Evening star., 1943-11-29
%,S97,o00 Received
On Life Policies Here
In Nine Months
BY EDWARD C. STONE,

death benefits in the first min,
months of the year, under 9,79I
claims, the Institute of Life In.
surance reported today. This com.
pares with $7,278,000 in the same
period of 1912, when 9,251 claim.
were paid.
OF the aggregate payments te
families in Washington, $4,290, ,0O(
was made under 1,540 ordinary
policies; 81 ,269, 900 under 1913 group
life insurance certificates. and ST..
$4,000 under 6,639 industrial in.
surance policies.
Maryland policyholders received
sl4,2S9,000 in the nine months or
9,79S policies; Virginia families were
paid $12,128,000 on 1919 policies
and West Virginia payments totalec
$7,o49,0O0 on 6,429 separate policies
American families as a whole re.
ceived 1922 1884, 900 in death benefit.
under 882, 1888 policies and certificate:
In the nine months, whereas in the
same period of 1912 the number
under which death claims were paie
was 824583.
The call by policyholders for cash
surrender values for emergenc,
needs continued sharply below thu
1912 level, surrender value nav.
ments amounting to 1925 ,O24 900. 6
reduction of IS per cent, today's re.
port concluded.
Liberty Bank Declares Bonus.
Directors of the Liberty Nationa,
Bank nave declared and already dis.
trlouted Christmas bonus to all
employees of the bank, President M
F. Calnan announced today. EN-.
ployes who have been with the bank
more than year were given a full
months pay and those on the pay
roll for less than a, year were pre-
sented half months pay.
More and more banks are joining
the Christmas bonus parade every
week. 1t was stated in the financial
district today that more Christmas
bonuses are expected from New
York Stock Exchange firms this
year than were paid a year ago.
The brokerage houses have had very
much better business in l943 and
the question of bonuses is now re-
ceiving considerable attention In
New York offices, 1t is said here.
Dallas Leads in Store Sales.
The Federal Reserve Board re-
ports that the Dallas district led
the other IL districts in the first
nine months of this year with a
gain Of 38 per cent over the like
1942 period. Atlanta was second
with an advance of 80 per cent,
while Kansas City stood third with
26 per cent pickup.
Sales in the Richmond district
were up II per cent; Boston, 6; New
York, 6; Philadelphia, 6; Cleveland,
g; Chicago, 9; st. Louis and Mime
apolis, IA, and San Francisco, 81
per cent. The average gain over
last year for the II districts was
13 per cent, the report said.
In October alone, Dallas also led
with a % per cent rise, closely fol-
lowed by Atlanta with "a per cent
upturn. Richmond district trade
was unchanged: Boston, off 3; New
York, up /; Philadelphia, 4; Cleve-
land. S; Chicago, l; st. Louis and
Minneapolis. 4; Kansas City, IL, and
San Francisco, II.
Rail Traffic Figures Soar.
The 1943 edition of the Yearbook
of Railroad Information has Just
been distributed, showing that in
a recent period of 18 months more
than 100000 troops were moved
by rail The average journey was in
the neighborhood of $50 miles. The
figures do not include Navy and
marine personnel or the millions OF
members of the armed forces travel
Ing on furlough
The volume of freight traffic also
has been substantially ahead of 1912.
AS in the volume of freight, the
volume of passenger traffic handled
by the railroads reached heights
never before attained.
The booklet contains vast
amount of information on equip
ment, taxes. dividends, payrolls,
number of locomotives in service,
capitalization revenues and earn
ings.
Transit Report Favorable
The October report of the Capital
Transit Co. showing net income of
sl19, ,729 20 against the much higher
figure of $222,9226O a year ago, is
more favorable than appears at first
glance.
The sharp drop of $103, 1881 was
partially due to the fact that net
earnings in october last year were
abnormal, exceptionally high. Since
that time taxes have become much
heavier and other expenses have ad-
vanced.
However. the very substantial net
OF sl19,729 is far above dividend re-
quirements at the present rate of
81 a year. With the stock selling at
80, the present yield is 6la percent,
return much higher than the aver
age on utility stocks
ManpOwer Study Urged.
An industry-Wide drive through
trade associations to achieve greater
manpower utilization was announced
today by Eric A. Johnston, president
of the United States Chamber of
Commerce.
Asserting that maximum use of
the country's manpower is unques-
tionably a matter of the greatest
public concern, Mr.. Johnston sent
of 1900 trade associations a War
Manpower Commission utilization
program which he described as a
practical approach" to the problem
OF reducing inefficient production.
Financial District Comment.
The Washington Stock Exchange
opened the weeks transactions with
100 shares of Capital Transit selling
at 2912, up half point from last
weeks close.
Security Storage appeared on the
board in small transfer at 10, un-
changed. The closing bid was IS,
with IS asked, 10-point spread.
Many exchange issues are soon to
pay dividends. including Potomac
Power preferreds, Railway g. Electric
preferred and common, Lanston
Monotype, Lincoln Service common