The Washington times., 1927-12-23
D. c. INSURANCE
LEADS j. s.
BY RICHARD HATTON

terest manifest in washington in
recent months in life insurance
trusts and the cooperation between
banks and life underwriters in the
important field of life insurance in
general. In this connection 1t Is
Of interest to note that the people
Of this city are not unmindful OF
the benefits of life insurance and
that the District of Columbia leads
all States in the percentage Of gain
in November as indicated by report.
ing companies in the United States
and Canada.
November sales of ordinary life
insurance as recorded by these com.
panies amounted to s662. $4,000.
This is a loss of about $30,000.OO0
over sales in November, 1925. New
business during the first IL months
of this year increased per cent
over the production in the same
period last year. These figures rep
resent the reports of 81 companies
having in force 80 per cent Of the
total life insurance outstanding in
the United States legal reserve
companies and include the produc-
tion of new paid-for ordinary in
sufance exclusive of reviVals, in-
creases. dividend additions, rein
surance from other companies, and
group insurance.
Grain I'm November
Sales of ordinary life insurance in
the South Atlantic States show a
slight gain in November as COM
pared with the corresponding month
of last year.
November sales in this section to-
tailed $5S,527 900. a gain Of per cent
over November. 1926. The District
of Columbia leads this section and
all the States in the country with
its high monthly gain of 80 per cent.
Virginia follows with an increase of
IL per cent. For the first IL months
of the year, North Carolina shows
q gain of 10 per cent, leading the
section in the year-to.date increase.
North Carolina also leads for the
12-month period ending with No.
Vember with its increase OF 8 per
cent. The section as q whole
showed a slight loss for this period.
Declare Dividend
At their regular monthly meeting,
the directors of the North Capitol
Savings Bank declared their usual
semiannual dividend to stockhold.
ers Of S per cent and voted a trans
fer of $4,000 to the surplus account.
making total capital and surplus
of $150.000. In addition. a Christ.
mas bonus has been distributed to
the employees
The bank has recently completed
remodeling the banking room. re-
moving the bookkeeping department
| to the second floor. This has in.
creased the size OF the lobby, the of.
ficers' quarters and the tellers'
| cages.
At a rcent meeting the board OF
directors of the National Capital
Mortgage Company declared the
fifteenth quarterly dividend at the
rate of 8 per cent per annum for
the quarter ending December 81,
1927.
Toys in Bank
The mobilization OF toys which
surrounds the giant Christmas tree
in the Federal.American National
Bank continues to be the Mecca for
innumerable youngsters who are get.
ting comprehensive ideas as to the
supplies Santa Claus has on hand
and the fundamental storehouse OF
all Christmas cheer-the banks.
| A dividend at the regular rate of
per cent on the preferred stock
has been declared by the Federal
Capital Hotel Company of Washing.
ton, ID. c., Tor the quarter ending
December 81, 1927.
The board of directors OF the
American Bond Company has voted
the regular dividend at the rate of
per cent for the quarter ending
December 81, 1927, payable to all
stockholders Of record December 20,
1927.
Extra Dividend
The directors OF the National
Metropolitan Bank have declared an
extra dividend of ! per cent and
voted a Christmas bonus OF per
cent Of the last years salaries to
all employees.
Employees of the Federal.American
National Bank will distribute Christ
mas baskets to a number of families
known to be in need.
| The Washington Stock Exchange
will be closed on Saturday and Mon.
day, making q three.day holiday.
The New York Exchange will not
close on Saturday.
|