Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-11-11


Charles C. Thompson president CT
the National Association Of Life Under
writers. viii be the honor guest of the
District of Columbia Association next
Monday noon at the November lunch
con at the Washington Hotel, President
John P. Lynch announced today
Mr.. Thompson is a native Of Indiana
is connected with the Metropolitan and
is now Of the leading insurance men
in Seattle. He has held all the i'm
pOrtant Offices in the national under
writer's organization and is up to the
minute with insurance news. He will
be introduced here by Vincent Saccardi
head CT the Washington agency of the
Metropolitan Life.
It was stated today that his visit will
be the first of a national president
while in Office. Local underwriters are
expecting a record luncheon attend
ance. Roger B. Hull, managing direc-
tor and general counsel Of the national
association, will also be present.
ID. c. Bank CIearings Gain
Bank clearings in Washington showed
a good gain in the week ended NoVem-
Der 9 over the previous week. Accord
ing to the Washington Clearing House
Association. cancelled checks tOtaled
Sl6876 coo for the week. compared with
Sl5938000 during the week ended No
vGmber ., but a drop of 27 per cent
from the corresponding week a year ago
The improvement will be gratifying
to business leaders. While Armistice
day was not a holiday here yet all the
New York Stock Exchange offices were
closed. which, Of course, made a dif-
ference with the days total checks.
Richmond and Baltimore did not fare
so we'll. both reporting lower clearingS.
Richmond clearingS tOtaled S25, 479.000
against S26, GA, 600 in the previous week
and Baltimore Clearings tOtaled SAB
$4,000 against S55,l25, 900 in the preVi-
Gus week.
Bank clearings at AZ leading cities
of the United States for the week end
ing November 9, a holiday week, totaled
S3.606 934000. This is decline OF 1874
per cent from the previous week and of
344 per cent from a year ago. The
heavy drop from last week is mainly
due to the eIection-day holiday. Out
side Of New York City the decrease
was 11.6 per cent as against a seasonal
drop for this period of only 3 per cent,
All sections OF the country shared
in the decline, the mountain and Mid
die Atlantic cities showing greatest loss.
The South Central section showed a
drop of only 48 per cent.
MUTUAL BANKS 10 ray SJ0tJo'ooV
Mutual savings banks CT the coun-
try are busilv filling in checks for their
Christmas Club depoSitOrs, Who VIII re-
ceive net less than S35.453,830, with
some banks yet to be heard frcm This
considerable sum viii be distributed
among more than 65O,O00 depOsitorS
OF the 13 States in which mutual
savings banks operate. New York had
the largest increase Of Christmas funds,
indicated today as Sl00,630 more than
last wear, a total for 1892 Of 1896
7O5, with nine banks yet to be heard
from. Not less than S9,376,202 will be
paid out by the banks Of the City OF
New York to 22l963 dep0sitorS.
In Philadelphia the Savings Banks
Holiday Club deposits viii total S2409,
$50: in Maine. 1852 999; in Rhode Is
land, S1.22OO00; in New Jersey, S2206,-
O50: i'll Connecticut. S2919,368, and
S816450O in Massachusetts,.
Dr.. S. S. JaffCe was last night elected
q director Of the Chevy Chase Building
&; Loan Association Of Chevy Chase
Md. Dr.. Ja1Iee is prominent Washing
ton dentist with offices on Eighteenth
street northwest. His home is on Dor
set avenue. CHEVY Chase.
The Fall meeting of the District of
Columbia Institute of Certified Public
Accountants is announced for the eve
ming Of November II at the Ambassador
Hotel. President Oscar J. Bernstein an
nCunces a program CT important pusi
ness ard committee reports. John A.
Reilly. vice president Fcderal-American
National Bank & Trust Co., will be the
guest speaker.
During trading on the Washington
Stock Exchange today, $1,000 Capital
Traction IS changed hands at 49, 10
~Lo Of Do4
cent preferred stock moved at 111l2.
and 26 shares of Chaplin Sacks 8 per
cent preferred sold at 1011s.
Red Cross desks were established in
many of the local banks today in con-
nection with the annual membership
drive of the local chapter They ap-
peared to be we'll patroniZed.
EM0IIA EI0EO al nNEN