Evening star., 1949-10-20
D. {. Insurance Sales
Drop 7 Pei. Behind
1948 in September
By Edward G, Stone

1T" " SSSsSsis~Sa
= By Edword c. Stone
District of Columbia life insur-
ance agents wrote $9,338, 900 new
policies in September, a drop OF
7 per cent from the same month
last year, the Life Insurance
Agency Management Association
reported today.
In the nine months. however,
new business was 4 per cent ahead
of the like 1948 period, with sales
reaching $99. $4,000. the report
stated. The national average was
up l per cent in both periods.
Maryland's September sales OF
$16,886,000 were off 4 per cent
and the nine months sales OF
$165, $4,000 were down 5 per cent
from last year.
Virginia, with September sales
Of s18,854,00o, showed a 10 per
cent drop while the nine months
total of $1s3,314,0o0 was down Z
per cent.
Strikes Hit B. g. o. Hard.
Strikes in steel and coal have
dealt the Baltimore & Ohio Rail-
road "a terrible wallop" and will
force the road to operate at a
loss this month, President Roy B.
White said yesterday.
He estimated the loss for Oc-
tober at $1,50o,oo0. This, he said,
is an Intelligent guess" based on
the probable effect of the two
Nationwide strikes on other in
dustries. Mr.. White said the road
has earned a profit in every other
month this year.
The railroad does not plan any
further major layoffs of employees.
Approximately $4,000 B. & 0.
workers have been laid off since
the two strikes began.
Bank Auditors to Meet.
Washington banks will send
good sized delegation to the 25th
annual convention Of the Ma
tional Association Of Bank Audi
tors and Controllers, which opens
a four-day session in Philadelphia
Sunday. Among those planning
to attend are:
Vernon R. Dorman and w. B.
Mehler, American Security; E. R.
Wilson, Bank of Commerce &
Savings; w. j. De Jarnette, Ham,
ilton National; Lewis E. Thomas,
Liberty National; Gerald E. Keene
and Tudor Wilton, Second Ma
tional; Raymond G. Marx, Riggs
National; Roger S. Quinn, Wash
ington Loan & Trust; Fulton H.
Dixon, Security Savings & Com
mercial, who is chairman OF the
auditors section of the American
Bankers Association.
Everett r. Smith, director of re-
search, MacFadden Publications,
has been elected president Of the
American Marketing Association.
DR.. Wilford White of the Com
merce Department has been elect
ed a vice president.
Bellows Luncheon Guest.
Howard A. Bellows. Eastern
division sales manager Of the
General Tire & Rubber Co., ad-
dressed the company's District Of
Columbia Associations monthly
meeting at the Mayfower yester-
day noon. Frank Grimm, new
District president, presided. Mr..
Bellows, who spoke on reducing
tire costs in 1850, has been COM
pany executive for Is years.
!. Wayne Keller, assistant con-
troller of the Armstrong Cork Co.,
addressed Washington Chapter,
National Association of Cost Ac-
countants, at the Sheraton Hotel
last night on Lets Put Standard
Costs to Work" i.
Officials to Take Cruise.
The Savings Bank Association
Of New York plans a f1ve-day
cruise to Nassau, starting tomor-
row night on the Nieuw Amster-
dam. Joining the party will be
Maple T. Harl, chairman, Federal
Deposit Insurance Corp; Eugene
Black. head of the World Bank;
w. K. Divers of the Federal Home
Loan Bank and Franklin D.
Richards, FILA official.
Three Washington banks were
honored today by the Todd Co.
for becoming customers of the
bank supplies firm so years ago.
The company, noting its golden
anniversary, sent special recogni-
ton to Daniel W. Bell, president,
American Security & Trust Co.;
C. F. Jacobsen, president, Ma
tional Metropolitan, and A. H.
Lawson. head of the Washington
Loan g. Trust Co. The banks
bought protectograph checkwriters
In 1900.
New Officers Nominated.
The. Southeastern group, In
vestment Bankers Association.
will gather at the Metropolitan
Club next Wednesday for the an
nual meeting, James H. Lemon
presiding.
According to Richard P. Dunn,
chairman of the Nominating Com
mittee, Joseph w. Sener, Balti-
more, is slated for chairman next
year He is with John c. Legg &
Co.'S
Slated for election to the Ex-
ecutise Committee are Wilfred L.
Goodwin, jr.. Of Washington; J..
Murrey Atkins, Charlotte, N. c.;
Richard P. Dunn, Washington,
and Edward K. Dunn, Baltimore,
the last two ex of1icio.
Chicago Livestock
CHICAGO. Oct. 20 Up tUsDA).-sal-