Evening star., 1933-08-18
BANKERS TO HEAR
CAPITAL OFFICIALS
Eugene Black Among Speak.
ers for A. B. A. Session at
Chicago September At.
BY HAROLD B. ROGERS.

Several administration officials from
Washington will address the annual
convention of the American Bankers
Association to be he'd at Chicago Sep
tember to 7, it was announced by
Francis H Sisson, president OF the
association, in making public the
program.
Eugene Black. governor of the Fed
erai Reserve Board. will address the
opening general session from the sub
ject, Forward
Controller of the Currency ]. F.
T. O'Connor will address the closing
regular general session Thursday and
will be followed by A. A. Berle, jr,
special adviser of the Reconstruction
Finance Corporation. who will speak
on Some Essentials of Sound Bank
ing System
Gov. Aim M Landon of Kansas
will be heard on Wednesday from the
subject, The Necessity Of a Sound
State Banking System Outside of the
Guaranty Act" Joseph v Mckee,
president of the Title Guarantee 81
Trust Co., New York, former acting
mayor of New York City, will de-
liver an address before the trust divi-
sion Monday on The Real Estate
Mortgage Problem"
Several Washington bankers plan to
attend the conference.
Safeway Sales Improve
The recent uptrend in sales of Safe
way Stores, which include the Sanitary
and Piggly-Wiggly chains here, is seen
by the Standard Statistics Co. as the
basis for belief that net earnings in
the final half of this year will not
only better materially the results of a
year ago. but will exceed those of the
initial half of 1888
Indeed. profit equal to SIS a COM
mon share appears reasonable to ex-
pect for the year as a whole accord
ing to Standard Statistics, against $4.22
for 1882.
During the six months ended June
80 last shrinkage of about 10 per
cent in dollar sales was accompanied
by drop of only 19 per cent in net
income. A better indicator of results,
however, is provided by the fact that
net profit in the first half of 1888
equaled 2.60 per cent of dollar volume.
compared with only 1877 per cent in
the final half of 1882
Betterment was largely concentrated
in the second quarter when both sales
and food prices turned upward Gross
revenues for the four weeks ended July
Is last were 26 per cent ahead of
generally favorable trend will con-
tlnue for the balance of the year In
creased costs which may be involved
under the National Recovery Admin
1Stration program are not expected to
be excessively large. Maintenance of
the current So annual dividend rate
appears assured, according to Stand
ard Statistics.
Insurance Chief HonOred
Stanley H Gettis, manager for the
District of Columbia and the northern
part of Virginia for the Fidelity Mutual
Life Insurance Co. of Philadelphia has
won the presidency of the Fidelity
Leaders Club for 1888 by paying for
the largest amount of cash premiums.
For number of years he won the
honor of vice president of the Leaders
Club, taking this honor first in 1923.
GettiS received from President Wal
ter LIE Mar Talbot of the company
telegram of congratulation, declaring
Gettis had elected himself by his
achievement" He also received a mes
sage of commentator from Frank H
Sykes. vice president of the company. I.
GettiS has been with the Fidelity
Mutual Life Insurance Co. since 1919,
spending his first two years as agent
at Richmond, and was transferred to
Washington in 1921 as district man
ager and has within the last two years
been appointed manager for the Dis
trict of Columbia and the northern part
of Virginia. He has attended every
Fidelity convention since the first one
in 1920 at Atlantic City and has held
various Offices in the Leaders Club of
the company and has always qualified
for each convention in Glass "A" This
is the first time. however that he has
won the highest honor Of being presi-
dent of the Leaders Club by paying for
the largest amount of cash premiums,
although he has for a number of years
won the vice presidency of the Leaders
Club
The Fidelity Mutual Life Insurance
Co. is holding its convention in Chicago
at the EdgeWater Beach Hotel, in
September, and he is to address the
Fidelity convention there as president
of the Leaders Club
Personal Mention.
Irwin zirpel secretary of the Union
Trust Co., has returned from a vaca-
ton motor trip through Virginia.
George E. Hamilton, Sr, vice presi-
dent, attorney and trust officer of the
Union Trust Co., has gone on vacation.