Evening star., 1936-01-23
INSURANCE SALES
! STILL RISE HERE
December Life Total Gains
20 Per Cent Over Same
Month of 1894.
ny EDWARD C. STONE.

by EDWARD C. STONE.
Sales Of ordinary life insurance IN
WASHINGTON in December revealed .
20 per cent Jump over December, 1884.
and for the full year 1885 were ~
per cent better than the previous year.
according to a dispatch from Hart
ford today. The total amount OF busl-
ness written in the Capital In De-
cember was $5.756,000 and for the
full year totaled $60,79l 900.
West Virginia came next to the Dis
trict in this territory, business being
UP "a per cent in December. South
Carolina business was just the same
rs last year, Maryland reported drop
of s per cent. North Carolina 8 per
cent, Virginia 9 per cent compared
with December, 1884. Average sales
for the whole country in December
were 2 per cent lower than the pre-
vious December.
New business in Maryland in De-
cennber totaled $7.4Sl 900, in Virginia
se,800.0o0. in West Virginia, s5.23l,-
600 North Carolina, $e,104.00o, and
in South Carolina $3,053,000. With
Delaware, Georgia and Florida added,
the South Atlantic territory wrote
60,536 900 in new life insurance
policies In December In the full year
this area reported new business
amounting to $3.50, ,222,O00.
The total amount of new life insur-
ance written in the whole United
States in 1885 is reported as S6,18l.-
255,000, which is 2 per cent under the
aggregate amount sold in 1894.
Washington Gas 1885 Net Lower.
The monthly report of the Wash
lngton Gas Light Co., nled with the
Public Utilities Commission, shows
net operating revenue for December,
1885, of $l5l,7l6. compared with
el67048 for December, 1894, a de-
crease OF $l5.332.
Operating revenue for December,
1885, $64l,360. compares with $685.
l88 for December year ago, an in
crease of $48l72. Operating expenses,
including taxes and uncollectable bills,
increased $63,504, this years figure
being s489.644. against s426.l40 in
December. 1884.
Incorporating revenues for Decem-
ber increased S3,8l4 from $4.696 TO
$3.50. resulting in a gross corporate
income Of $l60,226, which compares
with $17l.744 for December, 1884, or
. decrease Of $ll.5l8.
Interest deductions of S74,229 for
December, 1885. were 1859 more than
the December, 1884, figure of S73.270,
resulting in a net gain of S85.997,
compared with $ss.474 4 year ago.
The report shows operating rev.
enues for the full year OF s6.440,387,
an increase of 1863. .469. At the same
time operating expenses totaled s4.-
6s3.544, an increase of $780, 2.243. The
sharp increase in expenses made a
severe dent in net income which stood
$958,927, against $1.01l.447 a year ago.
or decrease of $52.520.
Georgetown Gas Profits Up.
Net income Of the Georgetown Gas
Light Co. in 1888 totaled S20,678 in
comparison with a deficit in 1894
of $9.4l2, an increase in 1885 of
$30,09O, the annual report filed with
the Public Utilities Commission re-
vealed Operating revenues were
$32,177 higher than the. previous year
while operating expenses were held
down to the same figure as last year.
Operating revenues for the year
amounted to $1,3o4.088
The December report of the George
town company showed a net income
Of $5,337, as compared with profit
in the previous December OF s3.6s8,
leaving increase of sl,649. an increase
in operating expenses preventing a
considerably better showing.
Operating revenues this December
we're sl63,37o. as against sl4i.40 for
December, 1884. an increase Of s21.e72.
Operating expenses. including taxes
and uncollectible bills, increased $20,-
5e5, this years figure being $155,230.
against s134,665 for December. 1884.
incorporating revenue was $2,262
more than last year. resulting in .
gross corporate income of $11,812,
compared with an income Of 1923
for December, 1884. Interest deduc-
tions increased $1,000, the December
1igure being SEATS, against 81 LABS for
December, 1884.
Two New Lincoln Directors.
Rear Admiral Mark L. Bristol re-
tired, and William North Sturtevant
were elected directors in the Lincoln
Service Corp, industrial bankers, at
the annual meeting of the stock
holders, President Charles Delmar
reported today. Admiral Bristol
served eight years as high commits
sioner of the United States In Turkey
and commanded the naval forces in
the Near East. Mr.. Sturtevant, son
Of the late Charles L. Sturtevant who
was president of the American Patent
death, is assistant manager Of the
New York Exchange firm of Harri-
man & Keech.
The following directors were re-
elected: Ellsworth c. Alvord, David
Burnet, william j. Byrne. Francis J.
Crilley, William g. Culbertson, Charles
DelmaF, H. Rozier Dulany, jr.; Capt.
John p Jackson, L. E. Pope, Frank
B. Severance and Durand w. Springer.
Charles Delmar was reelected pres
ident; L. T. Pope. vice president:
Francis J. Crilley. vice president and
secretary; Durand w. Springer. treas
urer, and Oscar G. Mitchell, assistant
secretary and assistant treasurer.
The regular quarterly dividend on
the preferred stock will be paid as Of
February !, to stockholders Of record
December 81.
Two Dividends Declared.
Directors Of the American Fire In
surance co. Of Washington have de-
clared the semi-annual dividend of
8 per cent, payable February to
sknckholdera 0f record January ~