Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-08-17
Telephones in Use
In Washington Show
Advance Over 1899
Department Store Sales
Increase 3.9 Per Cent,
Compared With Lost Year
Nv HAROLD ROGERS.


Increased activity iii Washington
today was indicated by another
barometer, the numDe. of telephones
in use, which increased by 1875
from July, 1889, to July. 1o40.
The number of telephones grew
from 245.957 at the close of July,
1899, to 26l 1872 at the close of July,
1910. There was a gain last month
of BIS over June, 1910
Originating calls per day also
showed a big increase, rising from
an average of 996, 466 in July, 1889,
to 1,l20,307 in July 1910.
Department store sales in Wash
ington increased SO pei cent in the
week ended August iG. 1910, COM
pared with the week ended August
u, 1899, while the Fifth Federal Re-
serve District. as mole, based on
reports from IS leading department
stores. showed a gain CT Is per cent,
1t was announced by the Federal
Reserve Bank Of Richmond. Wash
ington showed a loss OF IL per cent
in the week ended August 10 this
year, compared with the previous
week, but in the four weeks ended
August 10 Washington registered
gain of 1872 per cent. compared with
the four comparable weeks in 1889.
26.2 Per Cent Rise.
Baltimore piled up an increase
of 262 per cent in the week ended
August 10, this year. compared with
the similar week last year, had
gain of SIS per cent, compared
with the previous week, and gain
of 12.l per cent for the four weeks
this year, compared with the similar
period last year.
Savings and loan associations VOL
unfairly have retired more than
sl7000,000 of Government invest
ments since June 30, although less
than sl0O0,0OO was due. it was an
nounced by officials of the Federal
Home Loan Bank Board.
The flow of private investments
into associations throughout the
country, making available ample
private capital for the building of
JlOlIlCS, Clld W iCpul SllooI
s7,4O2 900 worth of shares from the
United States Treasury and s9.7l7,-
900 from the Home Owners Loan
Corp.
Has Served Purpose.
The trend toward the retirement
OF Government funds has been no.
ticeable for three years, but it now
has reached a decisive stage. No
Treasury investments were made in
savings and loan associations dur
ing the last year. while only few
minor H. o. L. C. investments were
made in special instances.
The Government money poured
into thrift and ome-financing in
situations has served its purpose.
said James F. Twohy, governor of
the Federal Home Loan Bank Sys-
tenn "A total of about s270.OOO, 900
was invested. strengthening the en-
tire home financing structure. But
private investment now is resuming
its proper course and Government
investments now have been reduced
VI dUOuL SlOO,UUOOOO-dIlu CdIl Dt ch-
pected to be reduced sharply in the
near future
Meanwhile the Government has
been paid the same dividends on its
money as private investors, a total
of about s35 100000 in the last seven
years"
Repayments OF Government invest
ments are accepted at the end of
each six months period. Only $751;
500 was actually due during July, as
compared to the s17,120000 in share
investments which we're retired
POole's Death Shocks Friends.
Death today of John Poole, for
mer president of the Federal
American National Bank & Trust
Co., came to the financial district
as surprise and shock to his many
friends.
A M McI,achlen vice president