Evening star., 1936-04-21

Washington was far ahead of the
nearby territory. North Carolina
wrote Just the same amount as last
year. Maryland wrote per cent less.
South Carolina experienced per
cent slump, new business in West Vir-
ginia was down II per cent and Vir-
ginia stood almost at the bottom of
the list with an l8 per cent tumble.
New life policies in Washington
totaled SIS 5,6020 900, Maryland reported
s8.347,000 in new business, Virginia,
S5.4ll 900; West Virginia. S3.794 900;
North Carolina. S6.409,000, and South
Carolina, $2483 900. The Middle
Atlantic district, which also takes in
Delaware, Georgia and Florida. re-
corded a total of S45 1865 900 in new
March business.
Washington led all the big cities,
although Cleveland business was up
Is per cent Detroit was up 3 per cent.
Boston. Chicago. Los Angeles, New
York, Philadelphia and st. Louis were
behind last years records.
Robinson Joins Exchange.
T. Baker Robinson manager of the
investment department of the Wash
ineton office of G.. Mp Murphy & Co.,
New York Stock Exchange firm. has
been elected member of the Wash
ington Stock Exchange. it was an
nounced today. He attended his first
session this noon as an active member
Mr.. Robinson is widely known in the
financial district and is a former
president of the Washington Bond
Club Educated in the public schools.
he is a graduate of George Washing
ton University and of the Georgetown
law School and member of the
District bar
With the Union Trust Co. from 1909
20 1917, he resigned to serve in the
United States Navy until 1919. On
returning from the World War he
Joined the local office of the National
City Co. resigning in 1929 to become
partner in the investment firm of
y. E. Booker G. Co. He has held his
present position with G Mp. Murphy
e. Co. since the end of 1888
An increase in business and interest
in the Washington Stock Exchange
has recently resulted in an unpre-
Cedented demand for seats.
Mergenthaler Votes Dividend.
Directors of the Mergenthaler Limo
type Co. declared dividend of so
rents per share at meeting held in
New York today, according to word
received here early this afternoon.
The dividend will be paid May IS to
shareholders of record on May /. the
report said This will be the first
dividend the company has paid since
March. 1888 when a Accent disburse-
rlent was made.
The stock has been widely held in
Washington for many years Years
ago it sold we'll above S100 a share.
Recently it has been selling on the
Washington Exchange above 40. To-
nay it gained full point and closed
st "A. hints of the dividend evidently
being in the air
officials of the company recently
stated that the first five months of
the present fiscal year showed SUBJ
stantial gains in earnings.
Maryland Seeks Bond Bids.
The State of Maryland will receive
bids at Annapolis. Md. at noon May 81
an Sl,500,000 of 3 per cent emergency
reconstruction bonds. dated June l,
1886. and due 1889 to 1851 The pro-
ceeds from the sale of the issue, which
vas authorized at the 1886 special ses-
sion of the General assembly, will be
7lsed for the construction. reconstruct
tion. replacement and repair of roads
end bridges and their approaches and
other property damaged by the food
Of March, 1886
Bankers Meet Tomorrow.
The safe deposit section of the Dis
trict of Columbia Bankers Association
Nill hold dinner meeting tomorrow
at the Raleigh Hotel at 6 pm. having
SIS their guests members of the Mary
land State Safe Deposit Association.
through the Department of Justice
has been planned.
Marshall Straw Wilson has become
affiliated with the John F. Cremen
Agency of the Massachusetts, Mutual
Life Insurance Co. it was announced
today. A descendant of John Marshall,
first chief justice of the Supreme
Court. he is native of Philadelphia.
For some time he was connected with
an advertising firm in Pittsburgh and
during the World War served as
first lieutenant in the 28th Division
and in the Quartermaster Corps. After
the war he returned to Pittsburgh
then Joined construction firm in
Baltimore in 1925. He recently moved
to Washington to enter the insurance
field
Brokerage Offices Crowded.
New York Stock Exchange Offices
in the financial district we're crowded
at the opening today as result Of
last nights heavy close. Customers
was going to sell off further The
market, however. behaved well, some
of the leaders even opening higher.
preventing any "wide-open" break
Strength in Mergenthaler Linotype
vas the feature of trading on the
Washington Exchange today, the mar
ket opening with so shares selling at
43, followed by so shares selling at
43la and so more changing hands
at A. This was by far the most
strength shown in the stock for weeks.
Capital Transit held its own.sfive
10-share lots moving at 1434. Rail
way & Electric preferred sold at 111A
and Ill. Washington Loan & Trust
stock is now being quoted without
the recently declared dividend.
Atlantic Coast Line earned 80 cents
per share on common in the first
two months of this year, against 40
cents in the like 1885 period.