Evening star., 1941-12-12
Capital Store Sales
8 Per Cent Above
Same 1910 Mark
Four Weeks Volume
II Per Cent Ahead
Of Year Ago
By EDWARD c. STONE.

By EDWARD c. STONE.
Sharp expansion in Christmas
rade in the Capital is indicated IN
loday's survey from the Federal Re-
serve Bank of Richmond.
Washington department store
ssles for the week ended last Sat-
urday, December 6, were 8 per cent
ahead of the corresponding week a
wear ago and scared 43 per cent
above the previous week this year
ended on November %.
Sales in the Fifth District were
I2 per cent better than in the same
week last year, were up II per cent
IN Baltimore and IA per cent IN
group of other cities, the report
said.
In the week ended December 3
sales in the Fifth District were 20
per cent ahead Of the previous week
this wear. gained 10 per cent IN Bal
timore and q per cent in other
cities.
Washington department store
sales in the four weeks ended on
December 6 showed a II per cent
advance over the like period a year
ago. against gain of l8 per cent
in the whole district, the survey
stated.
Woodward & Lothrop Extra.
Directors of Woodward & Lothrop,
Washington department store, have
declared the regular quarterly owl
dend of so cents per share ana an
extra dividend of 80 cents per share
it was announced in the financial
district today.
The directors have also declared
the regular quarterly dlVldend OF
sl75 per share on the preferred
stock both the regular and extra
vear-end dividends being payable
on December 27 to stockholders Oh
record on December 10.
The wears payment OF 81 snare
on the common stock is the same
as disbursed last year. but no extra
was declared in 1910. Both common
and preferred stocks are listed on
the Washington Stock Exchange
the last sale in the common taxing
nlace at 44S4. The preferred has
heen very inactive. The stock pays
ct q wear and on the last sale al
l21 Yields 5.78 per cent.
Real Estate Bonds Steady.
Two hundred Eastern real estate
bonds, including several washington
icsues showed very little change
during November, according to the
Amott-Baker price averages. De
tailed figures reveal gain OF a
little less than ! per cent.
In the first II months OF l94l
these same bonds gained l2l2 per
cent over the like 1910 period. Up
to November they had scored better
than per cent gains for 10 con-
secutive months. In November con-
siderable selling was reported Tor
the purpose of establishing tax
losses.
Among the Washington bonds IN
the list are Mayf1ower hrSts os
which ended the month with l3t
bid, up half a point; National Press
building 1st 3-5s, with a bid OF 81
and showing no November change
National Press Building Adj. Az:
carving a bid of 38 and galnlnI
two full points during the month
and WASHINGTON Properties. Inc, Is
which closed the month with a biz
of "A, unchanged.
Rank Defense Aides Urged.
Rutherford J. Dooley, vice preSl'
dent and cashier of the Natlona
Rank of Washington, who is chair
man of the Civilian Defense Com
rittee of the District Bankers AS
sociation, has asked the heads OF al
hanks in the city to appoint a flrt
chief. police chief and first air che
to represent their organizations
under the Defense Act.
These persons are expected u
have certain authority and Will b'
trained in what they are to do II
the banks by the fire and police de
nartment training schools and b,
the District Red Cross. The BANK
may also appoint a salvage chle1' !
thev think such a person neeoeo
Immediate appointments are re
quested.
Traction Bonds Active.
Five consecutive $1,000 sales Il
Capital Traction IS took place on tn
washington Stock Exchange toda,
at 1903. off Z.
Washington Gas Light preterre,
registered a 5o-share sale at 1Ol, CT
, noints from the last previous salt
Mereenthaler Linotype recorded
42-share transfer today at 2534, e
dividend.
Bid and asked prices on othe
Issues showed little change.
Bankers Pledge War support
Tn a message to Albert v
Hawkes., president Of the Unite
states Chamber of Commerc
Richard H. Stout of Washington
nresident of the Morris Plan BanE
ers' Association. has pledged II
comnlete support of the member
ship to the Government IN hell
ing in every possible way to proSs
cute the war.
The 5000 employees IN some
Morris Plan banks all over II
country are being asked to urs
all customers to divert an II
creased amount of their earnln'
and capital to the purchase OF d.
tense securities, which provide t
likelihood to the Government efo
The bankers will also attem
to get the public to divert cree
and purchasing power into chal
nels not competitive with deten
materials.
Financial District Comment.
John S. Fleck of Cleveland, pre-
ident of the Investment Banke
Association, has wired PRESIDE
Roosevelt that the association
"ready to do any and all thin
for the defense Of the Natlol
The National Association OF u
Underwriters has taken simll
action. -,
Secretary Morgenthau will M
state leaders in Chicago next TUE
dav to press expansion OF Deiel