Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-11
BUILDING And LOAN
ASSETS GAIN HERE.
"A Associations in District
i Also Show 3,21o New
Memberships.

4wentv-four savings, building ana
loan associations In the District of
Columbia showed gain of 1924 .2s4
IN the year 1880, bringing their total
assets ZIP to SIS. 400. 900.
During the year 1890, these associa-
lions also made a gain Of 3,210 mem
berships. bringing the total here up
90 1929
These figures were disclosed today
of Philadelphia in the annual report
70 the United States Building and Loan
League by its secretary-t II.
r. Ceilarius of Cincinnati The league
te holding its national convention in
Philadelphia, to celebrate the Tooth
anniversary OF the founding OF the first
American building and loan associa-
ton in Frankford, a suburb of Phila-
delphia.
Three Neutrality-suspicious. are attending
who is chairman of the National Legis-
lative Committee of the league; william
s. Quinter. president of the District
Building Association, who Is secretary
OF the District Building Association
Council. and Carl J. Bergman, secre-
tary of the Washington s Per Cent
Building Association.
Gain Shareholders.
In his annual report, Mr.. Cellsrius
today further pointed out that savings,
building and loan associations in the
United States gained last year more
than twice as many shareholders as
they gained in 1929.
Total assets OF the association in
creased $128 4,939 during the fiscal
year ending December 81, 1880, the re-
port showed. The figures were totaIed
from 1i.77T associations, 10 of which
are In the territory of Hawaii. The
league is the national organization of
the building and loan business.
The total membership in building
and loan associations in this country at
the end of 1880 was l2,336,754 an in
crease of 225,545 shareholders over the
previous year" said Mr.. Cellarius. In
1929 we gained exactly lis, 304 share
holders.
According to Mr.. Cellerius' report,
the mortgage loan investments of all
building and loan associations in the
United States in 1880, including the
territory of Hawaii. were $7.S64 ,26i ,lO8
The record increase in mortgage loans
in 1880 was recorded by Kansas. where
the building and loan associations in
creased their mortgage loans BY s4,2l2,-
sos last year.
Nearby States Gained.
The report confirmed Pennsylvania
loan assets with total of Si,37l ,223. 42a,
Ohio was second with sl.244,2 66. 1926.
and New Jersey Is making strong bid
to leave third place with 81 ,2ll, 941 ,913,
an increase of more than $50. 600 900
over her assets at the end Of 1929. Other
States showing gains exceeding $i0,-
900 are California. with a gain of
$4,000, 900; Illinois $21 100000 Massa-
chusetts, $l9,000,000; New York, $l8,-
100000, and Missouri. $12.O00,000. Sew
eYal States, however, showed decreases.
The report showed that the State OF
Virginia has 90 associations; fncreas-
ing 81 sci ,002 in 1880 to total assets of
$50. 439. 644. Virginia's memberships
gained by 1.T30 in 1880 bringing the
total memberships up TO 66,730
In the State Of Maryland. where re-
turns were estimated 1t was said
there were l,15O associations with a
600 In assets during 1880. TO a total
OF 1920, 600 600.
w. r. a e. Is Still Active.
washington Railway e. Electric As
were active today on the Washington
stock Exchange, selling in some volume
at prices rising from a3 to 93le Wash
ington Gas SIS A turned over OF 1903.
Potomac Electric 52 preferred sold at
Ill, while the construction IS of the
same company went after call at 104A
and 104ia. Real Estate Mortgage pre-
ferred sold at 105.
Washington clearing house figures
today: s5.6e5, i68-l6.
Peoples Sales Gain.
Despite the business oppression. Pec-
piles Drug Stores sales show a gain OF
sos per cent according to July reports
just made public. July sales increased
from 81 STATIC in 1890. TO 81 asa g23
in 1881. Sales showed gain OF 4.e4
year. growing from SO .583 .654. for the
1880 period. TO slO,o57,oi4 for the 1881
period.
Fiemphill Noyes a. C,5, members OF
the New york Stock Exchange with
Offices in The SAoreham Building, an
notInce the addition to its stock depart
nlept Of August Schmidt and Lawrence
r. Leeby, both Of whom have been
identified for some time with the in
vestment business in washington. Mr..
Schmidt viii be engaged in the statis-
teal department as well as the stock
department.
Wholesale Prices Drop.
The wholesale price index OF the Ma
tional Fertilizer Association declined 5
fractional points during the week
ended August 8. The general index
number showed loss during the pre-
ceding week OF fractional points The
latest index number is 675, new rec
ord low point A, week ago the index
number was $50. a month ago it was
68.7, while year ago II was 86.3 The
index number 100 represents the aver
age for the three years 1926-la28
The Sea board Public Service Co. at
Alexandria. subsidiary OF National
Public Service Corporation. shows con-
solidated gross earnings of sl5,20S, le0
TO- the IL months ended June 80, as
compared with 4.52s .694 for the cor
responding period year ago, or 3
gain OF SO per cent.
Personal Mention.
Joshua Evans president Of the Dis
frict National Bank. has returned from
his vacation a. Block Island
c. J. GockeieT. vice president of the
District National Bank. Is spending a
months vacation al Margate City. N }.
Frederick r. III. Siddons. secretary Of
the American Security g. Trust Co, Is
At