Evening star., 1936-10-22
LIFE INSURANCE
+. HOLDS 1885 LEVEL
D. C. September Report
Same as Year Ago.
9 Months Up.
BY EDWARD C. STONE.

washingtons hustling life insurance
agents wrote exactly the same amount
of new insurance in September this
year as in September, 1895. That is
to say, $4,453, 900, very substantial
amount.
In the first nine months of 1885
new business was l per cent better
than last year, the Life Insurance
Sales Research Bureau at Hartford
reported today. In September 52N per
cent of the Offices in business here
wrote more policies than year ago.
South Carolina, with a jump of %
per cent; Virginia, with 20 per cent
boost. and West Virginia with 16
per cent gain, put the Washington
record in the background. Maryland,
likewise reported an increase, but of
only per cent. The average gain for
the whole United States was 3 per
cent.
New business in Maryland totaled
s600S,000; Virginia, $6,367 900; West
Virginia, S4,256 900; North Carolina
and South Carolina, S6,001,00o. In
Virginia II per cent of the COM
panies did more business than a
year ago. So the record for this
territory remains excellent.
Among leading cities, Detroit made
the best showing with a 2l-per cent
increase. Boston came next with
7-per cent rise and Los Angeles was
up per cent. The New York total
was unchanged, while Chicago, Cleve-
land, Philadelphia and st. Louis were
behind Washington's average, the re-
port revealed.
Mortality Rate Better.
DR.. Henry w. Cook, medical direc-
tor of the Northwestern National Life
Insurance Co. of Minneapolis, told the
members of the District Life Under
writer's Association at the OCTOBER
luncheon at the Willard yesterday
that for the first time in seven years
mortality records are now showing
substantial improvement. All during
the depression the chart showed the
mortality rate on steady upward
climb. 1t has now turned definitely
downward and promises to continue
to drop, DR.. Cook said. He added that
as the mortality rate went up, inter-
est rates on assets went down, an un-
favorable combination.
Dr. Cook discussed Medical Under
writing From the Agents Point OF
View" He showed the different view
points between the field and the home
Office, said it always seemed to the
agents that the best risks are turned
down. For protective purposes, how
ever, home Office officials have to
have a little different slant on risks
than the field agents sometime hold.
His whole address was filled with
valuable suggestions from the medical
point of view.
New Members Reported.
President Laurence H. Riggles an
bounced 16 new members since the
last meeting. Miss Alma McCrum re-
ported as chairman on the activities |
of the women's section. She caused !
much laughter by reporting balanced |
budget with Sl.85 in the treasury.
Morton Wilmer, chairman of the |
educational section, announced that |
registrations will be taken next Mon
day at the Acacia Insurance Building |
for thoee who wish to study for the |
c. L. U. degree this Winter.
Dwight T. Scott, chairman OF the |
Sale Congress Committee, reported
on the yearly conference with Balti-
more agents. 1t is in Washington
this year. He said the visitors would
be greeted with brilliant lights, flags
and bunting all along Pennsylvania
avenue, this rather startling situation
being due to the fact that the meet
ing comes about two days before the
presidential Inauguration.
Lincoln Service Dividends.
Directors Of the Lincoln Service
Corp, Woodward Building, yesterday
declared the regular quarterly divi-
dend of ia per cent on the corpora
tion's per cent preferred stock, pay
able November to stockholders OF
record September 20.
There was also declared a dividend
distribution of 25 cents per share on
the common stock, payable November
2 to stockholders of record as OF Sep
tember 80.
John F. Davies, Baltimore, general
agent of the Massachusetts, Mutual
Life Insurance Co. in Maryland,
prominent in financial and insurance
circles in that State, was elected to
the board of directors.
Trusts Assets Reveal Gains.
A. S. Goulden g. Co., Inc, is dis
tributing the latest quarterly report
of Massachusetts Investors Trust to
local clients which shows total assets
as of September 30 of $86.569,033 and
net assets equal to S27.89 a share,
compared with S26.30 share on June
80 and s24O3 at the close Of last year.
The current quarterly cash dividend,
tust paid, amounted to % cents
share, Is cents a share more than was
paid in the like period a year ago.
The report says sit is the intention
of the trustees toward the end of this
year to make special distribution on
account of gains realized from the
sale Of securities"
Heard in Financial District.
Members of the District Bankers
Association express general approval
of the selection of White Sulphur
Springs as the place for the next an
nual convention, as announced by
President Karl w. Corby. In the past
the Greenbrier Hotel has proved ideal
for such meetings. The hotel has
fine convention hall, exceptional ac-
commodations, as well as perfect golf
courses and other entertainment
features.
The Securities and Exchange Com
mission has received word of the con-
viction of Howard A. Tucker in the
Federal Court of the western district
OF Oklahoma for violation of section
(a) of the securities act of 1888 as
amended in connection with an offer
ing of oil royalties. This represents
the first conviction under this section
OF the act. The section prohibits the
Bale of securities by the use Of the