Evening star., 1942-05-17

IN 194l.
1912 1941
January 2.O25, 1857 1,64764e
February --- 2,126,059 1,770,417
March ---- 1,875,892 1,761,012
April ---- 1,534,614 1,400,755
d. c. Insurance Sales Drop.
Revealing q sharp drop in April,
life insurance sales in Washington
totaled S4,513,0 900 against S60l2,000
In 1941, a decrease of % per cent,
the Sales Research Bureau at Hart
ford reported yesterday.
However, new policies written in
the Capital in the first four months
OF this year we're per cent ahead
of the 1941 like period, reaching a
total of $23,726,O0O.
The Washington April decline was
exactly the same as the average de-
crease in the whole country. The
national average for four months,
however, was up 18 per cent and in
the South Atlantic section this
average was up Is per cent.
April sales in Maryland totaling
$7,615,00O were l6 per cent lower
than last year while the four months
total Of SAL $4,000 revealed a jump
of o per cent.
Virginia April sales totaled ST.
453.OOO, off % per cent but the
longer period total Of s38,493 900
was II per cent better than year
ago
Eccles to Address Bankers.
Mariner S. Eccles, chairman of
the Board of Governors of the Fed
eral Reserve System, will be one OF
the principal speakers at the annual
session of the District Bankers AS
ISOLATION which opens three-day
session at the Columbia Country
Club one week from tomorrow, Pres
ident Stanley Holland announced
yesterday.
The head Of the Federal Reserve
system has addressed Washington
bankers at many previous conven-
tions at Hot Springs and White
Sulphur and is always heard with
great interest. Under present war
conditions, his subject this year Is
certain to prove timely and informa-
tive. The exact subject is to be
announced.
Bruce Baird. general convention
chairman, has sent out final call
for member reservations. He pre-
diets a large attendance.
More Dividends Declared.
Directors Of the Mergenthaler
Linotype Co. have declared the reg
ular quarterly dividend of 81 per
share, payable July to stockholders
OF record June IS.
Directors of the Washington Con-
vention Hall CO. have declared the
regular semi-annual dividend of
$3.50 per share, payable June l to
stockholders of record May %. The
company operates the Convention
Hall Bowling Alleys and New Gen.
ter Market in the building at Fifth,
K and L streets NV.
North American Co. stockholders
will receive their quarterly dividend
on the common stock in shares of
the Detroit Edison Co., in the same
manner as in the last four quar-
tiers, one share of Detroit Edison for
each so shares of North American
now held. The dividend is payable
July l.
Regular quarterly dividends on
the $50 par value preferred stock
at the rate of rs cents a share on
the per cent series, and 717s cents
a share on the So per cent series
we're declared payable July l to
stock of record June 10.
Trading on d. C. Exchange.
Capital Transit stock sold in a
small lot on the Washington Stock
Exchange yesterday at 20A. practi-
cally the same as In other recent
sessions.
National Bank of Washington
stock appeared on the board yes
terday, with 10 shares moving at
1902, off two points from the last
previous sale. Bank stock trading
has recently been very quiet.
During the week Lanston Mono
type stock showed added strength
following the annual report. which
disclosed much better earnings than
a year ago. War contracts are now
playing vital part in the COM
pany's operations.
Banks Set Fine Bond Mark.
The Nations banking institutions,
working as volunteers and without
compensation, sold IS per cent of
the dollar volume of series E, United
States War savings bonds, during
the first year of the campaign, Har-
old N. Graves, assistant to the Sec
retary of the Treasury, reports.
The New York Stock Exchange is
$50 years old today, Washington
brokers being much interested in
the anniversary. The event will be
noted in Wall Street tomorrow. The
biggest day in exchange history was
in 1929 when 16,410,030 shares
changed ownership. This months
Exchange Magazine is wholly de-
voted to this anniversary.
Several members Of the present
exchange are direct descendants Of
the original "signers" Of the brokers
agreement made under the butter
nut tree"
Financial District Comment.
Twelve members of Washington
Chapter. American Institute OF
Banking, are now planning to at
tend the annual convention of the
national organization in New Or
leans in June.
The coming week Is to be observed
m 10000 retail drug stores as Ma
GonAl E7rst-Aid Week.