Evening star., 1940-10-23
months in 1889


Nav 66,6lO183 62585 ,972
June 7O976,568 67.298,4 ,425
July 7l,47O,476 6806l ,648
August 79.327,945 7l,537.673
September 71,56O,28l 67365 ,498
Lincoln Service Earnings Up.
Charles Delmar, president of the
Lincoln Service Corp, is distrlbut-
ing an interim report in the flnan-
cial district, as of September 80.
The report covers the third quarter
of the corporation and subsidiary
companies and discloses some sub
stantial gains.
According to the report. install
ment notes receivable made a net
increase of S171941O7 in the three
months from June 80. Total assets
of the corporation increased by
S260.l76.73 in the same period from
$1.6O5 95728 to Sl.666 134.0l.
Earned surplus in the third quar-
ter increased from s7l 1887 to s103,-
512.35, a gain of S32,3384o. In ad-
dition to these figures, the printed
statement shows the per cent divi-
dend on preferred stock was earned
593 times, while earnings per share
on the common stock. computed on
an annual basis. are reported at
S484 per share, before the current
years income taxes.
Banking Students Number 375.
Dollars and Sense, publication OF
Washington Chapter, American In
stitute of Banking. edited by A. E.
Henze of w B. Hibbs & Co. ap-
peared in the financial district today.
Educational enrollments for the first
half year numbered 375, the total
promising to be the largest in many
years.
Studying investments are %
Junior bankers; economics. 25; busl-
ness English, IS; credits. 81; law, 66;
banking, "a; public speaking, Is, and
accounting, Al. The banking and
English classes had to be divided
into sections on account of their
size.
Dollars and Sense also includes
list of the recent chapter graduates
from the institute, covers all other
activities of the chapter, includes
recent promotions in the personnel
In the banks and outlines the busy
programs of the various bank clubs.
The publications associate editors
are F. A. Gibbons, Riggs National;
Richard Ehlis, American Security,
L. K. Irelan and Miss Rose Royce,
Washington Loan & Trust.
President Signs ID. c. Bill.
President Roosevelt has signed the
bill to bring national banks and
their employees Of the District OF
Columbia under the Districts I'm
employment Compensation Act. The
banks of this city now pay the un-
employment tax and their employees
will henceforth receive benefits
under the law. The original Social
Security Act excluded banks
Federal tax receipts from safe de-
post boxes rose to Sl66,l27 in Sep
tember, according to the Bureau Of
Internal Revenue. In the same
month year ago, collections totaled
$146,98O.
Insurance Cashiers to Meet.
Eugene M. Thore, assistant counsel
of the Acacia Mutual Life Insurance
Co., will be the guest speaker at
the first meeting of the 1940-1941
season of the cashiers section of
the District of Columbia Life Under
writers Association, tomorrow eve
ming at the Jackson Place Coffee
Shop. 1876 jackson place
Edgar w. Young has been ap-
pointed general solicitor of the Balti-
more & Ohio r. R., with headquar-
tiers in Baltimore. Educated in
Cumberland, Md, he graduated from
the University of Maryland Law
School and has been with the B. &
o. for many years.
Acturies from practically all the
American and Canadian life insur-
ance companies will meet at White
Sulphur Springs, October 30-Novem-
Der l for the joint biennial confer
ence of the Actuarial Society of
America and the American Institute
of Actuaries.
City g. Suburban Bonds Rise.
City & Suburban IS registered
two $1,000 transfers on the WASH
ington Stock Exchange today at
1852, jump of 212 points since
the last previous sale as we'll as a
new high mark for the year. The
bonds are widely held by individuals
and Washington banks.
Potomac Electric Power per cent
preferred stock sold today at III,
up from 1151a Today's small trans
fer equaled the highest price re-
corded in 1910.
Banks of the country have par
ticipated in Reconstruction Finance
Corp. loans to business to the extent
of $75,415,772 since that agency re-
sumed lending in 1888, an R. F. c.
report states.
Heard in Financial District.
Improvement in employment in
the smaller cities in the Fifth Fed
eral Reserve District Is indicated
in the report of 81 per cent gain
IN department store sales for the
week ending October II.
Former Undersecretary of the
Treasury Dean G. Acheson has been
appointed by the Supreme Court as
special master to take evidence in
a boundary dispute between Kansas
and Missouri.
Wayne C. Taylor, nominated to be
Undersecretary of Commerce, served
for several years as Assistant Sec
retary of the Treasury, handling
fiscal matters.
The State of West Virginia will
offer at competitive bidding on Oc-
tober 29, $4,000 road bonds, dated
September l, 1899, and due 1941-64
Bidders are asked to name the inter-