Evening star., 1932-04-21
INSURANCE SALES
DECLINE IN MARCH
Decrease Noted for Life Pol
icies Written During
Last Month.
BY EDWARD C. STONE.

Although Washington agents wrote
e4.58o,0oO new life insurance in March,
the District of Columbia showed a per-
centage decrease of 81 per cent over
the new business done in March, 1881.
The trend in life insurance sales all
over the United States, which has been
upward during the past few months,
dropped in March, according to figures
issued today by the Life Insurance
( Sales Research Bureau of Hartford, the
average for the country being off IT per
cent from March of last year
This decrease was experienced IN
every section Of the country. No State
. exceeded its sales of a year ago and
Nevada alone was able to equal the
volume paid for in the same period in
1881 Although the loss was felt gen.
orally, the New England States, together
Z with the mountain section. suffered the
greatest decreases.
West Virginia Near Top.
West Virginia made the best record
of any State in this territory, business
being only per cent under last year.
Georgia was of 13 per cent, Maryland
and South Carolina were both down
II per cent. Virginia made a fairly
favorable showing with a drop of Is
per cent. which was ahead Of the
average of II per cent for the whole
country.
Alabama and North Carolina we're
both off l8 per cent from March, 1881.
The insurance experts in Mississippi
had the hardest luck of any State in
the Union in writing new insurance in
March. their business being down AZ
per cent. South Dakota was next to
the bottom Of the list.
For the first quarter Of 1892 every
section Of the country showed a loss.
compared to year ago, and the United
States as whole experienced a 9 per
cent decrease. Nevertheless, sales dur
ing this quarter represent a volume Of
new insurance equal to the annual sales
of 20 years ago With incomes of all
classes drastically reduced the Ameri-
can people purchased IN excess of S25,-
100000 in every working day during
March
ID. {. Men Operate Paper Mill.
The Security Paper Co. at Security
near Hagerstown, Md, has been granted
papers Of incorporation by the Mary
land State Tax Commission and will
operate the paper mill recently pur-
chased by Washington interests. The
incorporators are Walter L. Bean. G.
Edward Moul and L. T. Bowers, all OF
Washington, D. c. The plant, VII, ,ch
has already started operation. will
manufacture a high-grade paper used
for Government documental work.
Common Dividend Called Solid.
Frank L. Dame, president of the
North American Co., states that the re-
duction from per cent to 4 per cent
on North American Light & Power Co.
common stock will have no effect on
dividends on the common stock Of the
North American Co. Dividends on
North American Light constitute only
a small part of earnings for the North
American Co.'S common stock, he said.
The company is not a subsidiary of
North American Co. The Washington
Railway & Electric Co. Of this city is
a subsidiary of North American and
much North American stock is held in
Washington.
Bank Magazines Published Here.
The Fifth District Banker, which was
formerly published in Richmond, was
moved to this city by William v.
Branch who is both publisher and
editor The same editor is also publish
ing the American Economist and Bank
er from Offices in the Washington
Building AS the name indicates, the
former publication is devoted wholly to
( banking matters in this district, while
the latter is extended to cover economic,
banking and legislative problems which
are national in scope. The April issue
of this magazine includes Thoughts on
Railroads and Business" by Gen. w.
, w. Atterbury; Banking Conditions
I Pictured to the Senate" by Senator
Keene. and How European Debt Can
collation. Would Aid Business" by
Arthur J. Morris.
Virginia Concern Reports Loss.
The Virginia Iron, Coal & Coke Co,
reports for quarter ended March 81,
1882, net loss of s10,776 after taxes,
interest depreciation, depletion, etc.
This compares with net profit of $685.
252, equivalent after dividend require
I ments on per cent stock, to Al cents
share on 100000 shares of common
. stock in first quarter of 1881.
Income account for quarter ended
March 81, 1882, compares as follows:
1892 1881.
Gross revenues .-..-.... S264, 939 S399, 4g2
Operating expenses. 272,635 372,825