Evening star., 1940-12-18
Life Insurance Sales Slump


Life insurance sales in Washing
ton in November dropped per cent
below the total of new policies writ
ten in November. 1889, the Life In
surance Sales Research Bureau,
Hartford, reported today. Novem-
ber sales totaled S4,701 ,O00 Sales in
the whole country were off 7 per
cent, the report added.
Sales in the District of Columbia
in the first II months of this year,
however, were l per cent ahead of
the like 1899 period, new policies
reaching a total of S57 10000 The
national total for the II months was
S5,967 ,666 900.
Maryland made better showing
than the District in November, sales
being up per cent on policies ag-
gregating S7957,OOO and up 4 per
cent in the II months on total of
S88 500 900, the report showed.
Virginia made still better show
ing. New business in November
totaled $7819,OOO, up 2 per cent, and
S89748 900 in the longer period. a
jump of 13 per cent. West Virginia
reported a 10 per cent drop in No.
vember, but per cent gain in the
II months.
More Dividends Declared.
Directors of the Bank Of Bethesda
have declared the usual semi-annual
dividend of IL per cent and have
also voted an extra dividend of /
per cent. both payable on Decem-
ber 81 to stockholders of record De-
cember 18 S. Walter Bogley, cashier,
announced today.
Directors of the Mount Vernon
Mortgage Corp. have declared a
dividend of per cent for the cal
endar year ending December 81 on
the preferred stock, payable De-
cember 20 to stockholders of record
December 18.
This dividend. aggregating ap-
proximately S3O,O00 will go to 1000
stockholders 1t is the first cumu-
lative dividend paid, Robert T.
Highfeld, secretary and treasurer,
said today.
Bank Stocks Near 1910 Tops.
Bank stocks listed on the Wash
ington Stock Exchange are very
near their 1910 high marks, several
being quoted at their best prices of
the year.
National Capital Bank, at IT'S, is
at the years highest price; Liberty
National, at ITO, is also at the top;
Riggs National common, at 275, is
near the best quotation and Riggs
preferred, at 1921, is at the year S
high mark.
The last sale in American Security
& Trust stock was made at 23712,
off from the years best price. Ma
tional Savings, at 200, is within a
half point of the 1910 peak. The
last sale in Washington Loan &
Trust stock, at 233, was under quo
tations earlier in the year. Bank
of Bethesda stock, which last sold
at 80, is also under the figure
reached earlier in the year.
A. B. A. Treasurer Candidate.
Wilmer j. Waller, vice president
and cashier of the Hamilton Ma
tional will be a candidate for the
treasuryship of the American Bank
ers' Association at the next annual
convention, according to statements
made by friends in the financial
district today Mr. Waller will have
the wholehearted support of all the
bankers in this territory, it is safe
to say.
Mr.. Waller is a member of the
A. B. A. Executive Council for the
District of Columbia and at present
is chairman for the 5th Reserve dis
trict of the A. B. A. National Com
mittee on Defense Loans, drive in
which he is greatly interested. He
has put in a vast amount of pre-
lininary work in getting these loans
really started under favorable con-
ditions.
He is a former president of the
District Bankers Association and
has been active in the national or
ganization for many years.
While the treasurer is elected fol
one term, he usually is kept in the
Office for two years.
Joins Berkshire Life Staff.
j. E. McCombs, general agent oil
the Berkshire Life Insurance Co.
announced today appointment o.
David Mondzac as assistant to tht
general agent Mr.. Mondzac ha!
been associated with the Bernard L
Wilmer Agency of the State Mutua
Life Assurance Co. for the past three
years.
Prior to that he was editor of thu
Washington Jewish Review anc
managing editor of the Nationa
Jewish Ledger.