Evening star., 1938-02-24

compared with decrease of - per
cent in the January average for the
whole country. January business in
the United States tota,ed SAGA, 3,s15, 900
Maryland agents wrote S7,43l 900
in January, l per cent less than in
January a year ago. Virginia agents
turned in new policies totaling S6.744,-
900, within 5 per cent of last years
January mark. West Virginia. with
$3,762,000, was down 19 per cent from
1887. North and South Carolina sales
were more than 25 per cent under the
records of January 1887
The Hartford report reveals that
the drop in the national average was
largely due to decline in business
in the East, especially in New Eng
land where sales averaged a decline
of rs per cent.
Fisher Named Committee Head.
Paul D. Sleeper, president of D. c.
Chapter. Chartered Life Underwriters.
has appointed H. Cochran Fisher
chairman of committee to organize
the annual dinner to be given on
Friday, March ls, at the Carlton
Hotel
Mr.. Fishers committee is composed
Of the following underwriters: John
B. Cleland, jr.; Richard W. Griswold,
Bernard Wilmer Joseph A. Mari, who
are In charge Of the guest list. Harold
D. Kraft, in charge of arrangements
and porgram, and Russell Shelk. pub
Icity.
The feature of this years dinner,
to which business and professional
leaders will be invited. is to be an
address by DR.. S. S. Huebner, presi-
dent OF the American College of Life
Underwriters, on Life Insurance. a
Multiplicity of Services to Policy
holders"
DR.. Huebner is considered to be the
Nations outstanding educator in life
insurance. Washington underwriters
expect his address to be Of great
value, especially to the iasuring public
Many u. c. Banks Join in Lean.
Approval by the Public Utilities
Commission OF the 1891 900 loan by
the Capital Transit Co. for use In tine
purchase of so new streamlined street
cars and % new buses will be partici-
pated in by some Is Washington
banks. according to reports in the
financial district. This is the second
time a group of banks in the Capital
has made a substantial loan to the
transit company, the other amounting
to sl,5oO,oOo
In addition to the so new street cars
ordered recently, the Capital Transit
Co. in the past four years has bought
65 new street cars. costing Sl,082 900.
The company also bought so street
cars from Providence. R. l.. and re-
conditioned them at cos, of s238,0O0,
during the same period, spending
S236,000 in improvements to other
street cars.
Since the merger in December. 1888,
officials report that the company has
retired from service 1873 street cars
Some OF these were purchased Is
years ago and cost $4,000 The so
new cars no, being built will cost the
company about $4,000 each. They
will be like the streamlined cars on
the Fourteenth street line or the ones
on the Friendship Heights line, which
are SO popular on account of their
wide doors. The new buses will arrive
ahead Of the new street cars.
Credit Men Arrange Fete.
Members Of the Washington Asso-
citation of Credit Men will hold the
annual midwinter banquet at the
Mayflower Hotel this evening, the
dinner to be followed by busy pro-
gram and dancing The General Com
mittee includes:
William J. Mileham. Mrs. E. J.
Hess, Humphrey Lloyd, Stuart S.
Ogilvie, E. S. Rowzee. Gordon Fletcher,
w. A. Bowman, L. NJ. Hewlett, Mrs.
Nancy Raymond, Mrs. Davies, Earl
A. Brown and W. j. Tastet.
The committee has invited the
credit manager of every member firm,
as well as executives who are directly
interested in credit affairs.
Odd-Lot Sales Under Study.
On Friday and Saturday OF last
week, and again on Monday, odd-lot
sales on the New York Stock Ex-
change exceeded purchases. This ex-
cess of sales over purchases for three
successive days is held significant.
Ever since the Securities and Ex-
change Commission began publishing
odd-lot transactions last June there
have been only few instances where
sales have exceeded purchases.
It was reported here today that the
commission is giving thi matter spe-
cial study to find out the cause and
see what bearing the situation NAV
have on short selling since the new
rules were put into effect on Fberu-
ary 8.
Heard in Financial District.
The Washington Office of Gillet e.
Co. is distributing the annual report
Of the Christiana Securities Co., origi-
nally the Du Pont Securities Co.,
which shows earnings of $l19.78 per
share on the common stock tn 1887,
against $118.04 in 1896. The COM
pany has only about 800 stockholders,
many Of whom live in the District.
Fifteen shares of American Security
b Trust Co. stock sold at 245 share
on the Washington Exchange today
washington Gas Light preferred came
out At 99A and IS shares of Real
Estate Mortgage l. Guaranty preferred
moved at ~.
The Domestic Distribution Com.
mittee Of the United States Chamber
Of Commerce held luncheon meetine
at the Hay-Adams House this noon.
Frank r. Curda. president of the
American Institute of Banking, who
attended Washington Chapters ban.
quet Saturday evening. viii attend thu
New York Chapter dinner 11ext Satur.
Gay night. Several Washington mem.
nerR alSn v,i1l he nrAxert