Evening star., 1941-10-16
spending month in 1910.
Perpetual Holds Top Place.

Perpetual Holds Top Place.
The United States Savings and
Loan League reports that the Per-
petual Building Association of
Washington continues as the
leagues largest member asSocia-
ton, with its resources at a new
high of S53,667 ,527 on June 80. In
all there are As member institutions
with more than S10,000000 in assets
and only 20 of them were in this
group five years ago, the report
says.
The most rapid growth for any
half year since 1929 is reported.
There is nothing sectional about the
gains, associations in all parts OF
the country having advances in as
sets, the survey announces. Mem
Der institutions in the national or
ganization. with assets of more than
S5OO0.OOO as of June 80, include II
other Washington building and loan
associations listed according TO size.
American, National Permanent,
Washington Permanent, First Fed
eral. Hyattsville. Equitable Coop
erative, Oriental, Columbia Federal,
Metropolis, Northern Liberty and
. Northwestern Federal.
Many of the smaller associations
in the Capital have had propor-
tionately sharp gains in assets in
recent months, according to in
formation obtained here.
Farm Income Up II Per Cent.
Largely as a result in the rise in
farm prices, cash farm income this
year will be about II per cent larger
than in 1910. According to prellml-
narv estimates of the Department
of Agriculture, income from farm
marketings is expected to total
around 20 per cent larger than last
year, while Government payments
will be somewhat smaller.
Current estimates indicate that
the volume of products marketed
will be greater this year than last
wear. Total agricultural production
is estimated to be about 3 per cent
larger than that of last year and
about l3 per cent larger than the
average of both the past decade ana
the l924-1929 period.
AS a result of the improved posi-
ton of agriculture there has been
increased activity in the buying OF
farms and some rise in farm land
values in recent months, the FED
eral Reserve Board says.
Transit Establishes New Peak.
The Capital Transit Co. is now
operating In the morning rush hours
! ASS streetcars and buses, officials
announced today, a new au-tlme
transportation peak for the COM
pany.
The National metropolitan Bank
Yesterday paid the regular per
cent dividend due at this time, to
stockholders of record on OCTOBER D..
The recently declared per cent
extra dividend will be paid on
December 20 to stockholders of
record December 10.
Washington Chapter, American
Institute of Banking, has a record
enrolment of about 295 students for
the first semester, Kenneth Blrgfeld,
educational chairman, reports. The
class in banking fundamentals has
156 students, IA in one section and
81 in the other.
A new course in banking cor
respondence will be opened on Oc-
tober 20 for II sessions, the IN
structor to be Gardner P. H. Foley,
assistant professor University of
MARYLAND. This is intended to be
a very practical course for chapter
members.
Today's Trading on Exchange.
Washington Railway & Electric
As opened trading on the Washing
ton Stock Exchange today, $1,000
changing hands at 1882, up H.
Capital Transit stock was strong
today. small sale taking place at
1615, around recent levels.
Capital Traction SIS appeared on
the board in a $1,000 transaction at
1047s, practically unchanged.
Capital investment brokers were
much pleased today with the an
nouncement that the American Tele-
phone & Telegraph Co. is going to
sell through various stock exchanges
the remaining unsubscribed S10,839,-
TOO of the recent huge issue OF deb
entures. 1t is anticipated that many
of these bonds will be sold on the
Washington Exchange.
Heard in Financial District.
Payments by life insurance COM
panies to living policyholders this
year in the form of endoWmentS,
annuities. disability payments, sur
render values, and dividends, passed
the billion dollar mark with the dis
tribution of sos, ,624,00 in August,
bringing the total for the year to
date to $l,O36, 10000, the Institute
of Life Insurance reported today.
The Commerce Department re-
ported today that variety store sales
in the first nine months of this yea1
were II per cent larger than in the
like 1910 period.
C. w. Borton, newly elected preSi-
dent of the National Association OF
Bank Auditors and Controllers, i;
assistant vice president of the Irv-
ing Trust Co., New York.