Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-18
GAM IN INSURANCE
IN PAST 9 MONTHS.
Business Ahead Of Same
Period Year Ago-August
Drop Cut In September.
By EDWARD C. STONE.

New life insurance production in Sep
tember was relatively better than in
August. New purchases in September
declined only IL per cent as compared
with September of last year. In August
the production was 81 per. cent below
that of August, 1929. The total volume
Of new business for the first nine
months of this year is still little
ahead of the 1929 aggregate for the
same period The increase for the first
three-quarters of the year Is two-tenths
Of one per cent. In othsr words, $16,-
100000 more new life insurance has
been bought thus far this year than
last year. EG
For the first three-quarters of this
year group insurance is 81 per cent
ahead of last year. Ordinary Insurance
is five one-hundredths of 1 Ger cent
ahead and Industrial insurance is two
tenth of per cent less than last year.
The report combines the records of new
life Insurance roduction-exclusive OF
revivalS, increases and dividend addi-
tions-of A member companies having
80 per cent of the total life insurance
in all United States legal reserve COM
panies.
For September, new ordinary in
surance of these companies amounted
to S545, 48l, 600. against $608, 869,000 in
1929 a decrease of 10.4 per cent. New
industrial insurance amounted to $210,-
$4,000. against 1921 006, 900 in 1929, a
decrease of 4.8 per cent. New group
insurance swas $138, 1892 900, against
s75,151,oOo last year, an increase of
S43 per cent The aggregate of all
classes for September of 1880 was
1894, 1896, 900, against $905,026,0O0 for
September of 1924 decrease of IL
per cent.
For the first nine months of this year
new ordinary insurance amounted to
$685., 079, 900, against 1887 600
during the corresponding period OF last
year Q gain of five one-hundredths OF
! per cent. New industrial insurance
was S2.170.066 900, against $2,174,377,-
600 q decrease of two-tenths OF ] per
cent. New group insurance was $780,
1852 900. against 1888, 293, 900, an in
crease of 81 per cent The total of all
classes written during the first nine
months of 1880 was s9,572,897 O00
against 50 $50. 527, 900 during the same
period of 1929-an increase OF two
tenths Of / per cent
Joins Fenner & Became.
Harry Brisker became connected with
the washington branch of Fenner d
Beane, members of the New York STOCK
Exchange, today. Mr.. Brisker Is well
known in Washington brokerage CIR
with w. B. Hlhbs g. Co. and also with
Prince g. Whitley. He is graduate OF
Georgetown University and Is prominent
In Masonic and civic organizations.
End of Recession Seen.
That the downward trend in business
activity may be nearing the end Is sug--
aested by the Bureau of Agricultural
Economics of the Department OF Agri-
culture in a review of business condi-
TONS.
1.-THE present business recession" the
bureau states, has now been in prog
resS about is months and such recess
sions usually continue IL to 10 months.
This. together with low prices Of raw
materials easy money, and decreased
inventories on the part of retail stores,
suggest that The downward trend In bus
mess activity may be nearing the end.
Some positive indications Of improve
ment are noted in machine-tool orders,
in the textile and shoe trades and in
residential construction"
Cleaned in Financial District.
r. G. Await, first deputy controller
Of the currency. win address the mid
continent conference of the trust and
national bank divisions Of the Ameri-
can Bankers at Indianapolis in Novem-
Der. His subject will be Analysis and
Management of Trust Funds in Small
Departments Robert Griswold. vice
president of the Maryland Trust Co.,
also will speak.
Present indications are that Ameri-
can Telephone g. Telegraph Co. will
earn nearly $I1 share on the in
creased capital for the full year Earn
ings per average outstanding share on
an annual basis for the first nine
months were $10.84 on 1914, 389 av-
erage number of shares outstanding,
against $l2.Ss on average shares for
1929.
Resources of the Federal Reserve
Bank Of Richmond at close Of business
October IS were s202 .297, 900. the report
OF Gov. George j. Seay of that institu-
ton showed yesterday. Deposits totaled
SGT ,558 000
Deposits in the savings banks Of New
York City and New York State showed
increases during September, continuing
the trend toward higher savings evident
for some months. This is the same
trend that has been noted in Wash
ington ever since the stock market