Increase Earnings
and Reduce Expenses"
Honorable mention was given John
G. Franjoni of the Federal-American
National Bank for his fine essay on the
other subject, How May the Clearing
Of Checks on Nearby Points be Ex-
pedited?"
There were 2s contestants this year,
the largest number since this contest
was started. Twenty-four A. I. B. STU
dents wrote on the first topic, while
the other five discussed the clearing
house situation.
The three judges, who are all past
presidents of the District Bankers
Association, had to spend great deal
Of time In determining the winners,
the papers being considered unusually
good. The judging Is all done by num-
bers, SO that the writers OF the essays
are unknown to the members OF the
committee.
Miss Catherine Krieg of Riggs landed
among the winners for the third time.
She has now won second, f1rst ana
third place in the order mentioned, ana
has already read essays before two con-
ventions Miss Pearce, the winner, mas
been connected with the Federal Amer
ican for some time and is particularly
interested in bank advertising.
Louis Purnell who took second place.
il lust a mere man working In the
banking field The same may be said
Of Mr.. Franjoni, accorded honorable
mention. Their essays showed marked
ability.
Snyder Heads Underwriters.
John H. Snyder, who has just been
elected president of the District Of CO.
lumbia Underwriters Association, was
born In Richmond, Va, May l6, 1878,
moved to Washington when years Of
age and has lived here ever since. He
attended the public schools and worked
for several years for the Southern
Railway.
One of his first insurance positions
was that of cashier in the Washington
office of the Home Life Insurance Co.
Of New York, taking this place in 1899.
Six years later he became connected
with the Mutual BENEFIT Life Insur-
ance Co. OF Newark, N. j., and has
been with the company ever since that
time.
In April, 1925. Mr. Snyder was made
af ,Q
Club, the qualification for membership
being IS years service. He Is one OF
the most active life insurance men in
Washington and has taken great In
terest in the Underwriters Association.
He is a member of the washington
Board Of Trade, a director in the Fire
mems Insurance Co. Of washington,
member of the First Baptist Church
and the Indian Spring Golf Club.
Peoples Drug Stock Reviewed.
In an analysis of Peoples Drug Stores
preferred stock attention is called to
the fact that the drug business Is one
of unusual stability. 1t is stated that
Peoples has become the third largest
drug store chain in the United States,
now operating lit retail stores in Wash
ington, Virginia, West Virginia, Mary
land, Ohio and Pennsylvania. The
1ngton and Akron, Ohio.
AS already noted, sales for the first
four months of the present year showed
an increase Of over 18 per cent. An
earnings statement covering business
done during the past four years reveals
steady expansion in profits, while the
number of retail stores has been steadily
increased at the same time.
The preferred stock is listed on the
IN
common and preferred are both listed
on the New York Exchange. The presi-
dent, Malcolm H. Gibbs, and the other
executives have directed the company's
operations for several years.
Today's Trading on Exchange.
Trading was quiet on the Washington
OF Capital Traction appeared on the
board, selling at 72a., which was gain
Of "a Of point above yesterdays close
Norfolk & Washington Steamboat Co
rights registered 17A, so shares of Co.
lumbia Title Insurance sold at 8 and II
shares of Terminal Refrigerating B
Warehousing Corporation came out o.
48h.
Fifty shares of Carpet Corporation
appeared on the board at 26la, same O.
yesterdays close, and small lot o!
Potomac Electric Power SIX per cent
preferred came out at 1868, ex-div'
dend.
Lanston Monotype is also being quoted
ex-dividend The first sale in the newly
listed Prince Georges Bank 6s Trust Co
stock is still awaited with the bid price
at 80.
Financial District Notes.
The Mergenthaler Linotype Co. ha.
omitted the usual extra dividend due
at this time. The regular quarterly
dividend Of $3.50 has been declared
payable June 80 to stock of record june
4. In the two previous quarters extrs
dividends of 25 cents each were paid
Previous to that time the stock was OF
SIS basis with quarterly extras Of 81
cents.
The last meeting Of the year of tn,
council of administration of the loca
bankers association will be held a weel
from tomorrow 1t will be a luncheon
The last bankers midweek luncheon
before the convention win be held ,
week from today.
Eliot H. Thomson OF the Washington
Loan & Trust Co. presided at lunch
con meeting at the Carlton yesterda!
attended by some Of the leading finan
cial advertising men here for the con
vention. The expansion in bank ad
vertising was especially noted by Earl,
Bryson, president of the Financial Ad
yeftiserS' Association.
Others who spoke briefly were Car
Code of the Continental Illinois Banl
& Trust Co., Leopold Chambliss of tn,
Fidelity Union Trust Co. Of Newark
Guy Cook Of the First National Banl
OF Chicago, and John Foley of A. G
Allyn 81 Co. Of Chicago.
The Department OF Labor report
there was slight change In employ
ment in the combined 13 industria
groups surveyed by Bureau OF Labo
Statistics in April, as compared will
March.