Evening star., 1940-04-17
D. {. Insurance Sales
Down 5 Per Cent
From Year Ago
First Quarter Volume
II Per Cent Rehind
Same 1889 Period
BY EDWARD C. STONE.


Life insurance sales in Washing
ton in March totaled $5,031 900 and
disclosed S per cent drop from
March, 1889, the Life Insurance
Sales Research Bureau, at Hart
ford, reported today The record
was not quite up to February when
sales came within l per cent of
the total new business for February,
1899.
March business brought the total
Tor the first quarter of this year
up to $14,326,O00 a decrease of II
per cent from the like period a
year ago. Most of this drop was
experienced in January, a "a per
cent tumble, due to the fact that
an unusual volume of business was
paid for in January, 1899, just prior
to rate increases by many COM
panies.
The Capitals March per cent
decline compares with a national
average decrease of only per cent
on total volume of $567 ,872, 900.
The average for the Nation was
also ahead of the Capital. in the
first quarter, new policies amounting
to 1851, ,706,000 decrease of only
IA per cent.
Virginia Leads States.
Virginia made the best showing
in March of any State in this
territory, new policies totaling S.
$4,000, a jump of IL per cent
over March, 1899. In the first three
of the present year. Virginia policies
amounted to $2l,924.00O which was
IL per cent below the first quarter
record in 1889.
Maryland reported March sales
as $8,053,000. only l per cent under
the 1889 mark. In the first quarter
Maryland agents wrote $22,867 900
new business, II per cent under
last year. In North Carolina sales
totaled s8,082,0 in March, off 4
per cent, while South Carolina
scored an per cent gain on
volume of $3,816,0O0.
West Virginia was up 2 per cent
In March business which amounted
to s4681 900, sales in the first quar-
ter reached a total of S13,838,000
and came within / per cent of the
1889 mark.
Sales in Washington, by months,
in 1910 compare as follows with
the corresponding months in 1899:
1910 1889
January ----s4,67l, 900 $7,183,O0O
February - 4,624O00 4,628,OOO
H6orcb & no1 mn < oAo mn
Prudential IL Years Old.
The Prudential Building Asso-
citation, which opened for business
on April II, 1929, is celebrating its
18th birthday, proud of its steady
growth which has brought total
assets up to $3,250,0O0, according to
2cretary E. j. Carlson. Undivided
profits, surplus and reserves now
stand at $1S0,000. The organiza-
ton is member of the District and
United States Building and Loan
Leagues.
The association has specialized in
the development of the suburban
metropolitan district and was the
second association in Washington to
become a member of the Federal
Savings & Loan Insurance Corp,
which protects all accounts up to
$1,000.
Prudential officials include Lu-
ther G. Steward. president; Curtis
Walker and John B. Colpoys, vice
presidents; E. j. Carlson, secretary
treasurer: c. H. Boyse, assistant Sec
retary- treasurer, and Harvey L.
Cobb, attorney.
Directors are: T. Howard Duckett,
Thomas E. Hampton, Thomas D.
Lewis, F.. Eliot Middleton, William
p. Ames, and Messrs. Colpoys, Cobb,
Steward and Mr.. Carlson.
Peoples Drug Stock Listed.
The new Peoples Drug Stores IS
par value common stock, to the
extent of 49O,948 shares, was listed
on the Washington Stock Exchange
today, taking the place of the 245 ,474
no par value common stock which
had been on the exchange. The ex-
change registered 20 bid for the
stock, with none offered. The old
stock sold in New York yesterday
at $40 share on a sale of ITO
shares.
Resources of the % insured COM
mercial banks in the District of
Columbia totaled SAIL, ,043, 900 on De-
cember 80. 1899, according to a sur
vey made public today by the Fed
eral Deposit Insurance Corp. De-
posits in the insured banks were
listed as $361, ,541 900. Demand de-
posits amounted to $247,084, 900, and
time deposits totaled $114,457, 900.
Loans and discounts amounted to
SIP, 1000, an increase of $12,663,-
600 over the December 81, 1888, total.
Resources of Maryland Banks.
The corporation reported re-
sources of the 174 insured COM
mercial banks in Maryland to-
tailed s726,746,0OO on December
80, 1889. Deposits totaled $685.
$4,000, made up of $545, ,8O4 900
demand and s203,818,000 time de-
posts.
Loans and discounts of the re-
porting banks amounted to $168,-
OoO,oUu, dll AIlCIcdSc VI Sll, ,1Oo,UUU
over the December 81, 1888, total
Loans and discounts of the 1885
insured commercial banks through
out the country totaled $16,866,-
100000, an increase of $842 900, 900 or
per cent over the amount reported
December 81, 1898. Deposits in
creased from the Its, 100000 re-
ported the previous year to $780,
O76,000,000, the highest figure since
Inauguration of deposit insurance
Financial District Comment.
Ten shares of Liberty National
Bank stock sold on the Washington
Stock Exchange today at ITO, up
four full points and a new 1910
high mark.
Capital Traction SIS registered a
$1,000 bond sale today at 10134, a
gain Of half point and back to the
years best price.
C,1ryoorf of tho Ty,vocfv,,oy,f po,,L