Evening star., 1943-11-24

BY NdfI0ndI Bank
OF Washington
BY EDWARD C. STONE.
Two new directors were added to
the board Of the National Bank of
Washington at today's meeting-1
Simeon T. Price, president Of the
Terminal Refrigerating & Ware
housing Corp, and Herbert Guggen-
helm, manager. Milton Hopfenmaier
Estates-according to announcement
by President j. Frank White.
Mr.. Price succeeds his late BROTH
er-in-law, Col. Wrisley Brown, who
served the bank long and efIiciently.
In addition to his duties as head of
the refrigerating and warehousing
corporation, Mr.. Price is president
OF the Consolidated Terminal Corp.
and q member of the Kiwanis Club.
He served overseas as an ofiicer
OF the United States Army in the
last World War and has been closely
identified with the market, cold
storage and warehousing business
In Washington since 1922, at which
time he became vice president of
the old Washington Market Co.
Mr.. Guggenheim succeeds the late
George p. Sacks, who also was a
director of many years standing.
Born in the District and educated
here. Mr.. Guggenheim became one
of the trustees of the estate at the
time Of Mr.. Hopfenmaiers death
and now manages the rendering
business conducted In the name of
the estate.
He is president OF the Norfolk
Tallow Co., Richmond Refining Co.
Carolina By-Products Co. and Fish
Processing Corp. He resides at the
Wardman Park Hotel.
Second National Votes Bonus.
Directors Of the Second National
Bank have declared a Christmas
bonus for all members Of the staff
President John A. Reilly announced
today.
The holiday distribution will be
three-fourths Of months pay. same
as paid year ago. In fact, Mr..
Reilly said today that the Christmas
compensation has already been dis
tributed and there were hints that
some Of the money has already been
spent for holiday goods.
1t was indicated in the financial
district today that many other banks
will declare the same Christmas
bonuses as last year. Any increases
have to be approved by the War
Labor Board.
Garfinckel Dividends Voted.
Directors of Julius Garfinckel,
Inc. Washington department store
have declared the quarterly dividend
OF 34as cents per share on the 51a
per cent preferred stock, payable |
December 81 to stockholders of rec
ord on December Is, it was an
nounced today
The board also voted the quarterly
dividend of 20 cents per share on
the common stock. also payable De-
cember 81 to stockholders OF record
December IS. The meeting was
held yesterday.
Late Banking Hours Friday.
On account of Thanksgiving.
Washington banks will observe their
late hours this week on FRIDAY.
Whenever holiday comes on
Thursday the banks remain open
late on the first business day there
after
The building and loan associa-
tions, which have been observing
similar late hours on Thursday, will |
also remain open late on Friday
afternoon.
Bankers state that practically all
the business during the late-hour
periods pertains to the cashing of
checks and entering deposits. Trust,
real estate and such departments
report business as very quiet, many
banks keeping only skeleton stats
on duty.
Boom In Pennies Continues.
In connection with the Second
Nationals effort to get idle pennies
back into circulation to assist in
relieving the present shortage, Vice
President Julius E. Lob announced
that more than 81 500 worth of pen
nies had already been brought t6|
the bank.
A woman patron today brought
in what she estimated to be about
4 400 pennies. which she asked be
converted into War bonds and
stamps as soon as counted.
These pennies will not only be put
back into service but they will also
take a direct part in the Govern
ments war effort.
Insurance Workers Get Bonus.
Announcement of a Christmas
bonus to all employees of the North
America companies and a special
gift to all men and women now in
the armed services was made today
by Charles F. Holden, general man
ager Of the North America in Wash
ington.
The 473 members of the armed
forces will each receive a $50 gift
and more than 2,700 now on the
payroll will receive an 8la per cent
bonus-the equivalent of a months
salary-for those who have been
employed the full year. Those who
have Joined the companies during
1943 will receive the same percent
age, based upon the amount Of base
salary received.
The employees of 80 service Offices
as we'll as those in the head Office
at Philadelphia will be included in
the distribution.
The companies are continuing the
S per cent extra compensation pay
ments to offset the higher cost of
living, paid monthly to all employees.
Lively Trading on Exchange.
American Security g. Trust Co.
stock sold at 230 on the Washington
Stock Exchange today. the high for
the year. Fifty shares of Mergen-
| l.