Evening star., 1937-04-21

e OH, horseshoe II r ,,or.rorr
bit h ing and
pther sports, with suitable prizes
awarded the winners. The election
of officers for next year will also be
q feature of the program, second only
TO the annual dinner.
President Montgomery states that
the club now has the largest member
ship since it was founded. There are
u 10 active and associate members. The
Outing Committee has decided that
there must be a limit to the guests
members can take this year, as last
years turnout overtaXed entertain
,nent facilities Officers of the Bal
fimore Bond Club will be special
guests, as they are every year.
Transit Payments Up S22S000.
Transit Lines, a publication of the
Capital Transit Co., says that the re-
cent pay advances will affect $500 en-
ployes of the Capital Transit family
and will lift the pay roll and social
security tax payments by about s22S,-
900 Of the increase 1921, 900 will go
TO employees and the rest to the Gov
ernment for "old-age" benefits which
the company calls "a savings account
for the benefit of employees
The increase affects all trainmen
and bus operators and other employees
On an hourly basis in shops and ga
sages. The increase was 3 cents an
hour for bus and one-man car operators
and cents for trainmen operating
bo vii,
rate for the former "a cents and the lat
ter 81 cents. The annual pay roll and
social tax payments will now take So
per cent of gross revenues, the COM
peny says.
This is the second advance in wages
in two years, the other being granted
in 1885. Together they put the total
pay roll more than Sl,000,0 900 above
the figure reached previous to that
time, Transit Lines adds.
Insurance Firm IS Years Old.
Washington representatives of the
John Hancock Mutual Life Insurance
Co. went to Baltimore today to listen
TO telephone message by President
Guy w. Cox, broadcast over what was
claimed to be the largest network ever
set up for a telephone talk. so 900 miles
of wire reaching 1863 Offices in the
United States and across the Pacific
TO Honolulu. The occasion was the
T5th anniversary of the founding of
the company, the charter being signed
on April 81, 1852, with the home Office
In Boston.
The first mutual life insurance COM
pany in America to write the weekly
premium form of industrial insurance,
the John Hancock organized its in
dustrial department in 1879. In the
10 years following the organization
of this department the companys in
come increased from s454,00 to ST.
$4,000.
The seventy-flfth anniversary finds
the company within sight of the
billion-dollar mark in assets, and has
insurance in force of over 50 900, ,000,-
900, or more than 100000 persons.
Rural Retail Sales Soar.
Daily average sales of general mer-
chandise in small towns and rural
areas for March were about 18 per
cent higher in dollar volume than for
March, 1886, and were almost 80 per
cent above those for the same month
of 1885. These changes were revealed
by preliminary estimates of the Bureau
OF Foreign and Domestic Commerce,
based on rural chain store and mail
order sales.
Sales for March increased consid-
erably more than the usual estimated
amount at this season of the year.
The seasonally adjusted index rose
to 126 for March on the basis of
1928-31 as 100, from 1882 for Feb
ruary.
Sales for the first quarter of the
year were about IA per cent above
those for the same period of 1886.
Today's Trading on Exchange.
Mergenthaler Linotype sold at AZ on
10-share transfer on the Wash
ington Stock Exchange today. Fifty
shares of Real Estate Mortgage &
Guaranty preferred appeared on the
board at 5A, same as the last pre-
vious sale. Due to rain or some
other cause, trading was very light.
The Atlantic Coast Line estimates
an increase of about so per cent in
citrus fruit shipments in the 1885,
81 season, compared with a year
ago.
Chesapeake g. Ohio Railroad earned
$1o6 on common stock in the first
quarter of 1887. compared with $l.20
in the March quarter in 1886.
Brokerage houses here are "all set''
for the change to daylight time and
the o'clock opening next Monday,
which continues until Fall.
New York, Philadelphia and At
1anta Reserve Banks are among those
going onto daylight time, moving up