Salt Lake Tribune | 1917-01-22 | Page 2 | Real Estate Loans Highly Favored

REAL ESTATE LOANS HIGHLY FAVORED Railroad Bonds Supplanted as Investments Invest-ments of Ufa Insurance Companies. XFW YORK, Jan. ).noal estate ninrlgace loans on farm and iitv property 1 ,have su-iplanted railroad bonds as the -,"iKl class of investments hold j'.v lite Insurance companies, accordlnc o a report made public hero tonight bv t lie Assoc iation of Life Insurance companies. com-panies. The report shows that from !04 to 1DH real estate mortpriiKe loans Increased from ct"t of the assets of .American companies to 54. -16 per cent. "The amount of these loans at the end J-?,1-,4-" the l0Prl states, "was Sl.eso,-flOO.OflO Sl.eso,-flOO.OflO out of total assets of f-l.S30.000 000 In 1001 these loans amounted to $6S0 000 -00. Kallroad bonds have decreased from :.0.16 per cent of the life insurance assets in 1001 to is per cent in 1JH. in actual amount, however, the holdings of life insurance in-surance companies in railroad bonds Increased In-creased dunnc the decade from J750.000 -000 to $1.2.,0.00.000-or 67.32 per cent. The wide apparent variation between the decrease de-crease in percentage and the larger actual increase In amount. In the case of nil-rnad nil-rnad bonds, is explained in part bv the fact that the assets of life insurance companies com-panies were doubled during the decade referred re-ferred to. "In striking contrast to the reduction in the proportion of railroad securities held by lite insurance companies. Is the increase in-crease in the hoIdinKs of such securities JSiS.000.000 In the same decade" ' i