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Fewer Insurance Loans In July
New York September 22 AP A sharp drop in July life insurance policy loans signals improving confidence and a better business outlook. Leading life companies reported the smallest July increase since 1929 about 25 percent of January’s peak, suggesting the decline in economic gloom may continue. The trend aligns with lower loan gains through mid 1930s and is linked to shifts in stock markets and overall business conditions. James C. Stone, chairman of the federal farm board, underwent surgery screening at Johns Hopkins Brady clinic. doctors say any operation would not be serious and he remains under care through Friday.
MENTIONED IN THIS ARTICLE
New York
United States Department of Commerce
Association of Life Insurance
James C. Stone
Federal Farm Board
Brady