Evening star., 1941-07-18
Capital Store Sales
81 Per Cent Ahead
OF 1910 Levels
Weeks Volume Rises
s Per Cent Ahead OF
Preceding Week
Nv HAROLD B. ROGERS.

in the week e00eQ July Il, as COHl-
pared with the week ended July 13,
1910, according to report today
by the Federal Reserve Bank of
Richmond.
Sales were 5 per cent above the
previous week, ended July this
year.
The cumulative gain for the four
weeks ended July u. as compared
with the similar four weeks last
year. was 33 per cent
Baltimore had gain of "a per
cent for the week compared with
the same week a year ago: 40 per
cent for the week compared with
the previous week this year and
26 per cent for the four-week
period
Other cities III the Fifth Reserve
District showed a gain of 43 per
cent for the week compared to the
1910 week, 20 per cent for the week
compared with the prior week; and
"a per cent for the four-week COM
parlSon.
The District as a whole regis
tered gains of "a per cent for the
July II week compared to the 1910
week, 20 per cent for the week COM
pared with the prior seven days
and 29 per cent for the four-week
period.
The figures in the report are
based on reports from 18 leading
department stores throughout the
Fifth Federal Reserve District.
Fifth District Leads.
Meantime from the Board of Gov
ernors of the Federal Reserve Sys-
tenn came a report OF weekly de-
partment store sales showing that
the Richmond Federal Reserve dis
trict with its gain of "a per cent for
the week ending July Il, over the
similar week of year ago, led the
entire country.
The average gain over this period
for the II Federal Reserve districts
was 19 per cent. Next to the Rich
mond district came Atlanta with an
increase of % per cent. Other
gains for the other districts IN
cluded: Boston, II; New York, l3;
Philadelphia, %, Cleveland. 25;
Chicago. 10: st. Louis, 10; Kansas
City, 23; Dallas, %; San Francisco,
is
In the four weeks ending July y
the gain in the Richmond district
over the similar period last year
was % per cent as compared with
the United States total gain OF q
per cent.
Loan Associations Gam.
Another new high in resources
was registered by member associa-
tions of the District of Columbia
Building and Loan League when a
compilation of the combined assets
of the groups at the close Of busi-
ness June 80 showed a sam Of ST.,
6aS,516 over the previous month.
Total resources climbed 10 Sl64,647.-
s33. AS against $l63, ,032017 May 81
and S148, ,560,534 year ago. The
increase in assets during the IL
month period was sl6,086,999.
In making public these figures F.
Wilson Camp, secretary OF the
league, SAID that new investment
accounts are coming in at q salts
factory rate, Is per cent gain being
noted over June, 1910.
Analysis of the report, he said, re-
eealed strong cash position with
corresponding decrease in redis-
-ounts and borrowed money, A gain
of s14784, 799 in real estate loans
outstanding against the comparable
statement of year ago illustrates
the rapid expansion in home build
ing and home owning. Mortgage
loans now total Sl54 ,055 800 whereas
a year ago the figure stood at Sl39,-
270,701. Keeping pace with the de-
mand for home loan money shares
subscribed for by members of the
various units rose to Sl44 I'll ,469, an
increase of $13.326402 Surplus and
reserved also advanced considerably
rising to $12,958,623, an Improvement
of s1,986,963 over June, 1910.
While new mortgages approved
fell over half million dollars under
the preceding month. the total of
$4,828,030 is still the largest Of any
month in recent years OF The loans
made nearly four million was for
neu houses and construction pur-
poses.
Insurance Sales Down.
Sales Of ordinary life insurance in
ta,e District of Columbia amounted
to t5.o67 900 in June. drop of 10
per cent from June. 1910, according
70 the Life Insurance Sales Research
Bureau of Hartford, Conn. Volume
this year to date here was $346l5.-
400, gain of 5 per cent over the
same period last year
Maryland showed sales of 9250,-
nno in June, a drop Of l per cent
from June, 1910. and S51.757 900 for
the year TO date gain of per
cent over the 1910 period.
Virginia registered gain of IA
per cent in June, and 9 per cent in
the year to date, over similar 1910
periods.
A. c. Clarke has been appointed
chief engineer OF the Baltimore e.
Ohio Railroad effective July II. ac-
cordlng 10 announcement by G. w
Van Horn, vice president in charge
of operation and maintenance of
the company. Mr. Clarke. formerly
assistant chief engineer of the B. &,
O.. with headquarters at Pittsburgh,
Pa, succeeds H. A. Lane. recently
deceased.
Capital Traction first 5s featured
busy days trading on the Wash
lngton Stock Exchange today. SELL
Ing at 104, same as last prior sale
Capital Transit stock moved in three
blocks from 1881 down to 1512. as
compared to 1872 prior sale
A, r 6 r. rights were active again
changing hands at 1892 and
111-32. Washington Gas Light pre-
ferred went at 1854, up from last
sale of I0412.