Evening star., 1943-06-02

February - 1912 101 ST 87l ,313.47
March ---- 1854 OO151 917,03O8O
April 1850 1,O81 94616 903 ,534 81
May ------ 1,1O09l705 916,32825
The gains in postal receipts are in
line with the summary of bank
clearings which showed an increase
of about s3,O00OO0 in May and an
upswing of S10,216.5l3 in the five
months, over the l943 figures.
Officers Laud Bank Service.
Army officers are loud in their
praise of the service being rendered
at Army posts by both national and
State banks in 100 Offices already
established, Treasury officials said
today.
Four "hranches" are now being
operated in Maryland, one at the
Aberdeen Proving Ground. by the
First National Bank of Aberdeen;
another at Edgewood Arsenal, by the
Commercial & Savings Bank, Bel
Air, and the third a Fort George G.
Meade by the Equitable Trust Co.,
Baltimore.
Five of these bank Offices are being
carried on in Virginia. The Airing
ton Trust Co. has an Office at Ar
lington Hall Station. One at Fort
Belvoir is in charge of the Citizens
National Bank of Alexandria: the
same bank operating an Office at
Gravelly Point.
The Citizens Bank of Petersburg
has an Office at Camp Lee: the First
e. Merchants National of Richmond
carries on the office in the Pentagon
Building. and the State-Planters
Bank q Trust Co. Richmond is in
charge of an Office at Camp Pickett
In Washington the McLachlen
Banking Corp. has an Office for use
of the Quartermaster Corps and the
National Savings & Trust Co. is
about to open one at Boiling Field
All the Offices are sWamped with
business on paydays and have plenty
TO do at other times. bank officials
state
Insurance Officers Named.
Thomas r. Crowley. general agent
of the Penn Mutual Washington
Office, was elected president of the
managers section of the District
Life Underwriters Association at a
luncheon meeting at the Willard
Hotel yesterday, succeeding George
A Hates, who held this Office and
was also president of the parent as
sociation during the year.
Clarence Carr, manager of the
Bankers Life office, was elected sec
retary-treasurer to succeed Joseph
A. Barbeau of the Acacia. Both new
officers are chartered life under
writer's
The section is made up of man.
ayers only, the only group which is
independent of the main association.
Retail Trade Up IS Per Cent.
The, Federal Reserve Board re-
ports that Oklahoma City led all the
largest cities in the country in retail
trade gains in the first four months
of 1943 with an upturn of SIS per
centn over the like 1912 period.
There were many other surpris-
ing percentage gains. Department
stores sales in Jacksonville were up
48 per cent: Atlanta, 33: Macon, 43;
Greenville. S. c., Al: Nashville. 35;
Little Rock, 40: Dallas, AZ: Fort
Worth, As: San Antonio. 48; Tucson,
49, and Walla Walla, 48 per cent.
A host of other cities reported
sales more than 80 per cent better
than year ago. Sales in this dis
trict made an excellent average
Trade in Washington, however, was
only 6 per cent ahead of the same
months last year, partly because Of
exceptionally good business last year
in comparison with the previous
year.
Candidate for ABA Office.
w. Randolph Burgess. vice chair
man of the board of the National
City Bank and a personal friend of
many Washington bankers, has be-
come a candidate for the Office of
vice president of the American
Bankers Association. The election
comes on September Is.
The position is more important
this year than usual, as it Is pro-
posed to have but one vice president
instead of two. That means the sue
cessful candidate will be president
in 1944-5.
He is the first New York banker to
be suggested for major ABA office
in several years. He is chairman of
the Economic Policy Commission,
has a fine banking record and for
several years was connected with
the New York Federal Reserve Bank
Lanston at New 1943 High.
Lanston Monotype sold at "a on
the Washington Stock Exchange to-
day, another new 1943 high mark
and up from 3212.
Washington Gas Light $3.50 pre-
ferred got back to the high for the
year when so shares moved at 97l2
Mergenthaler Linotype was in &C
tive demand at As. while Potomac
Electric Power per cent preferred
stock was also strong, opening al
.16 and closing at III.
Peoples Drug Also Climbs.
Peoples Drug Store common was
among 129 issues which made new
highs for the year on the New York
Exchange yesterday The stock
reached "a against the previous
high of 1855.
Washington Gas Light common
reached another new high mark
in New York, selling at %.
Ernest T. Love, assistant cashier
of the Chase National Bank ano
one of the brothers Of A. Morris
Love, Loudoun County murder vic
tim, was a banker in Washington
for some years, being connected with
the former American National Bank