Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-06

Nine wears 1dItI. III # s<x* -
1902. he had risen
to the position oil c. i. Tiffany.
and returned to Warrenton 10 take tne
nosition of cashier in the Fauquier ma
fional Bank, then newly organized. he
served as cashier until 1911, and on
the death of the president, the late
Judge c, M. White, was elected presA-
dent. ~ ,SRory
was chairman Of liberty loans anu Wa
savings for Fauouier County. In 1915
he was president of the Virginia BANK
ers' Association: in 1929 he was presi-
dent of the Stockholders Association on
the Federal Reserve Bank OF RlchIroliu'
and has been for some time hieIIlpG I
of the executive council OF the AlneEl-
can Bankers Association. 80, ~.
Among the local positions which M
tiffany holds or has held may pc men
toned member of the Town Councl.
,,resident of the Warrenton Chamber OF
Commerce. treasurer of the Warrenton
Tihrarv Association; treasurer OF the
TFounlier Hospital Association, past
ma ter of Mount Carmel Masonic Lodge,
and district deputy grand master. ne
is also active in the Rotary Cluo ano
prominent member and oncer OF wal
renton Baptist Churcn: ,,.,,
Fletcher of Warrenton, daughter OF the
late T. N. Fletcher. and niece OF the
late Albert Fletcher, a member OF tne
last Virginia Constitutional Convention.
They have three daughters.
Acacia Business Shows Gain.
President William Montgomery OF the
Acacia Mutual Life Association, reports
that new insurance written in OCTOBER
Amounted to more than $3.250,000, a
larger amount than for many months OF
the current year and continuing an up
ward trend which started several
months ago.
''The figures for october are espe-
cially encouraging" Mr.. Montgomery
said. because they indicate that our
efforts to build back TO previous levels
are getting very tangible results. NOW
that we have established DEFINITE up
ward trend. and are maintaining it, We
are convinced That succeeding months
will witness further substantial gains.
The directors and President Mont
gcmery likewise are gratifled at the
manner in which reinstatements are
continuing to hold up IN response 70
Acacia's policy of giving close attention
to the lapsation record. The favor
able trend Of recent months was main
tanned in october. when reinstatements
totaled more than $l.650,000,
AS of the end Of october the volume
of insurance III force by Acacia aggre-
gated more than 1868 100000.
Trading on d. c. Exchange.
Trading on the Washington Stock
Exchange opened today with $1,000 and
$500 Washington Gas Light IS, Series
A. selling at 1904, up "a from the last
previous sale.
other bond sales recorded included a
$500 turnover in Capital Traction 5S at
III and $500 Washington Gas IS, Series
B, at 1929. The Traction transfer was
under the last sale, while the Gas bond
moved at the same figure as a trans
action made yesterday.
washington Railway & Electric pre-
ferred was the first stock traded in,
small lots selling at "a. unchanged from
the last quotation. National Mortgage
g. Investment preferred figured in five
50o-share sales, all made at 4. This
price was also unchanged from the last
previous sale.
Potomac Electric Power per cent
preferred stock recorded a 25-share
turnover at 1917, same as yesterdays
closing. This stock is one of the most
active issues on the board, considerable
more than 1000 shares having changed
hands during the present year. The
market closed with two 10 and 5
share sale in Mergenthaler Linotype at
"a, up full point from the last closing
quotation.
Dollars and Sense" Is Out.
The FIRST Fall number of Dollars and
Sense, published by Washington Chap
ter, American Institute Of Banking, has
just appeared. 1t is condensed. all adj
vertising being omitted. but is still
lively sheet, filled with informal matter
about the doings and doors in Wash
ington Chapter.
1t is brought out by the recently ap-
pointed editorial staff, Norman E. Tow
son of the Washington Loan a. Trust
Co. being editor in chief. The other
members are Catherine M. Kreig, Riggs
National; Lloyd H. Johnson, Northeast
Savings Bank. Mabel V. Royce, Wash
tngton Loan 81 Trust Co. o. lehman
Security Savings d Commercial, and
Stuart S. Ogilvie, Second National.
The editors quote what the Economic
Policy Commission of the American
Bankers Association has to say about
the work of the institute. in which it
Is stated that the institute deserves
greater recognition among bank di-
rectors and senior bankers and that the
weight OF their authority should be
placed behind it to bring about very
great enlargement of its influence"
Heard In Financial District.
John H. Clarke, well known in local
financial circles and for the past five
years manager of the Washington office
of J. A. w. Iglehart g. Co., has become
associated with the local investment and
Stock Exchange firm Of Mackubin,
Goodrich & Co, located at 1903 H street
northwest.
Holdings of discounted bills decreased
$4,000 900 at the Federal Reserve Bank
OF Richmond during the week ended
November 4.
Sales Of S. S. Kresge during October
were off 81 per cent. but for the first
10 months of the year are down by l.3
per cent from the same period a year
ago.
The declaration of the regular quar-
terly dividend of IS cents per share or
General Motors cormon stock is consid-
cred here to prove that the directors are
confident over the outlook. 1t is consid-
cred that the company would not have
dipped into its surplus unless the out
look was believed to be favorable.