Evening star., 1942-08-09
July War Bond Sales
Down Slightly at
City Post Office
28,204 TotoI Trolls
1908 Record Of
Preceding Months
BY EDWARD c. STONE.

July were on slightly from the pre-
ceding month when both the num-
Der OF bonds sold and their value
broke all other monthly records, 1t
was learned from officials last night.
During July %, ,204 bonds were sold,
compared with 29,093 different sales
IN June, a decrease of 889 bonds. In
July q year ago only 1911 War bonds
were sold, the drive just getting un-
der way. Sales OF $25 bonds topped
the list In July, numbering 21,364.
The $50 bonds were second in de-
mand, while 120 buyers took ST 900
denominations.
Postal officials reported that the
value OF July War savings bond sales
totaled $924,787, against the record
amount OF $944,775 in June, a diff
ference of only $19,988. In July q
year ago, the third month OF the
campaign, the value of sales was
1896 ,050. more than $525,000 under
the July returns this year.
Sales OF War stamps in July to-
tailed $639 ,676l0. within $44,526 OF
reaching the all-time June peak.
Both bond and stamp sales reports
include only those made through
postal channels and are entirely
separate from those handled by
banks, building and loan assocla-
tions and other financial institu-
tions.
Postmaster Vincent c. Burke and
his aides said they considered the
July results most gratifying.
June Mortgages Up Slightly.
Home mortgage financing In the
Capital in June amounted to 81, 1884,
600. an increase of $203 900 over May
Of this year but decline OF 81 l,964,-
600 from June, 1941. Federal Home
Loan Bank officials reported yester-
day. More than $50 non-farm mort
cages OF $4,000 or less were record
ed during the month.
The figures compare with May
recordings Of s4, 4,561 900 and with the
much higher total Of IS, 900 re-
corded for June last year, the latest
report rejecting the curtailment OF
residential construction h resulting
from wartime restrictions on critical
building materials, officials said.
Building and loan associations
made 408 loans for $2,133, 900. insur-
ance companies, 46 for $3.50 600;
banks and trust companies, u for
1882 900; individuals, 355 for $1,183,-
600, and others, 100 for $5o6,ooo.
Home mortgage financing in Vir-
einia in June amounted to $7,140, 900,
against $7,104.000 i. in May and
k7,078, 900 in June last year.
Maryland mortgages amounted to
e7,167 900, compared with $7,560, 900
IN May and $6,527 900 in June, 1941.
Chapter Committees Named.
George w. Rowzee, jr., president
Of Washington Chapter, American
Institute of Banking, yesterday an
nounced appointment of the follow
Ing committee chairmen for the
coming year:
Advisory, A. Scott, Offutt, City
Bank; archives, house, Theodore P.
Cowgirl, Riggs National: athletics,
Geroge w. Scheirer, Bank of Com
merce & Savings; audit, Denzil E
Wiscarver, Riggs National; banquet,
Edward M. Blaiklock, Washington
Loan e. Trust; Dollars and Sense
A. E. Henze, Union Trust.
Educational, George B. Earnshaw
National Metropolitan; entertain
ment, Samuel c. Redman, jr., Lin
coin National; finance, Frances E.
Robey, Bank of Commerce g. Saw
ings; forum, Stephen O. Porter,
Riggs National; membership, Rob-
ert G. Cries, American Security g.
Trust.
Program, B. Bruce Frantz, Ameri-
can Security 81 Trust; public rela
ticns, ]. Earle McGeary, Hamilton
National; publicity, Herbert D. Law
son, jr., Washington Loan 81 Trust;
public speaking, Douglas r. Smith,
National Savings & Trust; women's,
Sophia Karydakis, Second National
Bond Sales Far Exceed Quota.
Bond stores, with July sales
quota established at $84, 900. sold
War bonds and stamps totaling in
excess OF $25l 900, or 1873 per cen,
more than the quota, it was reported
yesterday. Approximately rs pe,
cent OF the total was reached through
the sale Of War stamps, indicating
exceptional public interest in the
retail drive just completed. These
stores were among the first to adver.
tlse bonds and stamps.
July Bond F1otations Up.
The voters of "a communities ir
II States during July authorized I,
total of $8,27l 900 new bond fiota
tions, as compared with $6,518, 800 il
July, l94l, according to the Dali,
Bond Buyer.
While this is the largest July tota
since 1898, 1t is mainly accounted TO
by single item, $500 900 authorize,
by the Hampton Roads, Va, Santa
ton District.
Loan Official Receivers.
Millard T. Dixon, veteran treasure
OF the National Permanent Buildin
Association, is recovering steadily q
his Varnum street home after eigh
weeks illness in Garfield Hospita
Mr.. Dixon, who also is treasurer c
the District Building and Loa
League, expects to return to hi
of1ce shortly.
T. M, Jones, vice president an
trust officer of the Prince George
Bank Il Trust Co., has returne
from several weeks vacation
Robert Sherwood, assistant treasure
and assistant trust officer, is passin
a three weeks vacation at Edgewate
Beach, Md.
Schram Greets Many Friends.
Emil Schram, president of the Ne
York Stock Exchange, who urge
capital gains tax modified before tt
Senate Finance Committee Frida
saw many friends in the flnanci
district while in the city. He mac
q strong plea before the commit,
Tor tax bill changes.
New York Bunk Stocks