Evening star., 1933-07-20

oAi0hk 4dSl yCdA.
This is the best II Roberts.
mark the Old Do
minion State has set in many months.
South Carolina came next, with
loss of only per cent III new business.
North Carolina reported a decrease of
1G per cent during the month. These
three States Were above the average
for the whole United States which re-
vealed falling off of II per cent COM
pared with June 1892.
West Virginia was just below the
national average, a drop of 13 per cent
beirg reported. Maryland, tco which
usually stands well up III the list, met
with a II per cent sethac.. during Juce,
although S6,650.0U0 was written.
Virginia's new insurance totaled S5-
$4,000, West Virginia's $1,000 GOO;
North Cardinals. S5,480,000. and South
Carolina's. S2,974,OO0. Still further
south, Georgia reported S6,02l,000 in
new business and Florida wrote S3,901,-
600. Mississippi with e l3 per cent
satn and Alabama with 7 per cent i'm
whole country. Kentucky was third.
Improvement Is Indicated
At the close CT the first six months of
1888 sales of ordinary life insurance
insurance paid for in the same six
month period of 1882 The New Eng
land States together with the four
States of the East South Central Sec
tim of the country showed the best ex-
per:ence during the SIX months In
these tTJ sections sales were Sc per
cent OF these o. last year.
Tho u1po fo1I~ec iDdjrate i'm
provement in sales conditions. In the
country as a whole the volume of new
insurance was 88 per cent of that of
last June In every section the month
" ratio showed q better experience
than the figure for the six months,
which indicates an upward trend. The
East South Central States showed
a gain of per cent in June compared
to June, 1882 The New England
States as a whole paid for volume
of new insurance 98 per cent of last
June's total
Speaking of the June showing in
Washington. insurance men said today
that the decrease here was almost
wholly due to the uncertainty regarding
positions in the Government service.
When this atmosphere clears, substan-
tial gains are anticipated.
Roberts New Publicity Chairman.
Appointment of I. j. Roberts as
chairman of the Publicity Committee
of the District Bankers Association
was announced recently by President
George o. Vass. Mr. Roberts is an
assistant cashier of the Riggs National
Bank and secretary to the president.
He has been known in the banking
district for a long time because of his
active work in the American Institute
of Banking. A former president Of
Washington Chapter, he has served on
all the most important committees He
has attended many of the Institutes
national conventions, two years ago
being chairman of the committee ar
ranging all the conferences on lead
ing banking topics which were studied
during the convention.
In close touch with the work of the
District Bankers Association, because
his desk is SO near to that of Presi-
dent Vass he is in fine position to
assist the newspapers in keeping the
public informed on all important local
banking matters. No doubt his pockets
will also be bulging with news about
the American Institute Of Banking Ma
tional Convention to be held here next
June.
Local Broker Offices Crowded.
Local Offices of New York Stock Ex-
change firms were crowded to the doors
when tickers started clicking at the
opening today. Last nights wild close
was the cause of the influx. Yester-
days late tumble, however, was not fol-
lowed to any great extent at the open
Ing today
Volume was again very heavy and at
times the ticker got behind the market.
Views on the near outlook were varied.
While the wet stocks jumped all over
the boards, the old reliables were not
so erratic.
The New York markets seemed to
detract from business on the Washing
ton Stock Exchange today. trading be-
ket opened with Washington Railway
& Electric IS figuring in $1,000 sale
at 80. Mergenthaler Linotype furnished
the only other business of the session,
18 shares changing hands at 20.
Major Recovery Held Certain.
with the passing of each week, it is
becoming increasingly evident that the
United States has definitely embarked
major proportions" according to E. B.
Smith & Co., in their July II issue OF
1.-The outlook for Equities" while
employment and pay rolls necessarily
expand more slowly" The company adds,
Improvement has already been record
ed in both. and in the present instance,
the rate of expansion will undoubtedly
be accelerated by the operation of the
national industrial recovery act. The
encouraging feature Of the attitude OF
the administration is that it recognizes
the need for spreading purchasing pow
er and of getting funds into the hands
OF that part of the population which
will spend major part of its income on
consumption goods.
I'VE believe that any drop in general
activity arising from contraction in in
dustries which have recently been un-
usually active will be more than COM
pensated for by expanding activity in
industries heretofore quiet. or industries
benefited by a stronger than seasonal
impetus in the Fall. We doubt that
there will be any Summer lull of i'm
Y,Ortanca end orticipate a dynamic sea-