Evening star. [volume] (Washington, D.C.) 1854-1972, 1936-12-21

Next came South Carolina with a 8
per cent gain. The average for the
whole United States revealed per
cent loss over the same period in
1885.
November business in North Caro-
lima was per cent under last year.
in Maryland per cent and in West
Virginia IA per cent. Nearly half the
States in the Union failed to do as
we'll as they did year ago. How
ever in November the United States
total in new insurance stood at S477,-
$4,000 and in the South Atlantic
area at $43, 1040 900.
New policies in Washington totaled
s4879,000; in Maryland, s6.719,000.
Virginia. S6,448.O00: West Virginia.
S5,667,0 900; North Carolina, S6,085 ,00G,
and South Carolina, S2,543,000. Vir-
ginia stands with the Capital in do
ing as much business as last year in
the first II months of 1886.
Among the cities, Washington out
stripped Chicago, Cleveland and New
York. but was behind Boston, Detroit,
Los Angeles, Philadelphia and St.
Louis, which stood atop the list with
a 10 per cent jump over November,
1885. All these cities are behind the
Capital in the record for the II
months under review, failing to write
as much new business as they did a
year ago.
Willis Wins Insurance Fame.
w. A. Willis, associated with the
NF,,t,t Ty,ci ~ Of
York, Thomas P. Morgan, jr., local
manager, led the entire sales force in
the United States in new paid-for
business in November Furthermore.
this is the ninth time he has been on
the companys list as a leading pro-
Queer.
Long with this company. he has
Just completed his twentieth year in
the life insurance business, devoting
his time to taxes, auditing of estates
and other estate matters. coming in
contact with many trust companies
and lawyers.
Mr.. Willis comes from prominent
Virginia family whose members have
resided in Fauquier County for six
generations. He attended Randolph
Macon and has Travelled extensively.
Further Bonuses Declared.
The Washington Office of the Dome
Oil Co. announces that the directors
have declared a Christmas bonus for
all employees of the company. ranging
from $40 to SIS each, depending on
the length of employment. At the
same meeting an extra dividend of go
cents a share was declared, payable
December %. to stock of record De-
cember 90 This was in addition to
last June.
In addition to the regular quarterly
dividend declared last week by the
directors of the Security Storage Co.,
Christmas bonus also has been voted
to all employees of the company, it
was announced today.
Dry Goods Demand Tops List.
The demand for dry goods topped
five leading wholesale lines in the
Fifth Federal Reserve District in No
vember, the Federal Reserve Bank of
Richmond announced today, being
422 per cent higher than a year ago.
Hardware sales were up Is per cent,
drugs 10.4 per cent, shoes 10 per
cent and groceries 81 per cent.
Wholesale trade in November. how
ever. was not as heavy as in Oc-
tober of this year, when a great deal
of advance Christmas buying was
recorded.
Wholesale trade in dry goods also
CT in ha fret 1
Of this year, being over 16 per cent
better than a year ago. Groceries
sales were 8.5 per cent higher, shoes,
lot per cent; hardware, 1912 per cent,
and drug sales, 81 per cent better
than in the like period in 1885.
The Richmond bank reported stocks
on hand as somewhat higher than at
stocks were 1.6 per cent lower than at
the end of October this year, dry
goods were 16 per cent lower, shoes
per cent higher and hardware about
per cent lower. November collections
were the best in wholesale groceries,
standing at 1912 per cent. dry goods
a, shoes SO. hardware At and drugs
Sc per cent of receivables due the first
Of the month.
Insurance Leader Transferred.
Loren L. Cluster, who has been
agency organizer for the last four
years in the Washington Office of the
New York Life Insurance Co., has been
transferred to the company's Philadel-
phia Office, it was reported today by
Agency Director Earl D. Krewson. He
has been very active in Capital insur-
ance circles, and is at present Secre-
tary of the District of Columbia Life
Underwriters Association. His asso-
ciates are planning to honor him with
testimonial luncheon tomorrow noon
at the Olmstead Grill, the committee
being made up of F. c. Jude, B. F.
Satterfield and H. K. Long.
A. B. A. Defines Policies.
A statement of principles Of COM
mercial banking, sponsored by the
American Bankers Association. was
made public today in an announce
ment by Tom K. Smith, president of
the association. The aim Of the state
nent, which was prepared by the
Bank Management Commission and
approved by the Executive Council OF
the association, Is declared to be to
summarize the fundamental relation
ship and responsibilities which exist
between the commercial banks and
the public.
Todays Trading ON Exchange.
Two bank stocks appeared In the
Monday trading on the Washington
Stock Exchange. Riggs National Bank
common changed hands at s32 and
American Security A Trust Co. reg.
islsred q sale NJ 7as.
Washington oas g. iees. sold ~
ioat and othsf hind ana stock
pFlesa weft hrm 18th Woodward n
taihfep samman and pFtfeFted siafks
have haen added W the sHsdltlaena
hsi in anAislgAitun ~ me usual eiyls
sssas |" 10 rs'a shm'