Evening star., 1925-03-21
BU|LD|NG-LOAN
FUNDS S4O,ODO,OIO
Local Secretary Presents
Figures at Election of
Delegates.
BY CHAS. p. SHAEFFER.

Assets of building and loan assoc
Citations operating in the District now
exceed s40.000.000, according to ffg1
ures submitted by James NJ Wood
ward. secretary of the local Building
and Loan Association Council, at a
recent meeting. Detailed statistics
were not presented
The council has named the follow
ing delegates as representatives Of
the local body to the thirty-third an
Eual convention Of the United States
League to be held at the Muehlebach
hotel Kansas City. Mo, June 9 to
II, inclusive: c. Clinton James. first
vice president OF the national organi-
zatlon; W. $. Quinter. president OF
the local league: Albert Schulties,
executive committeeman from the
District. and James Berry. president
Of the Perpetual Building Association.
The wives Of the delegates will 40.
company them to the cOnclave. the
trip being made on a special train.
William r. Adair of Omaha. Nebr-
president of the United States League,
and Herman +. Cellarius. secretary,
spent several DAYS in Washington
this week comforting with the local
building and loan interests
Local stock Trading.
Preferred stock OF The National
Mortgage and Investment Company
featured today's trading on -b9 local
market by scoring fractional ad-
vance to 92s after remaining notion
less for weeks. \ total Of 51j shares
We're traded in.
Washington Gas Light Stock was
I stronger, moving upward 20 59iz on
odd lot rading, and Is shares of rail-
way common sold dt 1854. National
Metropolitan Bank brought 292 on
sales of ! shares
Gas 6s of 1933, the only active
bonds, sold at 1885,.
Three Fewer Failures.
A slight change only occurred in
the number Of commercial failures
in the United States this week, the
total of 4I6 reported being but three
less than the week before. but an in
crease of % over a year ago.
Railway equipment orders for the
third week Of March had an estimated
value exceeding $4.000.000 according
to Railway Age and included 10
comotiyes, l,145 freight cars and ~
passenger cars.
Dun's Business Outlook.
r G. Dun d Co. comments as fol-
lows on the future Of business after
the hectic week closing today:
There has been no setback in trade
to account for the recent depression
in grain and securities. which has re
suited primarily from an oyereXten-
sion of buying on the great rise that
followed the election. The further
break in wheat prices this week
accelerated the decline on the stock
exchange, while the financial diff
culties of a prominent Western rail
road, ending in a receivership, in
tensifed the unsettlement. The re-
action in speculative markets has not
been wholly unexpected, however, and
! it has not generally affected business
sentiment. for commercial conditions
are inherently sound.
There IS large export movement
of agricultural staples and manufac-
tured products; domestic mill takings
of cotton have increased and more
spindles are active; freight traffic
continues Of record volume for this
season. and bank cleariugs substan-
TALLY surpass last years totals. These
and other favorable features tend 10
sustain confidence, although the slow
expansion in different quarters ard
the many irregularities that prevail
are clearly recognized.