Evening star., 1934-01-03

time to fnance.
His advancement in the brokerage
business has been rapid until he now
holds a position of unusual Importance
His election gives the Hibbs company
five seats on the exchange, the other
holders being w. B. Hibbs, William w
Spaid, Karl w. Corby and j. Thilman
Hendrick. Years ago Mr. Hibbs was
many times president Of the exchange.
Mr. Corby is serving as secretary this
year.
New Insurance Up % Per Cent.
While final figures on 1888 new busi-
ness Of the entire company are not yet
available, the Washington agency states
that the gain will be at least 38 per
cent. The agency shows gain in its
new business over 1882 of % per cent.
John H Snyder showed the largest
volume, George T. Howard secured the
largest amount in new premiums, while
Frank D. Roach procured insurance on
the largest number of new lives for the
year. George c. Campbell led in new
volume for December.
H. Lawrence Choatc, general agent,
expects another gain in 1884 Of at least
25 per cent in new volume Of the
agency.
Extra Dividend Declared.
Waggaman, BraWner & Co. Inc. re-
port that the board Of directors of In
COrDorated Investors has declared the
regular quarterly dividend Of % cents
per share and an extra of 5 cents,
making total of 80 cents payable jan
Uary 30 to stockholders of record jan
uary f. During the last quarter of 1888
their portfolio was increased by the ad-
dition Of the following stocks: Cater
pillar Tractor. Continental Oil of Della
ware. Hercules Powder. Lake Shore
Mines. United States Industrial Alcohol,
United States Pipe &; Foundry.
Hoffman Heads Insurance Firm.
Directors Of the, Firemen's Insurance
Co. of Washington and Georgetown, or
ganizod yesterday afternoon for the
present year by re-electing all officers.
William NJ. Hoffman, president. Albert
w. Howard. vice president and secre-
tary; Edward c. Baltz. vice president
and James N. Fitzpatrick, jr., assistant
secretary
At the annual meeting of the stock
holders, RAYMOND K ESpey, assistant
secretary of the Perpetual Building As
sOciatiOn, was elected to the board of
directors. The other members included
Edward c. Baltz, Millard T. Dixon, Le
roy Gaddis jr; William NJ. Hoffman,
j. Logan Hopkins, Albert w. Howard,
Charles H Kinole John H. Snyder
Schuyler S. Symons. Albert w. Walker
and James NJ Woodward.
President Hoffman is now starting
his forty second years service with the
company. He is optimistic over 1884,
based his expectations on a substantial
business pickup during the latter part
OF 1888
Gossip in Financial District.
The Insurance Clubs monthly dinner
will be held at the Hamilton Hotel this
evening. with Dwight D. Scott of the
Mutual Benefit Life Insurance Co, New
ark. N. j., as the guest speaker.
On the Washington Stock Exchange
today Potomac Electric Power per cent
preferred stock sold a. l09. LanSton
MonCtype at As and 46 and Washington
Gas 6S. series B. at 101.
Harold P Goodbody hls been admit
ted as a general partner in Goodbody q
Co. and will be located in the New York
Stock Exchange firms New York office.
Joseph NJ. Fitzsimmons has retired as a
general partner.
The Western Maryland Railroad re-
ports II months earnings as SAP per
share, compared with S275 per share in
the like period in the previous year,
The R. T. c. is to take an interest
in the management of banks which
have sold preferred stock or capital
notes to the organization. Chairman
jones. however. denies that there will
be any dictation along this line by
r. F. G. representatives.