Evening star., 1951-03-15

VI - OI1dt &f&SH
Mr.. Bennett, in
cooper alton
with industrial mr. Denhe'''
leaders. has developed unusually
interesting methods of explaining
how the American competitive en-
terprise system works. With dra-
matte visual aids. he Is presenting
them to sales managers in the
expectation that a program can
be carried on in every community
to help Offset misinformation and
propaganda advanced in the in
terests Of other economic systems
Lawyers Title to Move.
Lawyers Title Insurance Co. OF
Richmond will move its Washing
ton ONCE from 923 Fifteenth
street NV. to the new World
Center Building at Sixteenth and
z streets NV. around April /. it
was announced by Carlton U
Trexler, assistant secretary.
The company's annual report
out today, showed assets at the
end Of 1850 totaled $9,637 1888. ar
increase Of $2.111,961 from veal
earlier. Surplus of $2,209,375 was
up $679 1854, and legal and Other
reserves Of $3,102,o57 were w
$663.31S.
The company qualified to de-
business in five additional State.
and Puerto Rico during the year
It now is licensed in 80 States
the District and Puerto Rico.
Efficiency Records Set.
AS a result of improved road
and equipment, the Baltimore &
Ohio Railroad set new efficiency
records In 1850, the annual report
declared. Net tons per train and
net tons per hour Of crew time
reached new peaks.
The B. & O. spent $24, ,481, ,112
for improvements and additions in
the year. 1t acquired 174 new
Diesel locomotives and with "a
more on order at the year end,
will have a Diesel feet of 500
units. the report said. Outstand-
ing bonded debt was cut $5.-
765.000.
Total income totaled SAIL ,228,-
653 in the year. Wages took 46.13
cents Of each dollar; fuel. ma
terials and services took $3.50
cents; taxes, 8.75 cents; interest,
COS cents; rents. 2.38 cents. and
miscellaneous expenses, % cents
Net income amounted to 1866 cents
for each dollar received.
Mergenthaler Linotype Co. stock
sold on the Boston Stock Ex-
change yesterday ex-dividend at
SO, down 22s points from the last
previous sale.
Named Insurance Director.
Z Taylor Chewing, ST., o1
Washington has been elected g
director Of John Hancock Mutua
Life Insurance Co., President Pau
r. Clark announced.
Mr.. Chewing, who has been 6
Washington resident for more
than SO years. is president of thu
United Clay Products Co. and thu
Continental Clay Products Co. ane
. director of Riggs National Bank
Life insurance companies paiC
out $l3.S60.000 of benefits on 49,
37l policies in the District during
1850. the Institute of Life Insur-
ance reported. Included were:
$9.0S3. 900 on 2,673 ordinary life
policies, $2,93S,000 on 3,113 oil
group policies and $1,839,000 or
1885 industrial policies.
Building Activity Rises.
Permits for 1858, ,788 worth OF
building were issued by the Dis
trict In February, compared with
$6.648,291 in the previous month
and $3,248.755 in February, 1850
it was announced today.
Permits issued in the first two
months Of this year were valued
at $15.208,079 VS.. $S,990,258 a yeal
earlier. Both the February and
two months totals were the high.
est on record for those periods.
Inventories of Washington de.
partment stores were 16 per cent
above a year earlier at the end o1
January, the Federal Reserve
Bank Of Richmond reported. Out
standing orders were As per cent
above the same 1850 date. Col
lections on open accounts during
January amounted to Al per cent
Of January receivables, while
collections on instalment &C.
counts were II per cent of re.
ceivables at the first of the month
CHM Co. Officers Elected.
Directors Of M. s. CHM Co., of
fee supply retailers, have elected
the following officers: John F
Thomas, president; M. S. Mar
shall. executive vice president ant
treasurer: William B. Everets
Ralph A. Murdock, Robert W
Berrett and Byron Sedgwick, VIC
presidents; Robert w. Tappan
assistant vice president: Fred J
Kyttle. secretary; Glen e. Mark
ham, assistant treasurer.
Hunter c. Harrison of tn
Washington sales Office Of Libbey
Owens-Ford Glass Co. has beer
transferred to the general Office
Of the company at Toledo, Ohio
to become assistant to the genera
manager, industrial sales depart
ment.
Charles 6. Virgins, formerl,
advertising manager of Armee
Force Weekly. has been namee
assistant to Karl J. zimmerman
manager Of the Washington Of
ice Of Borg-Warner Corp.