Evening star., 1942-01-11
War Bond Sales
Rise Sharply in
Fifth District
$31,837,408 December
Volume Reported by
Richmond Bank
By EDWARD C. STONE.

BY EDWARD c. STONE.
Defense savings bond sales in the
Fifth Federal Reserve District. in
Guiding Washington, scored huge
gains in December, climbing to a
total Of $31, 1897. .40850 and reaching
q grand total of $112.370, ,443.25 since
the sales started last May, President
Hugh Leach, of the Richmond Re-
serve Bank, reported yesterday.
December sales in Series E bonds
led all others, numbering 208,324
pieces at the total issue price of $19.-
240,31250. Since May 472,976 Of
= these bonds have been sold, amount
ing to $48,924,88125 issue price. OF
these bonds, 05,059 have been in
S25 denominations, far exceeding
all others; 81 ,O68 in $50 bonds; 129.-
653 in 500 denominations; 28,216 in
$500 and 28,980 in 1000 denomina-
tions.
Sales in December in Series F
bonds numbered 2,4O3 for 50 ,6O5 ,O96
Since May 9, 160 pieces have been
sold, amounting to $11,903,862. In
this issue the $1,000 denominations
have been most popular, with 500
bonds second.
Sales Of Series G bonds in De-
cember numbered 1877 for $685.
100 and from May through Decem-
ber totaled 33,907 at the total issue
price of 51,541, ,70O In this issue
the $1,000 denomination was much
the most favored, with the 500
bonds in strong demand.
The report shows that since the
United States entered the war a
great wave of Defense bond buying
has swept this territory. The sum-
mary covers the Richmond Bank S
sales, those OF all banks in the Fifth
District having issuing licenses, and
other institutions, but no post Office
figures. The maturity value of all
three classes of bonds sold since
May IS $132,861,175 Mr.. Leach re-
ported.
Acacia's Assets at New Peak.
Assets of the Acacia Mutual Life
million mark in 1941 for the first
time, reaching 00,700,000 on De-
cember 81, President William Mont
gomery announced yesterday.
Forty-eight years ago, when Mr..
Montgomery took charge of the
company, assets stood at $14,331.
During 1941 paid for business to-
tailed s45,840,0OO, compared with
$36,562 1000 in 1910. an increase Of
more than 25 per cent. and the con-
servation rate registered an IL per
cent improvement over the preced-
ing year.
The net increase in business in
force amounted to $23,114,0O0 against
S12,022 900 in 1910, a gain of 80 per
cent. Total insurance In force as
of December 81, was S446,012 900,
which compared with s422 1897 900 for
the corresponding period year ago.
December was the best month in
the company's history, Mr.. Mont
gomery announced. New business
amounted to $8.168, 900 against $4,-
$4,000 in December, 1910, an in
crease of 68 per cent. Net increase in
business in force showed a gain of
Merchants Elect Officers.
Results of Merchants and Manu-
facturers Association trade group
elections for the coming year were
announced yesterday, by Edward
D. Shaw, association secretary.
Arthur j. Sundlun, president of
A. Kahn. Inc, was reelected chair
man of the jewelers. Division for the
18th consecutive term, at a meeting
of the Washington jewelers..
Walter Nordlinger of The Mode
was reelected chairman of the
Clothiers' group of the association.
George Israel of the Bell Clothes
Shop was elected vice chairman and
I. Cohen of Young Mems Shop,
treasurer
B. M. Bulkley of Jelleff's was re-
elected chairman of the Store Man.
ayers Division of the Department
Store Section.
M. K. HEARTFELT of Melvern
Diaries was reelected chairman OF
the Ice Cream Manufacturers group.
The Food Distributors will hold
their annual dinner meeting, for
election of officers, Thursday eve
ming at the Dodge Hotel. while the
Oil Heating Division will hold a
luncheon at the Hamilton Hotel
Tuesday.
Elliott to Address Bankers.
DR.. William Y Elliott Of the de-
partment of government at Har-
ward and now serving in the Office
of Production Management. will be
the chief speaker at the midWinter
meeting of the District Bankers As
sociation, at the Columbia Country
Club, Monday, January 10, it was
announced yesterday. About $50
bank officers and directors will at
tend the meeting.
President T. Stanley Holland will
preside and arrangements have
been made by A. Scost Offutt, Sec
ond vice president. 1t is the second
time DR.. Elliott has addressed the
organization.
Appraisers Hold Dual Session.
District Chapter, Society of Resi-
dental Appraisers, will holS din
noT m6eIlIlS dG lIlc SlidIIlUcl liz
Restaurant, 819 Fifteenth street,
Tuesday evening, when j. A. w in
burg. jr.. will speak on the pur-
poses and functions of appyaisals,
appraisal process and valuation
principles.
After dinner the members will
Journey to the District Title Co.
boardroom, where Walter Valen-
tine, vice president, Capital View
Realty Co.. will speak on Building
Better Homes" All realtors and ap-
praisers are invited to this meeting
at o'clock, Secretary r. Lee Baxter
announces.
Loan League Council Meets.
Wilfred H. Blanz. president of the
District Building and Loan League,
has called a special meeting of the
Executive Council for Wednesday
noon at the Raleigh Hotel. when
Humphrey Sullivan, from the ma
tional office in Chicago. will suggest
Vays to boost Defense bond sales.