Evening star., 1932-03-14
ANDERSON TO TALK
ATLUNCHE0N HERE
D. c. Underwriters Associa.
ton VIII Hear Baltimorean
Next Thursday.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
Ell. Anderson, president of the Bal
timore Association of Life Underwriters
viii be the guest speaker at the monthly
luncheon of the District Of Columbia
Life Underwriters Association, accord
ing to announcement today by David S.
Bethune, the president. The meeting
will be held at the Washington Hotel
Thursday, beginning at 1880,
Mr. Anderson is one OF the most
successful insurance men in Baltimore.
He will speak on Organic and Succeed
in 1882" He will also report on the
elaborate plans being made for the joint
sales conference of the two associations,
to be held this year in the Monumental
President Bethune reports that there
are now 1913 members in the local as
sociation, unusual interest being SHOWN
in the monthly gatherings: The reports
on Life Insurance day, observed IN
January which have just been made
for the whole country, reveal the most
favorable results in the way of new
insurance Positively thrilling" was
the way one agent described the results
of the drive as brought out IN the ma
tional returns.
S2S6,S48, 800 in Loan Requests.
Loans aggregating $2s6, 800 have
been requested of the Reconstruction
Finance Corporation by 40 railroads TO
date. an unofficial tabulation OF appli-
cations shows. Up to March /, the
Interstate Commerce Commission had
approved advances of $53, SAIL IT'S to IA
carriers.
The PENNSYLVANIA request for $55,-
100000 is the largest to date and the
only one which proposes to use the
funds entirely for additions and bet
terments to its line.
Gulf g. Ship Island Railroad has
asked Interstate Commerce Commits
sion approval for loan of $694 $50 and
the Alabama Central for loan OF $25'-
600.
Td.& Tel. Dividend Outlook.
As the year progresses, it becomes In
creasingly apparent that the American
Telephone dividend rate of 50 annually
will be maintained with little If any
dipping into cash reserves, says the New
York Tribune. Operating expenses
have been lowered considerably and the
New York Telephone Co. recently put
into effect a shorter month for most
of its employees. one or more Saturdays
being occasions for extensive lay-offs.
Besides earnings, American Telephone
has its large cash reserve totaling $685.
100000 from which to pay dividends
The company also can cau in undis-
tributed earnings from its subsidiaries
which have been increasing in years Of
good business and are ready for use by
the parent company. The dividend was
earned by scent margin in 1881. II
business continues the same in 1882 and
earnings approximate the 1881 level,
the Tribune adds, 1t Is safe to assume
that the present dividend rate will be
maintained
Years A. g. p. Sales Estimated.
With total sales for the fiscal year
ending February 81, estimated at ST.
008,000,0 900, the Great Atlantic and
Pacific Tea Co. tops the list Of volume
of business recorded for last year.
Expressed in tons, the February sales
Of the corporation were estimated at
412,767. Average weekly tonnage sales
for Febyuary were 103,192. For the
four week period ending February 81.
sales Of the corporation amounted to
69.860,876. Average weekly sales In
February were S1Tz65, ,2l9..
trf the total sales for the fiscal year
ending February 27, 1882. Total sales
for the year ending February %, 1881,
amounted to sl,o65, ,806, 1856.
N. g. w. Assets Now S11,I08,822.
Reporting to the Interstate Com
merce Commission, the Norfolk g.
Western Railway Co. shows current as
sets of S11,1o8,822 as of January l,
1882 compared with 81, 1853 ,23O at the
end of January 1881, while current liza
bilities were $3,565,61 against $4,689,-
538 year ago. Investments in stocks
and bonds, etc., other than those of af-
hliated companies amounted to $35,-
016,276 against $44 4,149,597 at the end
of January, 1881, and the funded debt
maturing within the next six months
was $3,555,000 against $8,505, 900 in the
preceding year.
The Interstate Commerce Commission
has been asked by the receivers of the
Florida East Coast Railway for ap-
proval of loan Of $918,375 for a three
year period from the Reconstruction
Finance Corporation. in order to pay
interest and principal on maturing
equipment certificates.
Today's Trading on Exchange.
Bonds were in the best demand when
trading opened the weeks business on
the Washington Stock Exchange today.
The first three sales were in Washing
ton Gas IS, series A, each 81 900 trans
fer being made at par AS these bonds
mature in 1888, quite a good many
holders are parting with them at par
and buying other bonds which they
believe have good opportunity Of ad-
vancing.
Capital Traction IS recorded a 81 900
sale today at 81, about the same price
at which other recent sales have been
made.
In the stock division the first sale in
several weeks was recorded in National
Mortgage g. Investment preferred, when
SO shares changed hands at 3. The
last previous sale in this issue was
made at 334.
A small sale in Mergenthaler Limo
type was registered at 43, ex-dividend,
and 10 shares of Potomac Electric
Power per cent preferred were strong
at 112
Emerson's Bromo-Selzer "a" has been
added to the stocks now quoted ex-divi-
dend.
Heard in Financial District.
Although the special apti-hoarding
drive in Washington has been conclud-
ed, local bankers expect a good many
more requests for the baby bonds" as
well as the redepositing Of funds in
savings accounts. 80 .-r
Unusual interest was manifested In
the local New York Stock Exchange
Offices In the opening Of Kreuger &
Toll stock following the death Of, the,
match king" 1t was after 1890 be-
fore it appeared on the translux, OF
over So a share.
Eppa Hunton, jr, president Of Rich
rnond, Fredericksburg & Potomac Rail-
road, who died March S, left an estate
with an estimated value of $3.50 900.