Evening star., 1949-12-22
D. T.. Insurance Sales
3Pct. Ahead Of 19&
During Il Months
By Edword G.. Stone

In the first II months OF the year
totaled $l22,138.000 and were 8
per cent ahead of the like 1948
period, it was reported from Hart
ford, Conn.,. today. Sales in Novem-
Der alone reached $11,613.0o0, a
small gain of l per cent over
November year ago. the report
said.
Maryland made a November
Jump of 8 per cent with total of
919,937 900 but the total of $685.
$4,000 in II months was down 3
per cent from 1948.
Virginia also had a fine Novem-
Der, a total Of $23.772, 900 in new
business being 6 per cent ahead
Of last year. In II months sales
totaled $237.811. 900, drop Of 5
per cent under last year. Nation
ally, sales were up 2 per cent in
November and unchanged on the
year.
New Director Elected.
National Bank of Washington
directors have elected George
Hyman a member of the board.
He is president of the construction
company by that name. His Arms
construction includes the white
marble Department of Agriculture
building, Municipal Court House.
10 District school buildings, new
building at the University of Mary
land and many others.
The board declared the regular
semi-annual dividend of So per
share, payable January to stock
of record December 81. The sum
of $4,000 was added to surplus,
making this total 81 ,050, 900 which
equals the capital of the bank,
President Barnum L. Cotton an
nounced.
France To Aid Settlements.
The Ambassador Of France an
nounced today that the French
Government has drawn up regula-
tions intended to help German
residents of the United States
whose property in France was Sc
questered during the war. The an
nouncement declared:
Enemy nationals whose hold
ings In France were sequeStered
during the hostilities may file a
request for settlement, when Ger
tain requirements are met, by ap-
plying, prior to December 81, 1949,
to the French Consulate in Wash
ington. 2129 Wyoming avenue
NV. where all information will
be given them"
Five Promotions Announced.
Five promotions have just been
made by the Bank Of Commerce
& Savings, President Thomas j..
Groom announces.
Thomas j. Norris, cashier, was
elected vice president, to take
charge of the North Capitol Street
Branch. With the bank % years,
he is q graduate of the banking
school at Rutgers and a former
president of Washington Chapter,
American Institute of Banking.
John E. Monk. assistant vice
president, was advanced to vice
presidency, in charge of loans and
investments. He is graduate Of
the University of Maryland,
Strayer's School of Accountancy
and the Graduate School of Bank
ing.
Ernest r. Wilson. controller,
was elected cashier: George E.
Cole, assistant cashier, was made
an assistant vice president. and
Robert M. Lyon, assistant cashier,
was promoted to assistant vice
president. All have had wide
banking experience.
Auto Agency Changes Hands.
L. P. Stafford has purchased the
Dell-Nash agency at 8507 Coles
vile road, Silver Spring, 1t was
announced today. The new busi-
ness will be known as L. P. SAT-
ford-Nash, Inc.
At present, Mr.. Stafford is pres
ident Of the Stafford Chandler Mo-
tor Co.. 629 H street NE, he has
resigned effective January /.
Mr.. Stafford recently was elected
first vice president of the North
east Businessmen's Association. He
is q member Of the Washington
Board of Trade, the Gideon So
ciety, Christian Business Mems
Community Group and the Wash
tngton Automotive Trade Associa-
ton.
Increase in Bank Loans.
In the week ended December IA.
Washington banks showed a gain
in commercial loans of about ST.
100000, with real estate loans also
scoring about the same advance
over the preceding week, the Rich
mond Reserve Bank reported.
Investments disclosed a modest
decrease but total assets were
ahead of the previous week. De-
mand deposits were OF while time
QSpOSlIo WClC 01ASlAdAi6C0s
The Capital Cadillac Oldsmo-
bile Co. of Washington and the
Akers Oldsmobile- Cadillac Co. Of
Alexandria, will have a Christmas
party tonight at which Is per cent
of profits during the year will be
distributed to employees, Fred D.
Akers announced. Each employe
will receive $50 for each year Of
service, he said. plus a turkey.
Herbert w. Yeagley. Office man
ager since May. has been ap-
pointed Washington representative
Of the Monsanto Chemical Co.
More Bonds Change Hands.
The Washington Stock Ex-
change today registered the sale
of $4,000 more Capital Transit
As, at 981a, following yesterdays
record sales of $104,000 at the
same price. Later in today's ses-
sion $4,000 more were sold at
98h.
Transit is then dropped half
mint on small sales of So 900 and