davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-01-03
Insurance Sales Set
Record During Year,
New Rise Forecast
By the Associated Press

NEW YORK, Jan. 3.-Life insur-
ance men hope to go right on
setting records in 1949. But they
have their fingers crossed.
They did set records In 1913. The
Nations $40 legal reserve life in
Surance companies now handle
amongst them what is probably the
greatest single lump of the Nations
wealth.
Insurance men predict they will
set new records in 1949, unless a
major business setback comes along.
They think that the same factors
that made 1948 a peak year will
carry over into the new year. They
hope the momentum will do 1t, even
if business in general levels off.
Invest in Business.
The way they invest their money
and their admitted assets are
now around $751; billion, record
will probably follow the path that
became clear in 1913. Most of them
expect they will put less of their
assets into Government bonds and
more of them into business securi-
ties. However, some of them expect
that 1949 will see a slackening in
the demand of business and indus
try for new financing.
Insurance company selling of
Government bonds and purchasing
of better paying business securities
drew criticism in 1913 from COM
mercial bankers, and some peril
nent questioning from the Treasury
Department. There may be a tenn
porary Tightening up, insurance
spokesman admit, but they expect
insurance companies to 60 right on
supplying an increasing share of
industry's money needs, whatever
they may be.
They also expect to do their
share" in new housing projects for
Americas growing population. They
are less sanguine about this, how
ever, citing high building costs,
uncertain government subsidy poll
cies, and the chances of getting per-
missible legislation in all the States
as the imponderables.
FOL Billions in Force.
The insurance companies have
the money to invest, all right. AS
l949 begins, more people than ever
own life insurance. record 70
million persons in the United States
and a gain of about three million
holders during the year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-01-03
DC. Exchange Volume
Boosted 10 226,531
Shares During 1913
By Edword G.. Stone

Wy G0WQtQ ~. StOUS
Trading on the Washington Stock
Exchange in 194S reached the sur
prising total of 226,531 shares in
comparison with 44,379 shares in
1947 and by far the heaviest turn
over in at least 20 years, Bernard
L. Nees, Exchange president, an
nounced today.
The volume of bond trading was
about the same as last year, a total
OF SPAS, 500 comparing with $250,000
year ago. For several years bond
trading has been far overshadowed
by sales in stocks.
Exceptional interest was main
tanned throughout the year in many
of the sound investment stocks
listed on the Exchange but the
high record for period years was
due to the exceptional amount of
trading in Potomac Electric Power
common stock which reached Isl, liz
shares.
Fleming on Advisory Board.
Robert V. Fleming, president OF
the Riggs National Bank, has been
reappointed a member of the Fed
eral Advisory Council of the Fed
eral Reserve System to represent
the Fifth Federal Reserve District
Announcement was made by Hugh
Leach, president of the Richmond
Reserve Bank Mr.. Fleming has
served many years on this very i'm
portant committee, his first ap-
pointment being in 1912.
Hiram S. Hart, former manager
of the Washington Office of the
Travellers Insurance Co., has been
named superintendent Of agencies
for the Berkshire Life Insurance
Co. of Pittsfleld, Mass, it was
learned here today. He is former
president of the District Life NAM
ayers Association, and for years
was active in the District Life I'm
derwriters Association.
Offices to Move to District.
The Federation for Railway
Progress will move its headquarters
to Washington from Cleveland on
January Is, Thomas j. Deegan, jr.,
president, announced today. The
Federation will occupy the building
at 1413 K street NV. which will be
known as the Railway Progress
Building.
Washington is the frontier city
in the fight to fend off socialization
of our railroads." Mr.. Deegan said
in announcing the move. The pas
senger relations, shippers services
departments and Offices Of Railway
Progress Magazine will be housed
In the same building.
Savings Bond Buying Urged.
Daniel w. Bell. president of the
American Security & Trust Co.. in
a radio broadcast, urged Increased
buying of United States Savings
Bonds during 1949 as the best means
of bringing greater stability to the
national economy. Mr.. Bell re-
ported that more than $1,000, 600, 600
was invested in these bonds in 1948,
bringing the total to $4,000, 900, 900.
OF this sum, 100000, 900 are owned
in Washington.
The Prince Georges Bank & Trust
Co. has transferred 100000 to sur
plus, giving the bank 100000 cap
ital, 100000 surplus and approx
mately s2sO,oOO in undivided profits,
The bank paid a Christmas bonus
of per cent.
The Society for the Advance
ment of Management will meet
Wednesday evening at 1926 K street
NV, with Ray Ward presiding and
Admiral Morton L. Ring as the
leading speaker.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-01-03

