Evening star., 1933-03-24

in the wholesale houses were IA pei
cent lower in February of this yeal
than in the same period year ago, but
3 per cent above the s., , stocks on
hand in January During February 4e
per cent of the receivables at the be-
ginning of the month had been COL
lected, the Richmond bank says.
Wholesale grocery sales in February
were off IA per cent from February
1882. and 90 per cent below the jan
uary figure For the first two months
they were down III per cent compared
with the like period in 1882. Stocks
on hand we're II per cent lower than
at the end of February, 1882. but only
,1.2 per cent lower than at the end OF
tthe previous month. OF receivables
-adue on February l, the report shows
62.9 per cent collected.
Wholesale Dry Goods Record.
Wholesale dry goods sales in Febru-
ary were Al per cent lower than in the
same month year ago. Sales were
Sc per cent lower than in January OF
this year, but slightly higher in the
first two months of 1888 than in the
same period in 1882 Stocks on hand
were held down, being 10 per cent un-
de- the supply at the end of February
a year ago. They were IA per cent
above the January figure. During Feb
ruary 29.7 per cent CT the outstanding
receivables were collected.
Hardware sales were off IA per cent
from February. 1882, and Is per cent
compared with January, 1888 They
were off only 68 per cent during the
first two months of 1888 against the
same months last year. Stocks on
hand were slightly higher than at the
end of January. Collections during the
month were 27.1 per cent of receivables.
Wholesale drug sales were of 18 per
cent from February of last year and
the same percentage from January,
1893. They showed drop of 10 per cent
compared with the first two months OF
1882. Collections were much better
than those on dry goods and hardware.
OF receivables due at the beginning Of
the month, ASS per cent were collected,
the Richmond bank report states.
L. b. Wilson on Acacia Board.
Lloyd B. Wilson, president Of the
Chesapeake & Potomac Telephone Co.,
has been elected to the board of dicec-
tors of the Acacia Mutual Life 1nsur-
ance Co., it is announced by William
Montgomery, president of Acadia. His
election took place at the annual meet
ing of policy holders, held in the Acacia
home office building. First street and
Indiana avenue northwest.
President Montgomery submitted the
annual report Of the company, which
policy revealed that, Notwithstanding
generally adverse economic conditions
last year, Acacia made substantial
progress.
without borrowing any money or
selling any securities" Mr.. Montgomery
said, Acacia last year paid from cur
rent cash income every claim presented
on the day it was received in proper
form. In addition. customary new in
vestments were made, the company S
assets increasing $4,143,645 during the
year-almost 10 per cent"
The directors include w. L. Andrews,
Charles E. Baldwin, Harry Blake. c. G.
~Coombs, w. K. Cowden. Paul B. Cromc-
lin. j. Harry Cunningham. L. Whiting
Estes. Robert " Fleming, E. c. Graham,
James c. Hoyle, Thomas E. farrell,
Howard W. Kacy ]. Claude KEEPER,
Arthur D. Marks, John T. Meany, JOS
eph H. Milans, William Montgomery,
DR.. j. B. Nichols, Charles F. Roberts,
H. L. Rust, jr.; L. P. Steuart, Eugene
e. Thompson, E. Lee Trinkle, Lloyd B.
Wilson, Francis D. Winston and j. P.
Yort.
insurance week SidnS StdTtcu
President John P. Lynch of the Dis
tvict Underwriters Association has ap-
pointed John McElfresh general chair
man of the Insurance week program
here. in connection with National In
surance week, which begins on April II.
Mr.. McElfresh is vice president Of the
LEGAL underwriters association and
chairman of the managers section, also
member of the board of directors for
the past three years.
A year ago local insurance men made
a vigorous drive for new business. They
stirred up a lot of business. They are
planning to do the same again this year,
according to President Lynch. So far,
business this year has not been up to
the record of 1882, but the agents be-
1ieve there is plenty of new insurance
still waiting to be written. They ex-
pect to equal last years marks during
the remainder of the year.
At the April meeting six members
will be nominated for the board of di-
rectors, to be elected in May The presi-
dent for next year is also elected in
May. 1t has just been announced that
the national convention will take place
in Chicago this year Oh September
26-29.
Tcday's Trading on Exchange.
Trading on the Washington Stock
Exchange opened today with $500
Washington Gas Light SIS, 1858, chang
ing hands at IS. These bonds have
sold off good deal from the price at
which they were placed on the market
a few weeks ago.
During the session two 81 900 sales
In Anacostia G. Potomac Railroad SIS
were made at 43 while two $1,000 sales
in Washington Railway & Electric IS
came cut on the board at 81. Another
$500 sale in the same bonds was re-
corded half point higher.
In the stock division, Potomac Elec-
trio Power 5l2 per cent preferred moved
at 10534 and the per cent preferred
figured in small sale at 1861. The
unlisted bonds were called of, as is
customary on Fridays, and several
changes noted in bids. -,
Announcement has been posted on
the exchange bulletin board reporting
quarterly dividend declarations by
payment of 80 cents per share on the
common stock and the regular SITS
per share on the preferred stock. Both
these dividends are payable March 81
to stockholders of record March 81.
Other local dividends have been de-
clared in rapid succession during the
past few days. The latest to be voted
were those of the American Security &
Trust Co. and the Carpet Corporation.
West Virginia Pulp & Paper Co. de-
clared the regular quarterly dividend Of
10 cents on the common stock, payable
April l to stock of record March 81.
C. & O. Assets Are $685., 5,005.S74.
Chesapeake g. Ohio Railway in q con-
Gensed report for year ended December