Evening star., 1942-10-20

following monthly comparison with
the like periods a year ago:
1912. 1941.
January ----$8 ,635 900 s4,914,OO(
FEBRUARY ------ 5,856,OO0 5,222 ,OO(
March ----- 4,722,00 6,533,OO(
April --------- 4,513OOO 6,O12,O0(
May -------- 4,548,000 5,967,0O
June ---------- 4,336,000 5,967 ,O0(
July ------- 4407,0O0 5,O23 ,OO(
August ------ 4,267 900 5,573,O0(
september ------ 3,984,000 5,247 ,O0(
Life insurance sales in Maryland
In September amounted to $7,452,.
600, of Is per cent from 1941 Sales
In the nine months totaled $80,S11,-
600, this being an increase of 2 pei
cent over the same period a yeal
ago.
Virginia sales in September to-
tailed S7,009,000, down 26 per cent
while sales in the nine months
reached ST., 1853, 900, off 10 per cent
The national average was off rs pei
cent in September and per cent
in the nine months.
Perpetual Is 81 Years Old.
The Perpetual Building Associa
ton, largest institution of it's kind
in America, will celebrate it's 61st
anniversary today. In ten years
Perpetual rose from ninth place
among the nations leaders to ar
undlsputed first, as today nearly
S20,000,000 separates it from the
second association in point of size
According to the 51st annual report
released just 10 years ago, tota
resources amounted to $3O,6OO 00(
while today assets are in excess OF
$56,OOo000.
In commenting on the achieve.
rnents of the Perpetual in nearly
doubling its figures in 10 years
Edward c. Baltz, secretary. referred
to the institutions founding, ano
contrasted its present resources tc
the tiny beginning when the first
years operation totaled only S27 7,S43
This was in 1872 and no material
gains were recorded until the middle
20s.
The executive officers of Perpetual
include Arthur G. Bishop, chairman
of the board; Marvin A. Custls
president; Vernon G.. Owen, vice
president; Mr.. Baltz, secretary;
Franklin w. Harper, treasurer;
William H. Dyer, assitant secretary;
w. S. Martindill. assistant treasurer
and William H. Rippard, auditor.
Directors are Thornton w. Owen
William G. Schafhirt, Samuel Scri-
venner, John c. Scofeld, and
Messrs Bishop, Custis, Vernon
Owen, Baltz, and Harper.
Currency Controls frightened.
The Treasury Department has an
nounced that, persons entering the
United States from any place other
than Mexico, Great Britain, Ber-
muda, Canada and Newfoundland
will be required after Oct. 81 to turn
over to customs authorities all the
currency in their possession in ex-
cess of $50.
This ruling supersedes the pre-
vious requirement that all currency
In excess of $3.50 be turned over to
the customs authorities.
Treasury officials pointed out that
the new ruling constitutes tighten.
ing of the controls aimed at pre-
venting the disposition in this
country of currency looted by the
Axis, the notice says.
Groom Off to Army School.
Thomas j. Groom, president o.
the Bank of Commerce d Savings
will leave Washington Thursday To-
Fort Leavenworth, Kans., to attent
the Army's orientation school, tn
purpose of the courses being tt
familiarize civilians with the wa
effort from every angle. They viii
be given 146 hours training in tou
weeks. Only 83 business and pro
fessional men from the whole coun
try are to attend the school, ii being
from Washington.
Auditors See Large Turnout.
Chairman D. D. Whitecraft of thu
Auditors Section OF the Dlstrlc
Bankers Association, today predictet
an unusually large attendance at tn
opening meeting Thursday evening
at the Lee-Sheraton Hotel, NOR
reservations than usual having beef
received. This is the first meeting
sof the year, the program to be de
voted wholly to business and ac
counting problems brought on by tn
war. It is dinner meeting.
Pepco Bond Listing Asked.
The potomac Electric Power &C
r.; applied to the Washington Stocl
Exchange to list the new $5,OOO,OO
issue of first mortgage 3A per cen
bonds, Similar action has been ia
Eken for listing the bonds on the Ney
York Exchange.
These bonds pay the same rat
as the Sl5,000,000 Potomac Powe
issue put out in 1886, the latte
bonds now selling around l08 OF
the washington Exchange. The ne7
bonds were distributed largely t
out-of-town investors. They will b
listed on the Washington Exchang
probably on November TO-
Riggs National Common Up.
Riggs National sank common sol
on the washington Exchange toda
at $50 on a six-share turnover.
gain of 8 full points since the las
previous sale.
National Mortgage g. Investmen
preferred was active today, open
ING with q sale of 100 shares a
4a. against the last previous sal
at AZ. Later 430 and 10 share lot
sold at Az. The final bid for tn
stock was An, with none offered a
any price.