Evening star., 1943-04-12
March War Bond Sales
At At$41,B1,340 Mark
In Fifth District
Reserve Bonk Reports
Very Lively Demand
In Nearby States
BY EDWARD C. STONE.

O1A1VCNl otdlSS wal odN NlllS
sold in the Fifth Reserve District
IN March, outside the post Offices
and other special agencies, totaled
SAL ,2ol ,34025, the Federal Reserve
Bank of Richmond reported today.
March sales numbered 722 229
bonds, or pieces as they are listed,
against 622, in February, one
of the best months on record in
spite of the heavy income tex pay
ments which became due on the 18th.
March sales in Virginia, outside of
post Offices, totaled Slo201 1880,
the report showed, while March
War bond sales in MARYLAND
amounted to s8,449 35975.
Maryland sales were ahead of
February, but Virginia bond pur-
chases were below the preceding
month.
The fifth district report augers
we'll for the second War bond drive
which started today on such a huge
scale.
Bankers Watch Congress Bills.
Washington bankers and building
and loan leaders are watching with
deep interest progress of several
| bills recently introduced in Con-
! gress one of the most important
being the Senate bill which pro-
vides for the liquidation and dis
solution of the Regional Agricul-
Senate Banking and Currency Com
mittee.
Bills introduced in both branches
/ OF Congress would amend the
Emergency Crop and Feed Loan Act
Of 1887 and give the governor of
the Farm Credit Administration
| the power to make loans for all pur-
poses which the Agricultural Credit
| Corp. is now authorized to make.
Loans under the provisions of these
bills would rot be limited generally
as to amount, would have a lower
| interest rate. could be secured or
| unsecured and would have no spe-
clfc limitation as to maturity.
The stated purpose OF these bills
is to make credit available to farm
| ers, whose credit requirements in
/ tltt O!)III4Cll Vi li4t S5JA Cl IiOl VI ll4C
FCA. cannot be adequately served
| by private capital at the banking
rates prevailing in their communi-
ties. The bills provide that gener-
ally the loans shall not exceed ST 900.
Another House bill amends in sew
eral particulars the law relating to
the Federal Savings and Loan In
surance Corp. and the insurance of
Federal savings and loan assoCia-
tionS. 1t is now before the House
Banking and Currency Committee.
Before the House Banking and
Currency is another bill which en-
presses the opinion of Congress that
outstanding war DAMAGE insurance
policies issued by the War Damage
Insurance Corp. should be renew
able, upon expiration. for an addi-
tional year without payment Of
further premium.
Banks Push War Eond Sales.
Many Washington banks have
sent special letters to their deposi-
tors urging generous purchases Of
bonds in connection with the Second
War Lean Campaign which opened
today. These letters give a brief but
very informative summary of the
issues being offered by the Treasury.
It is of the greatest Importance for
the economic welfare of our country,
one letter says, that each individual,
corporation and organization, sub
scribe to these securities to the limit
Of their ability, and particularly out
Of current income.
1t is imperative that these funds
be raised promptly to enable our
Government to meet the cost of
manufacturing and transporting
planes, guns. tanks and other ma
torials Of war to cur men on the
fighting front who are giving their
lives in order that final victory can
be won as soon as possible. so that
we may retain our right to live as
free men and women, the appeal
adds
Traction Bonds at New Peak.
: Capital Traction 5s sold at 105l 2
I on the Washington Stock Exchange
; today. highest price reached on the
present move. the last previous sale
being at 1885,.
Two $1,000 transfers we're reg
5 istered today. the market closing
with 1861, bid and 1867 asked.
Capital Traction SIS have been the
most active bonds on the list this
year. The years high is LOG and the
low los.
Railway & Electric common was
quoted today at $3.50 share, with
$3.50 asked, the spread having gone
; from $50 back to 500 a share where