Evening star., 1950-02-23
D. {. insurance Sales
2Pct. Below 1949
During January
By Edward G. Stone

BY edword c. Stone
Washington life insurance
agents started 1850 off with jan
uary sales amounting to $9,035,-
900, drop of 2 per cent from
January year ago. a Hartford
report revealed today.
Maryland and Virginia reported
sharp gains in new business, both
scoring per cent advances. Mary
lands January sales totaled $18.-
10000 while Virginia sales
climbed to $20,647.000::
Nationally. January sales of ST.
131 ,041,0O0 were practically the
same as in January of last year.
the Life Insurance Agency Man
agement Association reported.
Policies written in WashingtCn
In the full year 1949 totaling S134,-
$4,000 were 3 per cent ahead Of
1948.
Transit Dividend Voted.
Directors of the Capital Transit
Co. today declared the regular
quarterly dividend of so cents per
share on the outstanding stock,
payable April / to stockholders of
record March 13. The dividend
will be paid out of earnings of
prior years.
Members of the Washington
Stock EXCHANGE have been much
surprised by the action OF Capital
Transit stock in recent sessions.
The stock has just reached 80
after selling as low as TIA last
year and as low as 1874 in l940.
Back in 1889 Capital Transit
dropped to 7 and was lower than
that a year earlier.
This years sales started at % p.
The stock began to move upward
at once and has now gained over
8 points, the largest advance OF
any issue on the board.
Buyers of stocks are never re-
ported by the exchange. 1t is
limited that the present buying is
from out of the city, perhaps for
the Florida interests who recently
bought control of the company.
Grosner Named Treasurer. >
Gerald Grosner of Washington.
head of the mems furnishing store
bearing his name, was elected
treasurer of the National Associ-
ation of Retail Clothiers and
Furnishers, at the annual con-
vention in Chicago.
Lincoln Service Corp. directors
have declared the usual quarterly
dividends of 3712 cents share on
the common stock, 8712 cents on
the TO preferred and 3712 cents
per share on the so preferred,
all payable March 13 to stock OF
record February %.
John G. Courtright OF the
Miller Agency of the Connecticut
General Life Insurance Co., won
Presidents Cup honors for pro-
duction in 1949 in his first full
year with the company.
Daniel I. Moler, designated
"agent of the year" by Lincoln
National Life, was given a testi-
monial dinner Tuesday night at
the Columbia Country Club by j..
D. Marsh & Associates. John
Marsh was POSTMASTER.
Hauser Opens Convention.
8. w. Hauser, president of the
Peoples Life Insurance Co., OF
Washington, opened the annual
convention at the Statler at a
dinner last night. William T.
Leith, vice president, also spoke.
Speakers taking part today and
tomorrow include w. w. White,
o. r. Hoover, T. F. Noffsinger, R.
G. Diepenbrock, L. w. Champ, E.
L. Hogan, r. B. Carter and P. B.
Settle.
The convention closes tomorrow
night with a banquet, with Ken
meth Anderson, of Hartford, as
guest speaker.
Packard Dealers Confer.
Packard dealers in this terri
tory, which includes Maryland,
Virginia, West Virginia and North
Carolina, are holding two-day
session at the Shoreham. with S.
D. Braden, zone manager, presid-
ing. The programs are in charge
of C. E. Briggs, from Detroit head
quarters, with Sam Potter. of New
York, as a leading speaker.
John T. Casey of the New York
public relations firm of Lee & Ross
was to address career guidance
conference at Georgetown Univer-
sity this afternoon on public re-
lations work.
The annual American Telephone
report shows that women continue
to own more than half of the COM
pany's stock. Of the 100000
stockholders, 100000 own five
shares or less.
The Manufacturers Credit Corp
of Washington has declared the
regular quarterly dividend of 361a
cents per share on the So pre-
ferred, payable March 81 to stock
of record March 18.