Evening star., 1940-12-17

August ----- b43,ooo o9o'9oo
September .- 762,450 653,743
October 1.O05,516 850;460
November 1.239,972 1,l59,626
10000 Houses Being Built.
The Federal Reserve Boards De-
cember bulletin states that present
legislation authorizes S24o ,0oo,ooo
for direct Federal construction OF
defense housing which may total
$4,000 to 10000 dwelling units. Prac-
ticallv all of the $100,000,OOO pro-
vided to house families OF enlisted
men and civilian employees OF the
Army and Navy has been allocateo'
Construction has started on ABOUT
10000 units. and the balance OF TINS
ARMY and Navy housing is planned
for construction by next spring OF
early summer. =
Housing for defense workers is
nrovided for in the amount OF Si4o'-
900 900, to be spent by the Federal
Works Agency. Preliminary studles
are under way, and few. projects
NAV reach the construction stage
nv the end of this year. but the bulk
Of the work probably will be done
in l94l. .
An ALLEGATION of $l0,000,00O from
the Presidents emergency fund TO
the R. F. c. Mortgage Co. is to make
available equity money on reHIal
housing projects. This, with pos
sihle private equity money and with
mortgage loans insured by the Fed
eral Housing Administrator, Woulo
provide s5O,0oO,000 or more for such
housing
The United States Housing Au-
thority the survey adds. has ear
marked a total of s3l .3000 900 for de-
fense housing and S7.200000 of this
total has been allocated to the Army
and Navy. The remaining S24lO
600 will be used for some 6,400 units
to be built by local housing authorl-
ties.
Todays Trading on Exchange.
Lanston Monotype sold at % on
the Washington Stock Exchange
again today on 20-share sale. Ihls
weeks sales are up from other re-
cent transfers at 2l14.
Garfinckel preferred registered a
small sale at 27i4. new hlgh 1or
the year, and Potomac Electric Pow
er 5l2 per cent preferred was strong
at 1l5. Capital Traction IS moved
at 1867, unchanged.
Directors of the National Union
Fire Insurance Co. have declared
the 5 per cent semi-anual dividend,
pavable December 81 to stockholders
of record December %.
Railroad Revenues Higher.
Sixteen Class I railroads, in the
Southern district, had estimated op-
Grating revenues in November OF
s3l,544,499. compared with S30372,-
24O in November, 1899, and S3064O,-
1924 in November, 1880. Operating
revenues were 3.9 per cent above
those for the same month in 1893,
and 80 per cent above November,
1890.
Freight revenues in November
amounted to S26962, ,5l9, compared
with s26,1O0,202 in November, 1899,
and S24,743975 in November, 1880;
3.3 per cent above the same month
in 1899, and go per cent above the
same month in 1880.
Passenger revenues in November
totaled S2,3l3823. compared with ST.
158.504 in November, 1899, and So
430.O57 in November. 1880, being 7.2
per cent above November, 1899, but
32.5 per cent below November, 1851,
Air Express Sets Record.
All records for air express ship
ments and gross revenue in the
Nationwide air service of Railway
Express Agency were shattered in
October, the air express division OF
the agency reported. Shipments for
the month totaled 110,877, an in
crease of 35.6 per cent over October
1889. Gross revenue was up 34.6 per
cent.
SHIPMENTS for the first 10 months
of 1910 totaled 1862. .524, an increase
of 25 per cent. while gross revenue
was up 272 per cent.
Banks Add Christmas Color.
Washington banks are taking on
the real Christmas atmosphere by
the placing of Christmas trees and
other holiday decorations in the lob
bies. Some of the decorations are
more elaborate than usual and all
are most attractive, drawing much
comment from patrons. Several
banks are also collecting canned
goods and other gifts which will be
distributed to the needy next week.
1t was reported in the financial
district today that the new 1941
Christmas savings clubs are still
running ahead of last year in most
of the banks, even though the clubs
have not been pushed vigorously in
some instances. They appear to
have become permanent institutions.
Friends Honor w. NJ. Hannay.
William M. Hannay, vice presi-
dent and director of the Second
National Bank, was the recipient of
many congratulations and good
wishes on his 18th birthday ami
versary recently. He has been Off
cially connected with the bank since
1913 and was elected vice president
in 1928. He is a native Washing
tonian, the only surviving son OF
the late Peter Hannay, who was a
native of Kingsmuir, Scotland, and
justice of the peace for the County
of Fifeshire.
Mr.. Hannay served for several
years as assistant to the general
counsel, Eastern Railroad Associa-
ton. in the Washington Office. In
his professional life he has spe-
cialized in patent law.
Mr.. Hannay is also vice presi.
dent and director of the Termina