Evening star., 1942-05-11
Sales Of War Bonds
Expand Sharply at
City Post Office
Log in Stamp TotoI
Indicates Increase
In Direct Buying
By EDWARD STONE.


crease over March, it was learned
from postal officials today At the
same time there was a falling off ir
the purchase of War stamps, indi-
eating that more people are now
buying the bonds without first accu'
mulating the stamps, a situation
pleasing to post office officials.
The number of War bonds issued
in April reached 24,256, against 22,-
600 bonds sold in March, an in
crease of 2252. With the exception
of January, this was the largest
number of bonds issued in any
month since the sales started last
June.
The value of the bonds distributed
In April, at the selling price and not
at maturity, amounted to 1922 .937 so
as compared with S735,13l.25 in
March, an increase of 87,806.25.
War stamp sales at the City Post
Office and branches in April totaled
S650,435.50. In March these sales
totaled $656,705.30, so that April
showed small drop of $6,269 80.
The largest monthly War stamp
sales were also in January, when the
total stood at $771 ,34205.
Post Office officials look for a
sharp increase in both bond and
stamp sales in the present month.
A plan already adopted in the main
Office urges all employees to put 10
per cent of their incomes into this
form OF war financing. 1t has met
with marked enthusiasm. Knowing
that some employees can't invest 10
per cent in the bonds, others are
planning to make up the difference
and 60 higher than 10 per cent of
their incomes.
McCammon Joins Exchange.
Joseph Kay McCammon III, who
has been connected with the New
York Stock Exchange firm of Auch-
incloss, Parker g. Redpath for the
past eight years, was elected a mem
Der Of the Washington Stock Ex-
change at today's session.
Member of an old Washington
family, his father, Judge Mccain
mon, having been active on the
bench for many years, the new Ex-
change member was connected with
the Curtis Wright Flying Service in
Boston before coming to Washing
toms financial district. He was edu-
Gated in the Chevy Chase public
schools, at St. Adams School, Gum
merry School at Washington, Conn,
and took special work in the Massa-
chusettS Institute of Technology.
He is a member of the Chevy
Chase Club and takes the seat on
the exchange held by Chauncey G.
Parker, jr., now lieutenant colonel
who has been on active duty with
the United States Marines for the
past two years.
William c. Zimmerman Honored.
William c. Zimmerman, president
OF the Northern Liberty Building
Association, was highly honored yes
terday by the directors of the Ger
man Orphan Home, of which he has
been president for the past 20 years.
Handsomely engrossed resolutions
were presented to him and to Mrs.
Zimmerman, expressing very deep
appreciation for the exceptional in
terest which both have taken in
the institution over this long period.
The officers and directors of the
home include officials in four or
five other building and loan asso-
Citations who are also rendering
valuable service to the organiza-
ton.
James Invitation Chairman.
Wilfred H. Blanz, president OF the
District of Columbia Building and
Loan League, has named G. Clinton
James as chairman of the Invitation
Committee for the fourth annual
outing at the Washington Golf and
Country Club June 2. Mr.. James will
be assisted by Carl j. Bergman and
Edward c. Baltz in looking after
the distinguished guests from Gov
ernmental financial agencies and
important local business leaders.
Martin A. Cook, chairman of the
Entertainment and Ticket Commit
tee, reported that considerable in
terest is being shown by building
and loan executives and expects
the fourth edition of the outing to
to be the largest in point of at
tendance yet held.
Home Loans on Increase.
insured building and loan associ-
etions In the District of Columbia
made home loans totaling $3.50 900
during March, it was reported today.
In February loans made by the same
associations amounted TO $580000,
making a March gain of 100000
The IL insured associations in the
District now have home mortgage
loans on their books aggregating
S39, ,756,900. During March $l49, 100
in loans was placed on new construc-
ton. home purchase loans totaled
s2l6,600 and loans for recondition-
ing s10,7oo.
Insured building associations in
Virginia made home loans totaling
S1059 1900 in March against S1,153,-
346 in February. In Maryland
March loans totaled s2,093, ,000
against S2,068, 1895 in February.
Stock Time Limit Expires.
The time for holders of Washing
ton Gas Light common stock to sub
scribe for the new offering of SIS
cumulative preferred stock expired
today The remaining stock will be
offered the general public, the total
number of shares taken by the COM
mon holders TO be figured up at once
1t was reported in the financial dis
trict that the new issue is going very
well
Potomac Electric Power s per cent
preferred stock got all the attention
on the Washington Exchange today
The stock was strong At the open
ing, 5 and 20 share lots moved al
1l6 and later six more shares
changed hands at the same price.
The bid for Capital Transit stooc
at l9a4 with % asked; Mergenthaler
80 and "a; Peoples Drug common
l9 and %.
Financial District Comment.
Seventy-tWo Washington resident
own 1882 shares of stock in the Con
necticut Light & Power Co. &C
cording to a report from Hartford