Evening star., 1943-02-05


his assistant, J ss$$%$s$
O. Brott, and by '''-...
Government Of Louis s. Hcsdics.
ficials.
Louis S Headley, president of the
ABA Trust Division, will preside
Henry A. Theis, New York, chair
man of the Trust Division EXecu-
tive Committee, Erwin n. GrisWold.
Harvard law professor, and Gilbert
T. Stephenson, research director
Graduate School Of Banking. who
will discuss Where Are We
Headed?
Trust Public Relations and New
Business in Wartime" is to be con-
sidered by William H. Neal, VIM
ston-Salem bank official, ana Ernest
M. Fisher, ABA mortage and real
estate expert, will speak on I'M
plications OF Rent Control" Speak
ers on the war will be Brig. Gen
Joseph N. Dalton. Washington: 1t
John d. Lodge, New York; Rear
Admiral Stanley V. Parker. New
York, and Maj, Louis E. Fagen,
Bayonne, N. J.
Arthur r. Upgren. vice president,
Federal Reserve Bank OF Minnea-
polls, will speak on War Financing
and the Postwar Business Out
look Interest Rates will be
handled by j, H. Riddle, Bankers
Trust Co., New York. Other speak
ers will consider investments and
tax problems in panel discussions
Daniel L. March, president Of Bos-
ton University. will give an address
on The American Canon
Ration Accounts Increasing.
Bank officials today reported an
increase in the number of ration
coupon accounts being opened here
Many dealers whose business to-
tailed less than $4,000 in December
are opening accounts with the banks
at the request of the wholesale deal
ers with whom they do business.
With these merchants, opening
accounts with the banks is optional.
They have been turning in their
ration coupons to the wholesalers
who have to count them all and do
a lot of extra bookkeeping.
The wholesalers urge the dealers
In coffee and sugar to open the new
bank accounts which transfers the
big bookkeeping load from their
shoulders. When buying more sup
plies at wholesale, the merchants
will now present checks from the
banks showing they have the re-
ouired number of coupons to cover
the proposed purchases.
The coming expansion OF point
rationing will give the banks great
deal more work. Many are wonder
ing how they will get additional
help to handle the business. 1t will
be some time, however, before this
need will arise.
S94.l29l92 in FLA Loans.
The annual report of the National
Life Insurance Co. of Vermont
shows that the company started in
vesting in loans insured by the Fed
eral Housing Administration in 1885
and now has total Of s34. .129 1872
in these loans The company also
has s22 $40 ,o44 in Government bonds,
The sale of new life insurance for
the year l942 totaled Sal 286, 733
which was less than in the previous
wear. However it has been the eX
perience of Great Britain and
Canada that the second year OF war
brings a reaction of greater sales OF
insurance protection, the report says
The company paid policyholders
and beneficiales sl8.494,4T0 in 1912
including dividends of s4l03 1876. ac-
cording to the report being dis
tributed here.
River Line Votes 81 Extra.
Directors of Norfolk & Washington
Steamboat Co. have declared the
regular per cent semi annual dlVi-
dend and also a 81 extra, both pay
able February Is 10 stock Of record
February 5, it was announced today
Similar dividends were declared q
year ago at this time.
Directors Of Washington Railway
n bpClllC ". 4idNC tNNIol th tAiN
regular quarterly dividend of So pei
share, PAYABLE on February 27, &c
stockholders Of record February Is
The 25-cent dividend declared BY
directors of Lanston Montoype Co
will be paid February y 10 stock
holders of record February II The
directors declared the same amount
~ Dt1G
the full year 1912 paid So a share
The stock was quoted on the Wash
ington Exchange today at 2924 bic
and 80 asked
Municipal Financing Drops.
Financing by States anc munlc'
ipahties during January amounted
to only $50 ,3A9091, compared will
sllo.469.946 in January, 1912, th'
Daily Bond Buyer reported today
OF the 10000 900 total s310l3 o0'
is accounted for by a New Yorl
City Housing Authority refundlnt
bond issue
Sales Of McCrorv Stores Corp fo
January amounted 10 81 800 796, Al
increase OF S503 .9l0 or 1871 per cent
over January. 1912 The DPcembe
upturn Is better than the Decembe
increase Of ll3 per cent.
Forty-fve shares Of Mcr2euthale
Linotype sold on The Washington
Stock Exchange az 40 the rccen
new high mark GnaI bid. 80 2 witt
40l asked
Bernard /. Amlss. assistant trus
Officer of the Washington Loan &
Trust Co. viii attend the trust con
ference in New York next week. Th
Capital list IS 2roWlng steadily
Stock exchange firms IN New Yori
sre training a large number o
women to record sales N the plac,
OF employees called to war service.