Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-03
LIFE INSURANCE
PAYMENTS Jump
Local PoIicyhoIderS Receive
S11,455, 900 in Year, Gain
of S5,542,00o. -
EY EDWARD c. STONE.

National Underwater. an insurance
journal. This is an increase Of $3ll-
100000 over 1927. The increase IN
1927 over 1925, was $l60,464,432.
Policyholders in the District of Co
lumbia received. Sill $4,000; Maryland
holders got, 29.4o0,000. an estimated
S2S.2S0.000 was distributed in Virginia
and s17450000 was turned over to
policyholders living in West Virginia.
, The District OF Columbia showed gain
of S5,542o00 in 1923 over the amount
paid to policyholders during 1927.
The largest payment anywhere in the
United States was on the life of Rod
man Wanamaker. whose insurance
amounted to $500. $50. Mr.. Wanna
maker for many years was noted as the
most heavily insured man IN the world.
although with the adaptation of life
insurance TO protect business enter"
prises, a. number of individuals are
reputed to carry more than was paid on
Mr.. WanamaSer's death.
New York naturally leads the States
in volume of payments, the life insur-
ance distributions in that State being
1927. 100000. Pennsylvania comes sec
ond with $50 900, 0C0 and Illinois third
with S173 100000. Ohio shows Sl29,-
O0O 900. all other States receiving less
than 100000 900.
s4-Cities With SI.OOO.OOO.
There were a. cities in the United
States and Canada in which the pay
ments amounted to 81 100000 or more.
New York naturally led, the amount
there being S68O46 900, an increase of
S5.OO0.000 over 1927. Payments in
of nearly S3,O0O000 Philadelphia
came third with S23,O230OO, a gain of
nearly S4O00000. Pittsburgh again
was fourth. with Sl2.70O 600, somewhat
less than In 1927 Brooklyn shows
sl2.17a000. passing Detroit. which
shows sll.930.O00. St. Louis holds
seventh place with $10,850,000, being
newcomer in the $l0.oOO.ooO rank.
Cleveland comes next after st. Louis
with S9.586O00, followed by Cincinnati
with S9.226,00o Then come Los Angeles
with S8,767 900, Buffalo with S8,740,000,
Baltimore with s817S70O. Minneapolis
with $7.335.0o0. Kansas City with
$7058000 and San Francisco with
56,540O00. Milwaukee shows $5.S00,000
and Washington. which ranged seventh
in 1927. follows Milwaukee for 1929 with
55.542,00o Newark. N. j., shows
s5.nn0.000.
Leading the s3OOO,OOO class is CO.
Iumbus. Ohio. followed by Richmond,
Va; Toledo. indianapolis. Montreal,
New Orleans. ST. Paul. Memphis.
seattle Hartford. Dallas and Nashville,
Ten.
Check Payments Decline.
Check payments during the week end
I'd July 81 were smaller than in the
preceding week. but larger than for the
corresponding period of 1929, accord
ing to the Department of Commerce.
Greater activity in steel plants was re-
corded than in either the preceding
week or the similar period of last year
Distribution of goods through primary
channels, as indicated by car loadings
covering the latest reported week, was
greater than year ago
General index of wholesale prices
showed a gain over the preceding week.
but was still below the level which pre-
vailed year ago Prices for iron and
steel we're lower than in the preceding
week. but higher than in the CORE
spending week Of last year. Cotton
prices on the other hand. were lower
than in the previous week or year
ago Business failures were more num-
erous than in either the preceding week
or the corresponding period of 1928.
Receipts of cotton into-sight were
greater than year ago.
Conditions in South Improve.
Despite the fruit fy quarantine and
the epidemic Of bank failures in Florida
and recent strikes in other Southern
States. a special survey of trade and
credit conditions in the Southeast, con-
Quoted by the National Association OF
Credit Men. shows conditions generally
.jnnroved over last year. The survey
covers the States of North Carolina.
Kentucky, Tennessee, Georgia and
Florida.
OF the manufacturers and whole
salers reporting. 81 per cent indicated
a larger and AZ per cent smaller
volume of sales in 1929 than in 1928
Rejecting fair collection conditions
during the first half year, AZ per cent
reported larger and So per cent
smaller volume Of receivables on July /,
1929. than on July !, 1923.
For the next six months 30 per cent
anticipated larger and 81 per cent
2 smaller number of failures. while il
per cent expected no change. Sum-
rnarizing the general business outlook
in the Southeast 60 per cent expected
improved sales and collections for the
remainder of the year. IS per cent no
change. and per cent less favorable
conditions.
r. e. o. Half Year Showing.
Baltimore e. Ohios net income for
the first six months of the year. with
other income and fixed charges esti-
mated on the basis of those reported
for the first quarter Appropriated
sSlU.GUO,uUu, tQulNdJSLlL W PHO n SIldIc
on the S2f5137, 900 common stock out
standing during nearly all of the period.
In the first half of 1928 the road earned
a little less than So share on the
same amount of stock. On the $685.
100000 common 10 be outstanding when
the new stock subscribed June 20 is
fully paid. earnings for the first half
OF this year would be $3.50 a share.
Heard in Finsncia District.
George M. Whitwell. secretary Of the
Washington Gas Light Co., will spend
his vacation motoring in Maine.
Charles w. Warden. vice president
of the Continental Trust Co., Is dis
pensing cheer to bond statesmen. He
aces easing of the money situation ahead
and looks for a better tone in the bond
market. one reason being the large
number of county bond offerings avail
able at prices to yield up to 6.25 per
cent.
B Gwynn Dent and c. Francis
Rainey. assistant cashiers of the Riggs
National Bank, left this week for their
annual vacation of a month.
Robert F. Calill of M. J. Meelnan g.
Co has returned from visit with Jo-
Eeph P. Tumulty at Spring Lake, N. j.
Arthur Foraker, manager Of the
Washington Office of Eastman. Dillon 4,
Co.. passed part Of the week in New
York on business.
Washington Bank CIearingS.
Bank clearings in Washington for the
week ending August totaled SIS PA
900 In comparison with S26,504, 900 III
the previous week. The total was an in
crease of lie per cent over the CORE
spending period year ago.
Clearings for the country as a,whole
showed a gain of 3.3 per cent over the
previous week and 1872 per cent over the