Wednesday are Paul Hinkel, vice
president, and Theodore P. Gerth.
secretary. Paul v. B. Heiss, secre-
tary OF the Cosmopolitan Club, will
be principal speaker at the ban
quet.
r. Cartwright Doyle, chairman
OF the Banquet Committee, will act
as POSTMASTER.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-01-03
Business Briefs
Building Contracts in is Sou


ern States set postwar high OF
s2,830,o38 900 in 1913, jump OF
1870 from the previous year-Man-
ufacturers Record. Public construc-
ton valued at s1,508 1857 900 out
weighed private contracts.
Automobile Production in the
United States and Canada will set
an all-time record of about $780,
600 cars and trucks in 1949, predicted
Wards Automotive Reports. Pro-
duction in 1948 was estimated at
5,535,089 VS.. the 1929 record OF
5,621,715.
Pepper and Cocoa Bean Stocks
in United States warehouses are at
extremely low levels, compared with
prewar years-Commerce Depart
ment. Unground pepper stocks were
estimated at only 100000 pounds VS..
a prewar peak of 100y000,00O pounds
in New York alone. Cocoa bean
stocks at New York were placed at
100000 pounds VS.. 2o0,0o0,000 be-
fore the war.
Hughes Tool Co. will not be sold
to investment bankers, Howard
Hughes informed employees. Nego-
tiations with Dillon, Read 81 Co.
have been called off, he said.
PENNSYLVANIA Dixie Cement Corp.
has purchased the West Penn &C.
ment Co. at West Winfield, Pa,
with capacity of 100000 barrels
annually.
American Bus Lines, Inc, and Its
subsidiary, Burlington Transports
ton Co., we're authorized by the 1CC
to merge their properties and oper-
atoms. Merger will be effected
through a stock transfer between
companies.
Koppers Pittsburgh Co., a new
corporation jointly owned by Pitts
burgh Plate Glass Co. and Koppers
Co., has taken title to the phthalic
anhydride plant at Kobuta, Pa. The
two latter firms each own 500 OF
the new firms stock.
Timken-Detroit Axle Co. subsid-
larry, the Bossert Co., has purchased
the aluminium plant at New Castle
Pa, from the WAA.
May Co. has purchased the T. S
Martin Department Store at Siou'
City, Iowa, and will take over it!
operation January 80. Stakeholder
have approved.
Budd Co. announced its 1948 pro-
duction figures were the highest OF
record and estimated sales would tol
5000, 0oo, 900 VS.. s193, 500, 1872 in 1s47.
Consolidated Gas, Electric Light &
Power Co. of Baltimore earned S.,
315,575 or $416 share in II months
ended November 80 VS.. $6,598, $40 o.
$4.65 year earlier.
MinneapoIis-M Moline Power Imple
ment Co. net income for IL months
ended October 81 was $6,415 ,579, o.
1925 VS.. $4,7O8,969 or 1851 in thu
preceding fiscal period.
HI. J. Heinz Co. earned $2.963,74
or s1.98 in six months ended Octobel
81 VS.. $2,957 ,048 or $1.87 year earlier
Kelsey-Hayes Wheel Co. profit fol
three months ended November 81
was $1,294,829 or $500 VS.. $1,182 SO.
or $1.91 in the same 1947 period.
Gatineau Power Co. earned S..
S84,528 or SLOT in nine month!
ended September 80 VS.. $2,763 SO.
or $1.30 year earlier.
b. Kuppenheimer & Co. profit fol
II months ended October 81 wa!
$324,473 or 1854 VS.. $318811 or $50
in the preceding fiscal period.
Norfolk & Western Railroad ap'
pointed George Dunglinson, jr., ex'
ecutive vice president and F. S
Baird, vice president, traffic.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-01-03
Odd-Lot DeuIinqs

The Securities and Exchange Commits
sion reported today these transactions by
lists on the New York Stock Exchange for
December 81, 194s: 5,5SS purchases in
volving 1917 shares including 16 short
sales involving 663 shares.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-01-03
Hourly Sales on the E1chanEe T0oASi
ll:OOam l5o 600 1900 noon 500 ooo
100 p,m. $40 900 200 pm 600 ooo

unit Of trading / 0 shares. 'In bank.
ruptcy or receivership, or being reorganixed
under the Bankruptcy Act or securities
idends in the foregoing table are annual
disbursements based on the last quarterly
or seml-annual declaration. Unless other
not included cid Called Eek dividend.
xr Elk rights. Also extra or extras b Plus
stock dividend q Cash. or stock. eDe-
in stock. estimated cash value on ex-divi-
dend date Paid last year. h Declared
or paid after stock dividend or split-up.
tive issue with dividends in arrears. p Paid
this year, dividend omitted, deferred or no
action taken at last dividend meeting.
dating dividend Payable in stock, exact
cash value undetermined on declaration
date
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-01-03
Washington Exchange
LIST INCLUDES ONLY SELECTED ISSUES
SALES.

