Evening star., 1932-01-12

fNODElH H. N4cAA
shall, Clarence F. Norment, Simeon L.
Price and William P. Reeves.
Col. WriSley Brown president OF the
company, reported a highly satisfactory
years business when general conditions
are taken into consideration. At re-
cent meeting the directors declared the
regular Semi-annual dividend OF Sl.5O
per share and an extra dividend of Is
cents per share That action in itself
shows how business has been moving
during the past IL months.
The company is now so years old. 1t
has cold storage ice manufacturing
and a general storage business, together
with car icing, truck delivery and a
very close connection with the frelght
yards of the Pennsylvania Railroad.
Business in recent years has shown
very healthy advance.
Banks Elect New Directors.
Results of the annual meetings of
the stockholders of many Washington
banks, held today, appear elsewhere in
The Star. The Washington Loan &
Trust Co. added two members to the
board. the Commercial National two
the Franklin National one and the
Union Trust Co. one. Other banks re-
elected the same stockholders. The
Security Savings g. Commercial Bank
and the National Bank of Washington
held their organization meetings right
after the stockholders meetings, the
same officers being reelected. Some OF
the others are organizing later today,
but most of them will elect officers for
the year later in the week.
Junior Bankers Arrange Dinner.
Richard w. Hill, national secretary of
the American Institute of Banking, will
be honor guest of the Washington
Chapter Thursday evening at dinner
at the Raleigh Hotel. The dinner Is for
the members of the faculty, committee
chairmen and the board of conSuls and
is held at this time in connection with
the opening of the second semester.
The educational chairman this year is
Richard Norris. The chief address of
the evening will be made by Mr.. Hill
and several important announcements
regarding the banking courses for the
last half year will be included.
Treasury Issue Oversubscribed.
Secretary Mellon today announced
acceptance of bids totaling S50,l75,000
on 91-day Treasury bills dated January
l3 and maturing April l3, 1882.
Bids on the bills, offered on January
7, were opened at the Federal Reserve
banks. ... 4
The total applied for was S169, ,337 900.
The highest bid was 99.368, equivalent
to an annual interest rate Of about 2lz
per cent and the lowest bid accepted
was 99245, equivalent to an interest
rate of about 3 per cent.
Mortgage Officers Reelected.
All officers and directors of the Mort
gage Investment Co. of Washington,
Inc, were reelected yesterday at the
annual meeting They are A. S. Gardi-
ner, president; Harry R. Carroll, vice
president; Fred j. Neuland, secretary;
Ivan K Strasburger, treasurer. Direc-
tors, John N. Auth, Harry r. Carroll,
A. S. Gardiner, Fred j. Neuland, E.
w. Petherbridge, Ivan K. Strasburger,
Charles Stanley White, Ernest G. Wal
ker and C. w. Witherow.
Women Seldom Lapse Insurance.
When woman starts life insur-
ance savings account she does not drop
the plan as frequently as does the man
who starts such a plan. The exact fig
ures, according to a survey MADE by
one of the large old line companies, IN
dicates that men change their minds
and their insurance savings plans one
third more often than do women.
The survey also lnQlcaJeS tne 1acC
that when an immediate member of
the family IS named as the beneficiary
the insurance is maintained with great
er frequency than when a mans estate
or his business is the beneficiary.
Today's Trading on Exchange.
Peoples Drug Stores preferred open
ed trading on the Washington Stock
Exchange today, two 5-Share lots SELL
ing a 8OIa. These were the first sales
recorded on the local board since the
annual report came out few days ago
showing a gain Of over 4 per cent in
sales compared with 1890; also that
December sales were more than 4 per
cent above the business done in De-
cember, 1880.
Capital Traction stock was stronger
than it has been for some time, 10
shares changing hands at 20, following
the last previous sale at 1872. Capital
Traction SIS appeared on the board in
a $500 sale at co.
Washington Gas 6s, series B, came
out in a 81 900 sale at l03A, while
$500 Washington Gas SIS sold at 10034