Evening star., 1945-08-05
S811, 1895, 900 Put in Bonds.

ago, a pickup of 79s or 81 per cent.
Mr.. Hannah stated.
SS11 1895, 900 Put in Bonds.
Building and loan associations put
S811 1896 900 into war bonds in the
Seventh Drive, the United States
Savings and Loan League reported
yesterday, the money coming from
their own portfolios.
A. E. Albright. bond chairman,
says the associations doubled any
previous war loan performance and
bought 232 per cent of their self
imposed quota for the drive. They
now have far more than 25 per cent
of their assets invested IN Govern
ment bonds. he said
In all drives, including the Sew
enth, League members have bought
more than s2,5O0,00o war bonds.
Capital Store Sales Soar.
Washington department store
sales for the week ending Saturday,
July %, scared % per cent above the
corresponding week year ago and
were 2 per cent better than in the
preceding week this year, the Rich
illO4iS4 4eNoN4 FC od44h PO1 bC0
day Sales in the whole Fifth Dis
trict were 16 per cent ahead of last
year but off 2 per cent from last
week.
The % per cent advance in the
Capital was one of the best weekly
gains in several months. In the
preceding week the upturn was 13.
per cent over the same 1914 week.
Cumulative sales in the four weeks
ending on July % were 19 per cent
better in the Capital than a year
ago. were up 81 per cent in the Fifth
District "a in Baltimore and Is in a
group of other cities.
Mortgages in Heavy Demand.
In the first half year. non-farm
mortgages recorded in the Nation
reached S2,557 900 900, or 18 per cent
higher than in the same months in
1914 Federal Home Loan Bank Of
ficers estimated yesterday. This Is
IS per cent above the first half of
l94l, the previous post-depression
peak.
The average mortgage recorded
from January through June was
s3,372, or per cent above last years
average and 18 per cent greater than
in l94l, the report said.
All types of lenders participated
in the rise except life insurance
companies, their mortgage loans be-
ing off s per cent. June mortgage
financing alone was up 16 per cent
Real Estate Bonds Higher.
Two hundred eastern real estate
bonds, including several Washington
issues, gained 0.3 per cent in July,
according to the Amott-Baker price
averages. The small advance in
dicated pronounced settling of
prices for many of the more active
issues.
Many speculative issues lost
ground in line with the action of the
general market. The average price
per 81 900 bond on July 81 was 1896,
against 1894 on June 80. Back in
1910 the same issues were selling at
1921 per 81 900 bond
Present prices are 112 per cent
higher than in 1910 and 14.4 per cent
above the figures at the opening of
this year.
Instalment Loans Higher.
Consumer inStalment loans at
commercial banks. small loan COM
panies. industrial banks and credit
unions at the end of June amounted
to 81 ,087 900 900, an increase of 2 per
cent over May and 10 per cent
higher than the year-ago level, the
Federal Reserve Board has an
nounced. The commercial banks
had the largest increase. Instalment
loans by the four lenders in June
amounted to 1923 900 ,000
Roger L. Baldwin, Washington
general agent of the Northwestern
Mutual Life Insurance Co., has
been elected to membership in the
Million Dollar Roundtable of the
National Association of Life Under
writers. To win this honor. an agent
has to write at least S1,000,000 in
new insurance in one year
David Bornet, vice president of the
National Savings & Trust Co., Is on
vacation at his summer place at
Shadyside, Md.
Robert L. Flather and Paul j.
Seltzer, American Security officials,
are taking vacations, remaining in
and near Washington.
j. B. Skinner, vice president of the
Liberty National Bank, returns to-
morrow from his vacation.
J. o. Brott, assistant general
counsel of the American Bankers
Association, will leave shortly for a
vacation in Connecticut.
L. S. Julien, Inc, 1443 p street
NV, automotive equipment dis
tributors, noted its 25th anniversary
during the week