Evening star., 1939-04-18

ern Mutual Life H. Cochran Fisher.
Insurance Co., vice president; John
Cleland, Penn Mutual Life 1nsur-
ance Co.. ecretary-treasurer, and
j. Alan Maphis, Equitable Lie AS
surance Society, chairman Program
Committee.
Reports of committee challmen
and officers showed the steady prog
ress and growth of the local chapter
during the last year.
Building Association Grows.
Reporting an increase in assets
of over 18 per cent during the last
u months, a statement OF the
Northeast Building Association,
dated April /, reflects total resources
of S1,369,554. According to Schuy-
Ter S. Symons, secretary. the asso-
citation has over s1,2Soooo invested
in real estate loans. Dividends
paid since April, 1888, amounted to
$46.914. with the surplus and earn
ings in excess of S60500. North
east Building was established in
1916.
The Washington Office of Railway
Express Agency has received word
that gross revenues from air express
in February increased 26 per cent
over February, 1888 February ship
ments for the whole system showed
a gain of 1914 per cent over the
corresponding period last year. Out
bound shipments from New York in
creased 19 per cent in February,
compared with last year, the report
said.
The April meeting of the safe de-
post section of the District Bankers
Association will be held Wednesday
evening at 8 o'clock in the board
room of the American Security &
Trust Co. This will be the next to
last meeting of the year and several
important matters are on the pro-
gram. Chairman P. C. Brady will
preside.
Record Trading on Exchange.
Capital Transit stock reached liz
on the Washington Stock Exchange
today, the highest point in many
months. The turnover was Is shares,
with final bid of II, and u asked.
Washington Railway e. Electric As
were in heavy demand at l012, while
Capital Traction 5s also were strong
at 81 and Ola. Potomac Electric
Power stock issues were strong at
recent levels.
Gen. Robert E. Wood. chairman
of the board of Sears, Roebuck g.
Co., has taken over his new post
as aide and adviser to Secretary
Hopkins. He will serve for pre-
liminary period Of four months,
without official capacity. and is ex-
pected to be one of the Department
of Commences business contacts.
With sizable gains for each month
of the year, the Phoenix Mutual
Life Insurance Co. of Hartford re-
ports 80 per cent increase In paid
business for the first quarter of the
year, according to L. H. Rigglcs of
the local agency. Mr.. Riggles stated
that the March gain in this respect
was 26 per cent. Insurance in force,
considered the most important
measure of progress, shows first
quarter gain of $7,250,000, almost
double the increase recorded in the
first quarter Of 1888.
Heard in Financial District.
Washington Gas Light preferred
stock, now selling around 1852 on
the Washington Stock Exchange.
was selling at 80 in April year ago.
The American Businessmens Club,
composed of young Washingtonians,
will hold a dinner meeting at the
Hay-Adams House tomorrow eve
ming.
The Pennsylvania Railroad re-
ports for the first two months of this
year earnings equal to 7 cents
share (par value $50 against net
loss of $3.50 $50 in the like period
year ago.
In the first quarter of the year
sales of general merchandise in small
towns and rural areas were II per
cent above the same 1888 period,
the Commerce Department reports.
Maryland's 1888 tobacco crop,
which is now being shipped to ware
houses preparatory to the opening
OF the market May !, is estimated
at $4,000 hogsheads, an increase of
about 10000 over the 1897 crop.