Evening star., 1942-11-13
Virginia Takes Lead
In Fifth District
Tax Note Sales
Maryland and North
Caroline in Second
And Third Places

O0rolInu IN SECOND
And Third Places
BY EDWARD C. STONE.
Virginia led the District of Colum-
bia, as well as the other States in
the Fifth Reserve District, in the sale
of Treasury tax savings notes during
October, according to a report made
from Richmond to Winslow B. Van
Devanter, chairman Of the Victory
Fund Committee for Washington.
Virginia sales totaled $11, ,108. .625.
Maryland came next with sales
amounting to $10,200,450. North
Carolina reported an October total
of So, ,535, 400; South Carolina, $751;
IT'S; West Virginia, $2,290,575. The
Fifth District October total of $43,-
473,975 was an increase over Septem-
ber of $9,283,7O0, or 27 per cent,
analysis of the report reveals. The
total of $5,181 $50 in tax notes sold
in Washington compared with So
100000 for Baltimore.
The detailed summary showed very
sharp gains in sales all over the Fifth
District. Among the places in Mary
land which contributed materially to
the total were Frederick which sold
$178,925; Bethesda, $4,000; Chevy
Chase, $28,075; Glen Echo, $4,000;
Silver Spring, $12,70O; Somerset,
$4,000, and Takoma Park, $3.50.
That the public is becoming more
and more tax minded is indicated
by the increased sales in tax notes.
These notes provide money for taxes
AS their main purpose, also pay
interest, are guaranteed against de-
cline in value, make money jmmedi-
ately available for war purposes, and
serve as check on imitation by re-
ducing spending power, members
of the Victory Fund Committee
point out.
Capital Store Sales Rise.
Department store sales in the
Capital for the week ended last
Saturday were 13 per cent higher
than in the corresponding week
last year and per cent higher than
in the previous week; the Federal
Reserve Bank of Richmond reported
today
Sales in the Fifth District were
80 per cent better than last year,
were up Sc per cent in Baltimore
and 33 per cent in a group of other
cities, the report said Sales in the
whole district averaged 8 per cent
ahead of the previous week this
year.
Washington stood high in the ter
ritory in cumulative store sales for
the four weeks ending on November
7. registering 10 per cent gain over
the like 1941 period. The Fifth Dis
trict average was W 18 per cent,
Baltimore trade was II per cent
ahead of last year and sales in the
group of other reporting cities were
81 per cent higher
Howard New Hotel Director.
Albert w. Howard, vice president
and secretary of the Firemen's In
surance Co. of Washington and
Georgetown, was elected a director
Of the Raleigh Hotel Corp, at a
meeting of the board yesterday
afternoon.
He fills the vacancy caused by
retirement of Charles R. Brown,
secretary of the Thomas j. Fisher
Co., who has retired from that
position to take up residence in
Florida.
Record Day on d. C. Exchange.
Trading on the Washington Stock
Exchange today was the heaviest in
several years. During the session
1000 shares of National Mortgage
& Investment preferred sold in
seven transactions at "A, un-
changed.
Washington Gas Light common
opened with 100 shares selling at
1873, followed by three more 100
share sales at 1914. Ten shares Of
American security & Trust Co.
stock moved at 1872, unchanged.
Guest Speakers Announced.
The November meeting of the
District of Columbia Institute of
Certified Public Accountants will be
held at the Hay-Adams House next
Monday, preceded by dinner at $50,
Maurice A. Martin, president, an
nounced today. The speakers will
be Brig. Gen. Arthur H. Carter, for
mer vice president of the American
Institute of Accountants and now
attached to the fiscal division of
services and supply, War Depart
ment, and Comdr. Norman L. Nc
Laren, ex-president of the Amer
ican Institute.
Cost Accountants to Meet.
Moore C. Mcintosh, chief, Ac-
counting Advisory Board of the War
Production Board, will address
Washington Chapter, National AS
ISOLATION of Cost Accountants, next
Wednesday evening, the dinner
meeting starting at 6 o'clock. His
topic will be Government Corpora
tions and Federal Accounting"
Thomas w. Howard, United States
Chamber of Commerce, will lead an
open discussion after the address.
Peoples Drug Dividend Voted. -
Directors of Peoples Drug Stores,
Inc, have declared dividend of
Is cents per share on the common
stock navahle Decennloer 90 to etocL