Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-09-24

a. joined Blyth d
Co., in Chicago, later opening of.
fees for the firm in Detroit, Cleve-
land and Cincinnati. Mr.. Hewitt
was then transferred to the New
York Office as manager Of the syn
dictate department.
Store Sales Rise Sharply.
Sales in Washington department
stores rose sharply in the week
ended September Is, registering a
jump of % per cent over the same
week last year and were % per
cent above the preceding week this
year, the Richmond Reserve Bank
reported. Cumulative sales in four
weeks were Z per cent above a year
earlier.
Sales in the fifth district were
only 10 per cent above the corre-
spending 1949 week but 81 per
cent ahead of the previous week
this year. The figures reflected a
buying rush toSbeat tighter credit
terms now in effect.
The bank said building permits
in the fifth district in eight
months this year amounted to
$285, 453.982 against $198,459,716
a year ago.
Underwriters Gather Here.
The 61st annual convention Of
the National Association of Life
Underwriters will open here to-
morrow at the Statler and May
flower Hotels, with more than
1850 life insurance presidents and
top executives expected.
Tomorrow's program includes a
meeting of past presidents, meet
ing of CLU directors, committee
on education, and board of trus-
tees. The opening general bust
ness session opens Tuesday morn
ing with Judd C. Benson presid-
ing.
On Thursday night. company
dinner meetings will be held in
different hotels, big family affairs.
The District Life Underwriters AS
ISOLATION is host, Charles P. Rice,
president. and w. Neal McCord,
general chairman.
Bank Women Meet Leader.
Miss Marion E. lMattson. assist
ant cashier, Northwestern Ma
tional Bank, Minneapolis, has
been elected president of the As
ISOLATION of Bank Women, at the
convention in New York. She is
well known to many Washington
members of the association now
at the meeting.
Mrs. Nancye B. Staub, assistant
secretary and assistant trust otu-
Ger Morristown Trust Co., New
Jersey. was elected Middle At
lantic regional vice president. Mrs,
Ruth E. Sheriff., assistant man
ager. bond department, First Ma
tional Bank Of Memphis, was
made Southern representative.
Evan Clague Guest Speaker.
Evan Clague, commissioner Of
the Bureau of Labor Statistics,
will address District of Columbia
Controllers Institute of America,
at the Carlton, Tuesday evening,
on THE Business Picture Today
and Tomorrow" Raymond G.
Lochiel, Capital Air Lines, will
preside. $751;
Other new officers are Milton
A. Barlow. Hot Shoppes. vice pres
ident; Howard G. Oberlander,
United States News, treasurer:
Roy w. Wade. Capital Transit,
secretary.
T. A. Morgan, general agent for
the Milwaukee road in Washing
ton, will attend the first staff
meeting under the new president,
John P. Kiley, in Chicago tomor-
row.
Financial Courses Arranged.
American University in cooper
alton with the Southern group of
the Investment Bankers Associa-
ton of America is about to offer a
course in investment banking
The course was ar
ranged by Bernard j. Nees as
chairman of the District Commit
Tee, and will be supervised by DR..
Nathan A. Baily. Emil G. Splitter.
senior economist, International
Monetary Fund, will conduct the
course which already has a large
public enrolment.
Maury L. Nee Of the P. J. Nee
Co. and president Of the Ma
tional Retail Furniture Associa-
ton will speak in Indianapolis.
Cleveland and Columbus this
week, on whats Ahead?"