Evening star., 1943-05-07
Three New Directors
Named by District
Life Underwriters
McEIfresh, Sutherland
And Myers Elected
At Nay Meeting
By EDWARD C. STONE.

Dy Ell" ahD " . oI>Ls
Three new directors OF the District
Life Underwriters Association were
elected at the May meeting, John
L. McElfresh, Connecticut Mutual;
j. Donald Sutherland, Northwest
ern; and Leroy j. Myers, Mutual OF
New York, it was announced today
They will serve three-year terms
and take part in the annual cleo
ton of officers later this month.
Fred G.. Holderman, jr., chairman
of the Associations War Bond Com
mittee, reported that members OF
the organization had made 954 sales
of war bonds to individuals for a
total of s566,000 The members
were divided into teams and the
team representing the Pacific Mu-
tual, captained by Raymond A
DuFour, carried off honors for total
sales.
Raymond A. DuFour, chairman OF
q special committee to obtain blood
donors for the Red Cross, made a
plea for volunteers and introduced
a Red Cross representative who
stressed the need and importance
of such donations Many members
gave their names to Red Cross
nurses and will make donations at
once.
First Vice President Charles F.
Suter presided at yesterdays meet
ing at the Willard Hotel. He re-
quested Charles w. ODonnell, OF
the Guardian Life Office, to intro
duce the guest speaker, Miss Be-
atrice Jones, past president of the
New York Life Underwriters As
sociation and the only woman ever
to address the Washington organ
ization. She gave very witty
practical and analytical address on
women as Life Insurance Pro-
spects."
There are 100000 women in the
United States today who are sup
porting families or members of fam
lilies. There are 100000 more
women who are self-supporting
countless others who are wives of
men in the armed forces, including
q host of very young war brides,
Miss Jones said To this number
should be added women who are
widows and women of independent
means.
Every one of these women need
some kind of insurance protection
the speaker declared, and concluded
her address by outlining the best
methods of reaching the different
classes of prospects.
Rouse Quotation Chairman.
Edgar c. Rouse. associated with
Robert G. Jones & Co.. investment
firm, has been appointed chairman
OF the Washington Quotations Com
mittee of National Association OF
Securities Dealers, to succeed Ber-
nard j. Nees. partner in Johnston
Lemon & Co., who is now in the
service.
Mr.. Rouse has been a member of
this committee ever since it was
formed to assemble the quotations
on Capital securities which are sold
over the counter. He has been ac-
tive in the financial district since
1926 and with the Jones organAa-
tion practically ever since the firm
was opened for business. He is a
native of Richmond, Va.
The committees work is consid-
cred of vital importance to the
investing public. The committee
presents accurate quotations weekly
on about SO Washington stocks and
bonds which are not listed on the
Exchange but are dealt in by the
various investment firms. News
paper publication of the quotations
gives the public reliable information
on the current market prices, after
bid and offered quotations have been
carefully checked.
Similar quotation committees
were established about three years
ago in all important cities in the
country. The volume of overtime
counter trading is very much larger
than Is generally realized, dealers
report.
Store Inventories Lower.
Stocks of goods on hand in Wash
ington department stores at the END
OF March were II per cent lower
than on the same date a year ago
the Federal Reserve Bank of Rich
mond reported today.
Outstanding orders for merchan-
disc were q per cent higher than
last year and "a per cent higher In
the Fifth District, the survey
showed.
Total bills due Washington stores
at the end of March showed a "a
per cent decline from the same date
in 1912.
Collections of current bills were
particularly good, 81 per cent OF
these receivables being paid during
the month
OF lnstalment bills due on March
i, "a per cent were paid during the
month. AS already noted, retail
trade was off per cent in March
but up per cent in the first quar-
ter, compared with 1912.
Mergenthaler Stock Scars.
In 40-share sale on the WASH
ington Stock Exchange today, Mer-
genthaler Linotype reached 49,
highest price in many years, and a
gain OF 6ia points since the last
transfer. The stock has also Jumped
on the Boston Exchange. The final
bid was 48 with So asked.
One hundred shares of Capital
Transit sold at 3l12 and a single
share Of American Security e. Trust
moved at 1913. Capital Traction SIS
were strong, two $4,000 transfers
taking place at 1851.
Controller of the Currency Pres
ton Delano has just announced that
bank deposits in the United States
passed the 100000 5000 mark in
December for the first time in his
tory. The gain the last half year
was over sl7,000, 100000.
Gold Standard Forecast.
w. L. Hemingway. president OF
the American Bankers Association
is hard at work on postwar plan
for monetary stabilization. The
opinion seems to be unanimous that
the re-establishment of the cur.
rencieS of the world must be firmly