Evening star., 1941-04-07
Other Calls Also Issued.

The Federal Reserve Board issued
a similar call to the State banks
belonging to its system. Altogether,
6486 banks were asked to reveal de-
tails of their deposits and other
liabilities and assets.
The Federal Deposit Insurance
Corp, which issues such requests
only twice year, did not issue a
call
Acting Banking Commissioner H.
P. BrightWell issued a call today
for a statement of the condition
of all State banks in West Virginia
as of the close of business Friday.
April 4
Wholesale Trade Mounts.
Wholesale trade transacted oy 181
firms in the Fifth Federal Reserve
District in February registered
gains as high as 81 per cent over the
same month last year, according to
the Richmond Reserve Banks latest
review. The average wholesale
trade gain in all lines in this district
was 10 per cent.
! Electrical goods led other lines
with the 81 per cent gain over Feb
ruary, 1910. Industrial supplies
stood second with a jump of Sc per
cent while automobile supplies came
in third in sales with an upward
bound of 80 per cent.
Miscellaneous goods handled by
43 wholesale firms reported sales
were % per cent better than last
year. Hardware demand was up %
per cent and sales of paper and
paper products jumped % per cent,
the review said. Tobacco and to-
bacco products moved up 13 per
cent.
Drugs and sundries were per
cent better than year ago; dry
goods sales were 3 per cent higher
but so wholesale grocery firms noted
advances of only l per cent. Shoe
sales were per cent larger than
last year and 81 per cent higher than
in January this year. There was a
general letdown from January,
average sales being up only l per
cent
Dollar volume in February
amounted to s1l999, 900 against
SlO.O5e 900 a year ago, the survey
said
Loans Under Title 1 Analyzed.
Purchases of heating systems and
heating system repairs afforded
lending institutions their largest
source of Title 1 loans during 1910.
as we'll as during 1889, Federal Hous-
reported under that title of the Ma
tional Housing Act reveals.
Heating-system loans reported
during 1910 numbered 190079 and
amounted to S66,324,381. The latter
sum represented "a per cent of the
total dollar amount of all loans re-
ported during the year-a slight in
crease from the proportions of heat
ng-system loans reported during
the two previous years.
In considering these figures, it
should be remembered that in re-
porting Title I loans to the F. H. A.
lenders are asked to designate only
the major uses to which the loan
proceeds are to be put. Thus, a
substantial part of loan for heat
ing system may possibly be used for
painting or other work.
Today's Trading on Exchange.
Twenty shares of Washington Gas
Light common stock sold at 2212
On the Washington Stock Exchange
today. Capital Transit appeared on
the board in IS and Is share sales
at IT, unchanged.
Property improvement loans re-
ported for insurance under title l
of the National Housing Act, as
amended June 3, 1889, in the Dis
trict of Columbia numbered 3,173
in 1910 and amounted to 1884 SAB,
the F. H. A. reports.
Written by Walter B. French,
the American Bankers Association
has available manual on per-
sonal loans, which suggests ways of
obtaining such loans, how they
should be handled and many other
suggestions of value to the many
banks which have recently started
Small-loan departments.
Home financing in urban areas of
the Nation in the short month of
February was slightly behind that
of January, but exceeded both Feb
ruary. 1910, and February, 1889, by
substantial amounts. the Federal