Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-04-16
INSURANCE SALES
BY ACACIA HEAVY
March Total SO, 744, 600.
Montgomery Completes Third
of Century With Firm.
BY EDWARD c. STONE.

Insurance totaling $9,744.600 was
written during March, Builders
month, by the Acacia Mutual Life AS
sociation This month was dedicated
TO William Montgomery. president or
| The organization, who has just COM
Melted one-third of century in the
service of the association. During the
month there were 3,165 applications
| for insurance, the average amount OF
each application being S5,0iS. Inc
average production per agent totaled
| $32,054.
| Listed on the honor roll for the
| month are the names of 126 agents,
who wrote 900 or more of insur-
ance. six topping the 100000 mark.
| The highest amount written by any
| individual was $158,000, while the
greatest total written by any agency
was $S0S 600 by the Chicago branch
The home office, in Washington,
ranked third among the agencies
writing total of $4S0,000 of life In
surance. The highest amount written
by any agent in the Washington office
otaled 100000 and the average produc-
ton per agent was S53,333.
Brokerage Firm Enlarges Offices.
T.. A. Pierce & Co, one of the largest
New York Stock Exchange brokerage
houses in the country, has just ma
terially enlarged it's Washington office
in the Transportation Building, Seven
teenth and H streets. An interesting
innovation is the opening of a speclal
department for women customers.
They are to have their own room ana
their own quotations and by pressing
a button can call an attendant TO take
their orders.
The enlarged offices will also contain
private rooms for limited NUMBER OIL
the largest traders. Each one OF these
private offices will have it's own ticker
service. The firm is to have new
library, while the regular quotation
board is most convenient. Joseph ii.
Hines. one of the owners of the build
ing, is partner in the broker frm
and he has seen to it that the offices
have a ground floor location with an
entrance from the street and one from
the main corridor.
e. A. Smythe. son of the late chief
Justice of the Court of Appeals in the
District, is local manager, Harold
Smoot, son of Senator Smoot, ana
RAYMOND Sauter are other members
of the Office staff.
Stocks Working Toward Ceiling.
Moodys Weekly Review says, in
part:
1.-THE market is broadening and
stock prices, after having moved hort
| Zontally for nearly four months, have
lately begun climbing. How far the
rise may go is impossible to estimate,
but a further advance of something
like 31a to So points would take the
market up to the theoretical ceiling.
Investment opportunities in the
stock market are increasingly difficult
to find. We see no logic at present
in either buying speculative stocks or
selling high. grade investment stocks"
Farm Values OFF 80 Per Cent.
Seven years ago, in 1920, the aver
age value of an acre of farm land in
the United States was SOS, accord
ing to figures compiled by the Depart
ment of Agriculture, and ii has de.
clined each year since until it is down
to only SIG. This is a decrease of 30
per cent. There has been some de-
cline in every section of the country,
but the most severe ones have been
in the Central and Western States,
where the farm lands are most valu-
able, and least in the South and in
New England, where the values are
lower.
Heard in Financial Districts.
Fenner G. Beane, with Offices at the
Willard Hotel, announce that ben raj
bot, for many years a financial Writer
in New York, has become associated
with this New York Stock Exchange
firm in an advisory capacity.
S. w. Straus & Co. announce that
the s1O,995, 900 General Motors Build
ing Corporation first mortgage per
cent bonds outstanding ON May /,
1927, have been called for redemption
as of that date at 1071a.
Local stockholders i'll the Southern
Railway were much pleased in the re-
mort that the road had won in the SUI
irene Court its suit to prevent col
lection of the Kentucky corporation
franchise tax which the State attempt
ed to collect on property outside OF
the State border.
The offices of T., II. Rollins & Sons
in the Woodward Building were closed
today out of respect to the memory or
Richard B. Young, former vice presl-
dent and lifetime associate of the nrm,
who died in New York.
The McCrory Stores Corp. is plan
ming to add Is new stores to Its pres
ent chain of 200 in the near future.
Bankers Form Tennis League.
The organization of the Bankers
Tennis League has been perfected,
and officers elected are William w.
Riecks. Commercial National Bank,
president Wayne c. Trackler. Nc.
I,achlen Banking Corporation, vice
nresident: Horace Morrison, Franklin
National Bank, treasurer, and George
Mcclellan. Lincoln National Bank,
secretary.