Evening star., 1941-12-19
Capital Store Gains
Over 1910 Reduced
To Il Per Cent
Margin Smaller Than
For Previous Weeks.
Bank Reveals
BY EDWARD c. STONE.

last Saturday, December 13. were
II per cent higher than in the cor
responding week a year ago, the
margin of gain was smaller than
in recent weeks, according to the
weekly report of the Federal Reserve
Bank of Richmond. The report also
revealed that sales were practically
the same as in the previous week
this year, ending on Dec. 6.
For the four-week period ending
December 13 retail sales in the Cap
ital were 13 per cent ahead of the
corresponding period last year. For
the fourweek period ending Decem-
Der 6, sales were II per cent above
the previous year and in the four
weeks ending November 90 were Is
per cent ahead of last year.
Sales in Washington in the first
II months of this year were 20 per
cent ahead of 1910 but these latest
figures threaten to reduce the 20
per cent estimates for the full year,
the amount depending on remain
ing Christmas trade volumes.
Sales in the Fifth District for the
week ended December 13 were per
cent ahead of last year, were up 4
per cent in Baltimore and 3 per cent
in group of other cities. Sales in
the Fifth district were per cent
ahead of the previous week this
year.
In the four weeks ending Decem-
Der l3, sales in the Fifth District
and in Baltimore were II per cent
better than a year ago and Is per
cent in the group of other cities, the
report said.
The report covers the first week
of the war and is based on figures
from 18 leading department stores
in the Fifth District.
Bank Defense Plans Pushed.
Rutherford j. Dooley, National
Bank of Washington, chairman of
the Civilian Defense Committee,
District Bankers Association, an
nounceS that the recently-appointed
fire chiefs in each bank will get
their instruction from the city's fire
department classes and take the
information back to their banks.
The Fire Department does not have
enough instructors to send men to
each bank.
The police chiefs" are obtaining
their instruction from the New
Municipal Center. The first aid
chiefs" will get their instruction
from the District Chapter, American
Red Cross. In some instances special
Red Cross instructors are conduc-
ting classes in the banks.
Banks which operate Office build
ings are to get special instructions
from Rufus S. Lusk, newly appointed
deputy warden, office buildings being
in different category from banks
Hibbs & Co. Pays Yule Bonus.
j. 7. Hendrick, senior partner of
W. B. HlbbS & Co., announced today
the payment of a Christmas bonus
equal to three weeks salary to all
employees who have been with the
firm for a period of one year or
longer.
Directors of the Prince Georges
County Bank & Trust Co. have de-
clared the usual Christmas bonus of
10 per cent of half years salary
for each employe, 10 per cent of
the other half years salary hav-
ing been paid at vacation time in
June. This year employees of the
bank are also to receive a limited
number of Defense bonds, or De-
fense stamps, according to length of
service.
The regular dividend of So per
share, not $3.50 as previously an
nounced, will be paid to stockholders
of the Liberty National Bank on
December 81 to holders of record
on December "a The special divi-
dend Of 81 per share, just declared
will be paid on the same date.
Washington bankers were in
formed today that after January
the Treasury will put out Series F
Defense bonds in S25 denomina-
tions. The smallest denomination
now available in this issue is S100
The issue price will be $3.50 Many
small associations have expressed a
desire to buy these bonds in S25
denominations.
Thomson Returns to Desk.
Eliot H. Thomson, who has been
connected with the Washington
Loan & Trust Co. for 40 years, is
back at his desk at the bank after
a long and very severe illness. He
has been with the trust company
longer than any other employees ex-
cept President Harry G. Meem anc
Vice President Charles H. Doing
He is a veteran member of the
District Bankers Association, FL
hancial Advertisers Association anc
for years was an instructor in Wash
ington Chapter, American Institute
of Banking.
The offering of 112,740 shares o.
Maryland Drydock common stock
was heavily oversubscribed, Wash.
ington investment dealers an.
nounced today.
Washington Railway & Electri,
common stock, on which a S. extra
dividend has been declared, bring
Ing total payments to S45 per shar'
for the year, is quoted on the Wash
ington Stock Exchange at $500 ;
share bid, with the stock beins
offered at $500 a share. No sale
have been recorded on the exchange
this year
Today's Trading on Exchange.
Lanston Monotype opened trading
on the Washington Stock EXchang,
today with so shares moving a
2O1a.
Eighteen shares of Washington
Railway & Electric preferred cam
out at ia and four shares of Rigg
National Bank common sold at 26(
up two points.
Mergenthaler Linotype figured il
a 30-share turnover, ex-dividenc
at 2612 and 100 shares of Capita
Transit appeared on the board a
1414, ex dividend. up "a.
New Bond Director Named.
Secretary Morgenthau has an
nounced appointment of Robert v
Sparks, New York banker as di
IL - ! e Al.o II