Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-21
DISTRICT is FIRST
IN new INSURANCE
September Figures Reveal
! Gain of IL Per Cent Over
1929 Result.
BY EDWARD C. STONE.


thu Union in the amount Of insuranc,
written In September, compared
with September, 1929, the increase BE-
ing az per cent. wyoming, Florida ant
Virginia were the only three States tt
reveal O gain over last years figures
for the same month.
washington gained IL per cent, wy
0nihg IL per cent, Florida and Vir'
ginlA 2 per cent. Every other State II
the Union reported less insurance writ
ten than in September, 1929. This made
the average for the country lower, the
United States as whole showing ar
average loss of 10.9 per cent.
Ordinary life insurance is one OF tie
very few industries whose production
1oT the year 1890 to date balances thai
Of the same months Of 1929. During
the FIRST months Of the year sales o.
life insurance continued to increase
while other Industries were recording
losses.
Itwas not until May that the life in
0uKance curve took q downward trend
The gains in the early months were suf-
ficteTit to offset the decreases since April
% that at the close of September the
production of the nine months Of 1928
and 1880 is practically the same. This
condition is general throughout the
country, no section greatly exceeding or
falling far below last years production.
Both Maryland and West Virginia re-
ported loss Of 9 per cent, North caro-
lima business was on 2 per cent. Ala
hama and Georgia fell behind IS per
cent and South Carolina was OF 20 per
cent Delaware reported the heaviest
monthly loss Of any State, IS per cent.
Lively Trading ON Exchange.
Trading was quite active on the
Washfngton Stock Exchange today, with
prices Changing very little. The nrst
Security Il Trust Co. at $40. Over 50
shares Of Barber g. Ross common came
out at is, Chevy Chase Dairy prefer
red sold at 1855 and Mergenthalcr
PEOPLES Drug Stores preferred sold at
1907 and 100 ana washington Rail-
way & Electric preferred registered q
i0-shares sale at '0s3z. The remaining
trading was nj bonds.
washington Gas S., series A, regis
tered 1882. while Gas IS, series p,
moved ct 1864. Railway q Electric Is
came out at 80934 on $4,000 turn-
over. 3g
Leans Up sS1, 100000 in Week.
TheiFederal Reserve Boards condition
atataeunefat of weekly reporting member
ranks IA leading cities on October 10
el1owS increases for the week OF $l0Is-
600 600 IN loans and investments, &2lO,.
600 600 In net demand deposits ana
e3T 900 in borrowings from seo oen
Reserve banks, and decreases OF S0sVuv,-
600 IN time deposits and $5.OOO,O0O IN
Government deposits.
loans On securities, which at al re-
portiuR banks were $4,000, 600 below
fhe prevaous weeks total, declined 423.-
f1ClC 600 In the New York district, ST.
600 .OO0 IN the Boston district and So
OOO. 200 In the Kansas City district. and
Increased $sl. o0o,0O In the Chicago dis
sAIi other" loans increased sc. 00o,-
600 III Ahe New York district, $8,OO0,0 600
In the Cleveland district and S61 ,000,.
600 at ali reporting banks, and declined
SO 900, 600 in the Philadelphia district
and $6oOnOOo in the Chicago district
ola o. Net IncOne on.
Gross revenues of the Chesapeake ~
Ohio railroad for September were $12.-
1902. q decrease Of 4l,366,lI1 over
September Of last year; operating ex-
nenses were s7.O23.977. q decrease of
SI,I94,566, as compared with Septem-
Der ofsaast year; net railway operating
income is $4,272. 500, q decrease Of
1926, SEQ over September Of last year.
The net income, after all charges for
the month Of September, 1880, was e3.-
775,6f2. 4 decrease of $272, 4O7 over
September Of last year. The operating
ratio Is STD per cent, compared with
sos per cent for September OF last
For the nine months ended Septem-
Der 80. 1890. The Chesapeake & Ohio
Railway Co., shows gross revenues Of
sos, 53D.031, q decrease Of S0,456, 1872.
Operating expenses we're $50, 469,Tl0, o
decrease of $6,805, 297. Net railway
operating income was $4,000. 734, q
decrease of So, 4Ol, 730 Net income after
all charges is SIS ,074,190, a decrease
of S1,4Oi ,825 compared with CORE
spending period OF 1929. The operating
ratio for the period is 64.2 per cent, a
decrease of IL per cent as compared
with same period year ago.
1sankers Have Fine Meeting.
The annual fall meeting Of the Dis
trict OF Columbia Bankers Association
was held at headquarters Of the organ
ization IA the Becker Building yester-
day afternoon. with President Lanier p.
McLaehlen presiding. President Robert
v. Fleming of the Riggs National Bank
and Vice President Francis @. Addison
of the Security Savings g. Commercial
Bank, told Of the American Bankers
Association at Cleveland.
These two local bankers gave very
fne talks, their addresses containing
many constructive suggestions ia con-
nection, with the work Of the District
Bankerss Association, also including
many matters Of interest to individual
bankers.
Reports were also heard from the
ehairnaen of the associations leading
standing committees, much progress be-
ing shown. The representation from
the various banks was Unexpectedly
large and much interest was manifested
Heard in Financial District.
At b meeting of the directors Of the
American Storage g. Transfer Co., held
yesterday, r. H. Adams, jr., was added
to the board and elected q vice presl-
dent OF the company, Thes American
Storage & Transfer Co. Is located at
1901 Georgia. avenue northwest.
Retail food prices showed an increase
Of approximately ! "a per cent on Sep
TENDER is, when compared with August
Statistics. However, prices on September
is were approximately 0lz per cent
lower than at the same time In 1929.
September production Of motor We
hicleS In the United States and Canada
totaled 230,6S compared with 232, SAC
in August and 429,729 in September
1929, according to the Department OF
Commerce. During the first nine
months Of 1880, production totaled g.
O66,5l3, against 4,874,6T6 in like period
Of last year.
The twelfth mid-winter trust confer.
ence of the Trust Co. division, Ameri.
can Bankers Association, will be helc
February II, Is and 10, 1891 at the
Hotel Commodore, New York City, 1t 4
announced by Gilbert T. Stephenson
president Of the division.
Debts to individual accounts, as re.
....~tn, . -, kt.n Eederal F2AeervA Hoard n,