Evening star., 1944-06-19
D. {. Insurance Sales
I Per Cent Above
Year Ago in May
By EDWARD C. STONE.

bN EDN AMI u. . loINEs
Again turning upward, life insur-
snce sales in the District in May
scored per cent gain over May,
1e43, totaling $6,084 900 against S.
774,0O0. This is sharp advance as
April sales were off II per cent, &C
cording to Hartford reports. Sales
in the Capital in the first five
months of this year reached $685.
O3S,00O. up per cent from the total
OF S24,909, 900 a year ago.
Policies written in Maryland in
MAY amounted to $ll, ,133 900, up 10
per cent, and in the five months,
S55,704, 900, a gain of 18 per cent.
Virginia also made a fine record,
Sl0,775,000 being 10 per cent over
May, l943, and the longer period
total of $52,057 900 showing an 18
per cent upswing. May sales in
West Virginia were up 19 per cent
and in South Carolina, 80 per cent
the report stated.
472 Enter Banking School.
Thomas Grant, jr., Union Trust
Co.; Thomas j. Norris, Bank OF
Commerce & Savings, and Richard
c. McGill, First National Bank OF
Southern Maryland, Upper Marl-
boro, are among 472 bank officers
who are entering the Graduate
School of Banking at Rutgers to-
day. The entering class is the
largest yet registered in spite of the
war.
In the student body of 472 will be
9 bank presidents, 81 vice presidents
a. assistant vice presidents, 80 cash.
iers, IL secretaries, 10 treaSurers
and IA trust officers. Also there will
be IL bank examiners and 30S bank
officers of various grades.
John Howard Payne of Washing
ton, for two years manager OF the
economic development department
for the Aeronautical Chamber OF
Commerce, today announced his
resignation to establish his own
Office as consultant economist at
1927 K street. A graduate of Union
College and of American University,
he was with the Army Air Force
Intelligence as economist and chief
of personnel, and prior to that was
with the Department of Commerce.
John Clifford Folger will be re-
elected president of the Investment
Bankers Association of America, at
the annual meeting in Chicago, No
vember 27-28. Five vice presidents
also are slated for election: j. H.
Collins, Chicago; Hal H. Dewar, San
Antonio; Henry H. Egly, New York;
Charles S. Garland, Baltimore, and
Edward Hopkinson, Philadelphia.
Owen American Co. Director.
Thornton w. Owen has been
elected a director for the American
Co, real estate firm, to fill the va
cancy caused by the death OF his
father, Vernon G.. Owen, it was
learned today. Mr. Owen is connect
ed with several banks and real
estate companies and is widely
know as an appraiser of real estate.
He lis proprietor of Thomas j. Owen
& Son, appraising and engineering
concern.
The passing of H. H. Mckee
caused deep regret in the financial
district today. He had just been
elected chairman of the board Of the
consolidated East Washington Saw
ings and National Capital Banks.
Mr.. Mckee had a remarkable knowl-
edge of banking law and as chair
man of the Washington Clearing
House Association had rendered ex-
ceptional service to the banks of the
city. s... -
Another boiling stock market
greeted traders at today's opening,
with Offices here crowded to the
doors. Many more new highs in blue
chip stocks were noted. ~