Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-02-04

He is past president OF Jackson
vile Chapter, and has been active
in the national organization for
many years, having served three
year term as member of the EX-
ecutive Council.
The banquet committee reports
that the entertainment program IN
charge of Kenneth Birgfeld, Amer
lean Security & Trust Co., is pro-
crossing toward completion. A well
known orchestra is being brought
to the city for dance music. The
committee is being assisted by Maxim
Lowe in arranging for other talent.
D. C. Retail Trade Slows Up.
Retail trade in Washington de-
partment stores in the four weeks
ended January q was AZ per cent
ahead of the corresponding four
week period year ago. the Federal
Reserve Bank of Richmond reported
yesterday.
However, there was some let-up
In trade in the Capital. Sales for
the week ended January q were 9.8
per cent less than sales for the week
ending January % year ago, the
report said. Sales were 20 per cent
below the previous week this year,
bad shopping weather being assigned
as the chief reason for this wide
difference.
In the four week period under re-
view, sales in the whole fifth district
were per cent better than last year.
For the week ending January q, the
weather caused a slump of 3 per
cent.
Baltimore made the best weekly
showing among fifth district cities,
with gain of per cent.
Loan Dean 80 Years Old.
Eckert j. Sacks, dean of the build
ing and loan fraternity, will cele-
brate his 92d birthday anniversary
tomorrow and will receive the con-
gratulations of his many friends at
his Office at 629 F. street, the home
of the Washington Permanent Build
ing Association, of which he is
president.
Assisting in 1.-The organization of
the Washington Permanent in 1881,
Mr.. Sacks has been active in the
affairs of the association ever since.
Although born in Cassel, Germany,
he came to Washington more than
IS years ago.
Winston Salem Bank Third.
Surprising all previous records
except those in 1887, the IL Federal
Home Loan Banks in 1899 advanced
$94, 780, 587 to member institutions to
aid them in meeting expanded de-
mands for home-financing funds, it
was reported today by officials of
the Federal Home Loan Bank Board.
At the close of the year, cumu-
lative advances of $581 1922 AGO had
been made to member institutions
since the system was created by
Congress in 1882. Of that total,
$4OO. sos, 1859 had been repaid leav-
ing a balance outstanding of $751;
s12,ss1.
The Federal Home Loan Bank OF
Chicago led in outstanding advances
with $25.882, 260; the New York
Bank was second with 1890, 094,
and the Winston-Salem Bank, third
with $l9,819,668.
Heard in Financial District.
State and municipal financing
for January aggregated $58,830, 286,
as compared with $104,986,444 for
January, 1899, according to the Daily
Bond Buyer. The revised total for
December was 03,5208l3.
D. H. Miller, salesman for the
Washington Gas Light Co., is one
of the winners of cash award in
a sales contest sponsored by Servel
Inc, in January, it was announced
yesterday.
Home mortgages numbering l.
362,794 and amounting to $685.
sos, 700 were recorded by all types
of lenders on non-farm property
in the United States in 1899, it was
estimated today by officials of the
Federal Home Loan Bank Board.
Washington bank stocks have
been neglected on the Washington
Exchange so far this year. Only
Liberty National and Bank of Be-
thesda have appeared in the trading.