Evening star., 1942-09-08

CaQiJ6l curing
the last half of 1912,
The quotas from the States ant
the District of Columbia add up t'
500, 100000, the minimum which
the League officers would have thu
associations invest in all types o
Government securities. including
war bonds, in addition to the Gov
ernment bonds they held on JUNE
30.
Plans are already under way tt
increase the goal for the associa
tions 1943 part in helping Uncl'
Sam pay for the war, F. S. Cannon
league president, said in Chicago
today. Loan associations recognize
their obligation to buy bonds them.
selves just as individuals recognize
the need for setting aside definite
portion of their income for wal
financing, he added.
Mr.. Baltz, the Washington chair
man, is a former president of the
United States League and of the
District Building and Loan League
Accountants List Speakers.
Robert w. King, Office of Price
Administration; Moore c. Mcintosh
War Production Board, and Gus
tave A. Moe, chief examiner. divi-
sion of estimates. Bureau of the
Budget, were announced today as
among the experts who will address
Washington Chapter, National AS
sociation of Cost Accountants, dur
ing the coming year.
Others listed include James l.
Dohr, American Institute of Ac-
countants; Maurice E. Peloubet
New York expert on inventory prob
lens; Vernon j, Boyd, Western
Electric Co., Baltimore, and DR.
Charles S. Tippetts, headmaster
Mercersburg Academy.
Ali will speak on accounting prob
lens created by war conditions, &C
cording to Thomas w, Howard
chapter president, and Herbert F
Taggart, program chairman.
District Tops Trade Gains.
In the first eight months of 1942
department store sales in the Rich
mond Reserve District ran 20 per
cent ahead of the like 1941 period
and were double the 10 per cent
average upturn for the whole II
districts, the Federal Reserve Board
announces.
Philadelphia and San Francisco
came nearest to this district with
upswings of 13 per cent. Boston
an IL per cent advance,
New York I, Cleveland 10 and At
lanta s.
Trade in Chicago was up per
cent, in the st. Louis area IL, Min
8, Kansas City II and in
Dallas IA per cent over last year,
the report showed.
State Financing Declines.
State and municipal financing
during August totaled S48,241 ,3o7, as
compared with s48,268,9 1886 for Au-
gust, 1941, the Daily Bond Buyer
For the eight months ended Au-
gust 81 the total was S489, ,426,011,
or less than half the S934,66l ,374
total for the corresponding period
in 194l.
During August the voters of 80
communities in 16 States authorized
a total of $6,873,000 in new bond
compared with S3,3l2,0oO
in August, 1941. the largest August
total since 1888, due to $4,500,000
voted in st. Louis and $l,o0o,0oo by
Kanawha County, w. Va.
New Streetcars Arriving.
The Capital Transit Co. reports
that the first of the companys order
for 81 new streamlined streetcars
are now arriving in the city and
being placed in service as soon as
tested. Each car costs S18,500. They
have been arriving at the rate of one
a day, but it is hoped that ship
ments will soon reach two cars a
Gay.
When the. 81 are all in service, the
Capital Transit Co. will have 319 of
these modern cars. The company
has ordered 100 more streamliners,
but they are not expected for long
time on account of war conditions
limiting materials. Traffic on the
company's lines remains at the
highest point on record, officials say.
d. c. Furniture Sales Rise.
Retail furniture sales in Wash
ington in July were per cent ahead
of the same month last year and 10
per cent above the preceding month
this year, the Federal Bank of
Richmond reported today.
Sales in the 5th district were of
20 per cent from July a year ago
and 2 per cent from June. Mary
land sales were down l6 per cent
and Virginia trade II per cent from
1941.
Norfolk ran contrary to most OF
the other cities, reporting a gain OF
46 per cent over last year and u
per cent over June, 1912.
Norfolk and Washington were the
only cities in the 5th district show
ing substantial gains. The Capital
report covered nine stores.
Today's Trading on Exchange.
Capital Traction SIS opened trad
Ing on the Washington Stock Ex-
change today following a triple fol-
iday. Two $500 transfers were reg
lstered at l06. unchanged.
In the stock division two To-
share sales of Terminal Refriger-
ating 81 Warehousing Corp. changed
hands at so. This was the same
price as the last previous sale.
Brokers in New York Stock Ex-
change Offices here reported a slight
increase in boardroom visitors in the
first session after Labor Day. The
market was very quiet in the early
trading, the tax bill and the wal
still gripping major attention.