Evening star., 1942-03-05
DC. Express Volume
Reaches New Peak
During February
Two Months Record
Also Exceeds Former
Shipment Totals
By EDWARD C. STONE.

of the year, w. o. R. Hannah, SUI
perintendent of Railway EXPIRES
Agency, reported today.
Shipment during the month to-
tailed 10000, against 1927 in Feb
ruary a year ago, an increase o.
11,277, or an even per cent, ht
announced.
AS January express business II
the city was also at a new peak
the cumulative total for the frs
two months of 1912 is ahead of the
like J941 period as well as the high
est recorded in any other year.
The two months volume totalet
376,4O1 shipments through thu
Washington Office. compared with
332,94l year ago, an increase ol
43,460.
Today's report follows recent very
favorable statements on bank clear.
ings. postal revenues and depart
ment store sales.
Bank Elects Woman Official.
Washington Loan & Trust Co
directors yesterday elected Carlos B
Mirick to membership on the board
and made Mary L. Chadwick and
Henry H. Lefferts assistant trust
officers. President Harry G. Meem
announced today.
Mr.. Mirick is the son of the late
Henry D. Mirick and has been a
resident of Washington since 1896
graduated from Cornell University
as a mechanical engineer and served
in the first World War in the United
States Navy. He is now radio
engineer at the Naval Research
Laboratory at Anacostia.
Miss Chadwick's election as one of
the new trust officers, is the first
instance in the trust company's his
tory that a woman has filled an
official position, and is indicative of
a trend spreading more and more in
many lines of business. She has
been with the bank since 1927.
Mr.. Lefferts has been in employe
of the company since 1881. The new
trust officers will fill vacancies
caused by the call to active duty in
the Navy of Leonard Marbury and
Vincent A. Sheehy, jr.
Bernard L. Amiss was elected
assistant secretary, in addition to
his duties as trust officer.
Branch Banks on Increase.
Preston Delano, controller of the
currency, reported to Congress yes
terday that there was a decrease
of 35 national banks and a gain of
80 branches during the year ended
October 81. 1941. While the number
of national banks declined by three
units, deposits of banks in the ma
tional banking system showed an
increase of 81 276, 1896, 900, he said.
OF outstanding importance was
the continued improvement in the
"other real estate owned account" "
Applications for six new national
banks were rejected during the year
and A branch permits were denied,
the report said.
OF so permits to establish branches
of national banks, % took over the
business of former unit banks, four
were established at military posts
and II were established to furnish
new banking facilities.
During the year three banks were
placed in receivership, six were con-
solidated and Al placed in voluntary
liquidation. Dividends were sub
stantially increased, Mr.. Delano
states.
Insurance Gains Startling.
While the recent monthly report
from Hartford showed sales of life
insurance up 80 per cent in Wash
ington in January, 80 per cent in
Virginia and 78 per cent in Mary
land, further comparisons reveal
many more startling advances in
several other States.
Sales in Alabama were ia per
cent above January, l941; in Kan
sas and Massachusetts, 103 per cent,
in Nebraska 105 per cent, New Jer-
sey 1913, New York 103, Oklahoma
and Rhode Island 104, South Caro-
lima 1872, Utah los, Washington State
1O9 and Wisconsin 113 per cent.
Insurance men say no such gains
have ever been reported in any
month on record. The list of States
in which the advances are almost
100 per cent ahead of last year is
too long to mention. Hardly any
had less than so per cent upturns.
Members of the District of Co.
lumhia Life Underwriters Associa-
ton, in explaining the great for
ward stride. give practically all the
credit to the war, people everywhere
suddenly looking for life insurance
protection. Policies written in the
District totaled s8,635 900, against
$4.914,000 in January. 1941.
Insurance Reports Note Gains.
The New York Life Insurance Co
In 1941 had the largest gain in in
surance in force in any year since
1880, George L. Harrison, president
stated in the company's 9th an
nual report. Insurance in force
amounted to $7,013,883, ,403 unde
3,O05,676 policies on December 81
194l. The increase over the previ
Gus year was S118700,654. New lift
insurance in the year 1941 amount
ed to S446,614,300, an increase o
S20,644,0O0 over 1910.
Raymond A. Du -Four, genera
agent of the Pacific Mutual Lift
Insurance Co., reported today tina
insurance in force gained S8,226, ,00'
to S596, 6,126,117 in 1941. while insur
ance sold was S42,638,739, an in
crease of 1873 per cent over 194O
The company supported the Ma
tions war program by very heav
purchase during the year of Govern
ment bonds
Today's Market Very Active.
Garfnckel common opened one
the busiest sessions in weeks on tn
Washington Stock Exchange with
5O-share sale at 9, unchanged.
Two hundred shares of Columbi
Title Insurance sold at Is and
small lot OF Washington Gas pre-
ferred moved at 90, off from 101.
Ten shares of American Securit
e. Trust registered 200 and Nationa
Capital Bank stock appeared on tn
board at 176 Potomac Power 6 pc
cent preferred sold at ia for singl
share.
In the bond department Capita
Traction IS sold in $500 and $500