Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-05-19
Life Insurance Sales
Here in April 10 Pei.
Below 1949 Period
By Edword c. Stone

~SbS" tA'A SttV~
By Edword c. Stone
Life insurance sales in Wash
ington during April totaled So
$4,000, a drop of 10 per cent
from April year ago, the Life
Insurance Management Associa-
ton reported in Hartford today.
Sales in the District in the first
four months of 1850, however,
totaled $40,844, 900 and were only
2 per cent under the like 1949
period. This slight drop COM
pares with national upturn of 6
per cent.
Maryland showed a gain of 90
per cent in April with new poll
cies totaling $23.439. 900. In the
four months, sales amounted to
$86,333,000, or l6 per cent over
the same 1949 period.
Virginia'S April sales of $25,-
10000 and $95, 1888, 900 in the
four months were both 8 per cent
better than year ago.
Linotype Dividend Voted.
Directors of the Mergenthaler
Linotype Co. have declared quar-
terly dividend of IS cents a share,
payable June Is to stock of record
June 6. The same amount was
paid in the first quarter.
Holders of Chesapeake & Ohio
Railroad common stock were much
pleased with the declaration of so
cents per share, payable June 20
and a dividend of 87l2 cents
share on the preferred, payable
August !.
At the meeting held in Wash
ington, President Walter j. Tuohy
reported April net income of So
$4,000, equal to 48 cents a share
on common. Earnings in the first
four months of 1850 were equal to
So cents common share.
Randall Buckingham Honored.
Randall Buckingham, vice preSi-
dent of Woodward & Lothrop, has
been elected director of the Store
Management Group of the Nation
al Retail Dry Goods Association.
Mrs. Burdette H. Monroe, chair
man of the Safe Deposit Section,
District Bankers Association; Mrs.
Ocie Brown. Suburban National:
Claude E. Williams, American Sc
curity, and John L. Cain, Wash
ington Loan, will attend the con-
vention of the American Safe De-
post Association, in Chicago, May
1927.
Fred D. Gwynn, editor of Won
der Flame, published by the Wash
ington Gas Light Co., has been
elected president of the Middle
Atlantic Association of Industrial
Editors. He succeeds Robert D.
Coffman, Potomac Electric Power
Co.
Maryland Bonds Popular.
At least four banking groups
are expecting to enter competitive
bidding for. the $25 million bonds
which Maryland is putting up for
award on May 81.
The groups are headed by the
National City Bank, Chase Ma
tional, Harris Trust Co. of Chi
cago and the First National of
Chicago. The bonds mature in
IS years and will constitute a
general obligation of the State.
OF the total financing, $19,-
$1,000 will go to various Maryland
counties for school construction.
The remaining $5,373,000 will
finance improvements in State
institutions.
Airlines Earnings Mount.
April business of National Air
lines was 60 per cent ahead of the
same period last year, the COM
pany reporting a profit of $344,793
for the month. In April, 1949, Ma
tional earned $78,345 from opera
lions plus retroactive mail pay
payment of $415.962.
For the 10 months of the COM
pany's 1850 fiscal year, earnings
totaled $501 ,638. equal to so cents
per share, against $685., 462, or 38
cents a share in the same 1949
months.
1t was announced today by Gen
eral Manager H. P. Brightman
that Mid-Atlantic Appliances, 2046
West Virginia avenue NE, has
been appointed distributor for the
Sunbeam line of small appliances,
for the District and surrounding
area.
Steel Situation Reviewed.
The Fred S. Gichner Iron Works
reports that steel bars and strips
are now in steady supply in this
territory but producers are behind
on orders for sheets and plates
which remain tight in supply. The
demand for all types of steel is
above normal in the Washington
area and also above the national
average
James R. Common has resigned
as public relations manager for
r. Mars and taken a similar posi-
ton with the Grand Union Equip
ment Co., in Washington at 1916
Fourteenth street NV.
T. William Blumenauer and c..
G. Harrell, jr., of the Columbia
Federal Savings & Loan Associa-
ton, and Vivian D. Loving, First
Federal Savings & Loan Associa-
ton of Arlington. will take part in
five-minute speech contest at
the graduation exercises of WASH
ington Chapter, American Savings
and Loan Institute. June II, at the
Shoreham Hotel. The winner will
attend the national convention.
The Washington Rubber Group
will hear Capt. William R. Mills
Of the Bureau of Ships, and B. S.
Carney, jr., Sharples Chemical,
Inc, at the Cosmos Club meeting