Evening star., 1944-02-13

Association, H. John H. Hanna.
H. Mckee, association chairman, an
nounced yesterday.
Guests will include Robert Las
sitter, chairman of the board of
the Richmond Reserve Bank; Hugh
Leach, president; Charles C. Reed,
Charles P. Mccormick. H. L. Rust,
tr., all directors: J. S. Waldron, jr.;
George H. Keesee and w. r. Milford,
officers.
Mr.. Hanna served from November
%, 1888, to December 81, 1943, re-
tiring at his own request. The pres
idents and two or three officers or
directors of each member bank will
attend the dinner, the affair being
arranged by Robert v. Fleming
chairman, assisted by A. Scott Of
futt. John A. Reilly and Wilmer J..
Waller.
Bond Sales Reach S1,2O4,875.
]. A. Barbeau, chairman of the
District Life Underwriters Associ-
ation War Bond Committee, an
iinounced Yesterday that the insur-
ance quota Of 81 1,05o,O00 had been
pushed over the top to $1,204,875.
The drive was among employees and
officers of corporations and not for
firm subscriptions.
Employees of six Washington con-
Germs bought more than 100000
each in War Bonds which made such
a good record possible. The firms
were the Acacia Mutual Life Insur-
ance Co., Continental Life Insur-
ance Co. of Washington, Equitable
Life of Washington, Government
Employees Insurance Co., Peoples
Life Insurance Co. and the Potomac
Insurance Co.
Charles w. ODonnell, association
head, reported that 81 other corpo-
rations played a most vital part in
meeting the quota.
Capital Store Sales Lag.
= Department store sales in the
CAPITAL for the week ended Satur-
day, February S, were per cent
iinder the corresponding week a
year ago, the Richmond Reserve
Bank stated Unusually mild
Weather prevailed during the week.
Sales in the fifth district were
down / per cent, but up in Balti-
more and 7 in group of other cities.
Sales in Washington were 9 per cent
above the previous week this year
and 7 in the fifth district.
Store sales in the Capital for the
four weeks ended February were 2
per cent above 1943 and per cent
In the fifth district, the survey
showed.
Mortgage Decline Slows Up.
The decline in real estate mort
gage financing in 1912 was almost
halted in 1943, according to report
from the Federal Home Loan Bank
Administrat ton, showing total re-
cordings of nonfarm mortgages for
the year amounting to s3,86l 900 900,
compared with S3,942 100000 in 1912
and $4,732 100000 in 194l.
Building and loan associations led
In the proportion of recordings, in
creasing their ratio slightly to 80
per cent For banks and trust COM
panies the proportion was 1875 per
cent, compared with 22.5 per cent
&year ago. Mutual savings banks
kept their position, but insurance
companies made only 7, instead of 9,
per cent of the loans. For the fourth
year, mortgages recorded by "indi-
v1duals' showed a gain.
Southern Rail Incomes Rise.
Glass l railroads in the Southern
region in 1943 had a net income,
after interest and rentals, of $l34,-
100000, compared with s126,034, ,025
In 1912, and a net railway operating
income, before interest and rentals,
d $198,224,942, versus $217,713,927 in
'1942. Operating revenues totaled
81 ,293, ,755,973, up % per cent, and
expenses amounted to
~4753, ,4l8,913, up 20 per cent.
,sse Members of the Morris Plan Bank
3 suctory Club will entertain soldiers
at Forest Glen tomorrow evening.
They will present play and serve
refreshments. Miss Helen M. Foster
l. 1,,k