Evening star., 1932-12-21
INSURANCE SALES
Z IN D. c. DECREASE
Policies Written in November
! Show 18 Per Cent Drop
! From Year Ago.
BY EDWARD c. STONE.

New life insurance written in WASH
lngton during November was l8 per
cent less than the total amount Of new
business reported in November, 1891,
but 3 per cent above the average for
the whole United States, according to
the monthly report received today
from Hartford.
Maryland agents made the best
showing in any State in the south
eastern territory. new insurance being
off but 10 per cent. Maryland was
closely followed by Georgia, which
came within II per cent of equaIng
last years November business. Only
two States in the Union did more busi-
ness than a year ago, New Mexico and
Utah, which scored increases of per
cent.
The other southeastern States were
down the list below the 81 per cent
decrease in the United States total.
North Carolina, was off IS per cent. and
South Carolina 81 per cent Virginia
reported slump in new business OF
81 per cent from November, 1881, and
West Virginia was 90 per cent behind
the mark OF year ago. Florida in
surance was down 80 per cent. Last
,place on the list was taken by Nevada
which recorded 49 per cent drop.
During November S4660,000 new in
surance was written in Washington in
spite of the falling off in total busi-
ness. Maryland wrote S7,270.0OO, Vlr-
xinia, s4,64S.0O0; West Virginia, So
2570OO: North Carolina. s5,693 900;
k5 $4,000 and Florida. $3.50, 900.
sNhese are very substantial totals. In
sspite of the falling off, November wit
-.neSsed q volume for this territory and
cthe rest Of the country that is amazing
.An its size.
Decreased incomes during 1890. 1891
and 1882 have retarded the growth of
sales. The economic situation in 1882
.slas been one of the most severe in
slistory-the incomes Of all classes have
been cut and in some cases completely
wiped out, Despite decreased incomes,
an increasing proportion is being spent
in life insurance. Using a conserva-
tive estimate for December, sales dur
ing 1882 have averaged about s25.000,-
600 for every working day, the Hart
-3ord report concludes.
New Columbia Title Trustees.
William L. Miller of the real estate
= firm of Thomas J. Fisher & Co, Inc.
and Joseph A. Herbert, Jr., of the real
estate Office Of Joseph A. Herbert &
Sons. were elected trustees of the Co.
= 1uIIIUId lL4c lISuI dlICe W. dL lIlc dll-
nual meeting Of stockholders. They
succeeded the late Edward J. Stel1wagen
anG James 3. Nicholson on the board.
All other directors were re-elected
H Glenn Phelps, Allen c. Clark. James
j Becker. Spencer Armstrong Edgar NJ.
Mayne, George w. White. F. L. Sandoz
: William J. Flather, lr: Randall H.
Hasner. John Edmund Cammack. Viii
liam B. Willard, Erskine Gordon and
Woodbury. Blair
Best Showing by Sugar Stocks.
Average price Of 103 stocks repre-
sentng IL industrial groups decreased
13 points during November. according
: to the New York Trust Co.
An increase was shown only by the
: five sugar stocks which advanced l8
points. The largest declines were regis
tered by five tobacco issues, which
dropped 338 points and 25 railroad
stocks, which declined 225 points. Ten
iron and steel issues declined 2.06 points
and 10 public utility issues 205 points.
The aggregate decrease Of the 103 stocks
since December 81, 1881, amounted to
263 points.
Average price Of 81 domestic bonds
'representing five major cIassiications
declined SO points during November,
but we're 2S3 points above the average
on December 81, 1881. Forty repre-
sentative foreign issues declined ABB
points during the month but were 489
points above the average at the first Of
the year.