Evening star., 1941-01-05
Express Volume
Here Reaches
New Record
Railway Shipments
In December Highest
For Any Month
Ev EDWARD c. STONE

Ev EDWARD c. STONE
v,n.Css shipments handled by the
W nnZrOn office of the Railway
r,nrFsg Agency in December shat
te-et au previous records not only
for thar month but for any other
month Supt. w. c. Turner stated
yesterday.
Shipments in and out of Wash
1,r-aa in December 1910 totaled
glr 556 in comparison with 227,995
II December 1929, a Jump of 1861
s.oments and a gain of 19.1 per
Cer-.
lie sharp increase continued the
inward trend noted in November
vnan shipments through the WASH
inc-0n office tOtaled 1875 561 against
l7oo54 in November 1899. an up
svug of 13,5O7, or 10 per cent.
Tie December figures complete
one Of the best years in the history
@. the Washington Office. At the
sane time the express activity gives
further definite evidence of the fresh
peaks reached in holiday trade in
the capital.
Washington bank clearings. postal
revenues and Department store sales
have also shown substantial De-
cenber increases.
Exchange Prices Higher.
Prices on the Washington Stock
Exchange got away to a good 1941
START. Capital Traction 5s led the
first week. also registered the first
sale OF the year. Thursdays session
saw seven consecutive $1,000 trans
tars at 104 2, up Z from the 1910
close.
Washington Gas Light common
stock appeared on the board yeSter-
dav in a 25-share turnover at 2312
an advance of : over the final
1910 quotation. Washington Gas
Light preferred has already ap-
peared in this years trading, small
sale being registered at 1867 against
the closing 1910 sale at 1861.
Capital Transit came out yester-
day in the first l941 sales, priced at
Is. against the 1910 close at l534.
The sale. however. was only five
shares. The trend on the exchange
in prices and bids so far in 1941 has
been upward, the same as the New
York Stock Exchange has displayed.
Real Estate Bonds Rise.
In December the average price
of real estate bonds on the basis of
the 200 issues in the Amott-Baker
Realty Bond Price Average, in
creased OF per cent. This increase
in December makes the sixth sue
cessive month in which these prices
have shown an improvement. The
average dollar price per original
$1,000 bond is now 1903 which is
only 81 per cent below the 1899 close
Of s314.
In December as in October, Sep
tember and August. a price rise was
indicated in each of the cities COW
cred by the average. Philadelphia
lead the way with an Improvement
OF 26 per cent.
The issues on which the averages
are based include several bonds,
Mayf1oWer Hotel 5s, two National
Press Building issues, Shoreham
Hotel As and Washington Properties
general Is These bonds slightly in
December.
Banquet Committees Named.
Francis E. Pobey, Bank of Com
merce & Savings, and Paul J. Self
ger. American Security & Trust Co.,
have been appointed vice chairmen
of the committee arranging for the
thirtv-siXth annual banquet Of
Washington Chapter. American In
stitute Of Banking. by j. Earle Nc
Geary, general chairman, 1t was an
nounced yesterday. Katherine w.
McCalmont of w B Hibbs & Co,
has been named secretary, and Neal
w. Wells. National Savings & Trust
Co. treasurer
Subcommittee chairmen. just ap-
pointed include: Decorations
George NJ. RoWzee, jr., Lincoln
National; entertainment - Herbert
D. Lawson. ir.. Washington Loan &
Trust: publicity - Kenneth Brig
field, American Security & Trust:
reception-John M. Christie, Riggs
National; eating Walton L.
Sanderson. Hamilton.
The General Committee includes
Frank M. Perley, American Security
& Trust; Thomas ]. Norris, Bank of
Commerce & Savings; James B.
Ahalt. City Bank: Robert H Lacey,
Columbia National: Robert G. Whit
ton. First National, Alexandria;
Aubrey o. Dooley, Frances w.
Redman and Elizabeth RoWzee of the
Hamilton National: Myrtle P. Lewis,
Liberty National; Richard A. Nor
ris. Lincoln National; William M.
Mcclure, McLachlen Bank; John E.
Wilson. Morris Plan: George B.
EarnshaW. National Metropolitan;
Theodore B. Bogley, MunSey Trust;
James D. Coleman. National Bank
of Washington: Helen H: Healy.
National Savings & Trust; Stephen
o. Porter and l. j. Roberts of Riggs
National: Joseph R. Fitzpatrick and
Sophia Karydakis of Second Nation
al: Frederick A. Daum, Security
Savings e. Commercial; G. Elmer
Flather and John S. Warner of
Union Trust: William H. Laughlin
Washington Loan & Trust, and Ray
fnond L. Jones. United States Treas
ury Department.
Heard In Financial District.
There is ample evidence that there
will be a large amount of proposed
legislation before this session OF Con-
gress of special interest to banking.
The Federal Reserve Board pro-
posals will be among the most far
reaching.
With the intensification of the
national defense program steel plants
which have been closed down in re-
cent years are being opened to fill
new orders. The latest plant to be
reopened. it was learned here yester-
day. is the Tencoyd Works of the
Carnegie Illinois Steel Co., in Phlla-
delphia.
Another Virginia bank has joined
the Federal Reserve System, the
Bank of Shawsville, at Shawsville,
procjday,+ u1r0I, ea oh of the Fedora