Evening star., 1934-11-21
SHARP GAINS HERE
|NNEW INSURANCE
Jump of 30 Per Cent Scored
in October Over Like
1888 Period.
BY EDWARD C. STONE.

1888, according to the monthly re-
port received by The Star this noon
from Hartford Washington led all
the States in the Union with the
single exception Of Idaho, which re-
ported a IA per cent upturn. This
city's 80 per cent gain compared with
an average increase for the whole
country of 8 per cent.
In other sections of the fifth re-
serve district North Carolina reported
an advance of % per cent over Oc-
tober year ago, Virginia insurance
business was up % per cent, while
Maryland noted 13 per cent improve
ment. Next came West Virginia with
an per cent pickup. New business
in South Carolina was off 10 per cent.
New business in the Capital during
the first 10 months of the present
year was II per cent better than in
the same period last year, the Sales
Research Bureau reports. Virginia
holds the same record West Virginia
leads this territory with a 90 per cent
gain while Maryland business was up
% per cent in the 10 months
District of Columbia agents wrote
$4394, 900 in new policies in October.
Maryland business totaled S7.3O8 900.
Virginia. S6,068000; West Virginia.
S3,8l4,000; North Carolina, S7,l56,OOO,
and South Carolina, S2,434.OOO. Oc-
tober sales for the whole United
States amounted to S494. 1872 900
bringing the national average for new
business so far this year IL per cent
above last years mark The ANALYSIS
further Shnuc hot
the country made some kind of a
.aln over the same period last year.
Safe Deposit Section Meets.
The regular meeting of the safe
deposit section of the District of CO.
lumbla Bankers Association will be
held in the board room of the Amer
lean Security & Trust Co. tomorrow,
at pm. Richard E. Harris. chair
man of the section, will preside and
lead the discussion on questions of
particular interest to vault custodians,
The following committees recently ap-
pointed by Mr.. Harris will report on
their activities:
Standardized safe deposit practices
w. Clarence Miller, chairman, Ma
tional Bank of Washington; Mrs.
Doris N De Lozier, Second National
James E. WoltZ, National Metropoli-
tan; Miss Marion E. Hartley, Hamil-
ton National, and John NJ Boteler.
National Savings e. Trust Co.
Standardized safe deposit forms
Hans w. Ireland, chairman, American
Security g. Trust Co.; Mrs. Helen R.
Sharpe, Bank of Commerce & Saw
ings; James B. Skinner, Liberty Ma
tional; Samuel R. Baulsir, Security
Ashton, Munsey Trust Co.
Education and publicity-Miss Mary
j. Pearce, chairman, Columbia Ma
tional Bank; Ralph E. Norton, City
Bank; James NJ. Mason, Washington
Loan g. Trust Co., and Nelson Stokes,
Lincoln National Bank.
Hanna Reserve Bank Director.
John H Hanna. president of the
Capital Transit Co, has been re-
serve Bank of Richmond to succeed
himself. Other directors were elected
at the same time. William w. Hoxton.
chairman of the board. has sent an
announcement to the member banks
in the fifth Reserve district, which
says:
james c. Braswell, president of the
Planters National Bank & Trust Co..
Rocky Mount. N. c., has been elected
by banks in group as a class A di-
rector to succeed himself.
John H. Hanna. president of the
Capital Transit Co. and the Capital
Traction Co. of Washington, D. c., was
elected by banks in group 3 as a
class B director to succeed himself.
Each was chosen for term of three
years from January l, 1885.
Edwin Malloy. president and treas
urer of the CheraW Cotton Mills. Inc,
Cheraw, S. c.. was elected by banks
in group as a class B director to fill
the unexpired term of D. R. Coker,
resigned"
Today's Trading on Exchange.
Business was fairly active on the
Washington Stock Exchange again
today with the first sales in Capital
Transit Co. stock. twenty-five shares
changed hands at 26lt, and 25 more
at Is fiat. The stock closed with 26
bid and q asked
Potomac Electric Power 512 per
cent preferred moved at 111as. Mer-
genthaler figured in one-share sale
at 26l2. unchanged from yesterdays
close. Final bid, 26as against 27l2
asked
Washington Railway & Electric
preferred was active today. 1t opened
with three 10-Share lots changing
ownership at 10012, followed by four
10-share lots and one 5 moving at
1005s. The market also recorded a
sale of shares of National Bank of
Washington stock at 100.
w. L. Beale on Bank Board.
William L. Beale, vice president and
real estate officer of the American
Security & Trust Co.. was elected a
director at meeting of the board of
directors held late yesterday
Mr.. Beale has been with the trust
company since September IS, 1929,
when he joined the staff as real estate
officer. For several years he was in
the District of Columbia assessor s
office.
He has been very active in the work
of the Washington Real Estate Board
and recently represented the District
of Columbia at a conference on tax
alton held in Boston.
Heard in Financial District.
Establishment of a central clear
ing house for the dispensation of
building and loan information to be
located at the National Press Build
ing. was announced at the monthly
meeting of the Columbia Building &
Loan League. With a central Office to
serve for the gathering of statistics it
is felt that the activities of the league
can be more effectively co-ordinated
and its service to members and the
public greatly increased.
Chesapeake & Ohio Railway Co.
has declared the regular quarterly
dividend of 10 cents on the common
stock, payable January l to stock of
record December 7.
Chesapeake Corp. has declared the
regular quarterly dividend of SO cents,
payable January to stock of record