Evening star., 1932-11-30
d. C. Underwriters TO Meet.

d. C. Underwriters to Meet.
John S. Drewry, general agent OF the
Mutual Benefit, in Ohio. will address
the monthly meeting OF the Distrlct OF
Columbia Life Underwriters Association,
at the Washington Hotel, tomorrow
noon, President John P. Lynch an
.nounces. The program Is in charge OF
"A. Lawrence Choate, local agent OF the
same company. Mr.. Drewry Is an ex-
Scellent speaker and has met with un-
Usual success in the insurance field. he
sstarted his career as an office boy.
: Thomas P. Morgan, general chairman
sof the joint sales congress OF the Mary
-5and-District of Columbia Association,
will announce his committee chalrmen
at the same meeting. Members OF the
Richmond Association already have ac-
lcepted invitations to attend.
. The local underwriters are to hold
Joint meeting with the District bankers
In February Joseph A. Mari Is IN
charge OF the insurance end OF the
dinner. 1t will be an evening meeting
Rapid Transit Net Falls on.
= The Washington Rapid Transit Co,
In its statement to the Public Utilities
Commission, reported operating reve-
snues In October amounting to $685.
s-326.3S, a decrease Of s7.307l6 COM
pared with October, 1881. Operating
Expenses and taxes amounted to $685.
sA32 81, a reduction of more than $ll, 600
over October, 1881.
= Gross income, less operating expenses
ard taxes, showed d net loss OF ST.
1881, which was also $4,l761s less
than the deficit of October, 1881; the
deficit In net income was S3,962.07
also $4,02452 below the deficit In this
item in October last year.
For the first 10 months OF 1892 the
company's operating revenues aggre-
gate 1864 4,0500l, but these are $685.
477.68 behind those of the correspond
ing period In 1881 Operating expenses
and taxes were s392, ,240.75. decrease
$2s, 1904 in operating income, an ad-
vance in deficit Of $18,31803.
There is a net loss of $27,214.l6 in
cross income less operating expenses
and taxes, an increase In this item OF
S1s,322o5 The deficit in net income
is now s5,267.27, a gain of s1S,869.96
over that for the 10 months Of 1891.
R&iney's Company Distinguished"
Representative Henry T. Rainey,
Democratic floor leader, who testified
here last week that as result of the
Establishments of salesman he had
bought 81, 500 of securities for which he
no longer has high regard, may con-
sole himself with the thought that he
has distinguished company" says the
New York Times Rarely Is there pub
lished a list of the security holdings
Of a deceased banker or capitalist with
out showing some investments" ap-
praised as valueless. 1t is common
weakness to buy securities of questiona-
BILE merit The most astute investors
are often victimized but usually they
enter into the transactions with their
eyes open, willing to take chance on
the strength Of clever sales talk. But
the most numerous body of disillusioned
investors, rs the records Of the bro
kersge houses will show. comprises
those hopefuls who gave expression to
their bounding hopes before the mar
kets collapsed in 1929" the Times adds.
Christmas Clubs for 1888 Opened.
Many of the local banks opened their
Christmas savings clubs for 1888 today
The others will join in the grand an
nual campaign tomorrow and the pop
ular thrift move will be started in full
force.
The District Bankers Association is
again conducting cooperative cam
paign in charge of the associations
wide-awake Advertising Committee.
Each bank also is displaying its own
Advertising matter urging their Gus
toners to join these clubs at once.
The goal In subscriptions this year
Is more than $780, 000 the amount
that must be pledged to send the total
into new ground The number OF mem
bers in the 1888 clubs must pass the
100000 mark in order to keep up the
steady increase in memberships that
has gone on every year since 1924.
: 1t is expected that a good deal OF
money received from this years clubs
will be put back into the new clubs. al
though the greater part OF this sum
goes into the channels of Christmas
Trade and the tills Of the local mer-
chants.
: Cleaned in Financial District.
Twenty shares of Capital Traction
stock sold on the Washington Stock
closed with Ia bid and 5 asked. Five
Shares OF Potomac Electric Power 6
per cent preferred stock sold at liz
ex dividend.
= Bids will be received by the Wash
mgton Suburban Sanitary Commission
In this city on December on $3.50, 900
washington Suburban Sanitary district
Maryland, 5 per cent bonds due 1885
TO 1858.
waggaman Brawner g. Co. Inc, are
distributing a circular in the financial
district covering list Of preferred
stocks for investment. This firm de-
elares there are distinct signs Of the
return of investment confidence.
Wholesale commodity prices declined
slightly during the latest week, accord
5ng to the index of the National Fer
filizer Association. The general index
number declined from 60.4 to 6o.2, Q
drop OF two points. During the pre-
eeding week the index declined / point
:. Pennsylvania. Railroad stockholder,