Evening star., 1936-02-02
Several Hundred From D. c.
Expected for Baltimore
Session Wednesday.
]. E, McC0MBS TO HEAD
CAPITAL DELEGATION
Retail Trade Retarded Here by
Cold-Drops IA Per Cent From
Previous Week.
Nv EDWARD C. STONE.

0nCe leaders are expecting 10 dJteIlu
the Eighteenth annual Life Insurance
Congress of the District of Columbia,
Baltimore and Allegheny County as
sociations, at the Lord Baltimore
Hotel, Baltimore, next Wednesday,
opening at am.
j. E. McCombs. president of the
Washington association, will head the
delegation from the Capital and Paul
H. Primm, general chairman, will pre-
side at the afternoon session. while
Fred L. Wells. associate general chair
man, will conduct the morning pro-
gram. F.. Bowie Addison is president
Of the entertainment association.
The morning program will be fea-
tured with an address by Carroll B.
Merriam, member of the board of the
Reconstruction Finance Corp, who
will speak on Life Insurance From
a Business Mans Standpoint" At the
afternoon session John D. Wright.
assistant trust officer Of the Equit-
able Trust Co. of Baltimore. will
speak on Taxation in Relationship
to Life Insurance" Inspirational
addresses will be delivered by AleXan-
der Patterson, general agent. Penn
Mutual at Chicago; Robert N. Wad-
dell, general agent, Connecticut
Mutual, Pittsburgh and George E.
Harris of the Mutual Benefit Life,
Washington. An open forum will be
conducted by Warren K. Magruder,
general agent, Connecticut Mutual
Baltimore.
The following committees have been
named from Washington: Registra-
tion-Claude A. Cook, chairman;
John E. O'Brien Robert c. Merritt
Stanley H. Gettis. Transportation
Edward D. Hill. chairman; Alton G
Grinnell j. L. Maphis, Carl B. Balluff.
Luncheon-Theodore w. Cook, chair
man: Paul D. Sleeper, John H
Snyder. Publicity-H Gordon Ed
monds, chairman. Harry H. Palmer
Entertainment-Char I. Haycraft,
chairman: K. w. Lafferty, r. w.
Griswold. Finance-Charles w.
O'Donnell, chairman; Blanche Weaver,
Loren L. Cluster. E. Leslie Hardisty.
Speakers-John P. Lynch. chairman;
George B. Farquhar, A. Dudley
Carpenter.
Trade Remains Above 1885.
Under the retadring influences of
bitter cold weather in Washington,
retail trade slipped back IA per cent
from the previous week. but remained
1863 per cent above the same week
last year, the Department of Com
merce reported yesterday in reviewing
business conditions in 80 important
cities. During the last week bank
clearings trailed the previous week
but were 26.6 per cent above the 1885
week.
The value of building permits, in
cluding a $l50000 public school build
ing, contained to climb, registering
40 per cent increase over the previous
week and also being 9l2 times greater
than in the same week year ago
Tourist business was behind the pre-
vious week, but much better than in
the corresponding week last year.
Business was generally better in the
whole fifth reserve district. Bank
debts were higher than a year ago
in Richmond; retail trade, bank debts
and bank clearings were higher in
Norfolk than last year. Baltimore re-
ported q pickup in wholesale orders
for Spring merchandise. The rise in
building permits in Washington was
considered one of the outstanding de-
velopments. In most of the other Is
cities conditions were about seasonal.
Traction Bonds Popular.
Capital Traction SIS were in good
demand on the Washington Stock Ex-
change yesterday, two $500 sales,
one $1,000 and $500 transfer being
recorded at 914. unchanged from
other recent transactions. At present
these bonds are among the most active
on the board. City and Suburban SIS
registered $1,000 sale at Sc.
Mergenthaler Linotype stock closed
the week with three small lot sales
at ~. The stock hit 48 during the
week and sold still higher in Boston
It has been the most interesting stock
on the list for several days. It sold
higher each session for about two
weeks, climbing to the highest mark
since the beginning of the depression
Final bid yesterday was 46s4 with 4a
asked.
Other sales yesterday were in Capt.
tai Transit, 10-share lots changing
ownership at 1914. closing with IL
bid and - asked. So far this year the
stock has been at q standstill, recent
reductions in net earnings due tt
mounting operating expenses being thu
cause. Very widely held in the city
much Of the present stock was bought
around 500 q share. .t
Financial District Gossip.
Edgar B. Rouse, who is well known
in the financial district, has beer
elected q vice president in the invest.
ment firm Of Robert c. Jones g. Co.
In the Shoreham Building. Robert
c. Jones, head Of the firm, left the
city yesterday for months vacation
In California. "A.
George M. Ferris, Of the investment
company Of the same name, has re-
turned from q weeks business trip
to New York
G. Bowie Chapman, manager of the
Washington Offices of Laidlaw g. Co.,
Is back from a Winter cruise to Nassau
The higher margins in effect yester-
day were hardly mentioned in the
board rooms here, and evidently had
little bearing on trading.
nm TOMS m LEAD SOLD.