Evening star., 1935-05-23

asso alton for y. McCombs.
years. =,
Laurence H. Riggles, Phoenix Mutual
Life Insurance Co., was elected first
vice president; Earle w. Sapp, general
agent New England Mutual. second
vice president; Charles w. OConnell,
general agent Minnesota Mutual Lie
Insurance Co., treasurer, and Joseph
A. Barbeau. agent Acacia Mutual Lie
Insurance Co.. secretary.
F. George Clendaniel, retiring presl-
dent, will serve on the board OF dlrec-
tors during the coming year. together
with P L. Rogers, Dwight w. Scott
and George T. Black, who have been
on the board, and three new directors
elected yesterday, Earl w. Sapp. Yer
non w. Holleman, general agent
Home Life of New York, and Thomas
r. Crowley. one of the general agents
of the Penn Mutual.
Insurance Goal Far Exceeded.
The total of s5,155 900 written here
In the six-day drive involved 1.7ol ap-
plications. The goal had been 1000
It was announced that the team cap
tanned by Freedman N. Stricklan cap
tured first honors by securing LOG ap-
plications. this team including:
S. H. Gettis. Leo D. Wells, j. w
White. w. c. White, c. o. Whitmore.
WI. Whitson. Robert Wick. E. o. Wlel-
and, Abraham Wiener. Willie T. Will
lians. William A. Willis, Bernard l..
Wilmer. Morton H. Wilmer, c. M. Will
son. Graham E. Wilson, Maj. Guy
Withers. Alexander Wolf, jr. Miss E.
r. Wolfe. E. Wolverton, Claude E.
Wood. H. c. Young. Nathan Ben
watkin and D. w. Zook.
On the IS teams, No. 19, Capt.
Lynch, won second place with u
applications. and No. 81, Capt Nichols,
won third honors with 10 applica-
tions. Individual prize winners were
also announced at the victory lunch
con, first prize being carried of by
Mai. Guy Withers. Equitable Life As
surance, who obtained 80 applications
during the week; Sidney Simon. New
york Life, second with 90 applica-
tions. and Ellis Silvertone, Metropol-
itan, who came third with "a apph-
cations. Special prizes were awarded
these three men, amid great applause.
In addition to these topnotchers,
the following wrote IL or more new
applications during the week: l.. D.
Carroll, Mutual Life of New York; S.
H. Gettis, Fidelity Mutual; Blanche
Weaver, jefferson Standard; Claude
A. Cook, Equitable Life Assurance;
c. Moore, Prudential; George E. Har-
ris, Mutual Beneficial of New Jersey;
r, A. DuFour, Massachusetts, Mutual;
]. H. Horrigan, Penn Mutual; Roy E.
Hughes, Equitable Life Assurance; M.
II. Naiman. Metropolitan, and Frank
D. Roach, Mutual Beneficial of New
Jersey.
A list as long as the moral law
was also reported at the luncheon
of those who had written six or more
applications during the week. Pres
ident Clendanial presided, four hun
dred of the city's leading agents being
present Winthrop Batchelder was
general chairman, who expressed graf
ltude for the remarkable cooperation
displayed in the big campaign.
Lanston Asks Registration.
The Lanston Monotype Machine CO.
has filed an application with the
Securities Exchange Commission ask
Ing for permanent registration. 1t was
announced at the Washington Stock
Excr/nge today. The application
covers the company's common stock.
which is listed on the exchange here
and Is an active issue. The stock went
to go following the recent annual
report.
About 10 of the leading corporations
having securities on the local exchange
have filed their applications with the
Securities Commission. The appli-
cations are expected to be in by June
1, as the permanent registration law
goes into effect on July /. Corpora
tions having securities on the ex-
changes all over the country are now
rushing their applications to Wash
ington. The commission has hinted
that the date for filing may be ex-
tended, but the date for the perma-
nent registration law going into
effect cannot be changed.
Many corporations have complained
over the expense involved in filing
these applications with the commits
sion. The amount of information de-
manded requires great deal of re-
search. The information gives the
commission and the investor an ex-
haustive summary of every company's
condition, but the cost has caused a
tremendous amount of grumbling
from coast to coast, regardless of the
improved standing which the cor
porations receive from registering.
Heard In Financial District.
Barber & Ross 6la per cent bonds
received all the trading attention on
the Washington Stock Exchange to-
day, $500 changing hands at 20 Bid
and asked prices on other issues re-
mained practically unchanged. Capt.
tai Transit stock was quiet today,
closing with 14% bid and 1914 asked.
Effective July l, the rate on savings
deposits in Baltimore banks will be
reduced to per cent on the first
$1,000 and l per cent on all balances
in excess of that amount. At present
the rate is 2 per cent on the first
$4,000 and per cent on the balance.
The Washington Office of G. M. P.
Murphy & Co. will be well represented
at the District Bankers Association
Convention, the entire managerial
staff planning to attend, Charles Car
roll Morgan, A. Chester Flather and
John E. Parker. At previous conven-
tions Carroll Morgan has carried OF
some very high tennis honors.
The Chesapeake & Ohio Railway
reports for the four months ended
April 80 net income of $8,262, ,548 after
taxes, charges and sinking fund ap-
propriations, equal after dividend re-
uuirements on 61s per cent preferred
stock to SLOT share (par $3.50 on
7,653,622 shares of common stock.
This compares with $9,127.475, or 81. 8
q share on 1858 1894 common shares In
first four months Of 1884.
Daily average sales Of chain grocery
stores in April, 1885, showed an in
crease of about per cent In dollar
volume over April; 1884. and were
about ~ per cent above March. 1885.
the Department of Commerce reports.