Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-21
LIFE POLICY SALES
GAIN IN SOUTHEAST
Middle Atlantic States, In
Guiding D. c., Lead All
Other Sections.
BY EDWARD C. STONE.

ASAAc AlouTdnCe safes IN the South
Atiantic section, which includes the
District of Columbia, show the largest
gain OF any part of the United States
Tor the first six months of the year.
according to reports received TODAY
from Hartford, Conn, the increase
being 10 per cent. This same section
also wins the national honors for
June, the best increase in all the
states being made by Florida, which
boosted sales A per cent, sales in
Florida totaling $11,694.O 900 as com
pared to $8.133,000 in June, 1925.
The section which has hung UP
these records for new business takes
In Maryland, Virginia, Delaware.
West Virginia, North Carolina, South
Carolina, Georgia and Florida. Wash
ington is added for good measure and
has reported a high rate of increase
for every month this year. The re-
port shows the whole country is well
ahead OF last June, the figures being
secured from the companies which
have SO per cent of the life insurance
now in force. The record for June
has been exceeded in only two pre-
vfous months, in December, 1925, and
in March, 1926.
Washington Gas Stock Strong.
Washington Gas Light stock led
the market again today, ~ shares
changing hands during the session, the
issue opening at 6S%, advancing to
70 and closing at SO, the highest price
reached in some time. Railway and
Electric preferred sold at 8S1k, and
Potomac Electric Power preferred sold
at 108, of a fraction from yesterday.
Merchants Transfer & Storage com
mon sold at 10 and the preferred at
1O1. Fifty shares of National Mort
ge and Investment preferred brought
81. In the bond division Potomac
Electric first 5s recorded 81, 900 sale
at 1904; Georgetown Gas IS figured in
$4,000 and $4,000 transfers at 100A,
while Washington Gas 6s registered
10415.
Bank Campaign Idea Spreading.
The educational campaign being
carried on by the District Bankers
Association through the advertising
columns Of the local newspapers has
aroused wide interest outside of Wash
ington. Pittsburgh, Indianapolis,
Cleveland and many other cities have
sent inquiries in regard to the way in
which the campaign Is being handled
and asking for copies of the inforna-
ton published.
The next chat will appear in The
Star tomorrow on How Bank Credit
Is Granted" 1t is an excellent talk
on a very important subject. The
other two talks in the series are on
What Determines Interest Rates
and "The Service Charge on Checking
Accounts
New Issues Announced.
The Standard Co. is today offering
local investors a portion of the
$2,100,000 of the Central Manhattan
Properties, Inc, secured sinking fund
8 per cent gold bonds at IS to Weld
over 6.33. d. A. Schultz, Inc, oper-
ators Of 268 tobacco stores, will lease
the real estate to be owned by the
Manhattan Co.
S. w. Straus & Co. are Offering an
issue of 100000 first mortgage fee
per cent sinking fund gold bonds
OF 1925 Realty Corporation, due In
1886 and secured by the land and a
large Keith-Albee Theater, store and
office building on Main street, New
Rochelle, N. Y.
Personal and Other Notes.
John M. Riordon, cashier of the
Bank of Commerce & Savings. Is
taking his vacation. He started out
with a visit to Skyland, Va, and has
now gone to Atlantic City.
1. A. Fleming has returned to the
city after spending a week on South
River at the Summer home of George
o. Watson, president of the Liberty
National Bank. Reports have it that
the fish he caught were much larger
than any taken by President Coolidge
during his recent run of extra fine
luck
The Washington delegates to the
institute convention at Dallas, Tex,
are homeward bound on the high seas
today, somewhere between New Or
leans and New York. The latest
word received from them stated that
Dollars and Sense" the local chap.
ters annual year book, made a fine
impression at the convention.
A survey Of the building and loan
associations Of the country has been
completed and issued in pamphlet
form by the savings bank division
of the American Bankers Associa-
ton.
Stock Buyer Loser in Suit.
The Nebraska Supreme Court has
held that If person submitting a
written message to a telegraph com
pany clerk fails to write legibly and
fails to read over the message to the
clerk, he has committed contributory
AS6A6StiCC IA dAAy SIIOA lLldt may OV-
cur. Campbell w. Fair, a wealthy
Omaha man, submitted to the Postal
Telegraph Co. a wire to J. S. Bache
& Co., New York City, advising the
broker to sell hundred "Ino," or In
ternal Combustion Engine Co. stock.
The telegrapher, not understanding
the letters and being unable to locate
Fair, sent "Ino" as two" and as a
result of the error Fair suffered a
loss and sued the telegraph company.