Evening star., 1941-12-30
December Shipments
By Express Set New
Capital Records
Christmas Volume Runs
Far Ahead of 1910,
Official Reports
BY EDWARD c. STONE.

for the holiday month, at the same
time indicating that the movement
of Christmas goods was the heaviest
ever experienced in the Capital, il
was learned today from Railway
Express Agency officials.
From December through Decem-
ber 26 shipments dispatched by the
Washington Office numbered 26l ,673
in comparison with 250,804 in the
same period year ago, a jump OF
10,669 shipments, or 4.3 per cent
according to Supt. C. w. Turner.
officials are highly elated over
December business. They had an
excellent gain last year over De-
cember of the previous year, but
it did not compare with the rise
of more than 10000 shipments just
reported.
The summary includes the first
day after Christmas. Since then
business has been so heavy that a
still better showing for the full
month is now practically assured
Mr.. Turner said.
Housing Loans on Increase.
Washington banks, building and
loan associations and other lending
agencies have made an increasing
number of loans under Title of the
National Housing Act, according to
latest F. H. A. reports. Title
loans are for property improvements
and renovations.
From January through Septem-
ber 1,773 of these property i'm
provement loans Wer. made in the
District of Columbia, the report
says. amounting to S831,714. Since
the National Housing Act as amend
ed went into effect there have been
1908 Title I loans granted by Dis
trict lending institutions for Gu
mulative total of S8,917,234.
Gross mortgages accepted for in
surance under Title II on property
located in the District of Columbia
on homes numbered 357, against Alb
a year ago, and amounted to $685.
$50, compared with S2,272, 500 in
the first nine months of 1910
On new homes alone 332 loans
were allowed, against 383 a year
ago in the first nine months, for
81 ,716,350 in 1941, compared with
S2067 200 last year.
New homes started in the Dis
trict of Columbia under F. H. A.
in the nine months un-
der Title numbered SO, numbered
2,246 under Title II and 258 under
Title VI, making total of 2,573,
the survey discloses.
Old Credit Licenses Expire.
The blanket license under which
banks, loan companies, merchants
and others engaged in the extern
sion of installment credit have been
operating since September l will
expire tomorrow, the Federal Re-
serve Bank of Richmond warns.
Regulation w requires every in
dividual, partnership, association or
corporation engaged in the business
of making extensions of inStallment
sale credit or inStallment loan credit
or engaged in the business of lending
on the security of or diScounting
or purchasing obligations or claims
arising out of such extensions Of
credit to secure license on or be-
fore January l, 1912.
Laidlaw Adds Three Partners.
Louis w. Noel, Daniel E. MacLean
and William F.. Van Deventer, all of
New York, have been admitted as
general partners in LaidlaW & Co.,
New York Stock Exchange firm, ac-
'ording to G.. Bowie Chapman OF
he Washington Office.
Henry w. Brewer, who has been
/ general partner of the firm since
928, retires tomorrow. Mr.. Mac
Iean and Mr.. Van Deventer have
,een associated with Laidlaw since
1923 and Mr.. Noel since 1899.
Wall Street Has Boom
Brokers in New York Stock EX-
;hange Offices here were catching
heir breath after yesterdays. wild
session. in which the tape could not
Keep up with the market at times.
The tremendous volume was due
o tax selling and replacement buy
ng, according to Wall Street re-
oorts. The volume was the largest
# any session this year. topping the
previous record made on December
of 1855 200 shares. Trading just
missed a ,000-share day, the
biggest days trading since May 81,
1910, when $4,000 shares changed
hands
Brokers commented on the fact
that today and tomorrow are the
last days on which selling for tax
deduction purposes can take place.
Bond Bid Date Announced.
Prince Georges County, Md, met
ropolitan district, will receive bids
January 13 for 100000 bonds at
not exceeding 4 per cent. dated De-
cember / and due December 1,
1942-66.
On the New York Stock Exchange
Yesterday one stock made a new
high for 1e41 and 131 hit new low
marks for the same period. Con-
tinental Baking preferred made the
new high.
The Washington Office of Orvis
Bros. & Co. is distributing among
clients a compilation of common
stocks listed on the New York Ex-
change which yield from to 10
per cent, based on dividends de-
clared in the past year.
League Hears Bond Talks.
Members of the District of Colum.
bia Building and Loan League held
the final meeting of the year at
the Raleigh Hotel today at 1890.
As special guests of the group were
representatives of the Defense Bond
Sales, Treasury Department, led by
Hugh Lynch and H. L. Rust, jr.,
the latter general chairman of the
D. C. Defense Bond Sales Com
mittee.
Gas Leads Exchange Trading.
Washington Gas Light common
stock again led trading on the
Washington Stock Exchange today,
about 500 shares changing owner
ship, all at IS and up half point
from yesterdays close.