Evening star., 1933-12-17
Total of 38,249 Passes Is
Substantially Higher Than
Week Ago.
DIVIDEND is DECLARED
BY PRUDENTIAL BOARD
President Steward Expresses Salts
faction With Progress of
Building Association.
BY EDWARD C. STONE.

While no financial statement cover
ing the business results of operations Of
the new Capital Transit Co. for the
first half OF December are yet available,
passenger traffic on the local street car
lines appears to have been very heavy.
At the height Of the Christmas shop
ping season the cars are crowded daily
to capacity on almost every trip.
The number of passes sold on the
company'S lines during the second week
Of consolidated operations was learned
yesterday at company headquarters. 1t
showed substantial gain over the first
week
For the week beginning December 10
the number of ST passes. as they are
called, totaled 35,139. while the number
of SIPS passes, which include riding on
busSes, totaled 3,l10, making total for
the week just ended of 38,249.
For the previous week, which was the
first week the tickets were sold under
the street car merger plan, the number
of 81 passes sold totaled 25,117 and
the number of SIPS tickets totaled
3,49l, making a total for the week of
28,608 passes. This means a gain dur
ing the second week of nearly 10000
passes.
Prudential Votes Dividend.
The annual per cent dividend Of
the Prudential Building Association was
declared yesterday at the monthly
board meeting of the directors to stock
holders of record as of December 5.
The annual stockholders meeting will
be held January 9.
Satisfaction at the progress of the
association, which was organized in
July, 1929, was expressed by President
Luther C. Steward. Despite the de-
preston during the past year and the
Is per cent pay cut among Federal
workers, the association has shown
steady growth both in new members
and in increasing deposits" President
Steward declared.
During the four and half years
the company has been in business it
has been necessary to foreclose on but
one piece of property upon which the
company has made loans" the presi-
dents report said.
Officers Of the association are Luther
c. Steward, president; Curtis Walker,
vice president; E. ]. Carlson, secretary
treasurer; H. A. Flagg, assistant secre-
tary-treasurer, and Harvey L. Cobb,
attorney. Members of the board COM
prise the foregoing in addition to John
E. Hampton, Thomas D. Lewis and
Fred A. Hessick.
Life Insurance Gains Pleasing.
Life insurance leaders were much
pleased with the report yesterday on
new production all over the country
during November, which totaled S681,-
094 900, as compared with S671 ,242, 600
in the like month last year. or gain
of is per cent, according to the ASso-
citation of Life Insurance Presidents.
November was the second month of the
year in which a gain was recorded.
New ordinary insurance during No
vember of S436, ,723.000 represented a
decline of 3 per cent from the S45O, ,O98,-
900 reported in November. 1892. New
industrial insurance increased 81 per
cent to S202, ,843, 900 from S184 1882, 900
in November last year, while new group
insurance totaled Sal, ,483,0 against
S36. .262, 900, an increase of l4.4 per cent.
For the first IL months this year
total new business of these companies
aggregated S7,O97 900 as compared
with S8354 978, 900 in like 1882 period,
a decrease of ISL per cent. New ordi-
nary insurance was off 147 per cent,
new industrial insurance 84 per cent,
and new group insurance down As per
cent.
Production figures for Washington in
November will be reported from Hart
ford, Conn, in few days.
A. &P. Sales Off 1.2 Per Cent.
Great Atlantic & Pacific Tea Co. esti-
mates sales for the five weeks ended
December 2, 1888, at 1880 ,688, com
pairing with S78,623,741 for like period
of 1882, a decrease of $993,053, or IL
per cent. Tonnage sales for the five
weeks period are estimated at 460,525
against 494,043 in 1882 period, de-
crease of 33,518 tons, or 6.7 per cent.
Average weekly sales for the five
weeks period ended December 2, are
estimated at 1926, 1873, comparing with
SI5,724,748 in the 1882 period, de-
crease of $198,6 Average weekly ton
mage sales were 92,105 compared with
p8,808 in similar period Of previous
years, a decrease of 6,703 tons
Estimated sales for the 40 weeks
ended December 2, 1888, without con-
kideration of change in number OF stores
during the year, totaled $6l8,662, ,9Ol, as
compared with s672 1852, 696 for like
period of preceding year, a decrease OF
553,489,795, or 79 per cent.
Institute Chairman Appointed.
Miss Rose L. Royce of the Washing
ton Loan & Trust Co. has been ap-
pointed chairman of the Archives Com
fnittee of Washington Chapter, Amer
ican Institute Of Banking, according to
announcement yesterday of Robert H.
Lacey, chapter president.
This committee has the function of
compiling, classifying and perpetuating
records and data pertaining to the in
stitute, which, in addition to their his
toricaI value, are extremely helpful to
the various chapter committees and ad-
miniStrative officers.
The new chairman, Miss Royce, is
graduate of the American Institute OF
Banking and member of the chapters
board of governors. The other mem
bers of the committee are Bernadine
HUNT, American Security & Trust Co.,
and c. Fred Schreiner, First National
Bank, Alexandria, Va.