Evening star., 1932-07-21

average for the 49,
United States was IL
27 per cent of
from last year. In James Trimble
the fifth Federal
Reserve district, South Carolina was
down % per cent, Maryland, SO per
cent; West Virginia, 33 per cent, and
Virginia, 40 per cent.
South Dakota had the hardest luck
of any State, business being down 81
per cent from June totals a year ago
Next to Nevada, New Mexico made the
na rshay asa Utah Utah thp With o
of only Is per cent. Oklahoma, Illinois
and New Hampshire were next in order.
The District of Columbia wrote S4,-
SOL 900 during the month, Maryland's
new insurance totaled $7,727000, Vir-
ginia wrote $5,050,000, and West Vir-
ginia, s3,45O OO0 North Carolina
turned in s5.4ss,O 900 and South Caro-
lima, s2,76s, ,OOO.. Georgia did over
S60O0000 and Florida more than
$4,000,000 new business.
Summary for Six Months.
Today's report from the Sales Re-
search Bureau Of Hartford sums UP
business for the first six months OF 1882,
showing that sales were well below the
same period last year. The report adds,
however that the rapid growth of life
insurance is evidenced by comparison
made with the first six months OF 1922
During the first half of 1882, although
incomes of all classes were drasticaly
reduced, the new business sold was over
25 per cent larger than in the same
period 10 years ago. The greatest in
crease was experienced by the Middle
s-t, H. 1or rncf
volume in force of any section OF the
country. This section during the first
six months of 1882 paid for volume OF
new business approximately haf again
as large as in the first half OF 1922.
Trimble on Governors Staff.
James Trinble. vice president of the
National Bank Of washington, has been
appointed a member of the staff of the
Governor of Kentucky, according to an
announcement and commission was
sent to him today by Lieut.. Gov. A. B.
Chandler He now becomes Ken
lucky Colonel" this being the title
given the bank official with the op-
pointment He has been close friend
of the Governor for many years.
Mr. Trimble has been an official Of
the National Bank of Washington for
several years. Prior to identification
with that bank he was a national bank
examiner and was active in the Treas
ury Department in the days OF John
Shelton Williams. Ever since coming
to Washington Mr. Trimble has kept
in close touch with affairs in his native
State Many congratulations were in
order today because of the distinction
just accorded him.
Committee Meeting Postponed.
The meeting set for today of the
Banking and Industrial Committee of
the fifth Federal Reserve district, was
postponed a week because several men,
bers in other parts of the district could
not be here. This Is the committee
organized to work out ways of speeding
up business and industrial recovery in
the fifth Reserve district.
Edwin c. Graham Of this city is
chairman, and Robert v. Fleming rep
resents the local banking interests on
the committee Hilleary G. Hoskinson,
Riggs National Bank, is secretary.
The committee has already started
surveys of building prospects in the
fifth district and is making other studies
with a view to definite suggestions for
improving conditions.
Stocks May Help Upswing.
The slow but persistent upward
movement in stocks last week and the
equally sustained advance in bonds are
viewed in many quarters as the begin
ming of worldwide trade recovery, but
expressions to this effect are restrained,
reports Dun'S Review. Such cOndi-
tions in the securities market have long
been looked for by seasoned traders. as
experience shows they are ordinarily
the forerunners of long continued i'm
protement,' continues the Review.
hot ha ~ will 1ooI
to the general upswing in quotations
depends, of course, on whether it FORE
shadows improvement in general busi-
ness
There is also a tendency to con-
slider improvement likely on the basis
of an end to deflation. Cessation of
securities liquidation is in itself en-
couraging in this connection, and in
many circles it is believed that other
forms of def1ation also are approaching
their inevitable end Such views are
OF securities, but also in the improve
ment in the price of Stock Exchange
seats"
American Stores Dividend.
The American Stores Co. has de-
clared the regular quarterly dividend
OF so cents share, payable October l
" SlOCh O1 record september 10.
The Washington Gas Light Co. has
declared the regular quarterly dividend
of 80 cents per share.
The Treasury is asking bids for
another issue of 91-day Treasury bills
in the amount of $50 900 900. Tenders
close close July 3 25 and the bills VIII run
TO meet S5l 100000 in maturing issues
and provide about 100000 for Treas
ury needs.
1t is reported from Richmond that
River Bridge Corporation bonds have
been deposited with the Protective
Committee. P. w. Hides of the COM
mittee making the statement.
Financial District Notes.
Figures just compiled by William S.
Quinter, secretary of the Building As
sociation Council Of the District of
Columbia reveal local building asso-
Citations in very strong position with
total assets of sS4,962.737. This is
gain in assets for the month of June
of s557,735 and for the six months a
total gain of $3,133,737, Mr.. Qu.nter
says
Plans and entertainment program
have all been completed for the first
joint annual outing of the Office staff
and the New York Life Agents Club
of the local branch Of that company, to
be held at Seaside Park, Chesapeake
Beach, Saturday afternoon. David
Samakow is chairman of the committee
which includes Loren L. Cluster, George
w. Rothkopf, Frank j. Sobotka, Ralph
Cipriano and Sidney Simon.
Directors of the New Amsterdam
Casualty Company of Baltimore have
declared the usual quarterly dividend
of so cents a share on the capital
stock, payable August to stockholders
OF record July 26.
Tobacco Warehouses to Open,