Evening star., 1935-10-17
INSURANCE EXPERT
WILL SPEAK HERE
R. B. Hull, General Counsel
of National Association,
on Program.
BY EDWARD C. STONE.


Roger B. Hull, general counsel of
the National Association of Life Under
writers, will address the first Fall
luncheon meeting of the District
Underwriters Association at the
Willard Hotel one week from today
President J. E. McCombs announces.
The association has completed elab-
crate plans for the years monthly
sessions.
Mr. Hull was formerly assistant at
torney general of Puerto Rico and
special counsel to the Insular Public
Service Commission, special assistant
to the Attorney General of the United
States and general attorney for the
New York Railways Corp. AS a major,
he made a fine record in the World
War both at home and overseas in
France.
At next weeks meeting President
McCombs will name the permanent
chairmen of all committees to serve
the association this year. This list
will include the names of many of the
leading life insurance men in the
Capital.
Nine Industries Top Upturn.
The economic recovery has been led
by of the 81 basic industries, a
survey by Standard Statistics reveals.
These nine industries have forced pro-
duction to a level more than rs per
cent as great as postwar record highs
The nine industries leading the re-
covery include Woolen consumption
rayon consumption, cigarette output
electric power output, shoes manu-
factured. petroleum output, sugar de-
liveries and cotton consumption.
The consumption of wool this year
Is now expected to pass the high mark
back in 1922. Rayon consumption
and cigarette output will be almost
the same as the wartime high marks.
while electric power, the shoe and oil
industries will do almost as we'll this
year as in the best years in the war
period, the survey states
Lecture Series Planned.
James D. Cushman, dean of Co.
lumbus University, 1928 Eighteenth
street, announces that a course of Is
lectures on Operation and Regula-
tion Of Stock Exchanges" will be given
at the school, beginning October %,
provided there is sufficient registration
to warrant such action. The lecturer
will be Albert A. Carretta, formerly
instructor in finance at the College
of the City of New York, now a sta
tistical expert with the Securities and
Exchange Commission.
The Investment Bankers Confer
ence Committee, 1910 Vermont ave-
nue., Frank L. Scheffey, director, which
is cooperating with the Securities
Exchange Commission in furthering
fair practices among investment deal
ers, has program distinct from that
of the Investment Bankers Associa-
ton, although many such bankers
are supporting the work The con-
ference members expect to assist the
commission in handling certain COM
plants among investment dealers and
eventually do good deal of the work
formerly assigned to the code COM
mittees Letters from the commission
indicate welcoming of their
assistance.
Uniformed members of the Red
Cross are located in the lobbies of the
banks this week in connection with the
annual membership drive. They ap-
pear to be signing up many new
members.
Lincoln Service Dividend.
Directors Of the Lincoln Service
ha or11r Ji,-j-
dend on the per cent cumulative
preferred stock, payable November l
to stockholders of record September
80 Heretofore, dividends have been
paid semi-annually.
President Charles Delmar reported
that the third quarter showed a con-
tinued increase in business of the
corporation and its operating units, a
gain of 83.5 per cent over the like
period last year. Earnings are now
the highest since operations were
started in December, 1881, while COL
lections for the quarter ending Sep
tember 80 were most satisfactory
Lawrence B. Campbell, trustee, Ma
tional Press Building Corp, has sent
notices to the bondholders, creditors
and stockholders regarding the recent
court confirmation of the reorganiza-
ton plan. He also announces that
the committee of which George Ram
sey is chairman and the committee
OF which James M. Johnston is chair
man, known as the Washington Com
mlttee, and all other protective COM
mittees have approved the amended
plan and will advocate its final con-
firmation on October %.
Wardman Trust Is Extended.
At meeting at the Wardman Park
Hotel yesterday of voting trust GER
tiflcate holders of stock of Washington
Properties, Inc, it was voted to ex-
tend the voting trust agreement under
which the several properties have been
managed for the past three years. for
period of another three years from
November /, 1885.
Certificates representing 26.4O3
shares voted in favor of the extension
OF the voting trust agreement, and a
certificate holder representing 20
shares voted against such extension.
There are outstanding voting trust
certificates representing 4O,132 shares
Of stock.
The meeting extended for an aodi-
tional period of three year as voting
trustee the present incumbents, Arthur
Hollen, George c. Shriver and Frank
Stetson.
Today's Trading on Exchange.
Capital Transit stock moved from
18 up to 1874 on the Washington
Stock Exchange today. The asked
price was also boosted up to 10 at the
close. with the final bid 1874.
The rest of the days business was in
bonds Two $1,000 sales in Capital
Traction IS were recorded at 9712,
while Washington Gas IS, series B,
figured in baby bond sale at 1901
The Chesapeake & Ohio Railway
reports for nine months ended Sep