..
WASHINGTON Gas common-1O0 at "a. 40
at 24sa
Washington Gas common at 24Ss.
Virginia Electric & Power common-50 at
49, 30 at 16, 5 at 10.
Capital Transit first ref '45-S1, 900 at
%, 81, 600 at 95.
at 4394
Potomac Electric Power common-e0 at
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-01-03
N. Y. Bond Market
Furnished by the Associated PressJ
LIST INCLUDES ONLY SELECTED ISSUES

AssoCidtco FfeSS.)
Y SELECTED ISSUES
Int CT No5s56B 5eih
Leh vi 5s20O3st 1914
Leh Val4s20O3st 39i7
LIN gas 2003 80
MSPSSM 4ias71 IS
MSPSSM As 81 5oiA
MKT adj 5s67 "a
Mo Pac 5Aas 40 25N
Mo Pac IS 77F 79A
Mo Pac 5s so H 1880
Mo Pac gn As rs 4lA
IMor&E31as20OO Sta
NYC RI IS 2O13 "
NYC 4las20l3A 65N
N Y C con As SO 1914
NYCHR 3Ias 81 e1iA
NYNHin41as'22 AA
NYNHH 4s2OO7 65lA
NYOW RI As 90 go
NorflkSo 5s2O14 81
Nor Pc 5s2O47D 81
Nor P cit 41as7S lolA
PacG&E 31ssS2 lo3M
PennCtAir312s6 55l5
Penn P&Lt 3s65 lo1lh
PennRRg41as65 lo3ib
PennRR 3H4s52 TOO
Phila FL 2a4s II 100
IStL!SF 4kas2O22 5eih
IStLSanFrn4s97 "a
Seab in4ias20l6 60
lSoPa cific4IasSl 1914
Sou Pac 4ias SO 92As
lSoPac4hsOr77 1904
So Ry gn As SO S7lh
Third Ave 5s 80 AAL3
Third Ave As 60 50
West Sh As 23R1 81
IWestch 1t $3.50 1o6M
West I'm 6s61 1O1iA
west On IS 80 6AiA
Wise Cent As 40 TIA
| Wis Cn As 36SD AA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-01-03


NEW YORK CITY
is SD 1O6B
FOREIGN IL
Antioq rs As A 81
Australia SIS Sd 49,
Chile IS 60asd %!
ItalCCns l-3s77 Is!
Mex 4s04asd54n a
Norway As So 62]
DOMESTIC IL
Am TIT 27asS7 IS,
Am TIT 2a4s57 1895
Am TIT 234s6l lo5l
Am T&T 2'4sSO S3l
Att Dnv2nd4s4S 39i
B & o 6s 95J 70
Balt&Ob 5s95G 81
B&O CIV 4l72OlO 40,
Bost Me AIS 20 So
BufRoch&P57st So
Can Pac As perp 90
c Ga 4 as2O20B 40
Cent Ga As 95 81,
Cn RI NJ IS 81 Is
Chi&E I inc 81 a.
CMStP42s2O19 62l
CMStP4I2s2O44 52l
Chi&NW 4hsp9 58l
CRIPin4 l2s2019 50
C r I P As "a log
CTHS i2'44l494 20
CCCSL 4las n 81
Cons Ed CIV 1858 LOG,
Del Lk&W ina3 81
bet Ed CIV IS IS los
Fla E est IS "A So
GenRe&Ut 1850 Sc
Ct Nora as76 D 1l6.
| GtNor 2sss2O10 IS
Hud&M RI 6s 81 So
Hud&M in IS 81 -
I C 4als 66 "a
IntGtNor 6s SO ~
Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-01-03
Dividends Announced

NEW YORK, Jan. 3 OP.-Dividends de-
clared: Rate period stock of record pay
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
Sheepherder Pleads
Guilty To Forgery

