Evening star., 1937-05-10

Washington have revealed improve
ment so that the small decrease will
soon be made up. With check trans
actions, telephone service depart
ment store sales, outputs of electricity
and gas, all showing steady expan-
sion, postal receipts are bound to
keep in line. Compariso.s covering
the first four months of 1887 and the
like periods in 1886 are as follows:
1887. 1886.
January ------ s577,503 s612,5s3
February --------- 581 1893 578,OO5
March --------- bo5,94b b0l,OI1
April ----- 615,897 634,837
Business Gains Forecast.
In predictions covering Maryland,
West Virginia and other States, it is
forecast by BrooAnire Bulletins, Inc,
that consumer income will be 19
per cent better in the next six months
than it was in the same six months
in 1896.
Brookmire also makes a prediction
that consumer income in the next
six months in Virginia and the Caro-
linas will be 20 per cent better than
last year. The income outlook con-
tinues to favor relatively active retail
trade, the review and forecast says.
Referring to Washington alone,
Brookmire says that bank debts in
March were 26 per cent better than
in March, 1886, and that building was
up 49 per cent. The reports are in
line with those made by the Fifth
District Reserve Bank, adding further
proof of the generally favorab BILE con-
ditions. The most interesting feature
an the summary is that these condi-
tions are expected to continue for
several months.
Atwood Lauds Insurance.
Albert Atwood of Washington, finan-
cial writer for the Saturday Evening
Post, told the Michigan State Life
Underwriters Association the other
day that life insurance remains the
largest single means of saving for a
very large portion of the people.
The abolition of poverty, he said
is not chiefly matter or legislative
or judicial fat; it is a long, protracted,
gigantic effort of work, technology
invention, industrial enterprise, indus
trial leadership, industrial organiza-
ton, price systems, corporate policy
and hundred other factors. It de-
pends upon education, health, climate
indeed, upon the whole complex Of
civilization.
It is amazing, he added, how much
people can and will do for themselves
Through life insurance, savings de-
posts and trust funds, the building
and buying Of homes, investing in
mortgages, bonds and stocks, through
forming little business enterprises
such as stores, service stations, ga
RACES, machine shops and beauty par
1ors, through the operation of farms
Stock Set at s1OO Per Share.
Doctors Hospital, Inc of Washing
ton, engaged in the construction and
operation of hospital to be located
here, has filed a registration state
ment with the Securities and Exchange
Commission under the securities act
covering 1000 shares of common stock
$l0O par, to be offered at S10O per
share. The proceeds will be used
mainly for the purchase Of land, fol
building and equipment, the state
ment says. No underwater was named
in the registration papers. The regis
tration refers to the new and very
extensive project to be carried out on
l street, which was recently an
1ounced.
Two Governors on Program.
1t was announced from White Sui
phur Springs today that the Gov
ernors Of both Virginia and West
Virginia will speak at the opening
OF the joint convention of the two
State bankers associations at the
Greenbrler Hotel, on June "a. One
whole day will be devoted to public
relations, j. Harvey Wilkinson. Rich.
mond banker, in charge. William R
Riggs. vice president of the Bank OF
New York & Trust Co., will discuss
customer relations in the investment
fields. President M R. Morgan O,
the Virginia association will be the
banquet toastmaster. Another speaker
already announced will be Vice Presi.
dent Philip A. Benson of the American
Bankers Association.
Huge Balances Sent Abroad.
Americans dealing through New
York banks sent sl42,OOO,OOO of banl
balances to England, France. Italv
Holland and Switzerland during thu
40 weeks between the time Presiden
Roosevelt embargoed gold exports il
1888 and the time when he revaluet
the dollar in 1884.
These figures on the exodus O
American capital in the period O
monetary readjustment here were re-
vealed for the first time in the cur
rent issue of the bulletin of the Boart
OF Governors of the Federal Reserv,
System.
Insurance Week Plans Pushed.
Members of the District Life Under
writer's Association, Laurence. H
Riggles. president, are pushing plan
for national Life Insurance Week.
which starts on May II. Earle W
Sapp is general chairman; j. E. Nc
Combs, regional chairman; Joseph A
Mari, associate regional chairman
and Harold D. Kraft, chairman TO
the District Of Columbia. The annua
breakfast meeting will take place a
the Willard Hotel next Monday morn
ing. An elaborate exhibit is being ar
ranged at the Department of Com
merce and special advertising cam
paign in the local newspapers is alst
a part Of the program.
Today's Trading on Exchange.
First sales in Lincoln Service Corp
preferred stock, since the issue wa,
listed on the Washington Stock Ex
change last week, took place today
two 10-share lots changing hands a
SO, Five shares of Capital Transi