Evening star., 1934-06-08

general agent of the Berkshire Lie
Insurance Co., second vice president;
Thomas R. Crowley, general agent,
Penn Mutual Life Insurance Co., sec
retary; and Joseph A. Marr, also gen.
eral agent, Penn Mutual, treasurer.
Three new directors of the aSsocia-
ton also took office today, Dwight T.
Scott. agent, Mutual Benefit Life In
surance Co.: Mr.. McCombs, the second
vice president; and Laurence H. Rug
giles, assistant manager OF the WASH
ington office of the Phoenix Mutual.
Special tribute was paid to John
Dolph by his associates in connection
with the completion of so years in
the life insurance business this year.
Law Cheerful Over Outlook.
President Francis M. Law of the
American Bankers Association has
been in Washington for a brief visit
and a call on President Roosevelt.
In discussing business conditions,
Mr.. Law stated that outside of the
drought areas sentiment is improving
and the outlook cheerful and hopeful.
President Law, in discussing the
general legislative program with Presi-
dent Roosevelt said that the American
Bankers Association favors the hous-
ing bill and feels that it will prove
useful
Mr.. Law, accompanied by R. S.
Hecht and Robert V. Fleming, vice
presidents of the American Bankers
Association, reported to the President
that they had been in touch with
many State bankers associations and
urged them to familiariZe themselves
with the provisions of the bill so they
will be able to operate intelligently
under it when the law becomes effec-
tive.
They expressed many of the views
about the bill which Mr. Fleming pre-
sented at the recent convention of the
District Bankers Association at White
Sulphur Springs, w. Va.
Will Greet A. 1. B. Guests.
In connection with the coming ma
tional convention of the American In
stitute of Banking it was announced
today by Harold w Burnside, assistant
cashier, Riggs National Bank, chair
man of the Reception Committee, that
the % members of that committee,
composed of both senior and junior
bankers, would assemble at the Union
Station at 6:45 am, on June II, to
meet the first of four special trains
which will bring delegates from
Miami, Jacksonville. Tampa, Atlanta
and other Southern points. The
members of the Reception Committee
will wear distinctive dress of formal
sport clothes with badge and ribbon
especially designed for that group
AS announced in the society section
of today's Star, the breakfast in
charge of the Womens Committee of
the A. I. B. will be one of the out
standing social gatherings of the
whole convention. Many noted women
already have signified their intention
of being present. Miss Stella AIKEN,
assistant to the Attorney General OF
the United States. will be the guest OF
honor and chief speaker.
Peoples Drug Earnings Up.
Sales of Peoples Drug Stores. Inc,
for May, just reported at the head
Office in this city, totaled 81 1,336,o55
in comparison with Sl,242, 500 in the
like period last year. an increase OF
S93,455 or rs per cent.
For the first five months of this
year Peoples Drug sales amounted to
S6,683 O74 against s6.259,2 ,2O2 in the
first four months of 1888, an increase
of S423,872, or 81 per cent.
Both these reports are considered
satisfactory and encouraging. Sales
in the previous month Of April re-
vealed an increase of So per cent as
compared with April, 1888.
Sales of the G. C. Murphy Co..
chain store for May totaled S2,367,-
400 compared with $1,661 ,437, an in
crease of S706,062, or AZ per cent,
against gain of 26 per cent in April.
The companys sales for the first
months Of 1884 we're al per cent
better than in the like 1888 period.
Railroad Earnings Jump.
Glass l railroads in the Southern
district for the first four months Of
1884 had a net railway operating in
come of S25.127,804 which was at
the annual rate of return of 222 per
cent on their property investment.
For the same period in 1888, their
net railway operating income amount
ed to S13,806,855 which was at the
annual rate of return OF 1.20 per cent
on their property investment.
Gross operating revenues OF the
class l railroads in the Southern dis
trict for the first four months in 1884
amounted to $l44,637,127, an in
crease of 17.8 per cent above the
same period in 1893, while operating
expenses totaled S104,557,708 an in
crease of 1l.2 per cent.
Glass l railroads in the Southern
district for the month of April had
a net railway operating income OF
S5422,755 compared with S4,465, ,694
in April, 1888.
Heard in Financial District.
All officers and directors of the
Oriental Building Association, No. 6,
were reelected at the annual meeting
held yesterday. They include Charles
H. Bauman, president; Henry E. Deck
man, secretary; Charles w. Schafer
treasurer; directors, Charles Schafer,
G. H. Schulze, william F. OchSen-
reiter, Carl Haneke, Chaplin B. Bau-
man, August G. Hermann. John j.
.Kolb Thomas B. Young, Benjamin H.
Parker.
Eugene E. Thompson of this city,
president of the Associated Stock Ex-
changes, will attend a meeting Monday
and Tuesday in Pittsburgh, called to
discuss uniform application OF the
provisions of the new stock exchange
BE- control bill to the local exchanges
There are about Is exchanges in the
association.
Id ty, NVoy fol T,-or
ton stock on the Washington Stock
Exchange were made today at 24B
In the bond division Washington
Railway Electric As came out at 94a
and $1,000 Washington Gas Light IS
changed hands at 96A.