Evening star., 1942-12-13
Sharp Gain in Sales
Reported by Potomac
Electric Power Co.
November TotuI Up
1867 Per Cent From
Same l94l Month
BY EDWARD C. STONE.


Disclosing another sharp month
Iy increase, sales of the Potomac
Electric Power Co. in November
reached 96,89l ,468 kilowatt hours,
in comparison with 83,047 ,094 in No.
Vember year ago, a jump of 49,
844,374, or 1857 per cent. company
offlcials reported yesterday. This
was one of the best gains in any
month this year
Railroads and railways showed
the heaviest advance, the demand
for electricity being 2063 per cent
higher than in November, l941.
Sales totaled l0864,560 kilowatt
hours, against e.006,2O5 last year, or
an increase of 1,858,355.
Sales for public street and high
way lighting were practically the
same as last year, the gain being
only l53 per cent. Other sales re-
vealed marked improvement, total
ing s3,453611 kilowatt hours, an in
crease of 1911 per cent, officials
stated.
City Club Interest Ordered.
The National Savings & Trust
Co., receiver for the City Club prop
erty, at l3l2-1320 G street NV. has
been authorized by the District
Court of the United States for the
District OF Columbia to make a pay
ment OF 4H4 per cent interest to
holders of S550,OO0 first deed of
trust notes secured on the prop
erty, it was announced in the finan-
cial district yesterday.
The payment is being made bv
the trust department, company off,
cials urging holders of the notes to
present them promptly for collec-
ton of the interest
In December of last year 81 per
cent interest was paid on these
notes.
War Bonds Popular Gifts.
Washington bank officials yester-
day reported substantial buying of
Series E United States Savings
Bonds for Christmas gifts. The
popularity of these bonds as Yule-
tide presents becomes apparent when
buyers ask that other names be
placed on the bonds. Some buyers
have had long lists of names, many
purchases being in the higher de-
nominations.
The Victory Bond campaign
moved forward steadily in the Cap
ltal yesterday. Another report will
be made tomorrow afternoon to the
chairman. Winslow B. Van De-
vanter. 1t will show fine progress
during the week just ended.
Recent large purchases include
buying by the American Federation
of Labor Of 100000 Treasury 2las.
Potomac Insurance Co., sl5O.O00 of
1s4s and S25.000 2l2s by the Brick
layers, Masons and Plasterers' In
ternational Union.
Bohd Club Reservations Grow.
Edison B, Olds, chairman, reported
yesterday that reserva tons are COM
ing in rapidly for the Bond Club
OF Washington's luncheon at the
Mayfower Hotel next Thursday
noon. Membership has been hit
severely during the last year by men
entering war service, but practically
az the present members will attend.
Many guests have been invited.
Walter Nash. recently named Min
lister to the United s ates from New
Zealand, will be guest speaker. He
Is member of the Pacific War
Council and will discuss the situa-
tion in the South Pacific.
J. Clifford Folger, club president.
heard him address the New York
Bond Club recently and imme-
diately asked him to speak here.
The program also will include cleo
ton of officers.
Packard Active in District
The death of Harry M. Packard
caused deep regret in the financial
district in which he had been such
an active figure for many years.
He was vice president of the Ma
tional Permanent Building Associ-
alton, secretary for many years of
the Washington, Lawyers and Dis
trict Title Cos: treasurer of the
American Fire Insurance Co. and
director of the Northern Liberty
Building Association. all these i'm
portant Offices keeping him excep-
tionally busy Yet he always found
time to keep in close touch with his
friends.
Securities Insurance Near.
Surety companies have been noti-
fed by the War Damage Corp. that
the corporation will make available
on December 81, insurance for
money and securities in vaults or in
transit against damages resulting
from enemy bombardment or from
resistance to enemy attack.
The rates to be charged by the
corporation and maximum limits on
both money and securities are dis
closed In four classifications. The
purpose of notifying the surety COM
panies ahead OF the banks was to
enable them to prepare for issuance
of policies. The banks have known
for some time that such insurance
was to be offered.
Heard in Financial District.
John A. Reilly, president of the
District Bankers Association and of
the Second National Bank, has been
elected president of the Washington
Cosmopolitan Club.
The City Bank has declared the
usual extra compensation at the
year-end, a half-month's pay for
those longest in service and smaller
amounts for others. President Clar-
ence F. Burton said yesterday.
The Maryland Trust Co. has de-
clared a 50-cent dividend. against 40
cents paid in the last half of 194l
and 40 cents in the first half Of
1912.
Agood many Washingtonians were
interested in the initial dividend of
so cents pere share on Continental
Banking B stock. to be paid January
% to stock of record January 8.
Edward S. Brown. president. First
National Bank, Chicago. has been re-
ony,pinteI yo,ef,,her Of tho Fa6cro1