Evening star., 1944-09-03
Virgins Lists ABA Speakers.

wig 6ihS hlstS hDA SQCakeTS.
Many noted speakers will address
the annual convention OF the Amer
ican Bankers Association in Chicago
September 1927, President A. L. M.
Virgins announced yesterday.
The list includes DR.. Bruce r.
Baxter, bishop, Methodist Episcopal
Church, Portland, Greg; William C.
Freeman, secretary of state for
banking, in Pennsylvania; william
M. Jeffers, president, Union Pacific
Railroad, and former United States
rubber administrator; NJ T. Harl,
Colorado banking commissioner:
w. L. Hemingway, past president
ABA; Edward D. Odum, solicitor,
United States Veterans Administra-
ton. and Chester c. Davis, president,
Federal Reserve Bank of st. Louis.
The Washington delegation Is now
being made up.
Home Loans Break Records.
During the first half of 1914, mem
Der building and loan associations
OF the Federal Home Loan Bank
System made home loans totaling
1924 1886 900, 81 per cent gain over
the same period last year, and an
all-time record, Gov. James Twohy
reported yesterday.
An increase OF $146, SOC, 900, or so
per cent. in loans for the purchase
OF existing dwellings accounted for
most of the rise. Construction loans
improved. while loans to refinance
old mortgages decreased slightly.
limo tho haet - -,
new loans reaching s123 1926 900.
Banks Asked to Cash Bonds.
Just one month ahead of the
official date set by the Treasury,
Washington banks were requested
yesterday to cash United States
War Bonds. The new series will
start on Monday, October 2.
TellerS were surprised to learn that
some holders thought that they had
to cash their bonds at this time and
hastened To explain that the redeem
ing of the bonds is merely for the
convenience of holders who need
money for emergencies.
Bank officials have called the
bonds the soundest investment in
the world and Secretary Morganthau
has urged repeatedly that all issues
be held to maturity, to help the war
effort.
Drive Opens in Mid November.
T. R. Gamble, director of the War
Finance Division of the Treasury,
has announced that the Sixth War
Loan drive will start about the
middle of November regardless of
whether the war in Europe is over.
The money will be used against
Japan.
Arthur Garrett, secretary, an
nounced yesterday that the District
Building and Loan Bowling League
has been revived, with 10 teams.
Officers are: Richard H. Sinclair,
president; Don Thomas, vice pres
ident; Ray Williams, treasurer, and
Mr.. Garrett. The season starts
September 20 at the Ice Palace.
Real Estate Prices Steady.
Real estate bond price averages
in Eastern cities made a slight gain
in August of 02 per cent, consider
ably below other months this year,
according to the Amott Baker
Review. The gain this year is now
17.6 per cent, the average price per
81 900 bond on August 81 being $l81.
Knoxville topped all the leading
cities in the country in department
store sales gains in the first seven
months Of 1914, the Federal Reserve
Board has announced, trade being
Al per cent ahead of the like 19l3
period. Other Southern cities were
among the leaders. Huntington,
w. Va, led the nth district with Q
rise of II per cent.
Washington Chapter, ALB, will
have a very large attendance at
Tuesdays night educational meet
ing to plan q drive for new students.