Evening star., 1942-05-03

months, the March volume was the
largest, 1912 shipments comparing
As follows with the same month in
1941:
1912. 1941.
January 1877, 1861 165, 1864
February 179,040 167 PIT
March 2I6,823 197,411
April - ---------- 202,ll6 199,894
Both these reports closely follow
the April statement on bank clear
tngs which revealed an increase
of more than s9,00>>10 over April
and surprising gain in the four
months over 1941 of more than
$85,O00,000.
Trading on d. G. Exchange.
Two stocks we're featured on the
Washington Stock Exchange in the
weekend trading. The first to ap-
pear on the board was Washington
Gas Light $3.50 preferred stock
which had not been out for many
sessions. Four 1o-share lots moved
at 92 1912 low mark
1t is interesting to compare this
stock with the new 40,000-share is
sue now being marketed At 80 the
per cent, a high yield for any in
vestment stock. The new s5 pre-
ferred, being sold at 500 share,
returns 5 per cent.
The other stock changing owner
ship yesterday was Mergenthaler
Linotype. 1t opened with 10 shares
selling at 32s. against the last pre-
vious sale at 331a. Later 80 shares
sold at 33. At this level Linotype
yields nearly II per cent. Bid and
asked prices on other issues changed
very little during the week.
New Charge Account Limits.
Department store charge accounts
OF ordinary customers may not run
for longer than 40 days under the
new installment credit regulations
of the Federal Reserve Board.
Any charge accounts which are
not paid up at the end of each 40
days must be converted into in
stallment loans and the purchaser
must agree to iquidate them at a
fixed rate each month.
The regulations are expected to
be issued formally within the next
few days They will, according to
the Wall Street Journal, cover many
forms of consumer credit besides
charge accounts. For instance. So
called single payment loans made
by banks will come under the new
regulations.
Annual Dinner to Draw $50.
One hundred and fifty members
of the bowling league sponsored by
the District of Columbia building
and loan associations will gather for
the annual dinner at the Mayflower
Hotel tomorrow evening
The champion Columbia Federal
Savings 81 Loan team, which won
out this year in "grueling finish,
will be presented with the huge
silver trophy by Wilfred H. Blanz,
president Of the District Building
and Loan League. This Is the sec
ond time the Columbia Federal has
won first honors and according to
the rules the cup will be perma
nently retired in their possession
William z. Poulten will present
prizes to bowlers who distinguished
themselves during the season. Pro-
viding the entertainment will be a
committee headed by Jennings
Brown and Urban Donnelly.
Southern Rail Nets Higher.
Glass I railroads in the Southern
district in the first three months oi
this year had an estimated net in
come. after interest and rentals ot
s22 ,37l 900, compared with $685.
529 in the same period last year.
Operating revenues totaled s2l0,-
069,8l6. an increase Of % per cent
compared with the same period ir
1941, while operating expenses to.
tailed Sal ,034, ,l25, an increase o.
292 per cent above 1941.
Railroads in the Southern district
In March alone had an estimated
net income, after interest anc
rentals, of sl0,225 900, compared
with 81 1913 ,539 in March, 1941.