Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-12-17
GAIN IN INSURANCE
POLICIES IS SHOWN
General Increase Reported in
Survey of Association
of Presidents.
BY EDWARD C. STONE.

bH EDWARD u. SIONE,
New life insurance production during
November was 12.5 per cent greater
this year than in November, 1923. The
October increase was 81 per cent. The
November record brought the cumu-
lative increase for the first IL months
of this year up to Ga pc cent from So
per cent for III first 10 months These
results are shown by compilation by
the Association of Life Insurance Presi-
dents.
For November ordinary insurance
amounted to $704,3l6 900, against $685.
So, 900 in 1928; industrial amounted to
$249, 246, 900 in 1929, against $202,948,-
600 in 1923: group was $50, l65, 600,
against S53. 569. 900 in 1928. The aggre-
gate Of all classes amounted to 81. 039,-
727,000, compared with S924,l5OOO0 in
1898.
For the l1-month period new ordi-
nary insurance amounted to $7,960 ,652,-
900 this year, against 1889 ,248,O00 last
year. Industrial was $2,664,ll2,0 900 in
1929, against 81, 446, 477,000 in 1928 and
group was ST. O24, ISL 900, against ST.
lll,993, 0O0 The total new life inSur-
ance during the first IL months of 1929
amounted to $ll $40 81 S 1000, compared
with s10,947, 1913, 900 during the same
period of 1928.
Following three weeks of advance
commodity prices showed decline OF
OF per cent for the week ended Deem
Der IA, according to the wholesale price
index prepared here by the National
Fertilizer Association.
Seven of the IA groups showed
declines and the remainder were I'M
changed. OF the total number of items
46 declined during the week and only
6 advanced.
The largest declines occurred in fats
grains, feeds. live stock. textiles and
textile materials. miscellaneous COM
modities, certain foods and gasoline.
Based on 1926-1928 as 100, and on
A.: quotations, the index for the week
ended December IA stood at go; for
that ended December z, 95.7; for that
ended November 30 $50, and for that
ended November %, 95.1.
Title Company Elects Trustee.
H. Glenn Phelps was added to the
board of trustees of the Columbia Title
Insurance Co. of the District of Column
bia at the annual meeting of stockhold-
ers held yesterday. Phelps succeeds the
late Charles j. Bell.
Trustees reelected were Allen C..
Clark. James j. Becker, Spencer Arm
strong, Edgar M. Mayne, George w.
White, Edward j. Stellwagen, F. L..
Sandoz. William j. Father dr., James
B. Nicholson, Randall H. Hagner. John
Edmund Cammack, William B. Willard,
Erskine Gordon and Woodbury. Blair.
Insurance Lectures Grip Hearers.
The Insurance Club of Washington
states that very real interest is being
manifested by insurance circles in the
series of lectures on fire insurance now
being given under the supervision OF the
Insurance Institute of America. Last
night Eugene Young of Young & Simon
completed the last of his series of three
lectures on the Fire Insurance Con-
tract"
The class will adjourn over the holi-
days until January 6. when William
Rodda, engineer of the Underwriters
Association of the District of Columbia,
will give the first of three lectures on
Building Construction"
About 70 insurance men and women
are enrolled in the course, according to
A. j. voorhees,, president of the club.
Lively Trading on d. C.. Exchange.
There were IS small-lot transactions
in Lanston Monotype on the Washing
ton Stock Exchange today, all being
made at lot, except two shares at
1862.
Ninety-five shares of washington Rail-
way & Electric preferred changed hands
at 94%. Capital Traction figured in
. single sale at IS.
Three banks stocks were out. three
10-share lots of Commercial National
selling ex-dividend. the regular and
extra at 255, sale as the last sale. Lin
coin National sold at AIS and Riggs
appeared on the board at $50.
Bonds were in good demand for sew
eral different issues with prices holding
at recent levels
Bank Merger Plans Progressing.
1t was reported today that the plans
for the proposed merger of the Com
mercial National Bank and the Cont
mental Trust Co. are progressing ia
vJrably. The plans were presented in
formally to the directors of the Com
Inercial National late yesterday.
The heads of both banks have indi-
Gated that so far nothing has developed
that would block the consolidation. In
every proposed merger there are count
less details to be worked out which cam
not be considered too hurrledly.
Other than to state that Wade H.
Cooper would become president Of the
merged banks, if the merger is carried
out, there has been nothing said about
personnel. This is always one of the big
problems, but one that is usually not
even considered until many other de-
tails have been agreed upon.
Officers Honor Bank President.
The officers and directors of the
Bank of Commerce and Savings gave
a dinner to President Maurice D. Rosen-
berg last night at the Willard, in honor
of his coming marriage to Miss Elsie
Sanders. Joseph Sanders, first vice
president of the bank and brother OF
the bride-to-be, presided. The congratu-
lations of the officers and officials were
presented Mr.. Rosenberg by Joseph H
Milans, secretary of the board. M. A
Leese, director, in behalf of his as
sociates presented Mr.. Rosenberg with
a handsome electric hall clock.
New Styles Slow Up Sales.
The Business Week, New York, says
today that the the ratio of lockers
to buyers" has been increased by the
latest styles in women's dresses.
Women have been waiting to see il
the new longer styles in skirts were Il
be generally adopted They have beer
doing lot more looking than buying
TIE sale Of dragging" skirts for street
wear is dead, the publication says, anc
some bargains have been necessary u
push some of the styles forward.
Business Week adds that sales in thu
fur industry have been slow recently
Two factors have been the cause, tn,
warm weather and possibly furthel
changes in womens garments. Some
remarkable bargains are being offered t.
brace up the retail market, the maya
zine states.
Local Financial Notes.
The interior of the American Secur
ity 81 Trust Co. does not look quite nat
ural. owing to changes among the Offices
President Corcoran Thorn has turne
his office over to Vice President Howar
Moran and taken the Office formerly oc
cupied by the late Charles j. Bell. Incl
dentally, this is the Office Mr.. Thor