Evening star., 1935-11-13

100 S0l-,OuO,ubu
This December marks the twenty
nth consecutive December for the
mailing of Christmas Club checks.
AS much as S5,000000,000 has been
accumulated through the Christmas
club method during the past 25 years.
The average per-member distribution
during the entire period amounts to
$39 per year, the report concludes.
w. r. & E. Statement Filed.
The Securities and Exchange Com
mission today announced the filing of
19 additional registration statements
under the securities act, the total
amount involved being S202 403, ,465,
of which s153 3,240985 represents new
issues. The statement adds:
The total includes a $48.750, 900
registration statement filed by the
North American Co. covering 1,625.000
participating shares representing
$1,000 outstanding shares of S100
par value common stock of the Wash
ington Railway & Electric Co. to be
deposited under a deposit agreement.
1t also includes a SAB 900 registra-
ton filed by the Washington Railway
e. Electric Co. to register the above
$4,000 outstanding shares of its COM
mon stock"
These statements are in addition
to the statement filed by the North
American Co. as reported by the COM
mission on November l.
Home Loans Reach New Peak.
The Federal Home Loan Bang Board
reported today that an increase in the
past month of S50OO,000 to a total of
s95,363,616 in outstanding loans
means the highest peak reached in
this type OF home loans since the
system was established back in 1882.
During the week ending November
2 alone, the board said, loans amount
ing to more than S2,000,000 were ad
vanced to home-financing institutions
among the 3.416 members. Since
establishment of the bank. loans total
ing s179,565,015 have been made.
Bank officials reasoned the rise re-
f1ected a greater need for mortgage
credit, growing shortage of reSiden-
tial buildings, and speeding up of
construction to meet the need.
John H. Fahey, chairman Of the
board, plans to attend The convention
of the United States Building and
Loan League at Cincinnati on Friday.
Bonds Stronger on Exchange.
Capital Traction SIS were stronger
today on the Washington Stock Ex-
change, selling at 96$4 and 96l2.
Washington Gas IS were also in de-
mand, three 81 900 sales taking place
at 1852. Only one stock appeared
on the board, five shares of Potomac
Electric Power per cent preferred
changing hands at Ill. The bid on
Washington Railway common stock
went from S625 back up to $3.50 a
share, with the asked price remain
Ing at S725 a share
Y. E. Booker g. Co., Washington,
end w. w. Lanahan & Co., Baltimore,
joint bidders, we're awarded yesterday
an issue of s165.O00 Prince Georges
County, Md, school bonds, 1887 to
1865. The bonds were being offered
today on $50 per cent basis for the
near maturities up to $40 per cent
for the long terms.
Mackubin, Legg & Co., an old Balti-
more New York Stock Exchange firm,
which had had an office in the Wood
ward Building in Washington for years,
has just opened an Office in New York
at IA Wall street. Ralph M. Wolfe
Is manager of the Washington office.
The firm was established in 1899.
officials are enthusiastic over having
an Office of their own in New York
and are looking forward to increased
business through the added facilities.