Evening star., 1941-12-02
Todav's Trading on Exchange.

JClODtI pJ 'OpN'N' :
November 825 25053.15 49, ,9l4.45
Todav's Trading on Exchange.
Anacostia & Potomac R. R. modl-
fed 3a,s were unusually active on
the WASHINGTON Stock Exchange to-
dav. $4,000 and $4,000 transfers be-
ing recorded at l08l4, a gain OF 4
over the last previous sales.
. Capital Traction SIS also appeared
on the board. with $1,000 selling at
lO4l,. against lO474 yesterday.
Washington Railway & Electric As
registered a $1,000 sale at lO8i4, un-
changed.
Riggs National Bank common
figured in a good sized sale, 70
shares moving at 275, same as the
last previous transfer.
Mereenthaler Linotype sold at the
new peak again today, 10 shares
changing hands at %.
Boardrooms More Cheerful.
There was a large attendance in
New York Stock Exchange board
rooms here today following an
nouncement that big railroad
strike had been ayerted.
Rail stocks staged rally at the
opening. and steel and other stocks
we're also higher. Notes over the
market ticker stated that, in spite
of an expected increase in wages OF
about S300000,000 year. many
roads would still have favorable
per share earnings at the end OF
l941
Boardrooms were more cheerful
than they have been in many other
recent sessions. 1t was noted that
tax selling" will go on during the
rest of December. but some brokers
believe the larger part Of this trad
ing may be over.
Christmas Clubs Start Well.
A limited survey in the financial
district today showed that the 1912
Christmas Savings Clubs, which
were opened yesterday, got away to
q fine start. In several banks the
number of accounts opened was
ahead of the first day last year.
Some of the banks have placed
Christmas Club signs in their lob
bies. but others merely mark the
window at which accounts are to be
opened. Even in these banks. a
large number of accounts were reg
istered
Bank officials said today that a
good many of this years members
used part Of their money in start
Ing the 1912 accounts Others switch
ed portion of this money into
regular savings accounts in order to
get interest. Most Of the s5,5000 900
paid by the Washington clubs will
be used in Christmas shopping, as in
former years.
Enthusiasm over the clubs appears
unabat ted, bankers added. The num-
ber of people failing to complete
their payments this year was very
small.
New Life Insurance Peak.
Total life insurance owned per
capita in the United States will ap-
proach 1925 this year. an all-time
peak and nearly 81 times the per
capita total in 1917 at the time Of the
last great national emergency. it was
announced today by the Institute of
Life Insurance.
With the payment of S93 ,271 900 in
death benefits in October, total life
insurance payments to beneflciaries
and policyholders in the first ten
months reached SILL, ,l01 900. the
Institute announced.
October death benefit payments
were made up of s67ll0,000 under
ordinary policies. Sl17750 900 under
group insurance policies. the largest
distribution for any month this year
and s14,386O00 under industria
policies.
For the year to date. death benefit
payments total S944, ,761 900.
Bonds and Stamps Prizes.
James F. Bridges of the Riggs Ma
tional Banks auditing department
announced today that the employees
of the bank will have a bowling
tournament next Saturday after.
noon at the Arcade. the prizes to be
Defense bonds and savings stamps
The entrance fees are to be used IL
the purchase of the prizes. Tht
bonds will be in S25 denominations