Evening star., 1948-11-09
B. & @. Stockholders
To Vote on Purchase
OF West Virginia Line
By Edword G. Stone

Baltimore e. Ohio Railroad Co
stockholders will be asked at theil
annual meeting next Monday to
approve purchase by the company
of the Centralia g. Webster Springs
Railroad in West Virginia. The B
g. o. will pay S35,000 for the
capital stock. The very short line
is underlaid with large coal de-
posits
The stockholders also will be
asked to approve complete integra-
ton of two subsidiaries-the Bal
timore & Ohio g. Chicago Railroad
Co and the Baltimore & Ohio
Southwestern Railroad Co.-intc
the B. g. o. corporation. These
subsidiaries have been operated
under contract for many years
The IL present B. g. o. directors
have been renominated.
Insurance Premium Reduced.
The Life Insurance Co. of Vir-
grinia, underwriting company OF
the Virginia Bankers Association
insurance plan. has announced that
due to satisfactory experience pre-
MUM rates for the third policy
year have been reduced from $1.25
per month per thousand to $1.2l
On an annual basis the rate Is
$14.07, compared with $l4.68 last
year.
Washington Chapter, American
Institute of Banking, will take part
in a regional faculty conference OF
instructors, educational chairmen
and officers on Friday, November
10, at the John Marshall Hotel In
Richmond. LIE Roy Lewis, National
Educational Director, will appear on
the program which opens at 2:3O
pm, and includes q reception, dinner
and an evening session.
New Pullman Rule Planned.
From December Is to May Is, the
Pullman Co. plans to require tickets
to and from Florida to be returned
three days ahead of train departures
In case of redemption. The plan
was tried last spring with great sue
cess as much needed space was re-
leased by the earlier cancellations.
The rule will apply to Washington
New York and other points on the
Eastern Seaboard, the announce
ment said.
Installment loans in September
made by banks, small loan compa-
MICS and credit unions were S21.-
100000 smaller than in the preceo-
ing month but II per cent larger
than a year ago, the FeoeraI he
serve Board reports.
New state and municipal financ-
ing during october totaled $277,-
III ,5s8, according to the Daily Bone
Buyer. against $1l9,039,368 in Sep
tember. Financing for the first 10
months of 1948 totaled S2,638. .O4s,72l'
D. C. Exchange Very Active.
Trading on the Washington STOCK
Exchange was exceptionally active
today. with Potomac Power. Vir-
einia Electric & Power, Washington
Gas and department store stocks
among the leaders. Capital Transit
was more active than in several
weeks, coming out at IT'S; Riggs
National Bank stock sold at $3ll per
share on a 50-share turnover. Capt.
tai Transit Is moved at 95.
The Country Trust Co. OF White
Plains, N. Y, received the first FHA
commitment to insure loan for
the production of factory built
homes under section 900 OF the
Housing Act. The loan, which FILA
agreed to insure, was for s44s.44
How retailers may increase sales
volume in carpets and rugs was the
subject of conference at the Carl
ton Hotel yesterday. Department,
furniture and speciality stores were
represented Merrill A.. Watson,
president of Carpet Institute, INC;
j. H. Mcfarland and John Good
willie were among the speakers.