Evening star., 1943-02-11

also a director Harry J. Kane.
of each. He is a member of the
Washington Board of Trade, of the
Merrick Boys Club, Columbia Coun-
try Club and former grand knight
Of Carroll Council, Knights of Co.
lumbus.
For years Mr.. Kane has been a
member of the faculty of Washing
ton Chapter. American Institute of
Banking. He is graduate of Holy
Cross College and Georgetown law
school.
More U. S. Bonds Held.
Total assets of the Massachusetts
Mutual Life Insurance Co. were up
$44,379,8s8 in 1912, net earnings
showed a gain Of $2,l83.942 for a
total of sl5,759,213, and United
States Government bond holdings
exceeded sos 100000, according to
the annual report of President Ber-
trand J. Perry just received here
There was an increase of $29, ,70l, :
327 in new policies.
The amount of railroad bonds held
by the company was reduced by
about $2,800,000 during the year,
representing on December 81 only
lilo per cent of invested assets.
Public utility and industrial bonds
now total s2s7,O21 ,6lS, or IS per
cent Of assets.
The president commented that
war losses have not yet proved of
serious moment. There were 54
death claims from automobile &C
cidents, against l02 in 1941. the
decrease practically offsetting the
claims from war casualties, Mr..
Perry said, in the report being dis
tributed by John F. Cremen.
d. C. Store Collections Rise.
Collections on open accounts in
Washington department stores in
December were So per cent of bills
due at the beginning of the month,
against 43 per cent year ago. the
Federal Reserve Bank of Richmond
reported today
Collections on installments in De-
cember were 81 per cent of receiv-
ables on December /, while year
ago only Is per cent of these bills
were collected, the report said. Col
lections in the fifth district aver
aged Is per cent of amounts due.
Store stocks on hand in Capital
stores at the end of December were
13 per cent higher than on the COM
parable date year ago. At the same
time orders for goods we're SIS pei
cent larger than year ago and 81
per cent higher in the fifth district
today's report said.
Banks to Get Shoe Rationing.
The banks Will handle shoe ration
coupons, this service for the OPA tC
begin in about six weeks, it was
learned today. The trade will trans
act business "on credit" until thai
time. The accounts will be handled
In the same manner as those fol
sugar and coffee,
It is anticipated there will be be-
tween 100000 and 10000 OF these
accounts for the whole country as
all retailers are TO be directed BY
the OPA 10 open accounts.
The plan TO ration shoes was KEEP
30 secret that no printing was dont
or advance arrangements were made
with the banks.
Credit Investigation Voted.
The Senate Subcommittee on Non.
essential Government Expenditures
of which ~enator Byrd is chairman
has vctet- , investigate the neec
for establishing the Regiona
Agricultural Credit Corp. Banks il
farming sections have been aroused
by the corporations revival, which
will mean keen competition The,
have told the Agriculture Depart
ment they have ample credit to NEE
ell farm needs.
Agents Win National Honors.
Joseph Brown Of the Washington
once OF the Berkshire Life Insur
ance Co stood fourth among tn
agents in the whole United States il
1s42 production. and David r. Wal
lace stood l4th in the list Th
agency took seventh place an
should be near the top this year. a
J. E. McCombs wrote as much busi
ness in January AS the agency pai
for during all 1912
Mergenthaler at l943 Peak.
Fifty shares Of Mergenthaler Limo
type stock sold AT 40 on the Wash
ington exchange today, new 1874
high mark and for much longe
period The market closed with 4
bid and al asked
In line with the New York Stoc
Exchange, the Washington ea
change will be closed tomorrow
Lincolns birthday anniversary
Banks and building association
will be open as usual.
AdnIf Repitn and Hirohitn-th