Evening star., 1928-04-18
SOUTHERN DIARIES
ACQU|RES11PLANTS
Issues 47,500 Shares of
Class "A" Stock to Cover
the Purchases.
RY EDWARD c. STONE.

It was announced in New York TO.
/ day by Doremus & Co. that Southern
| Diaries. Inc, one Ct the largest organ.
| izations of its kind in the country,
/ has acquitted the assets and properties
/ Of II ice cream manufacturing COM
panieS operating in the South. To set
these assets the company has issued
/ $500 shares of its class A stock The
board OF governors of the New York
Stock Exchange has approved the listing
OF this additional stock.
The various companies Just acquired
( by southern DalrleS are as follows
Ifeor2e n. Brown Co, Inc. Chattanooga.
tenn, kacy Ace Cream Co. Anoxvtuc.
Tenn; NicodemuS Ice Cream Co, Fred
erlek, Mo, Selby Ice Cream Co, States
vile, n. c. Honey Boy Ice Cream Co.
GaStoilia, n. C, WlnlGrean Ice Cream
Co, Elizabeth City. N. C; salisbury Ice
Cream Co, SALISBURY. n. e. Chester
Ice Cream Co, Chester n Lucas, s, C.
Palmetto Ice Cream Co, Florence. S
G; Purity Ice Cream Co, Selma, Ala.
and Ice cream Co. Nioblie, Ala.
southern DANES, the New urk It.
lrom baltimore ana NaSningtun 10
Miami ana distributes as proaacgS IN
ABOUT l,Uuu cites IN the southeast The
acquisition oi me ABOVE properties hel,.s
round OUT the company territory ana
materially strengthens It's post. o..
through an extensive advertising Au&
aggressive merchandising campaign tile
company is rapidly broadening its col-
sumner market.
Prices Steady on Exchange.
Prices remained steady on the Wash
ington Exchange Eooay. The market
opened with kotonlac Electric Power
. per cent preferred seinng AZ lI24.
ana the a. per cent issue AZ los >
SsTenty-clgnt shares OF WaShlngto..
railway Il Electric preferred cnan2tu
nanoS at i02is. Capitai Traction moved
al lo9ia and sanitary Grocery preferred
again came out at 40. Ten shares OF
Columbia SAND d Gravel preferred
changed hanoS al par, -Four sales ul-
tolvlng iS5 shares Of National Mort
sage q Investment preferred were .e-
corosd, the stock closing at 5is.
Ten shares OF Union Trust Co. stock
sold today at $50. , points under yes
teroay'S hign for the year. klyc shares
ct Union 1Tlist stock also appeared on
the board, selling at the recent prevail
ing price OF ais. BonoS we're quite ac-
tive. Gas IS. series B, selling IN small
denominations at loo. The A bond
sold at l04 also IN small denominations
Washington Gas SIS sold al los
Washington Gas and Washington
Consolidated Title preferred are the
only local issues now being quoted ex-
dividend
Total Insurance Figures Enormous.
An ofaeial tsbulasaon OF lie insur-
ance companies total OF insurance in
force IN this country aggregates s90.-
li2S82 .298. This sum Is divided as fol-
lowx. Ordinary. Ssb. .eS3. .609 2s9: indus
trial, $i5,o$7. 733 .2a5s group. $780,
sac, ,o99.
Comparing these figures With The
totals as OF December 81. 1925. there
Is an increase Of over 81 o0o. 100 ,0o0 in
ordinary insurance, approximately ST.
600 600. 600 III industrial and S. Co.,
600. 900 IN group.
There are nov Is companies With
over 81 .0O0. 900, ,oQU Of insurance n force
Sixty other companies stlow insurance
IN Iogce amounting 20 over 500 ,0Ug, 900
In America TO-DAY 81 0o0. 900 persons
approximately haif OF the population
own life insurance policies.
Many Bank Criminals AppTehended.
The protective committee con2laaed
lis report al the Spring meeting of The
executive council Of ire American
Bankers Association al Augusta. Ga. as
follows.
During the first half os this yea. our
detective agents caused the arrest OF
l2S OF the 235 bank criminals apprn-
nenoeo. "a Of these having been con-
Vicieu and imprisoned Among tnese
were score ot the most notorious
criminals operating against banks
whose skill and widespread activities
d@nanoed nothing short Of the Nation
vice system Of operatives such az are
al the command oi members ii tie
american Bankers Association In ad-
citlon there were 81 convictions o! l,ris.
ofiefs VINO were arrested prior Ia the
current fiscal year
Per Capita Wealth Reported.
The New 1ealander, g1th s3.3I9. 10. Is
the Wealfhiest average citizen In the
world: the Swiss next with 81 goa 90
me American third. with g2.94 so and
the Ru1sanlan fourth with a. gus 90
according 70 the world economic chart
Tor 1927 compiled by Redmond 4, Co
lnFeSimen bankers. Great Britain attn
s1.b90io per capita. Canada. witn "a
tb2 10. and Australia. with So 500. fol.
lox In the order named Al the os1er
enc Of the prosperity scale are soyle,
Russia with s2iG.e0 per canlta; Greece
sSs5s no, and Bulgaria, s403 TO-
Heard In Financial District.
The April bulletin Of the District
BANKERS Association will make ns ap-
peafance tomorrow or Friday.
Inc inal examinations Of the Arneri-
can Institute Of Banking taxes ojacc
carry ~ May. the students already naE
ing special preparation for them
nomas w ErahaDy of Crane Paris
* 20. mas been confined 10 his home
ior several days with Illness.
II took the sale 0f only one share Of
Farmers q Mechanics Bank stock on
tfir local exchange yesterday to show
gain u points since the last trans
actloTls. Tie stock n0ged at a25.
3i4e directors ~ the Atlantic Coast
Line have declared the usual extra d!gi-
oend " $3.50 PER share IN addition 10
the regular 8erni~annJa payment 81
$3.50 payable July 10 10 stock Of record