Evening star., 1942-03-19

ton alone 10 WIN Cle war, LOT lIllS
Is a Job for every one in the Nation,
he said. Reliance on defensive
measures is a snare and delusion.
He called on all life insurance men
to set an example OF patriotism in
their communities, adding that
agents are now selling Defense bonds
directly at a rate Of more than
$4,000 900 month.
There was very enthusiastic at
tendance from both the life under
writer's. of which T. Loehl OBrien
is president, and the Chartered Life
Underwriters, headed J. Allan Ma
phis. It was the largest insurance
meeting of the year.
Retirements Aid d. c. Bonds.
Retirement of first mortgage
bonds by the National Press Build
Ing Corp, as disclosed in the re-
cent annual report, is being reflected
In the corporations other bonds
which are widely held in the Capt.
tai National Press Building ad-
iustment income 412s are now SELL
ing at a new high mark. around 43,
after gaining 21a points during Feb
ruary.
The latest balance sheet shows
that since the corporation emerged
from the court trusteeship six years
ago, s1,212,000 first mortgage 3-5s
have been retired under sinking
fund provisions, much interest now
being saved through this bond re-
demption, dealers in over-the-coun-
ter issues pointed out today. These
bonds are selling around 81.
The annual report says the cor
poration at the time of the trustee
ship showed a deficit of $202, 2,585,
while on December 81 the balance
sheet revealed a surplus OF s48, 1893,
In spite Of sharp wage increases in
ls4l. Wages back in 1896 were s82,-
900 and in 194l had moved up to
sos, 500.
Mayf1ower Bonds Retired.
The annual report of the May
flower Hotel Corp shows that the
company during 1941 retired S4S6,-
$40 which it had acquired at a cost
of SAC, ,4o2 less than par.
Mayfower Hotel Corp. first SIS,
With stock, are selling at 1877, being
down slightly from the high for
the year. Mayfower bonds, with
out the stock, are quoted at 81 bid
and 1907 asked.
The company's net profit in 1941
after provision for income taxes was
S270,515, against S171,619 in 1910,
the report discloses. Operating
costs and expenses in 194l were
s2.61O844, as compared with ST.
1858 In the previous year.
Matson Heads Travellers.
Lester B. Matson was elected
president of Post B, Travellers Pro-
tective Association at the annual
dinner and election of officers and
directors at the Capitol Park Hotel
last night. A large number was pres
ent, including a group from Post A
In Baltimore, led by Howard E
Stewart, secretary. Joe King was
master of ceremonies. Other officers
named we're:
w. Carroll Barnett, first vice presi-
dent; Edgar K. Crone. second vice
president; George C. Cook, Bird vice
president: Harry l.. Golliday, secre-
tary-treasurer.
Directors: Clarke E. Read, jr.;
Charles w. Clayton. R. E. Brawner
Verne Mcdonald, Edward R. Norris,
and M. w. Simmons. William E.
Dulin was reelected chaplain.
Metropolitan Votes Divided
Directors of the National Metro
politan Bank nave declared the reg
ular semi-annual dividend of 3 per
cent on the outstanding stock. pay
able April Is to stockholders of rec
ord April S, President c. F. Jacob
sen announced today.
Washington Gas Light issues drew
all the attention on the Washing
ton Stock Exchange today. Gas
common sold to the extent of &c
shares at 16 and five shares of pre-
ferred moved at 961a, both around
recent levels.