Evening star., 1937-10-07

optlmlsm, comparing as follows with
the like months year ago:
1887. 1886.
January --------S577,503 $612,593
FEBRUARY ------- 58l,899 578005
March ---------- 685,946 COL OFT
April ----------- 615,897 634,837
May ----------- 588,407 572,633
June NEUTRALITY-SUSPICIOUS. 564,646. 583,522
July ----------- 536,818 525,26O
August --------- 5l7,13S 523,89O
September ------ 565,724 547,340
October, November and December
are always among the heaviest
months of the year for postal re-
ceipts. Predictions are already being
made that the 1887 total will be sub
stantially above the 1886 mark.
Bank Deposits Above June.
Bank deposits in Washington's %
banks are higher now than at the
time of the Controller of the Cur
vency's last call, dated June 80, 1887.
This was indicated today as the
result Of an unofficial survey of the
deposit situation, made timely by the
probability of bank call being issued
IN a few days asking for the condi-
ton of all the banks in washington
and all the national banks in the
United States
The Controller usually issues four
calls year. The second call always
comes on June 30 at the end of the
Governments fiscal year. The third
call arrives at about this time in the
Fall, bankers here looking for such
call sometime this month.
Bank officials do not expect any
striking increase in deposits since
June but several expressed the belief
today that they will be well above
the Summer total.
Wilson Started at SI44 Year.
Walter S. Clifford, president of the
American Telephone & Telegraph
Co., began work with the Bell System
in 1904 as pay roll department
clerk at salary of $500 year. Lloyd
B. Wilson, president of the Chesa-
peake & Potomac Telephone Com
panleS, started in the business in
1899 as a night operator, his first pay
oeing Sl44 year, according to the
Iransmitter which gives the starting
job and salaries of a host OF other
officials now heading important COM
panies. All the present officials
started at the very bottom of the
ladder and got modest pay. They
began as clerks, wirenen, statesmen,
stenographers and service inspectors.
Directors Declare Dividend.
Directors of the Washington Loan
& Trust Co. declared the quarterly
dividend of So per share at the month
" meeting yesterday, President Harry
G. Meem announced today. The divi-
dend is payable November l to stock
holders of record October %. Presi-
dent Meem stated that this was the
fourth dividend of 50 a share declared
this year, in addition to the transfer
Of 100000 from undivided profits to
:urplus, making the latter item s2.OOO.-
300, or double the amount of the capi.
tai stock.
Insurance Club Opens Year.
The Life Insurance Club of Wash
ington held its first monthly meeting
OF the Winter season Tuesday evening
at the Parrot Tea Room, with Graham
E. Wilson, president, presiding.
A large attendance, representative
OF most of the larger insurance
agencies in Washington, expressed en-
thusiasm over the plans of the club
for the 1878 season. It is the func-
ton OF the club to assist its members,
composed of agents only, in every pos
sible manner in their contacts with
the insuring public.
Several new members were admitted
and speakers and round table discus
nons planned for future meetings.
Bankers to Join Boat Cruise.
s. William Miller. treasurer of the
Union Trust Co.; G.. Elmer Flather,
assistant treasurer; Willard G. Nc
GraW, assistant trust officer, and H.
Norman GlaSco, assistant auditor.
Will leave here tomorrow afternoon
Tor Baltimore and board the steamer
on which IS Virginia bankers will
60 to the American Bankers Asso-
citation convention in Boston. The
Virginia bankers will board the ship
1T Norfolk
Robert V. Fleming, president of
the Riggs National Bank, leaves here
tonight for the A. B. A. convention.
AZ former president of the national
organization, he has already been
Asked to attend many important con-
ferences and will naturally render
much assistance in shaping the as
sociation's policies for the coming
year.
Peoples Drug Earnings Climb.
Net sales of Peoples Drug Stores,
Inc, in September totaled S1,174,769,
in comparison with ST 1.683,977 in Sep
temoer year ago, an increase of
$907,792, or 54 per cent, it was an
nounced here today. For the first
nine months of this year sales
amounted to $16,319,978, against s15.-
0l4,949 year ago, an increase of
$l.305,029, or 81 per cent. The
September gain was much better than
August, when the rise was only l.9
per cent above August, 1896.
Today's Trading on Exchange.
In light trading on the Washington
Stock Exchange today, Washington
Railway & Electric preferred registered
. sale at 109ls, while 81 900 transac-
ton in City g. Suburban IS was
recorded at 81. Other bid and asked
prices were little changed.
Red Cross workers, now stationed
In the lobbies of Washington banks,
report a generous response to the an
nual membership drive. They are
getting many new memberships.
Cyril M. Murphy has been named
manager of the New York office of
Mackubin, Legg g. Co. of Baltimore
and Washington, it was announced
here today.
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