Evening star., 1941-02-05
Express Shipments
InJanuaryExceed In
Like 1940Period
Washington Office
Reports l3 Per Cent
Business Upswing
BY EDWARD c. STONE.

Office in January revealed a sub
stantial increase, Supt. C. w. Turner
reported today.
The express Office handled 165 ,664
shipments in January of this year,
against 146,571 shipments in Janu-
ary, 1910, a marked increase of
1908. or 13 per cent, Supt. Turner
announced.
The January percentage gain eX-
ceeds the average gain for the full
year 1910, when shipments in this
territory reached 2,063 1897. the high
est mark on record and IL per cent
better than in 1889.
Express shipments in December
shattered all previous records not
only for that month, but for any
other month, totaling 271 656. COM
pared with 227,995 in December,
1899, jump of 1851, or 1911 per
cent.
This is the third important trade
Indicator in the Capital to reveal
A brilliant l94l business start. Re-
ports of climbing bank clearings
and postal receipts were the first
to appear with January summaries.
d. c. Exchange Makes Record.
The market value of total sales
on the Washington Stock Exchange
in 1910 amounted to S1,180,585, an
increase of 09,975 from the 1889
total of $1,070,610, according to the
annual report of trading on all the
registered exchanges.
The market value of stocks traded
during the year is given as $692 200,
against the lower figure of S646, ,466
in 1899. The number of shares is
placed at 18.308. compared with the
lower total of 14.317 year ago.
The market value of bonds to-
tailed s488 1856, against the much
lower total of S424,144 in the year
1899, while the principal amount
of bonds totaled s468,500, in COM
parison with $417,00O in the previous
year.
1t is most interesting to note that
while practically all the leading
exchanges in the United States reg
istered severe losses in business, in
cluding the New York exchange.
Washington business was far ahead
Of the previous year.
Mortgage Loans Increase.
The January review of the Fed
eral Home Loan Bank of Winston
Salem states that 10 building and
loan associations in Washington
closed mortgage loans in 1910
amounting to 38,188, ,455. against
a total of s19,993O13 reported by
is associations in 1899.
In December alone IA associa-
tionH closed mortgage loans
amounting to $l,393.01O. compared
with a total of Sl,364, l24 in De-
cember, 1899, made by Is associa-
tions.
In 1910 the 19 associations re-
ported investments totaling S22,-
1863 ,499. as compared with $780,
1875 in 1899, In the same year pri-
vate shares repurchased amounted
TO sl6,072, $50, against s8,737 ,454 in
1899.
The report discloses that so
building and loan associations in
Maryland closed mortgage loans to-
falling S20944,943 in 1910, against
S12,742 500 in 1899, while % associa-
tions in Virginia made s12,424,904,
against s7,090.510 in 1899.
Sacks Is SO and Harrell IS.
Presidents of two building and
loan associations celebrated birth
day anniversaries today. Eckert J.
Sacks, head of the Washington
Permanent Building Association, is
90 years old, having been born Feb
ruary S, 1848, in Cassel, Germany.
Coming to this country as a youth,
he settled in the Capital and in
1881 helped organize what is now
$10,000,000 home lending unit. Mr..
Sacks Is still at his desk almost
daily.
John B. Harrrell, president of the
Columbia Federal Savings g. Loan
Association, is 76 years old today.
A native of Suffolk. Va Mr.. Harrell
came to Washington shortly after
the turn of the century and was
pioneer in the development of the
Cleveland Park section of the city.
In 1907 he organized the Column
bia and has served as its president
ever since. Mr.. Harrell remains
active In directing the affairs of
the Sc, 900 900 association.
SJoU ASSets Sale EorecaSf
Negotiations for the sale of British
direct investments in the United
States probably will proceed slowly
and several months may elapse be-
fore any substantial amount of the
estimated 100000 900 of holdings
changes hands.
This was the opinion expressed in
Washington yesterday as Sir Edward
Peacock, director of the Bank of
England, who is acting as sales
agent Of the British government,
continued preliminary discussions
both with officials of his own gov
ernment and with members of the
administration.
1t is expected that Sir Edward will
sII1eeO WIFI investment GIuSG repre-
sentatives who have, during earlier
negotiations, expressed an interest in
the British holdings, according to
the Wall Street Journal.
Todays Trading on Exchange.
Trading on the Washington Stock
Exchange today opened with 10
shares of Garfinckel common selling
at II, unchanged. Potomac Electric
Power 5l2 per cent preferred ap-
peared on the board at 1l51a, also
unchanged.
Lanston Monotype came out at %,
same as the last previous sale,
while Washington Gas Light pre-
ferred moved at 1862, unchanged
from recent transfers.
Terminal Refrigerating & Ware
housing Corp. stock appeared on the
board for the first time in 1941, 10
shares selling at so. At that price
the stock yields per cent.
Hamilton Club Names Leaders.
The Hamilton Bank Club, COM
posed of employees of the Hamilton
National Bank, has elected the fol-