Pleading guilty in the justice
court of Pete Lukin last week on
the charge of forging checks on a
former employer now in Washing
ton, Bill Weekley, an elderly man
somewhere in his sixties, wa S
taken to Cut Bank by Contable
Ernest Gray last Thursday, where
he is to appear b e f o r e District
Judge Hattersley for sentence.
Weekley floated two checks on
local businessmen an d one on a
Waller businessman. The aggre-
gate of t h e forgeries was over
500. The "easy money" was used
by him for a ''spree.
Weekley has been in this Sec
ton for the last 10 years or more,
where he has been employed as
sheepherder. Back in 1913, on
a charge of abandoning shee p
without first telling t h owner,
he was fined 5000 and sentenced
to 30 days in Jail at Cut Bank.
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
St. Mary Stake
Lots Proposed
For Leasing

The Blackfeet Tribal Business
Council will open b d on June
23 for the leasing Of land on the
east shore of St. Mary's Lake to
avail the establishment of summer
homes by interested persons, &C.
cording to Henry Magee, chair
man.
The lake frontage on h e east
shore, which is approximately
five miles long, was surveyed last
year n d divided into 80 lots,
each with a 30O-foot width and
lengths varying from $50 feet to
300 feet.
With a c h piece of property
having an adequate water 'front.'
age and being in the midst of the
most charming of natures en-
virons, Magee anticipates a large
number from various sections of
the state will submit bids.
Recently h Tribal Council
made available to the U. S. Army
Airbase at Great Falls, on a gra-
tuitous basis, five lots on the lake
frontage for use as summer
rest camp for service members.
The occasion was the need of rest
by those who from time to time
are returned from overseas duty.
The leasing project, it has been
pointed out, has prospects of be-
ing an outstanding step in t h e
direction of the full development
of St. Mary's Lake as a popular
recreational area in summertime.
Appropriation of the area be-
came possible following it's release
by the U. S. Reclamation Bureau
in l947. Some years go that
bureau reaerved both the east and
west shore area for what might
be its future needs,under the rec
lamation programs. Area facing
the west shore line, according to
Magee, will be surveyed and
leased at some future time as de-
mand for summer homes devel-
ops.
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
Assembly Church
Making Progress

Being erected through volun-
teer labor, the Assembly of God
Church's new edifice is gradually
reaching completion. During the
past month Rev. Murphey, its
pastor. and Tom Jackson. one of
the most capable of wood workers
in this section, have sweated it
out, round by round. With INSTALL
ing of the last round this week,
the roof will be h remaining
major piece of carpentry. Rev.
Murphey pledges that though the
work may not be rapid, the
church will be in readiness for a
most beautiful Christmas event
an inspiring forecast, indeed.
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
Town Water Tank
Back In Service

The 75,00O-gallon water t a n k
of the Town of Browning is back
in use a f t e r being temporarily
abandoned because of a cracked
joint in the vertical piping.
Out of service since t h e early
part of the year when steady
cold weather for several months
caused considerable of h e local
plumbing to freeze, t h e water
department had to rely solely up
on the Town we'll for water. A
similar situation h a S had to be
faced in other years.
The main difficulty under cir
cumstances of weather as severe
as last winters is due to an in
adequate heating system to pro-
vide sufficient warmth of t h e
piping, according to John Mer-
chant, wa t e superintendent.
He said that in t h e future the
water department would not risk
having a similar difficulty.
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17

Is your subscription paid up?
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
Crops Are Doing We'll

Hay and grain crops on the
Blackfeet Reservation are in an
excellent state of growth, accord
ing to Billy Kipp. Tribal fieldman.
Wild hay, he said, promises to
equal any in the past. Most of the
winter W h e a t having suffered
winter-kill, the area was replanted
to spring wheat. X Up p believes
that the wheat acreage is some
what larger than last year.
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
Lions Event At
Park June %

The Browning Lions Club will
hold Ladies Night at Bills Diner
at Glacier Park next Thursday.
June % at 7 p. m. All Lions are
urged to attend the event, which
will be the last one under the re-
firing officers of the old term.
The event will also be the 60
ing Away" meeting honoring
P asst District Governor K. w.
Bergan.
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
Military Rites
Held For Two
War Heroes

