Evening star., 1931-12-10

districts the month. had the same number
Of business days this year and last year.
Opens Own Insurance Offices.
William c. worthington, former local
banker, has opened insurance Offices
In the Evans Building, where he will
be a special underwater for the Mas
sachusetts Mutual life Insurance Co.
During the past IT years he has repre-
sented the National Life Insurance Co.
Of Vermont, as manager and associate
manager Of the local office.
MIR. Worthington is a member Of the
District Of Columbia Life Underwrit-
ers' Association and, In addition to
serving for several years as member
of the Executive Committee, has held
the Office of secretary-treasurer and
vice president.
Prior to entering the life insurace
business Mr.. Worthington was prom
inent in local banking circles. 1t was
in 1918, while holding the position of
cashier of the Merchants g. Mechanics
Savings Bank, subsequently merged
with the Munsey Trust Co., that he
introduced to Washington the Christ
: mast Savings Club The Christina IS
Club opened oy the Merchants g. Me-
chanics Savings Bank was the third
of its kind to start in the United
States, the only clubs prior to this
having been opened in Harrisburg and
York, Pa.
Local Dividends Declared.
The directors of the Federal Storage
Co. have declared the regular quarterly
dividend Of 50 share on the COM
pany's preferred stock, payable Janu-
AIRY is TO stockholders Of record De-
cember 81, President E. K. Morris an
nounced TODAY.
The Columbia Sand g. Gravel Corpo-
ration declared the regular quarterly
dividend of s1.75 per share on the
preferred stock, payable December 81
to stock Of record December IA
Directors of the Union Trust Co. yes
terday declared the regular quarterly
dividend Of 2 per cent, payable Janu-
airy is to stock Of record December
81, and also an extra dividend of
holders of record December ~. This is
the same action as taken at this time
a year ago.
Todays Trading on Exchange.
Trading opened on the Washington
Stock Exchange today with a small
lot Of Lanston Monotype selling at So.
On the next sale of a single share the
stock sold up half point.
Another single share transaction ap-
peared on the board when American
Security & Trust Co. stock sold at 2e0
Capital Traction registered a l0-share
sale today at 81, the same as recent
sales. The concluding stock sales were
small lots of Potomac Electric Power
5l2 per cent preferred at 1861.
Bond trading was quiet. Two 81 900
sales registered in Capital Traction SIS
at 81, and a Washington Gas s, series
A, baby bond came out on the board al
100.
Members OF the exchange are much
interested in the introduction in Con-
gresS Of another bill calling for the
merger of the local street car COM
panies. 1t is felt that the taxicab sit
uation may make the officials of both
companies much more favorable to 9
merger than they have been in the
past.
Heard in Financial District.
Secretary Mellon in his annual report
voiced thu expectation that in 1885,
there would be definite improvement nj
IN industry and business. In making
forecasts Of revenue it has been as.
sumed that in the calendar year 1885,
there will be definite improvement ir
the general conditions Of industry ane
trade" the Secretary said.
The Virginia Southern Railroad ha.
asked Interstate Commerce Commits.
sion authority to abandon 26 miles oi
line extending from Marion via Sugar
Grove 10 Troutdale, Va, because pool
business occasioned by motor trucl
competition has resulted in an oper.
ating deficit.
Former employees of the Southern
Railway in Washington, who wer,
transferred TO Atlanta, were recent,
complaining over the service charge
in Atlanta banks. The charges ther,
are small compared with reports from
California, which state that banks o
Sacramento and nearby counties ant
the institutions IN counties north o
the Bay region have approved q piar
fer adoption of a charge of 1 cents ,