Evening star., 1938-08-24

He was 2radu-
ated from Williams College in 1919.
having left the campus in 1918 TO
serve IN naval aviation dming The
World War. He received his early
education at Berkshire School. which
he now serves as a trustee.
Interest to Be Paid.
Notice has been sent to Chandler
Building noteholderS that 4 per
cent interest payment. as of August
"a will be paid at the Office of Law
renee J. Heller. sos Colorado Build
Ing, between the hours Of 10 and 4.
Mr. Heller and Rudolph B Behrend.
receivers for the property located at
1927 I street. report that $4,000 in
overdue taxes have been completely
paid since inception of the receiver
ship. the building is 100 per cent
occupied and overdue interest has
been reduced to around per cent as
q result of annual payments of 8
per cent The $4,000 in back taxes
has been paid entirely out of current
income. and in addition the building
has been we'll maintained.
~. y. IOilCleS IN Lead.
The average size Of insurance pol
ices sold in the District of Columbia
in the first six months of 1888 vas
$3ll7, higher than for any other area
in the Nation, according to the Life
Insurance Sales Research Bureau of
Hartford, Conn
The new average however was not
as large as the Capitals record of
s327S set in all of 1887. This also
was we'll ahead of other sections. The
average for Maryland in the six
months was s2787, second highest in
the Nation, New York was third with
S2,752; Delaware. fourth with S2.739;
California. fifth with s2,577. The Vir-
glnla average was S2363
For the entire Nation. the average
was S2363 in the first six months of
1888 and s2.326 in all of 1887.
New Highs on Exchange
Two new 1893 highs were set on the
Washington Stock Exchange TODAY
when 10 shares Of Prince Georges
Bank e. Trust Co sold at l7l2 and 100
preferred shares of Real Estate Mort
cage 81 Guaranty sold at 59s Two
shares of Woodward & Lothrop COM
mon moved at 81 p
After the call. one share of Wash
ington Railway e. Electric preferred
sold AT III. Ten shares of Potomac
Electric 6 per cent preferred sold at
ll412 and one share of the same COM
pany's 5i2 per cent preferred sold at
ll3l2.
In its current monthly review of
business and commodity conditions.
Montgomery Ward e. Co, referring to
retail trade. remarks that with the
recent change in business sentiment.
the outlook for fall has been improved
and losses against year-ago levels will
be smaller than previously was ex-
pected. A reversal of the downward
trend IN retail prices is also likely"
r. & o. Plan Hailed.
Financial circles in this city where
there are large holdings of senior and
junior issues of the Baltimore e. Ohio
Railroad. expressed satisfaction with
the agreement announced yesterday
between the directors of the road and
large insurance companies and savings
banks for a voluntary reduction in
interest rates paid on its bonds.
An official of Washington insur-
snce company, the largest institutional
holder of B. &, O. bonds here, said that
the plan mitigates against recourse to
bankruptcy and assured. al least for the
present, the regular payment of inter-
est, though at lower rate. Under the
proposal the company would meet in-
terest and principal obligations in full.
deferring some part of its interest
payments for period of about 10
years. Brokers said that scaling
down of both Indebtedness would re-
duce materially the fixed charges of
the carrier
David Bornet, vice president of the
National Savings e. Trust Co., left
today to get his son. who has been
spending the summer at camp at
Bracknev, Pa. He plans to return in
several DAYS
Claude v Hyson. Van T. Smith and
]. Gordon White of the Mutual In.
surance Agency, Washington repre-
sentatives of the Lumbermens Mutual
Casualty Co.. are in Chicago attending
the second week of the Lumbermen's
tWo-week training course for agents.
Frank r. Ullmer. treasurer of the
National Savings e. Trust Co. returned
today from a Today vacation.