Evening star., 1941-06-01


Clearings in the first five months
months, with the corresponding pc
RODS in 1910:
l941. 1910.
January s132, ,187 ,282 s107 1903
February - 1851 597 93153, ,189
March ----- 136984,555 110284. 900
April ---- 147,87l,745 $3.50, 800
May ---- 152,107,4OS 118940, ,256
District Auto Sales Soar.
April automobile sales reached
record levels in Maryland. District
of Columbia North and South Caro-
lima, but declined in Virginia. the
Richmond Federal Reserve Bank
reported in its monthly review of
financial and business conditions in
the fifth district, according to the
Associated Press.
The Districts registrations totaled
34.958, as against 26.726 in April,
1910, a gain of 81 per cent. In Vir-
ginia the registrations were 6,392,
against 1854 last year. a drop of
II per cent For the first four
months of 1941, however, Virginia's
registrations were 80 per cent ahead
of 1910. --
The outstanding feature of busi-
ness in the District is the strong
effect exerted by defense construc-
ton and industrial work" the re-
port stated. In the Hampton
Roads area great expansion in ship
building. with several hundred mil
lion dollars in naval and merchant
ship contracts, has brought in
thousands of new workers who have
made necessary number of hous-
ing projects and have swelled retail
trade in Norfolk. Newport News and
Portsmouth to record levels"
Department store and furniture
sales, the bank said, continued on
high level and construction pro-
ceeded in large volume. Despite
need of rain in parts of the district,
prospects for agriculture both as to
production and cash receipts were
said to be good.
Yesterdays report said that all
branches of trade and industry
showed expansion except coal min
ing and carloadings. Both were hurt
by the month-long shutdown in the
Appalachian coal fields.
Baukhage on Bankers Program.
At their annual convention at
Hot Springs this week, Washing
ton bankers will hear an address
by H. R. Baukhage. radio commen-
tator and columnist, President A.
M. McLachlen of the District
Bankers Association announced yes
terday. His subject will be "A
Better Mousetrap."
A native of LaSalle, Ill, he was
graduated from the University of
Chicago, studied in foreign uni
versities and later was foreign cor
respondent in several European
capitals. He was in the first World
War.
Chief Washington correspondent
of the Western Newspaper Union,
Mr.. Baukhage also gives radio
talk every day on the Farm and
Home Hour to host of people in
the rural sections all over the
United States.
Members of the Association will
leave here aboard a Chesapeake e.
Ohio special next Wednesday at
8 o'clock President McLachlen will
open the convention Thursday
morning. Among the special guests
will be Preston Delano, Controller
of the Currency. and Mariner
S. Eccles, chairman of the Federal
Reserve Board of Governors.
Heard i'm Financial District.
Directors of the Washington Con-
vention Hall Co. have declared the
regular semi-arnual dividend of
$3.50 per share on the preferred
stock and a dividend of 50 share
on the common stock, both payable
June l to stockholders of record May
"a, President Wootton E. Young an
nounced yesterday.
Washington Railway & Electric
participating units closed the week
in the ver-the-counter market with
14A bid and 16 asked The Wash
ington exchange was closed yester-
day.
Smiths Transfer & Storage Co
has leased a warehouse In the South
west section to care for an increase
in business, which is 10 per cent bet
ter than last year, President Arthur
Clarendon Smith announces.
Edwin A. Turville, American Sc
curity & Trust Co., won the annual
golf tournament of Washington
Chapter, American Institute of
Banking. Malvern F. Morse and
James F. Willett of the same bank
also won prizes.
Glass I railroads in the Southern
district for the month of April had
earnings of $9,564.2O6, before interest
and rentals, compared with s5,427,-
372 In April, 1910. In the first four
months of 194l earnings totaled s44,-
214,66l, compared with s24,95o, ,68s a
year ago.