Evening star., 1940-02-21

A lifelong res G. l.. Naramore.
ident of Washington, Mr.. Naramore
is prominent in church and Masonic
circles and in the financial district.
He is member of the Washington
Round Table.
Mutual Benefit Life has just re-
ported highly successful business
year
Maryland's Deposits Soar.
Maryland's ia State banks and
trust companies had deposits total
ing $344,825,7 1885 as of December 30,
an increase of s23,78O, 1888 over the
total on deposit last June 30. the
State Banking Commission reported
today, according to the Associated
Press. The total was s42, 1854, ,736
greater than that of December 80.
1888, the report on the last bank
call disclosed.
Maryland's IL mutual savings in
stitutions reported the amount due
their depositors as of December 80
totaled $225.813.771-a $1,288 1854
increase in deposits as compared
with last June 80, and a $3,0O8, ,116
increase as compared with Decem-
ber 80, 1888. g..
Assets of State banks and trust
companies totaled 1898 ,474,443.5O as
of last December 30, an increase of
$23 ,299,112 over the figure of six
months previous, and s42,797, ,435
greater than the total assets for the
same date one year ago.
Only one figure showed a drop
from last year. Investments were
down $2,468 $40 as compared with
last June 80, and down $8,940 1872 as
compared with December 80, 1898.
Housing Loans on Increase.
The Federal Housing Administra-
ton reports that during December,
1899, lending institutions in Wash
ington made SIS insured F.. H. A..
loans amounting to $285 500, against
only 80 such loans aggregating $183,-
600 in December, 1885, In the full
year 1889 538 such loans were made
in Washington for a total of $2,9O1,- :
700, the report states.
Title I loans made by various
lending institutions in the District
OF Columbia in December, 1899,
numbered 252, amounting to $1O9,-
O68.51, bringing the total for the
year in Title I loans to 1928 and
the amount to $516,17228, the report
says.
Maryland made 1888 Title I loans
IN 1899 for a total of $1,499 1871.
In the same period Virginia lending
agencies granted 2,342 property i'm
provement loans in the amount of
S1,037 ,459.41.
All Banks Closed Tomorrow.
All the banks. brokerage houses
and investment offices will be closed
here tomorrow on account of WASH
ington's Birthday. The Washing
ton Stock Exchange will also fol-
low the example of the New York
Exchange and refrain from doing
any business.
The February meeting of the Dis
trict Building & Loan League will
be held at the Raleigh Hotel on the
9th and be an evening session,
President William N. Payne, jr, an
nounced today. A. D. Theobald of
Chicago, national officer, will be
the chief speaker.
Martin A. Cook and Rudolph w.
Santelmann. co-chairmen of the
leagues annual banquet, expect an
attendance of about $50 at the May
flower Hotel on Saturday, March %.
They report tickets now available
to the members.
DR.. j w Studebaker, United
States commissioner of education,
will be one of the speakers at the
regional conference on savings and
commercial banking in New York on
March 6 and 7, sponsored by the
A. B. A. He will speak on "Sav-
ings, an Educational Force"
Today's Trading on Exchange.
Capital Traction IS figured in two
$1,000 transfers on the Washington
Exchange today at 98.
Mergenthaler Linotype came out
on two small sales at 1872. Thirty
shares of Potomac Electric Power
51a per cent preferred moved at lis.
National Mortgage g. Investment
preferred was active today, opening
with sale of so shares at 4lls, fol-
lowed by a 100-share sale at 4.
The Commerce Department esti-
mates that $905 600, 900 was spent in
chain variety stores during the year
1889, about 21a per cent of the total
retail trade for the year. Variety
sales made a new all-time record.
On February II modernization
loans insured by the F. H. A. since
the passage of the National Housing
Act In June, 1884, aggregated ST.
O00, ,781 ,662 and covered 2,424,21
separate commitments on homes,
farms and other properties.