Evening star., 1940-08-03
Washington Loans
Under F. H. A. Stage
NewAdvances
Department Store Sales
In Capital Show Goin
Ofl2.1 Per Cent
BY HAROLD B. ROGERS.

BY HAROLD B. ROGERS.
Loans made in this area by lend
ing institutions for modernization
and improvement under authority
of the Federal Housing Authority
are still increasing substantially, ac-
cording to information made avail
able today through the District
Bankers Association.
Such loans made by lending in
stitutions with head Offices in the
District numbered 1852 as of June
30, 1910, and totaled $1,228,684.
determination and improvement
loans made by lending institutions
whose Offices are not located in the
District, on properties located with
In the District, numbered 1855 on
June 30, and amounted to $1,013,2 ,264
Four Classifications of Loans.
Other details on four other clas-
sif1cations of loans were disclosed
as follows:
Modernization and improvement
loans made by lending institutions
whose head offices are located in the
District of Columbia, whether made
on properties in the District or out
side the District-under the Febru-
ary, 1888, amendment only-Febru-
ary, 1888, through December 81, 1889
datest figures available), number
4,899 in the amount of $2,096,036.
Loans made by lending institu-
fiNy7c INfHrnc MT yi11, far
In the District on properties To-
Gated in the District of Columbia
under the February, 1898, amend
ment only-February 1898, through
December 81, 1899 Qatest figures
available, number 1888; amount,
$1616,438.
Loans made by lending institu-
tions whose head Offices are located
In the District of Columbia-whether
made on properties in the District
or outside the District-under the
July, 1889, amendment only-Janu-
ary l, 1910, through June 30, 1910,
number 1878; amount, $6l0,212.
Leans made by lending institutions
(offces not necessarily located in
the DISTRICT on properties located
In the District of Columbia-under
the July, 1889, amendment only
January /, 1910, through June 30,
1910, number 1882; amount, s497 ,092.
Department Store Sales Gain.
Department store sales in WASH
1ngton in the week ended july 81,
1910, showed a 121 per cent gain
compared with the comparable week
IN 1889 it was announced today by
the Federal Reserve Bank of Rich
mond. Washington stores in the
1910 week showed decrease of ST.
per cent from sales in the previous
week ended July 20, but for the four
weeks ended July q. local stores
registered 1874 per cent gain over
the four weeks ended July 30, 1899.
Department store sales throughout
the Fifth Federal Reserve District in
the week ended July q were 10 per
cent more than sales in the week
ended July 20 last year, but were
per cent below sales in the preced-
ing week this year.
Cumulative sales in the four weeks
ended July 81 averaged II per cent
above sales in the four weeks ended
July %, 1929 Averages were based
on reports from Is leading DEPART
ment stores.
Baltimore showed gain of 81 per
cent over the comparable week last
year. a decrease of 5 per cent under
the previous week, but for the four
week period there was a gain of 1O.7
per cent over the comparable 1889
period.
Chevrolet Names Manager.
r. P. Murphy has been appointed
city manager for Chevrolet in both
Washington and Baltimore. it was
announced in Detroit by William
E. Holer, general sales manager.
Mr.. Murphy formerly held a SINH
lar post in Pittsburgh.
Joining Chevrolet in 1928 as a
factory representative in Pittsburgh.
Mr.. Murphy has held other posts
in that city, including office man
ager, sales promotion manager, and
assistant zone manager.
'N"AeeAhi AAc1ipSolllClS Ol
the Acacia Mutual Life Insurance
Co., has been comforting here this
week with members of the Field Ad-
vlsory Committee of the company.
and other officials on matters of
interest to the field personnel.
Through them. and by means of
the continuing functioning of the
Field Advisory Committee, Mr..
Montgomery explained direct par
tlclpation has been provided by
Acacia with its agency represent
atives in the formation of policies
affecting the field staff.
Members of the committee are E.
M. Barr, manager, Youngstown
tOhio) branch: K. G. Snyder, West
Virginia manager: La Noue Malta,
manager, Los Angeles branch, and
w. B. Vennard, manager, Houston
(TeXD branch.
Directly assisting Mr.. Mont
gomery in the conferences with the
committee was Samuel E. Mooers,
Acacia field vice president.