Evening star., 1942-10-14
Reserve Bank Reports
War Bond Sales Up
Here in September
4,528,030 Volume
Recorded Outside
Post Offices
BY EDWARD C. STONE,


the District of Columbia in Septem-
ber. outside of the post Offices,
scored a substantial advance Of
s496 SOAPS over August, reaching a
total of $4,528 03050, it was learned
from the Federal Reserve Bank Of
Richmond today.
Series E bonds were most in de-
mand, sales totaling $2,541 900 at
the issue price, and well ahead of
the August total of S2,214,431.25.
Series F bonds were much more
favored than in the preceding
month, s465 ,330.50 comparing with
$26S, ,435. Sales of Series G bonds
fell off, a total of S1.521, ZOO COM
pairing with $l548,600.
Since the sales of these bonds
started in May, 1941, Washington
residents have bought S28,857. 1880
of Series E bonds, $5,l93,153 of
Series F and $26,040,7 TOO Series G.
bonds, making grand total Of
$50 091 .640.50. The same report re-
veals that in Washington, Maryland,
Virginia and the rest of the fifth
district, residents have supported
the war effort by the purchase of a
total of SAIL, ,449, ,52S.50 of these
bonds.
Sales of E bonds in Maryland in
September amounted to S4,905,375
against $3,878,718.75 in August: Of
F bonds, $778887, against $531 1888:
while G bonds purchases reached
$3.338, 700, compared with $2,36O, 200.
Virginia Series E sales totaled
ST 1872 ,262.50, as compared with $5,-
241 20625 in August; Series F, ST.
063 1850, versus $581 ,492; Series G,
! $2,781 500, against $2,065, 900. the
summary stated.
Wholesale Trade Slows Up.
The Federal Reserve Bank of
Richmond reports that sales of 213
wholesale firms in the fifth district
averaged l per cent higher in Au-
gust than in the same month last
year. This is the smallest gain this
year. Tobacco and tobacco products
topped the list with a 10 per cent
gain; shoes came second, up IS
per cent; drugs, third, sales rising
13 per cent.
Sales of dry goods were per cent
ahead of last year and the demand
for groceries moved up IL per cent.
In about half the wholesale lines,
! however, sales were under 1941. Auto
supply sales were down per cent,
electrical goods % per cent and
hardware per cent.
The demand for industrial sup
plies was per cent under last year
and for paper and paper products
was off 8 per cent. Sales in 66 mis-
cellaneous lines were down per
cent, many desired goods not being
available, the report says.
Loan Officers Are Reelected.
All officers and directors of the
District Building & Loan Associa-
ton were reelected at the 31st an
nual meeting of the shareholders,
held yesterday. George A. Baker is
again president; Henry Gilligan.
vice president and attorney; F. Will
son Camp, secretary Di-
rectors include John H. Davis.
Charles H. Frame, William F. Friel,
Warren w. Grimes, Otis H. Johnson,
Harold A. Wood and the officers.
Secretary Camp reported that a
new high in assets was reached dur
ing 194142, with resources now
totaling $2,900,0OO Mr.. Camp said
the year was most satisfactory from
every angle.
Founded in 1911, the association
is member of the Home Loan Bank
System, Federal Savings and Loan
insurance Corp, United States and
District Building and Loan Leagues.
Associates Honor Hardy.
Edward r. Hardy, for % years
manager of the Underwriters Asso-
clatlon of the District of Columbia.
was given luncheon at the Uni
versity Club yesterday by the Gov
ernlng Committee of the association
In honor of his long service.
Snort speeches were made by W.D.
Elicit, vice chairman of the Govern
Ing Committee; Albert Howard, vice
president Of the Firemen's Insurance
co. OF Washington and GEORGETOWN:
Charles Hood, and Hubert Ouinter.
chairman of the Governing Com
mlttee of the association. H. E. C.
Rainey, assistant manager, arranged
the program.
Real Estate Officer Named.
George S. Denton, who has been
with the National Savings & Trust
Co. for several years, was elected an
assistant real estate officer at the
meeting Of the board of directors
yesterday.
Mr.. Denton is a native of WASH
lngton, was educated in the public
schools and in the American Insti-
tute OF Banking. He is associated
with Barnum L. Cotton, the banks
real estate officer.