Evening star., 1941-04-30
$l47,871,745 for April
Eosily Tops Previous High
Reached in October, 1929
BY EDWARD c. STONE.

first four months of this year tOtaled
$535,615. 1903, against S426, ,l54 ,672 as
in the like period in 1910, jump
Of $1O9 AGO 508.52.
Another All Time Peak.
This. too. is an all time peak for
the Capital The highest previous
mark for this period was in the
first four months of 1929 when clear
ings totaIed s5OO183, ,31105, about
S35.OOO.OO0 less than the present
record.
Bankers today aScrlbed the new
mark in monthly clearingS to the
steady increase in defense activity
In Washington and also to the sub
stantial growth in population. These
two factors are pushing business
into new highs every day they said.
Clearings in the first four months
of this year compare as follows, by
months, with the corresponding
periods in 1910:
1941 1910
January $132 1922 SLOT 1903
February 118,571,597 93153, ,189
March -- 136.984 .555 11O284O0O
April - 14787l,745 $3.50 800
Bond Sales Start Tomorrow.
Washington banks today reported
a supply of defense savings bonds
and stamps on hand ready for the
Nationwide campaign which will
be launched by the United States
Treasury tomorrow. The building
and loan associations are also ready
to Join in the drive and already
have an ample supply of the bonds
for their patrons.
All the banks have to set up sep
arate bond accounts. The American
Bankers Association, National ASSO-
citation of Mutual Savings Banks,
United States Building and Loan
League and host of other organiza-
tions have pledged "all-out aid in
the bond sale program. The ma
chinery is all set up. The New York
Curb Exchange is one of the latest
organizations to arrange special
service for patrons.
The South Carolina National
Bank at Charleston announced to-
day that each officer, director and
employe in the banks 16 branches
will purchase a bond tomorrow
morning. The Federal Reserve SyS-
tenn has set up a voluntary deduc-
tion system by which payments on
the bonds are to be made from pay
checks if the employees request it.
The Federal Home Loan Bank Sys-
tenn will serve as agents for the sale
OF the bonds.
1t was indicated in the banks here
today that many employees will be
among the early buyers.
Bankers Back Credit Control.
The report of the Economic Policy
Commission of the American Bank
ers Association, presented at Hot
Springs, Va, yesterday, before the
spring meeting of the Executive
Council of the association at the
Homestead, stresses the need for
controls over the inf1ationary forces
potential in the Federal defense
deficits and expresses support of
the proposals for the control of
credit expansion made by the Fed
eral Reserve Board.
There may be some differences
about the methods to be used, the
Policy Commission report comments,
but there should be agreement on
the principle that the central bank
of issue of the country should have
powers to act in control of credit
with proper timing and authority
when initiation threatens.
De Force Named Delegate.
James A. De Force, general agent
for the Continental American Life
Insurance Co. of Wilmington, Del,
has been appointed a delegate to
the annual meeting of the Chamber
of Commerce of the United States
al the request of Julian S. MyriCk,
chairman of the Committee on Co.
operation with the chamber.
Mr.. De Force will be one of the
delegates representing the National
Association of Life Underwriters.
Mr.. De Force is second vice president
and q member of the Board of Direc-
tors of District of Columbia Chapter,
Chartered Life Underwriters. and
secretary treasurer of the managers
section of the Life Underwriters
Association.
Busy Day on Exchange.
Washington Gas Light preferred
stock sold at 104 on the Washington
Exchange today, unchanged.
National Savings & Trust Co
stock appeared on the board today
for the first time in many weeks,
q small lot moving at 204.
Capital Transit was in large de-
mand. The market opened with 10
shares selling at 1853. Later two
l00-share and one 50-share lot
changed hands at 1872.
Heard in Financial District.
The Greyhound Corp. has recon-
rended to all the operating COM
panies adoption of a retirement plan
which has Just been worked out after
long study. 1t is offered to 10000
employees.
In an address before Utica, N. Y,
bankers, Cyril B. Upham, deputy
controller Of the currency. urged all
banks to do everything in their
power to help distribute the defense
savings bonds.
H. H. Mckee. president of the
National Capital Bank and chair
man of the Clearing House Asso-
citation, is back at his desk after
short vacation.
Junior bankers, who are Compet-
ing in the institutes annual essay