Evening star., 1940-02-03
Maryland and Virginia
Home Loans Mount
Rapidly During Year
Federal Insurance
Corporation Reports
Volumes for 1889
By EDWARD C. STONE.

A total of 1854 home loans
amounting to s11 1886 $50 were made
in 1889 by the insured savings and
loan associations in Maryland, max
ing it a banner year for home
financing in that State, it was an
nounced today by the Federal Saw
ings & Loan Insurance Corp.
These figures compare with 2059
loans valued at $7,095 ,855 in 1888.
Insured associations in the State
now number AZ.
At the end of 1899, 31,047 ac-
counts were listed by the associa-
tions, as compared with 23,877
year before. Total savings increased
from $17,l01, 100 to $23 ,27l ,220 in the
same period, or $6,170,120.
Insured associations in Maryland
are located in Baltimore. Cumber-
land, Glen Burnie, Hagerstown,
Overlea, Towson and Silver Spring.
Virginia Loans Also Rise.
A total of 3,269 home loans
amounting to S8,4O8,37S were made
in 1889 by the insured savings and
loan associations in Virginia, max
ing it a banner year for home
financing in that State.
These figures compare with 1898
loans valued at S6,315,67l in 1888.
Insured associations in the State
now number %.
At the end of 1899, 1851 patrons
were listed by the associations, as
compared with 11,783 a year before.
Total savings increased from Sl3,-
S2O,7O0 to $19,442,290 in the same
period, or $5,621 $50.
Insured associations in Virginia
are located in Alexandria, Airing
ton, Bedford, Bristol, Clifton Forge,
Hopewell, Lynchburg, Manassas,
Norfolk, Petersburg, Richmond Roa-
noke, Salem, South Boston, Virginia
Beach and East Falls Church.
South Leads in Rural Sales.
The marked expansion in sales
of general merchandise in rural
areas during December was rela-
lively more pronounced in the Mid
die West, the Commerce Depart
ment reports. December volume for
the trade was the largest on record
for each region with the relative
gains over December, 1888, varying
only slightly from the Is per cent
increase recorded for the country as
a whole,
Total sales for the year 1889 as
compared with 1888 showed a sub
stantial increase for all four re-
gions. The gains ranged from about
10 per cent for the Far West to
about Is per cent for the South.
For the country as whole rural
sales were up about II per cent.
Sales in all regions attained record
dollar volume in their 1889 totals
excepting in the Middle West where
they failed to exceed the 1929 figure
by about 10 per cent.
In the South and the Far West
the respective 1929 totals have been
exceeded each year since 1886, while
sales in the East exceeded the 1929
total figure in both 1887 and 1889
and closely approached it in 1888.
Four Faculty Members Added.
-Four faculty members have been
added to the teaching staff of the
Graduate School of Banking for its
1910 session at Rutgers University,
it was announced today by Dr..
Harold Stonier, executive manager
of the American Bankers Associa-
ton.
The new members are R. S. Alex
ander, assistant professor of market
ing, Columbia University, added to
the economics faculty; Irving Bus
sing, director of research, Savings
Bank, Trust Company and Savings
Banks Association of the State of
New York, who will lecture in the
savings banking course; j. Harvie
Wilkinson, jr., vice president, State
Planters Bank & Trust Co.. Rich
mond, Va, who has been added to
the investments staff, and Arthur
F. Young, vice president and trust
officer, National City Bank, Cleve-
land, who will lecture on the invest
ment aspects of trust work.
Real Estate Bonds Higher.
During the month of January
real estate bond prices rose 13
per cent according to the Amott-
Baker realty bond price average
which is based on the market &C
ton of 200 issues secured by well
known properties in the Eastern
part of the United States. With |
the exception of Buffalo, prices in
all cities shared in the advance
The average price of a $1,000 bond |
is now 1913 compared to 1914 at the
close of 1889. This rise of 1.3 per
cent makes up for fair portion of
the per cent decline suffered dur
ing the entire year 1899, the report
saws |