Evening star., 1938-11-22

mOQuQ CIllS year, Will AuBuot otd1Aet-
ing second in output. The figures
show that the full years total is
certain to be far ahead of 1887.
Comparisons for the 10 months
under review follow:
Month. 1888. 1897.
January -6O,6 ,62s,513 55,OO8,55
February --- 57,871 1893 52,776.655
March 57,259,643 52,7O4, ,429
April 57,O93,2 ,29O 5l,3930 092
Nav 57,2O6,38 5O,6O9919
June 59,O18,524 54,856,858
.Iulv 1856 ,228 56,836 1881
August sc, ,1O5, SOB 59,129 588
September 81 1893 900 $4,000, ,lO6
October 60,O87, ,584 54,843,575
Virginia Life Insurance Up.
Virginia life insurance agents
came within S per cent Of writing
as much new business in October
this year as they did a year ago,
policies amounting to s7,17S,000. In
the first 10 months $66,370,0 900 was
written, IA per cent under the 1887
mark.
Maryland agents wrote $3.50, 900
in October, which was 13 per cent
under last year. In the 10 months
sales reached ST., ,152 900, a drop OF
l6 per cent from the like 1887 period,
according to Hartford reports.
Business in West Virginia was of
Is per cent in october and % per
cent in the 10 months compared
with 1887. Business which totaled
s7,524,0OO in North Carolina in Oc-
tober was down per cent and II
per cent in the 10 months. South
Carolina made better percentage
showing in October, business being
of only per cent, although down
20 per cent in the 10 months.
Insurance sales in Washington,
as already noted, came within 2 per
cent of equaling October, 1887, the
record being the best of any month
this year.
Bank Women Hear Lectures.
Women members of Washington
Chapter, American Institute of
Banking, held two very interesting
special meetings recently. Miss
Marjorie Webster, president of the
Marjorie Webster Schools, spoke on
Mental Attitudes" discussing the
manner in which friends are made,
discrimination of interests, develop
ment of appreciation and vision.
Stating that the power of the mind
makes happiness, she urged daily
mental exercises to build happiness.
Importance of an Interest in
Current Events" was discussed by
DIR. Elmer Lewis Keyser, dean of
university students of George
Washington University. DR.. Keyser
stressed the intellectual challenge
of the study of current events, as
well as the social poise gained.
The qualification and enjoyment
stored by mind well stocked with
information on world events is en-
hanced in a democracy where the
citizen has civil obligation to
study current events. DR.. Keyser
recommended regularity in reading
the daily newspapers, supplement-
ed with weekly reviews.
Gas Common Stronger.
Washington Gas Light common
stock is rejecting the strength in
the preferred issue which has re-
Gently advanced to los as holders of
the $8500,000 bond issue, which is
now being paid of, have been look
ing for new investments at as high
q yield as possible with safety
The calling of the bonds and sub
stitution of new issue at lower
rate of interest means a substantial
saving to the company. Members
of the Washington Stock Exchange
gave this as the reason today for
the higher asked price for the COM
mon stock. The last sale in the
common was registered at 1895. The
asked price has advanced to 81,
owners no longer being willing to
part with the stock at the lower
figure.
It is estimated in the financial
district that more than $2,000,000 of
the bonds now being retired were
held in Washington. The money
coming available at this time has
been a great help to investment
houses here. The refunding bonds,
which replaced the old issue, were
sold to insurance companies pri-
vately, so were not available to the
Investing public or to the banks.
Douglas Lauds Exchange Rule.
Self government by the New York
Stock Exchange, with the Securities
and Exchange Commission in a
residual role, was cited in an ad
dress last night by Commission
Chairman William o. Douglas as an
example of how private business
and agencies of the Government
can work together. He said the
exchange had shown statesman
ship in handling many perplexing
problems.
Dan Tyler Moore, jr., formerly
connected with the Washington staff
of the Securities and Exchange
Commission, has been appointed
regional administrator of the COM
missions new Office in Cleveland,
which covers Ohio, Michigan, In
diana and Kentucky.
Next Monday afternoon at 1:15
O'CLOCK Roger w. BabSon Will give
a radio address over WRC on In
ternational Economics" He will
address his remarks, largely to the
businessmen of America.
Charlottesville, Va, awarded to
Mercantile Commerce Bank & Trust
Co. and the Milwaukee Co., at
100.287 for 2As, $339,735 school
bonds, due 1941-68. The issue is
being reoffered at from a yield of
OTIS per cent for the 1941 maturity
to . price of SO for the 1966-68
bonds.
Washington Gas Light preferred
stock again held the limelight on the
Washington Stock Exchange today.
1t opened with two 10-share sales at
los, unchanged.
The stock then dropped to 104h
on a 50-share sale, followed by 4
IN s1.o~o 1~k nk l,n