Evening star., 1941-11-09
Defense Bond Sales Mount.

Defense Bond Sales Mount.
Officials at the City Post Office
reported last night that interest in
the purchase of United States saw
ings bonds and stamps is growing
steadily among Government work.
ers and others, as shown by the sales
figures for October.
The number of bonds sold at the
main office and, Substations reached
9 438 which was a gain of 731 bonds
over the 8707 sold in September.
The value of the bonds in October
was 1854 85625, which was S65625
less than in September. The records
show that fewer large bonds were
sold but that interest in the lower
denominations is increasing rap
Idly.
Sales of Defense stamps totaled
1920, ,101 40, a sharp advance of S23.-
24165 over September when sales
amounted to s296,85975. Sales were
nearly 100000 better than in ALL
gust when the total stood at s237,-
fSC.OO. OlllIldlS MtLC NClN ilNAIl
pleased with the October sales in
both the stamps and bonds, explain
ing that the voluntary plan in Gov
ernment Offices is meeting with
growing favor.
A great many Government en-
ployes are having definite amount
deducted from their pay each payday
and applied to bond payments or for
the purchase of stamps. 1t appears
evident that the larger bond pur-
chases in Washington are being
made through the banks. Build
ing and loan associations also re-
port lively demand for Defense
bonds among their patrons. The
s25 denominations remain the most
popular.
Fleming Congratulated.
Associates at the Riggs National
Bank yesterday extended hearty
congratulations to Robert V. Flem-
ing in connection with his 14th an
niversary as president of the insti-
tuition. Today is the anniversary
date.
Mr.. Fleming was elected president
of Riggs National on November 9,
1925, and became chairman of the
Board OF Directors on January 10,
1885. Under his leadership the bank
has made great advances.
In addition to his banking activ-
ities, Mr.. Fleming retains his deep
interest in civic affairs. He never
has an idle moment, long list of
different enterprises making con-
slant demands on his time, thought
and energy. He is especially active
as a member of the Board of Trus-
tees Of George Washington Univer-
sity, is former president of the
American Bankers Association, Dis
trict Bankers Association and
Washington Board of Trade
Lerch Named Vice President.
Howard D. Lerch, son of the late
j. j. Bernard Lerch, has been
named vice president of Mazo-Lerch
Co., Inc, wholesale grocery firm
which his father served as vice pres
ident for nearly Is years, it was
announced last night by Maurice H.
Mazo, president and co-founder of
the business. The new officer has
been connected with the firm ever
since 1t was started.
Mr.. LerCh was given testimonial
dinner at the Occidental Restaurant
All guests of the sales and office
organization were guests of the
management, the program including
a theater party. Mr.. Mazo presided.
President ,Mazo is also treasurer
OF the corporation and David I. Min
cosky is secretary.
Exchange Prices Steady.
Prices were firm on the Washing
ton Stock Exchange Yesterday
Washington Gas preferred sold ex-
dividend at 104 on a 20-share turn
over. Thirty sales of Washington
Gas common came out at 1879.
Capital Transit registered a So
share sale at 1612, unchanged. In
the bond division, there was trans
fer of $1,000 Anacostia & Potomac
r. r. guaranteed SIS at 1872.
Merrill Lynch, Pierce, Fenner &
Beane distributed the first copies
this week of a service paper which
the brokerage house is publishing,
four pages of information about the
various offices. In eight of the COM
pany's offices girl board markers
are now being employed to take the
place of boys called into the Army.
''It can't happen here" as the
Washington office has an electric
board
Heard in Financial District.
The Washington Office of the G.
I. T. Corp, independent sales finance
firm, announces that Harry Weiss.
who recently resigned as president
of the National Bond & Investment
Co., Chicago. has been elected vice
president The concern has Offices
in $50 cities.
Life insurance agents of the
country are launching a Nation
wide drive to sell National Defense
bonds in States and about 800
cities, 1t was announced yesterday.
William H. Andrews, Greensboro,
N. c., is national chairman.