Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-23

Harahan Outlines C. g. o. Plans.
William j. Harahan, senior vice pres
adent of the Chesapeake e. Ohio Rail
way, told the stockholders at the an
nual meeting at Richmond that the
road is planning to spend ISL, 336,630
on additions, betterments, purchase of
equipment and construction of branch
lines Part Of the funds will be de-
rived from the $38,000,000 common
stock to be offered stockholders and
the rest will be appropriated from
earnings. The directors were unan-
imously reelected.
The c. & o. minority committee,
holding 7,413 shares, opposed adoption
Of resolutions approving acts Of di-
rectors during the past year and the
1929 annual report because of the in
clusion in the report of a paragraph
relating to the application filed with
the Interstate Commerce Commission
asking aethority to acquire control of
the Erie Nickel Plate, Virginian, Pere
Marquette, Wheeling g. Lake Erie and
other roads. The company recently
withdrew It's application. Thomas B.
Scott acted as spokesman for the pro-
s. Kemp, Jonathan Bryan and other
members.
Gains in District Insurance.
New life insurance written in the
District of Columbia in March showed
gain of over is per cent over the
same month year ago, according to
Hartford, Conn, reports received today.
The United States showed gain Of
only per cent.
West Virginia wrote IL per cent more
new insurance in March, and Virginia
insurance sales were per cent above
March 1929. Maryland, however, was
of per cent, being the only State in
the South Atlantic group to record
decline.
Among the States still farther South,
Georgia was of per cent and North
Carolina per cent for the month. South
Carolina wrote just the same amount
Of insurance as last year. The report
states that South Dakota made the
best showing, with an advance of 29
per cent, and Mississippi had the largest
decline, 10 per cent.
The first quarter figures reveal the
fact that the country as a whole has
taken 6 per cent more insurance this
year thar in the same period In 1929
The South Atlantic States increased
their monthly production per cent
over March 1929. For the first quarter
Of 1880 these States show an average
gain Of per cent over the same period
in 1929. The section gain for the r.
month period which ended March 81.
1880, was 5 per cent over the preceding
12-month period.
New Van SwerinEen Financing.
New financing by the Van Sweringen
interests TO be handled by q group of
bankers headed by the Guaranty Trust
Co., of New York, is expected within
the next few days. This financing will
probably take the form of f1ve-year
notes carrying warrants to purchase
stock of the Delaware to carry on ac-
tivties of the Van Sweringens outside
the railroad field.
The members of the washington
Bond Club heard William B. Burruss
with unusual interest yesterday as he
gave his address on Shakespeare, the
Salesman" He lauded Shakespeare as
one of the worlds greatest statesmen,
largely because of his brilliant under
standing of human nature and his
ability to write what people liked best
The speaker declared that Shakespeare
knew how to arrest the attention of the
customer, arouse his interest in what he
had to offer, create desire for it, COM
plete the transaction and at the same
time develop the satisfaction Of the
customer
Trading on ID. C. Exchange.
HOUOuldC GSlcCLIIC EO"CL pei SCAS
preferred sold at 1l3 and ll212 on the
local stock exchange today while the
So per cent issue moved at l0814 and
100. Mergenthaler sold at 1073s, so
shares of Columbia Sand & Gravel at
95. and so of the Carpet Corporation at
26Ia. Security Storage moved at ll5
and Federal American National Bank
AT 28O. Bond trading was confined TO
Railway g. Electric As and Capital Trac-
ton SIS at recent levels.
Heard in Financial District.
President John B. Larner Of the
washington Loan & Trust Co. has re-
turned from two weeks vacation at Hot
Springs, Va.
George H. O'Connor, vice president
of the District Title Insurance Co., has
been appointed delegate to the con-
vention of the United States Chamber
of Commerce to represent the American
Title Association.
The McLachlen Banking Corp. ha
sent out invitations to the opening o
the banks new Southwest branch, 3l'
Fourteenth street southwest, which take
place next Monday, from $50 TO 5 pm
Percy B. Mccoy and Alvin B. Fischel
have become associated with the Wash
inrton Office of Samuel McCreery
Co, bankers. and members of the New
York and Philadelphia Stock Exchange
and associate members Of the New Yorl
Curb Exchange.
Profit of American Ice Co. and sub
salaries for quarter ended March 81
loan uas S130 GAO after interest blu