Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-11-22

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Union. only Dela-
ware and Wyoming
making better C. ]. GOckcler.
showing. e,o rocord
Virginia also hung up me recoiu;
renorfing a gain OF 10 per ceilC n s.nt
standing in thirteenth place IN tne lIs''
west Virginia did almost as ven "a ner
cent In reaching the top OF the hSC
neIaware had to boost new insurance
south Carolina stood at the bottom
of the list. reporting falling on III
Insurance written i'll october OF IA PEI
cent North Carolina also 1alleo 10 nl man.
anv propress, the loss being per cent
Anyotber Southern State down in the
red was Florida, with decrease OF
nor cont while New York and ZEN
1,essee had the same falling of. Inc
United states and the District OF
Columbia, taken together, had gam
for the month of 4 per cent. ,...
"There has been no denaIon VI 1E ane
, Insurance values" the report says. EaCh
oolicv in force is worth more now than
I Il ever was while stocks have fallen on
the average to only half to tWo-thlroS
IF their recent heights. In contrast 10
the more quickly acquired but insecure
profit to be derived from SpeculaClV w.
stocks is the steady income assured pS
life insurance. 1Ile lllG llo4 l. Az
NAMES expect even greater safes IN tIle
future" - 1000
During the first ten months OF 1SzS
every section~of the country increased
its production of ordinary life Insurance.
over the same period in 1928. Inc
country as a whole has PAID loI q
volume of life insurance 8 per cent
greater than paid for IN the same 'eii
months of 1928.
Fenner e. Beane Move Office.
Fenner e. Beane, New York STOCK
brokers, are opening new offices at l4So
K street northwest after carrying on
their business here for the last SIX
years at the willard. Their new oHces
are now in operation and they VIII close
the willard Office at the ena OF Cne
ample boardroom space, complete ticker
and other brokerage service, private
offices, consultation rooms and speclal
boardroom for women in the mezzanIne.
The local offices of this firm VIII.
hereafter. be under the management OF
w. E. Lewis and John Mclean. Lewis
is we'll known In Washington, having
been in charge OF the Fenner q 5eane
Office here for some time, and Mclean,
who comes here from New York, has
been for some years special repre-
sentative of the firm. Associated Win
them will be Raymond Sauter ana
Gen. Richmond P. Davis.
Many floral tributes from business as
sociates and customers adorned the new
Offices today. The managers also re-
ceived many personal congratulations on
their new quarters. The firm has
large number of Offices all over the coun-
try and membership in practically all
the trading exchanges.
Thorne tn Address Club
Merle Thorpe, editor of the Nations
Business, will address the Advertising
Club of Washington at the next meet
ing. Tuesday noon, November 26, at the
National Press Club. Mr.. Thorpe will
talk on "Advertising's Opportunity"
according to announcement mace py
Charles J. Columbus, managing director
of the association. Mr.. Thorpe mas al
dressed the District of Columbia Bank
ers' Association several times and Is an
excellent speaker. He Is olrecVor OF
the National Metropolitan Bank.
The Ad Club has invited the members
of the washington Bond Club to DE
guests at the meeting. Secretary Proc
tor announces that the Bond Cluo mas
accepted the invitation and that the
regular meeting will be held at TINS
time. Notices have been sent to the
members and a large turnout OF imam
ciers is anticipated.
Federal American Stock Active.
Federal-American National Bank
stock was one of the most active issues
on the Washington Stock Exchange To-
day. 1t opened at 29 3D. I ana cioSeo al
Mergenthaler Linotype was another
outstanding feature. This stock started
the session at 1903, and closed up an
eighth, new high on the present move.
Washington Railway Electric common
came out for the first time IN many
weeks, selling at 500, against the last
sale Of SIS. The preferred again moved
at 90.
Capital Traction sold at IS. Many
other issues appeared in small lots, and
bonds were in fair demand. The ex-
change will be closed tomorrow.
Heard in Financial District.
The reelection of G. J. Gockeler as
secretary of the Washington Stock Ex-
change was a reward for long service.
Mr.. Gockeler has served the exchange
for several years in this position, and is
on the board of governors and is most
enthusiastic member. He is vice presl-
dent of the District National Bank.
Y, E. Booker, head of the investment
firm by that name, attended the stock
holders meeting Of the Mergentnaler
on Wednesday.
w. w. Spaid of w. B. Hibbs & Co.,
is in New York attending meeting OF
the board of governors of the Assocla-
ton of Stock Exchange Firms.
The resignation of James Sloan, IT., as
manager of the Washington branch Q.
Mackubin Goodrich 81 Co, investment
bankers of 1903 H street northwest, has
been announced. John B. Mothersnec
will now have charge OF the STOCK oe.
partment temporarily and Ralph M
Wolfe the investment securities depart
ment.
Other Financial Notes.
The Atlantic Coast Line Railroad ha
declared the usual extra dividend o
Sl50 and the regular Semi-annual 0lVl
dend of $3.50, both payable January i
to stock of record December II.
Brokers' loans decreased $685., 900 90
in past week, to 587OOo,uoo, asainS
S5,l57, 0000 900 on November ], 1873
Federal reserve system ratio, 712 pc
cent, against 69.5 per cent week ag
and 684 per cent year ago; new Ior
bank. 80.3 per cent, as against 16f pc
cent and 100 per cent, respectively; n
announcement on New YORK reolScoui
rate of Az per cent.
THE board of directors of Incorpo
rated Investors has declared an eXtr
cash dividend of 10 cents per share
all stock of record November Is, pay
able December 20. This is the seccn
extra cash dividend disbursement
shareholders this year. According
William A. Parker, treasurer OF tn
company. this extra cash dividend
IAN expression OF confidence in Amer
can business and our belief that ar
turtailment will at the worst be relative
slo9t-lived.' All stock dividendsAar
Il ~hts have been leinresteo and colAte