Evening star., 1945-04-15

tional; David S. sM
Hendrick, part oAsS&a& ai6aassaS&Ssss@ issSssS
ner. w. B. Hibbs
& Co.; S. Wilson G. Elmer Father.
EarnShaW. Anacostia Bank; Charles
D. Ratcliffe, Munsey Trust, and
David Bornet, National Savings &
Trust Co. The conclave is to be held
June l and at the MayfoWer Hotel.
so Years With Same Firm.
L. Pierce Boteler has just been re-
elected president of the Mutual Fire
Insurance Co. of the District of Co.
lumbla and is now serving his 50th
year with the firm. while William
Reed Macgill, secretary, is serving
his 46th year. The other officers are
Charles M. BOteler, vice president,
and Charles F. Crane, treasurer.
The present directors are Pierce
Boteler, Robert E. Buckley, w. A. H.
Church, Oliver T. Carr, Edgar Nor
rlS and Charles F. Crane. The Goth
annual report showed insurance in
force at the end Of 1914 amounting
to S23,065 ,03l against S22,834,594 a
year earlier.
Capital Store Sales Drop.
The expected drop in post Easter
trade was reported by the Federal
Reserve Bank of Richmond yester-
day. Department store sales in the
Capital for the week ended Satur-
day, April 7, were 20 per cent under
sales in the corresponding week last
year which was just before Easter.
The fifth district registered a SINH
lar slump.
Sales in Washington were % per
cent behind the previous week this
year, 80 in a group of other cities
and "a in the whole district. How
ever in the four weeks ending April
Z, cumulative sales were per cent
higher here than year ago, same
as the fifth district gain.
Second Century Starts Well.
The Washington branch of the
New York Life Insurance Co. got a
record number of applications for
new insurance on the first day of
the company'S second century
Agency Director Earl D. Krewson
announced yesterday
Agents wrote ll9 applications for
total volume of 1921 ,O65 in new
insurance. E. B. Williams, who lives
in Alexandria. headed the list with
nine applications. Other leaders
we're Frank C. Jude, with 8: B. F.
Satterfield, with 6le; Sidney Simon,
6, and w. E. Baker, 5l2.
Lee Pennington to Speak.
Lee R. Pennington, administra-
tive assistant to j. Edgar Hoover of
the FBI, will address Washington
Chapter, National Association of
Cost Accountants, Wednesday eve
ming at the Washington Hotel, on
Investigate Accounting" Presi-
dent John j. G. Macdonough an
nounced yesterday. William L. Slat-
terry, general auditor of the United
States Maritime Commission and
former controller of the Post Office
Department, will act as technical
chairman
Washington Chapter, American
Institute of Banking, has been mott
fed that hundreds of men and
women now in the armed services
may carry on their banking educa-
tions through correspondence, Wal
ton L. SanderSon, Hamilton Ma
tional, member of the national
council, said yesterday. Special eff
forts are being made to reach former
bank employees now on service leave
IA subjects having been made avail
able for special study.
Insurance Leaders to Meet.
The Life General Agents and
Managers Association and District
of Columbia Chapter, Chartered
Life Underwriters, will hold a joint
luncheon meeting at the Mayf1oWer
Hotel Tuesday, to bring the two or
ganizations into closer cooperation
T. Loehl OBrien, Massachusetts
Mutual, will tell what the agents
expect of management in the post
war period, and George Hatzes, FL
deity Mutual, will give the opinion
of managers on what they expect of
he agents. H. S. Hart will preside,
4 lively forum discussion being an
icipated.
Financial District Comment.
Washington brokers considered
that the action of the New York
stock Exchange on Friday indicated
vide confidence in the new admin
stration.
During the session 931 stocks ap-
reared on the board, 81 new highs
we're recorded and only six new lows
Peoples Drug Stores common
9cored new 1945 high on the Wash
ngton Stock Exchange Friday
reaching 37la. Other issues were
trong.
Capital Transit first As closed the
week at los on an $4,000 transfer
Hecht common moved at %, ex-
i,riI