Evening star., 1933-02-25
D, c. UNDERWRITERS
ET0 GREET KENNEY
Boston Expert to Address
&. Local Agents Here
T. Next Tuesday. Il
BY EDWARD c. STONE.

FV. M. Kenney, an outstanding agent
pf the Connecticut Mutual, will be the
speaker at the February meeting of the
District of Columbia Life Underwriters
Association, next Tuesday noon at the
Washington Hotel. John P. Lynch, pres
ident of the association, announced to-
day. This will be the first meeting of
the local underwriters since the very
successful joint session with the Balti-
more organization held at the Shore
ham.
Mr.. Kenney has been in the life in
surance business for over 80 years, the
last 20 with the Connecticut Mutual in
the capacity of general agent. He has
represented the company in Springfield.
philadelphia Harrisburg and Boston,
where he is at present located He is
an excellent speaker and has been ac-
tive in the underwriters associations in
every city where he has lived He will
speak on What are We Doing
About It?"
Better Sentiment is Forecast.
Better sentiment, generated only from
Itself, has proved incapable of starting
business recovery, says the United Bus
1nesS Service OF Boston. u needs the
substantiation of action
The sefvice points ou. that private
enterprises are still making important
adjustments, and that national and in
ternational affairs are now headed for
reallgnment. When this occurs, greater
confidence in business recovery will be
justified
The service forecasts that construc-
tive steps will be taken by the new ad-
ministration beginning next month
which will bring about better spirit
on the part of business men and in
Sestors.
Industrial Rise Also Forecast.
An upswing in manufacturing opera
lions and pay roll totals will get under
way in March, says the same forecast
This view is substantiated by the fol-
lowing reasons:
% Seasonal forces in MANY impor-
tant industries point to rise
90 UpturnS have occurred in many
lines in the Spring, even during the
depression.
(3) Inventories of both finished goods
and raw materials have been reduced
to very low levels.
With progressive action on the part
of the new administration and Con-
gress, buying sentiment will probably
rise markedly, causing increases in pro-
duction right down the line, the fore
cast concludes.
Would Increase Purchasing Power.
The weeks letter from Henry Clews
& Co. states that the various relief or
loan bills now before Congress- which
have for their purpose the starting of
self-liquidating projects, which would
require large expenditures and put men
back to work, would simultaneously in
crease the purchasing power and en-
large production, both of which are
essential to restore normal conditions.
That trade is gradually forging ahead
is proven by recent developments; car
1oadingS against the seasonal trend,
show substantial increases; the steel in
dustry, though still very slack, seems to
be getting into stabilized condition
and if the disastrous price cutting
which has been going on for some time
is done away with, it is believed that it
would be great aid in restoring conf
dence ir the iron and steel situation.
One of the best indications of better
business is seen in the increased con-
sumption of cotton, which, during the
past month was per cent above that
of a year ago.
Food Prices Stationary.
Wholesale food prices for the week
endmg FeDruary Il remained pTdCtlCdI-
ly stationary. The wholesale food price
index, compiled by Bradstreet's Weekly,
once again registered S1.51. With one
exception this index has stood at the
same level for the past five weeks.
Total average sales of 20 leading
chain store companies in January this
year, as compiled by Chain Store Age
amounted to approximately s6.029 $500.
This compares with an average daily
business of Sc, 9,38l 900 in December, 1882,
and a January average for the three
years 1929-1931 of $7,506,500.
General Electric Co. has declared the
regular quarterly dividends of 10 cents
on the common and Is cents on the
$40 special stocks, both payable April
25 to stock of record March 10. =,