Evening star., 1938-02-01

National Metropolitan Bark They
have been on the committee prevl-
ously. and were chosen for two-year
terms
Floyd E. Davis, head of the Lincoln
National Bank. and Robert Y. Flem-
ing, president of Riggs National. have
another year to serve on the same COM
mittee.
George H. Bright, assistant cashier
Of the National Metropolitan Bank.
was again appointed manager Of the
clearing house, and Silas E. Moore,
also connected with the Metropolitan,
was reappointed assistant manager.
Mutual Life's Assets Higher.
Thomas P. Morgan. jr, manager of
the Washington Office of the Mutual
Life Insurance Co. of New York. an
nounced today that the company had
assets on December 81. 1887, of Sl.349,-
057,256, an increase of S40.77S.437 over
1896.
New insurance for the year amount
ed to 1863, ,l54 ,537. bringing the Mutual
Life's total insurance in force at the
close of 1887 to s3,758,762.033.
The company paid policyholders and
their beneficiaries. in 1887, a total Of
S134,2l2,373 and the trustees have set
aside s22.781,795 to be paid in divi-
dends in 1898, after establishing fund
for depreciation of securities and gen.
eral contingencies at S44,270,997.
The Mutual Life today completes its
first 95 years. having issued its first
policy on February /. ls43, to Thomas
N. Ayres of New York.
10000 Firms Back Printer.
George F.. McKiernan, president Of
the Chicago Graphic Arts Federation
and general manager of George F. Nc
Kiernan e. Co., Chicago, will represent
10000 small printing esta blishments at
the conference of executives of smaller
business of the Nation here tomorrow.
For the first time official recognition
has been given to the fact that print
Ing is the fifth largest industry in
the United States.
Printing sales constitute a previously
unrecognized barometer of general
business conditions.
Agency Reports Record Year.
Increasing s39,17s.85s during 1887,
life insurance in force in the Con-
necticut Mutural Life Insurance Co.
now stands at the highest point in
its history, S979,l41,0 ,068. states John
L. McElfresh, general agent for Wash
ington. New paid-for life insurance
sales during 1887 amounted to $685.
659.0l8, an increase of 79 per cent
over the previous year.
The company's annual statement
shows that the admitted assets are
also at new high, totaling s312,233.-
1893, an increase of $4,000 ,299 over
the previous year.
Premium income increased during
the year from S37,717,376 to s4O.239,-
1853, and total income from SIS 5,626. 1854
to S58,618.880. Total payments to
policyholders and beneflciaries during
1887 amounted to s25.737, ,633, S4.417,-
624 of which was in dividends.
Heard in Financial District.
Average daily sales of chain drug
stores in December were per cent
lower than December, 1886, and were
up 20 per cent from November, 1927,
Department of Commerce reported.
The Department of Commerce re-
ports that the cost value of whole
sale stocks on hand at the end of
December was about 6 per cent higher
than at the end of 1886, although
about per cent below November,
1887.
Baltimore bank clearings for the
month of January totaled s270, 1924. TAB,
as compared with $305 5.452.84s in
January, 1887.
Thomas B. McAdams, president of
the Union Trust Co., Baltimore, will
be the guest speaker at q banquet
meeting this month Of Shenandoah
Valley Clearing House Association, at
Winchester, Va.
Today's Trading on Exchange.
Washington Gas Light preferred
stock sold at 981a ex-dividend on the
washington Stock Exchange today on
Two 10-share transfers.
American Security & Trust Co.
stock again appeared on the board,
10 shares moving at $50. same as the
last previous sale and the high mark
tor the year. -
Capital Traction IS are showing
more strength, with 50 now bid and rs
asked. Other quotations were prac-
6cally unclaimed. r..--