Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-22
GAIN in INSURANCE
SALESIS REVEALED
District Total for April Is 80
Per Cent Greater Than
in April, 1929.
BY EDWARD C. STONE.

u BY EDWARD c.. STONE.
Life Insurance sales during April in
the District Of Columbia showed gain
Of 80 per cent over April, 1929. according
to q report just made public In Hartford.
Conn. ,..+.
Vermont, Iowa, Delaware and Mon
tana were the only sections OF the coun-
try that made q better record than
Washington. In the South Atlantic Sec
ton, West Virginia made the best gain
with an increase of Is per cent.
The average gain for the whole United
States in April was per cent. North
Carolina fell below the national average
with gain of only 2 per cent. while
Virginia scored a gain Of but per cent.
Maryland insurance fell OF during the
month, the State reporting decrease OF
4 per cent. Georgia sales were of 8
per cent and South Carolina per cent
in the same period.
Florida made an excellent showing, be-
ing per cent above West Virginia with
q IA per cent increase. Alabama footed
the List of all the States in the Union
for the poorest months business, report
ing a decline of 19 per cent over the
same period year ago.
The country as a whole shows sub
stantial increases in insurance sales for
the first four months of the present
year, the volume being 5 per cent above
last year. The average gain for the
four months is IL per cent.
C. g. p. Phone Revenues.
month of April were $740,501, with
operating expenses Of $530,022, the re-
port Of operations of the Chesapeake q
Potomac Telephone Co. to the Public
Utilities Commission shows. Net reve-
nues after deducting taxes and uncol-
lectible were s157,285.
For the four months ending April 80,
the company's operating revenues
amounted to $2,867,072. Operating ex-
penses for this period were $2,107,2 40,
making net revenues after deducting
taxes and uncollectible $559,513. In
1929, operating revenues for the first
four months were $2,801 ,222, with ex
penses of $1,978,45 making net reve-
nues after deducting taxes and I'M
collectible, $613,275.
Taxes for April amounted to $50 PIG,
which was an increase of $2,706 over
taxes for the same month last year.
Gross additions to plant and equipment
in the District Of Columbia for the four
months ended April 80 were 81 ,458, 1877.
Retirements during this period were
$3.50 ,534, making net additions $500, 1858.
Net additions to plant for the IL months
ended April 80 amounted to $3,698, 625.
Washington was served by 16l,772
telephones at the close of business April
30. During the month 726 telephones
were added to the system. Telephone
users in Washington made 1881, TOO
calls during the month.
Dollars and Sense Appears.
The May issue of Dollars and Sense,
published by Washington Chapter,
American Institute Of Banking, has ap-
peared and as usual contains much in
teresting information. The need of
Gated business of banking was stressed
in an article by George o. Vass, vice
president of the Riggs National Bank,
entitled Following Through" "Ruts
and Realities" Is the subject taken by
Ben Alley, national vice president of the
A. I. B., while Gurden Edwards of the
American Bankers Association, and
Richard w. Hill, national secretary Of
the American Institute Of Banking, and
other contributors. :
The May issue covers all the depart
ments Of institute work, these reports
being made by committee chairmen.
Raymond D. Lewis is the editor, assist
ed. by w. G. Winstead, Mabel Royce
and Mildred Woodcock. The business
manager Is Robert e. Lee and the cir
culation manager Harry Morris.
Thompson Heads Exchanges.
At the closing session Of the con-
vention of Associated Stock Exchanges
in Minneapolis. the following officers
Eugene e. Thompson, Washington
Stock Exchange, president; w. M.
Louderman, st. Louis Stock Exchange,
vice president; Clark G. Mickey. Detroit
Stock Exchange, secretary-treasurer.
These officers and the following make
up the board Of governors for the COM
ing year: H. w. Newman. New Or
leans Stock Exchange; N. p. McKin-
non, Minneapolis Paul Exchange; p.
B. Cannon, Los Angeles Exchange: w.
z. Fox. Cincinnati Exchange; r. L.
O'Brian, Buffalo Exchange, and Claude
r. Pugh, Pittsburgh Exchange.
This Is the third or fourth term that
Mr.. Thompson has been president Of
the association. The delegates were
most enthusiastic over the convention.
complished during the past year in the
way of strengthening the various ex-
changes in the association.
Local Exchange Quiet Today.
Only 10 shares of Capital Traction
stock appeared on the local stock ex-
change today following the announce
ment that the merger proposal had
again been delayed. This 10 shares sold
at II fiat.
Norfolk & Washington Steamboat Co.
rights sold at 17ia, Potomac Electric
Power 5ls per cent preferred at 107la,
and Washington Railway g. Electric
preferred at 9SA.
Three shares Of National Savings &
Trust Co. stock sold at 56l and five
at 104. There was much more in
terest in bonds than in stocks.
Washington Gas IS, series A, moved
at 1929, Washington Railway g. Elec-
trio Is sold at 87A and Potomac Elec-
trtc consolidated IS changed hands al
1924.
fractions Report for March.
The March statement of operations
of the Capital Traction Co. was sub
mitted to the Public Utilities Commits
sion yesterday and shows net income
for March was $45 ,692.36, as against
S72,087.e 90 for the month a year ago, q
decrease of $26,295.62.
For the first quarter net income
totaled $116.546.01, as compared witt
$l47,o35.07 for the similar period ir
1929, a decrease Of $3l ,389.06
There were two special reasons FOL
the drop in earnings in March-Eastel
did not come until April and year
ago traffic was up because Of inaugu-
ration crowds.
Heard In Financial District.
The American Stores Co. has declared