Evening star., 1940-10-04
DC. Express Volume
t1Per Cent Above
Level Year Ago
September Shipments
TotoI 1888 Against
160,272in 1899
By EDWARD c. STONE.

xldllWdy LhpASoo 1h5SAASS'
- The Washington agency an
hounced that express shipments in
September numbered 1883 against
a60.272 by the same Office in Sep
tsmber, 1889.
t.This was an increase of 1881
Siiipments for the month over the
corresponding month year ago,
or a gain of II per cent.
atThe September record was far
Ahead of August, when the Wash
hgton Office reported 146.331 ship
Yhents against 131,428 in August,
1889. an increase of 15,003, or ia
per cent.
s5The September report is particu-
taTly favorable because of fewer bust
hess days than in the same month
1ast year.
Home Loan Demand Grows.
RyThe Federal Home Loan Bank OF
Ninston-Salem announced today
That 10 member building and loan
Associations in the District of Co.
l1mbia reported new investments in
the first eight months of 1910
amounting to S15.163,351, against
S7,6e3,996 in the like period last
9ear; private shares repurchased
amounting to S11,455, ,809 compared
With S5,785,0O4 a year ago, while
mortgage loans closed in Washington
totaled S25.2O9.114, as compared with
$l2.224.661 in the first eight months
Of 1899.
In August alone 18 members in
the District of Columbia reported
new investments amounting to ST.
Gel .229, private shares repurchased
totaling s1,230,621 and mortgage
loans closed for S3,309,579. Mort
tages closed in the fourth district
}otaled more than $12000,000.
During July and August loan de-
tnands increased steadily, the re-
bort says, the Winston-Salem Bank
disbursing 1872 advances, aggregating
S6,466.9l7 of which s1,350OO0 came
to Washington.
New Industrial Peaks Seen.
Even if England should be de-
feated in its war with Germany the
piling up of United States Govern
rnent orders would be sufficient to
take up any slack in domestic pro-
duction occasioned by the stoppage
of orders from Britain, according
TO Fenner a. Beane, members of
the New York Stock Exchange.
1T is now virtually certain that
all previous peaks in industrial pro-
duction will be exceeded during the
course of the next six months" the
report states. Government con-
tracts under the defense program
have accelerated at so rapid pace
that the total of orders from this
source already exceeds $4,000 100000.
This sum is more than two times
as great as our exports in normal
year; it Is about twice as great as
total annual sales of new auto
mobiles.
"At least an equal, total of addi-
tional rearmament business will be
placed, probably before mid-194l.
Capacity operations are assured for
many industries for several years
to come"
The review asserts that prices of
all types of goods may be expected
to rise and the national income to
1lSc Will tllClll. wi kOA oOS PiOAA eo
will be partly absorbed by the tax
collector, and business expenses will
be likely to increase with the rise
of raw material prices and labor
costs.
Heads Morris Plan Bankers.
Richard H. Stout, who has been
executive vice president Of the Nor
ris Plan Bankers Association, which
has national headquarters in the
Washington Building, has been
elected president of the association,
1t is announced here The election
took place at the annual convention
at Del Monte, Calf.
Willard G.. Barker, president of
the Morris Plan Bank of Washing
ton, is attending the West Coast
sessions. Mr.. Barker will visit va
rious points on the coast before re-
turning to the Capital.
Francis G.. Addison, jr, president
of the Security Savings & CONNER
cial Bank, is back at his desk, hav-
Ing returned from hunting trip to
the Canadian Northwest.
of the American Security & Trust
Co, has returned from a vacation
hpent in and around New York and
Including attendance at part of the
A. B. A. Convention at Atlantic City.
Lester Gibson, news director OF
the American Bankers Association
was visitor in the financial district
today. His headquarters are in New
York
Investment Men Register.
approximately $50 investment ad-
Sisers" beat the deadline for regis
tering with the Securities and Ex-
change Commission under the new
Investment Trust Act.
The investment advisers, firms,
individuals or organizations which
make a business of advising on in
VestmentS, are to be regulated by
the S. E. c. under the new act which
becomes effective November /. The
act required that registration no
tice be filed with the S. E. c. 80
days in advance of the effectiveness
Of the registration.
MergenthaIer Moves Upward.
Ten shares of Mergenthaler Limo
type stock sold on the Washington
Exchange today at 20, new high
mark on the present move, which
started at the time of the recent
dividend declaration. The marFet
closed with 1872 bid, offered at 81.
Washington Gas Light preferred
appeared on the board at 104, and a
small sale of Potomac Electric
Power 5l2 preferred took place at
ia. The bond market was neg
1ected.
Bond FlOtations Doubled.
Voters of II communities IN %
States during the month of Sep
tember authorized new bond flota-
tions totaling S9,325,884, as COM
pored with S2 pQ4 430 in Spptenlbpr