Evening star., 1940-09-16
Express Shipments Mount.

Express Shipments Mount.
The Washington Office Of the
Railway Express Agency reported
today that August. 1910, shipments
numbered 146.431 as compared with
131.428 in August a year ago, an in
crease of 1908 shipments or ia
per cent.
The Southern Railway reports for
the seven months ended July 81 net
earnings equal to S199 share on
the 600 900 shares of per cent non
cumulative preferred stock COM
pared with q net income of only 30
cents share on the preferred stock
IN the first seven months of 1899.
Charles Delmar. president of the
Lincoln Service Corp, in the Wood
ward Building. entertained the stafTs
of the head Office and the 10 sub
sidiaries at a picnic Saturday at
his place in Frederick County. Nd,
known as Oakland Plantation. There
were 90 guests present, luncheon and
an elaborate dinner were served ana
q delightful outing program carried
out. Mr.. Delmar still points with
pride to the corporatCn'S showing
in the first half year, when S546
was earned on the per cent pre-
ferred against S378 a year ago and
S4.05 on the common against 50 SO
in the like 1889 period.
Home Loans Up S69i0G0,000.
An increase of S694. 900 900 in the
amount of outstanding private III
ban home mortgages in the United
States last year made 1899 the best
home ownership year in a decade
according to the September issue
of the Federal Home Loan Bank
Review.
A total of Sl94l5, 100000 was due
on mortgages secured by 1-to-4-
family non-farm homes at the end
of the year, as compared with s17.-
721 100000 at the close OF 1888, said
the Review.
This rise in the amount Of out
standing private home mortgages
was accompanied by the highest
volume of new home mortgage lend
1IA6 c(l4NlIN NLLiNC 1OCO, t4lt a. l4O-t
continued. Home mortgage loans
written during 1889 by all types
of lenders in this country on non-
farm property totaled S2.87l 100000,
approximately S400000000 more
than in either 1888 or 1887
Traction Bonds Sell at l03
Capital Traction IS sold at l03 on
the Washington Stock Exchange, up
from the last sale at 1922. There
was a $4,000 turnover. The bonds
have been in extra good demand in
recent sessions of the exchange.
Mergenthaler Linotype was quoted
ex-dividend today at 16 bid and 1872
asked, with no sales.
Washington members OF the Con-
trollers Institute Of America are
looking forward with interest TO the
ninth annual meeting. which opens
September % at the WaldoTf-AS-
toria in New York. Financial and
operating problems presented to bus
mess concerns by the defense pro-
gram will be extensively discussed.
l.. ~ OCIICtIlGh dtNS, -tIICI az SdAto
manager of Encyclopaedia Britain
MICA, Inc, has announced appoint
ment of Marvin Hull as manager
of the Washington Office MI. Hull
formerly located in Nashville, will
have charge OF sales in Virginia,
West Virginia. Maryland and the
District of Columbia. Offices are
located in The Evening Star
Building.
Financial District Gossip,
Commissioner Sumner T. Pike Of
the Securities and EXCHANGE Com
mission and Gansel Pu~ceH, dircc-
tor of the trading and exchange
division, have returned from New
York where they conferred with Will
liam NICK Martin, j., president Of
the New York Stock Exchange, and
Robert l.. Stott, a governor, Oh the
subject of multiple trading.
Representative Henry B. Steag9l!
says that the United States should
use the evident advantages OF gU.d
and dollar exchange cy5" strict
barter" as an inducemcrt for closer
u dOC AO-OtJN4G WIN VA -1'A-S%
icas. I'VE must tender something
more valuable than the totaliJa-ian
powers can offer" he SAD.
Should any students in the Amer
lean Institute Of Banking withdraw
from courses because OF the Gov
ernments defense program, they
will be given full credit or refund
of their tuition, Edward NJ. Blaik-
lock, president of Washington Chap
ter, said today.
Women identified with the District
of Columbia building and loan asso-
Citations have formed a bowling
league with Mrs. Wilfrcd H. Blanz
president; Mrs. R. w. Santelmann
vice president, and Mrs. Erna Free
man, secretary treasurer. Tourna-
ment starts next Monday.