Evening star., 1939-07-23

1lOIIl SfU1 CUO,~
600 to S406 400
000 At the same VIM. Montgomery.
time, assets rose to $83,20O,OO0 on
June 80. an increase of So. 100000.
"A figure in which we take great
pride, and which we regard as being
an invaluable index of the general
economic situation, is that covering
conservation" Mr.. Montgomery
said. During the six months
period, our conservation record i'm
proved by more than II per cent"
Mr.. Montgomery also reported
that the company's first mortgage
loans now aggregate more than s39,-
466o00, and that by far the greatest
volume of this total represents loans
on single occupancy dwellings. This,
he said, is in keeping with long
time policy of stimulating home
ownership and OF assisting families
to attain that goal.
Retail Trade Off Slightly.
Compared with year ago, retail
trade in Washington during the
past week was off liza per cent, one
store reporting decrease of II per
cent and others gains as high as 12l
per cent, the Commerce Depart
ment reported yesterday in its ma
tlonal review OF business conditions
Compared with the previous week,
sales were down 40 per cent.
Bank clearings showed a gain,
S26 ,852 ,450 comparing with $23, ,l65,-
l54 in the same week last year, but
there was letdown in building per-
mits, s245 $50 comparing with s545,-
300 in the corresponding 1888 week
The number of tourists in the city
was greater than in the previous
week or year ago, Washington
Monument reports disclosed.
Total passenger revenues of the
Capital Transit Co. continued the
long record of weekly gains, S2l4,7 1856
comparing with sle9, ,499 last year.
Trade in the rest of the fifth dis
trlct was spotty, Baltimore and
Charleston, S. c.. making the best
showing, the Commerce review
stated.
Building Records Startling.
Emphasis on residential building
IN the Washington metropolitan
area during the half year brought
an upswing of more than 15-mil-
lions Of dollars over the contract
valuations Of the first half of 1898,
Henry A. Johns said yesterday in his
monthly Dodge Reports summary OF
local construction activity.
Contracts awarded for residential
building in the Washington metro
polltan area during the January
through-June period were valued at
a total of $32 ,805 900. In 1898, the
halfway total was $17,757 900. The
spectacular local gain is in line with
the 5-milllon-dolla increase re-
corded for all residential contracts
awarded in the 81 States east of the
Rocky Mountains during the six
months period
A comparison of Washington area
residential building during the first
halves of this year and last year re-
Veals that the current valuation
level was not reached until October
In 1888, Mr.. Johns said.
Non-residential building in the
Washington area, which includes
the District Of Columbia, Arlington
and Fairfax Counties, Virginia, and
Montgomery and Prince Georges
Counties, Maryland. moved as rapid
ly as the residential during the
half year. Contracts for work and
materials reached S28,652 900. Last
years corresponding total was $l2,-
$4,000.
Seltzer Committee Chief.
Paul j. Seltzer, assistant treasurer
of the American Security e. Trust
Co., has been named chairman Of
the Publicity Committee of WASH
ington Chapter, American Institute
of Banking, by Francis E. Robey,
chapter president. Chairman Selt-
zer is past president of the chapter
having served in all of the Offices,
as chairman of local committees
and on national committees.
The following members of the
committee were appointed: Marga-
ret Fischer, Hamilton National; B.
Bruce Frantz, American Security g.
Trust Co.; George Galleher, Lincoln
National; A. E. Henze, w. B. Hlbbs
e. Co.; Herbert D. Lawson, WASH
ington Loan e. Trust Co.; Richard
johnson, National Savings & Trust
Co., and Stephen o. Porter, Riggs
National.
Baltz Reports Outing Plans.
Edward c. Baltz, general chair
man of the District of Columbia
Building and Loan Leagues outing,
set for Wednesday afternoon and
evening at the Washington Golf and
Country Club, reported yesterday
that the attendance will be very
large. Gay Harrell reports wide in
terest in the golf tournament and
Wilfred H. Slanz says there is lot
OF interest in the other sports events
Arthur G. Bishop. president of the
District League, will welcome men,
bers of the Federal Home Loan
Bank and other distinguished guests
at the dinner, starting at $50
Wives and friends Of the members
have been invited to the dancing
party which begins at 10 o'clock.
Chaplin Bauman announced yes
terday that host of very fine prizes
have been contributed by business
firms and individuals as rewards in
the various contests.