Evening star., 1939-09-20
Insurance Sales
Capital Lead
Many0therCitie
August Comparisons
With Lost Year
Are Also Striking
By EDWARD c. STONE.

washington > IL per CellI gam III
new life insurance written in Au-
gust over the same month last year
exceeded the record made by six
big cities, Boston, Chicago, Cleve-
land, Los Angeles, New York and
St. Louis, but was under Detroits
al per cent leap and the 16 per
cent gain in Philadelphia.
At the same time the Capitals 4
per cent advance in the first eight
months of this year was better than
results in Cleveland and New York,
but behind the other six cities. Here.
too, the biggest advance was scored
in Detroit, 36 per cent,
Washington agents wrote $4950-
600 in new policies in August and
sal 264 900 in the first eight months
of 1888. A year ago in August sales
totaled S4279,00O, which was a %
per cent drop from August. 1887.
which makes this years gain all
the more significant. Sales in the
first eight months of 1888 totaled
s39 O83, 900, off 25 per cent from
1887.
Policies written in August, this
wear, amounting to S4950,000, COM
pare with 1882 900 written in July.
Sixty-one per cent of the companies
doing business here reported better
sales in August this year than last,
the Hartford survey states.
Sales in the whole United States
In August totaled S479 ,794000. off .
per cent, and for the eight months
S4333 882 900. per cent ahead of
last year. Sales in the South At
lantic States amounted to S48,43O,- .
600 in August, up l per cent, and
S4O2 1000 in the eight months, up
per cent.
Maryland sales totaled S6,430,000
in August, practically the same as
last year, and S61 221 900 in the .
longer period. gain of per cent. /
Virginia sales we're $6,664 900 in .
August. a drop Of 7 per cent, and .
S57,l69,000 in the eight months, 5 .
per cent better than year age. .
The figures as a whole add further
conclusive tNluSIiSt vi SttdNN Duo4-
ness improvement in this territory.
War Clauses Now in Policies.
Many Washington Offices of lead
ing life insurance companies have
received word from headquarters
that wal clauses" are now being
inserted in all new policies, In gen.
eral the new clauses apply to appll-"
,1-lNn l,n1
or not naturalized citizens Of the
United States and to others II the
company believes they may enter
the naval or military service of any
country other than the United
States.
Insurance men here state that
the war clause does not change the
status of present pollcyholders in
any way. Alarm expressed by some
of these policyholders is not justi-
fed. they said. The new rules are
not retroactive, and have to do only
with service with the forces of
foreign country.
officials insist that the war clause
Is being resorted to as a necessary
move for the protection of policy
holders" The average American
citizen will not be affected" the
notices add.
Loan Group Names Bergman.
Carl j. Bergman. treasurer of the
Washington Permanent Building
Association, was nominated yeSter-
day by the District OF Columbia
Building and Loan League as a
candidate for the board Of directors
of the national organization. Widely
known in the Southeastern group
of building and loan units, it is
expected that the IL States in the
division will vote almost solidly for
his election. He is at present a
member of the executive council of
the United State League.
The 47th annual convention of the
United States Building and Loan
League will get under way Septem-
Der 25, continuing through the 29th.
at Atlantic City. Local members
will send about so representatives,
who will be quartered at the Am
bassador.
Arthur G. Bishop presiding at yes
terday meeting, announced that the
recommendation made by the eXecu-
tive council for a continuance of
closing hours followed this past sum-
mer had been approved by the
league. 1t will remain for the indi-
Vldual associations to determine If
the present hours would be salts
factory during the winter months.
Safe Deposit Meeting Called.
The safe deposit section of the
District of Columbia Bankers As
sociation will hold its first meet
ing of the season tonight in the
boardroom of the American Secur-
ity & Trust Co. Various safe de-
post problems will be considered
Albert r. Peters, Charles M. Bote-
Ter, e. l. Oakes and Claude V.
Hyson, officials of the Mutual In
surance Agency. are in Buffalo this
week attending the annual conven-
ton of the National Association of
Mutual Insurance Agents. Approx
mately 500 insurance men, repre-
senting practically every State in
the country, will attend and a prin-
cipal address will be delivered by
Louis H Fink. superintendent of
insurance of the State of New
York. Mr.. Peters is former pres
ident of the association and Mr.
Boteler is now serving as vice presi-
dent.
Daylight Saving Near End.
Summer daylight saving time ends
Sunday and all Washington broker
age houses will go back onto stand
ard time Monday That means that
the New York market quotations will
start at 10 o'clock instead of 9 and
close at 3 o'clock. There will be no |
change in banking hours
Luther E. Schreiner, vice presi-
dent of the Hamilton National Bank,
has returned from an extended mo-