Evening star., 1938-01-17

Ter PRESIDENT, 8$Z &$ $#$8s$ l&s$3
T h m a S j. EE8saa E
Groom. head Of
the bankers as "' - ee''e''
sociation: Joseph R. Fitzpatrick. first
vice president of the chapter; Dean
Raymond B. Dickey of the faculty.
and John NJ. Christie, chief consul,
will all speak briefly
The attendance of about 100 will
Include prominent guests. the faculty,
chapter officers, the Board of Govern
ors. the Educational Committee. f1nan-
cial editors, Board of Consuls and
the committee chairmen.
Insurance Firm Formed Here.
OF interest to Army and Navy Off
GERS is the recent organization of
the United Services Life Insurance
Co. in Washington.
The company will be domiciled here
and will operate under the iurisdic-
ton of the Department of Insurance
of the District of Columbia 1t is
sponsored by a group of service men
and insurance men.
Officials of the company include S.
H. Emerson. president; o. r. Lever
EFT, secretary; Col. William r. Arnold,
chief Of chaplains; Col Lewis H.
Brereton. Col Albert w. Foreman,
1t. Coils. George j. Newgarden, jr;
Richard T. Arrest. H. R. MacKellar,
treasurer: Lucius K. Patterson, vice
president: Maj. Thomas G. Hanson,
jr.; Leslie T. Lathrop and Capts
Richard c. Babbitt and Bernard F.
Luebbermanrl
Todays Trading On Exchange.
Capital Traction IS we're stronger
on the Washington Stock Exchange
today. $500 and $1,000 bonds changing
hands at 68l2. up IS of point.
These bonds have advanced from IS
In a comparatively short time.
American Security g. Trust Co.
stock appeared on the board today,
small lot changing ownership at 245.
The final sale was in AnacoStia q
Potomac r. R. SIS at so, on $1,000
turnover.
Capital Transit stock was quoted
again today at bid and 10 asked, with
no sales.
Rural Trade Gains in Year.
Daily average sales of general mer-
chandise in small towns and rural
areas for December, 1897, were about
3 per cent below December, 1895,
when rural sales were the largest on
record. according to estimates of the
Department of Commerce, based on
rural chain store and mail order sales.
Total sales for the year 1887 were
about per cent above those for 1886
and 2212 per cent above 1885, but
were still 2l2 per cent below 1929.
when the index figure was 125 for
the year.
Gas Company Aids Exhibit.
The Washington Gas Light Co. has
subscribed to huge gas industry ex-
hibit planned for the New York
Worlds Fair in 1899 The exhibit will
grace plot Of $1,000 square feet in
the community interest zone and will
include a model "all gas house."
where all gas appliances will be on
exhibition.
According to preliminary estimates,
the business handled by Railway Ex-
press Agency in 1887 totaled 140,-
763,249 gain of approximately 7
per cent it was announced by l.. O.
Head, president. Up to and including
December. the agency reported a
monthly increase for 4s months in
succession since 1884 Business in
1887 IVES IS per cent greater in volume
than in 1884, when special drive was
started. This campaign will be con-
tinued during 1888 by the iompany's
$1,000 employees.
A total of $4,000, 100000 in COM
bined assets of the home-financing in
stitutions of the Federal Home Loan
Bank System was reached at the end
of 1887, Preston Delano, governor of
the system, announced recently. This
compares with S3,362 ,024,000 on De-
eember 81, last year.
Heard in Financial District.
The Washington Automobile Trade
Association will hold the January
meeting this evening at the Hay
Adams House.
The Commerce Department reports
that sales of variety stores in the
United States in 1897 were az per
cent higher than in 1886 and l1h
per cent better than 1885.
The Board of Directors of the In
vestment Bankers Association Of
America will hold the usual winter
session January 81 to %, at Absecon,
N. j.
G. F. Jacobsen, cashier of the Ma
tional Metropolitan Bank, returned
to his desk recently from an extended
cruise Of the West Indies, during
which he visited all the most in
teresting ports Of call.l