Saturday and Monday were oc-
casions of solemnity, when sor-
rowing friends of Pfc. George
Nequette and Tech. Sgt. Fourth
Grade Roger K. Paul, who gave
their | i've S in defense of their
country in the late war paid them
deserved tribute at impressive
military rites.
Bodies of the two soldiers were
shipped from Overseas under the
Repatriation policy of the govern
ment.
T h a t of Nequette arrived in
Browning on Thursday and that
of Paul the following day.
Services for Nequette were held
at Little Flower Church Saturday
at II a. M, with the Rev. George
Corner officiating. Burial was in
the Browning Catholic cemetery.
Services for Paul were held
Monday at IL a. M, wit h the
Rev. Corner officiating. Burial
was in h e Browning Catholic
cemetery.
With only one obituary COM
plete, the Chief is postponing its
publishing until next week when
the obituaries of b o h departed
soldiers may appear in the same
issue.
However, elsewhere in this
issue there appears a magnificent
tribute for Paul, written by Ma
jor Joseph w. Morrison, under
whom Paul served overseas.
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
Jess LQBOeuff
Appointed To
School Post

At a special meeting of the
board of trustees of School Dis
trict No. 9 Tuesday, Jess LaBoeuff
was elected director of physical
education and athletic coach of
the Browning schools for the
coming year.
Mr.. LaBoeuff is we'll known in
Browning, having gra duat e d
from Browning high school in
1888. He was a star athlete and
an honor student during his
years in the local high school.
He was graduated with high
honors from the Montana State
Normal College at Dillon in 1912.
Since then he has been athletic
director and instructor in physi-
cal education in the high school
at Manhattan, Montana.
Aside from a splendid record
with his athletic teams at Man.
haitian, Mr.. LaBoeuff established
a noteworthy program of physical
education throughout the high
school and built up a plan of cor
receive physical exercises for
boys and girls who had problems
of posture and other physical
disabilities.
He h a gained recognition as
one of the outstanding physical
education specialists in the state.
The board feels very fortunate in
being able to secure the services
of Mr.. LaBoeutf as he had sever
al years Eft on his contract at
Manhattan, and the Manhattan
community was very loathe to
let him go. This will be the first
instance in which a graduate of
the Browning hi G h school has
serve ed as the director of the
physical education program.
Mr.. LaBoeuff will a O teach
classes in social science. Jess,
as he is Familiarity known in
Browning, is spending the sum-
mer in Dillon, but expects to re-
port early this fall to take up his
duties in Browning. He will be
accompanied by his wife and
daughter when he returns to his
post here.
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
W. A. GiIchrist Manager
Sherburne Mercantile:
Assumes Place mondav

Winston A. Gilchrist, former
instructor of Business Admins
tration at Behnke Walker Bust
ness College in Portland, Ore. =,
has accepted the position of gen.
eral manager of the Sherburne
Mercantile Co. He assumed man.
agement Monday.
MIR. Sherburne will continue as
president of tn e corporation.
Vacating the post asmanager, he
said, he will be able to devote a
larger share of his time to other
interests, including t h a of in
surance and real estate.
Hugo Clapp will continue as
manager of the Plumbing n d
Electric S ervice department,
while William Bercovich will con.
tinue as manager of the lumber
and hardware department.
Mr.. Gilchrist has had long ex.
perience in business management
as we'll as in h e field of educa.
ton. He received his LII. B De.
gree from the Detroit College Of
Law and his M. S. Degree from
the University of Oregon. Prior
to his connection with the Behnke
Walker Business College, he was
business manager of the Lewis
and Clark College in Portland.
His background a SO includes
construction experience in both
architectural and landscaping.
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
Robert SERVER Leaves For Chicago

Robert SERVER, music director
of Browning h G h school, left
Monday for Chicago. where he
will enroll in h Vandercook
School of Music for the summer.
He received his degree of Bach
elor of Music from t h a t school
several years ago, this summers
work being for completion of his
Masters Degree.
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
Jimmie DesRosier Visits

Jimmie DesRosier, pharmacy
student at t h Montana State
University, visited with home
folks Saturday. He is continuing
his work at h e school through
the summer.
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
Betsey And Herbert Home

Betsey and Herbert Sherburne,
who have been attending state
schools, are h o m e on vacation.
Betsey has b e en- at the State
University and Herbert at the
School of Mines.
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
Mrs. Cuardlpee Home From MissouIa

Mrs. Francis X. Guardipee re-
turned Tuesday from Missoula
where she had been visiting her
mother, Mrs. Grid, for a week.
Her son, Gunner, who Joined her
there last week, will remain with
his grandmother through t h e
summer.
Browning chief. [volume] (Browning, Mont.) 1941-1953, 1949-06-17
Foilick Closed Two DAYS

Closed for two days h e fore
part of the week to get in readi-
ness for its summer service, the
Follick Grill reopened Wednesday
morning. While closed the estab-
.ishment was made spic and span.