Evening star., 1942-02-02
D. {. Bank CIearings
Al New High Mark
For January
$34,628, ,601 Increase
Over Same Month
Of 1941 Revealed
For January
BY EDWARD C. STONE.

VI b<Tb NSVS0ISo
BY EDWARD C. STONE.
January bank clearings in tn
Capital piled up gain OF $34,628,
601.79 over the same month in 1874.
reached another new all-time higl
mark for January, at the same tim
indicating that business in Wash
ington was the most active eve
known In the first month OF an
year IN the city's history.
The boom conditions were re
vealed today in the monthly repor
of George H. Bright, manager o
the Washington Clearing House AS
sociation. Cancelled checks totale,
$166, ,8l5, ,884.43, compared with ban
clearings amounting to $132, ,187,
282.64 in January a year ago.
With the exception of the abov
figure for January, 1941, the near
est approach to the new peak wa
back in January, 1929, when clear
ings totaled 9,438, ,291.31. Tha
was the year of the stock marke
debacle, and for years afterWar'
clearings in the Capital were a
much lower figures.
Bankers said today that expanded
pay rolls played a vital part IN tn
January clearings. The opinion wa
also expressed that business mus
have been at the highest levels Il
any January, especially retail trade
in which a buying wave OF tremen
douS proportions now is evident
The same financiers also pointe'
to Government building as anothe
important reason for the upsWlni
in clearings.
Todays report follows the De
cember total, $172 ,982, ,242.23, in com
parison with $139, ,843 ,554.61 IN De
cember, 1910, an increase OF $33,
1873. 1887 50 and a sensational gain o
S342 207 ,53290 in the full year 1874
over 1910.
Exchange Roster Printed.
According to the 1912 roster o
members of the Washington Stool
Exchange, being distributed in tn
financial district today, there ar
80 seat holders. Membership is linn
tied to 40.
The Exchanges who's Who
shows very few changes during th'
past year, all the veteran member
retaining their seats, while in tn
cases of two deaths in 1941, tn
estates have so far retained th'
memberships.
C. J. Gockeler, for many year
one of the most active members o
the Exchange, retired from banking
at the end of 1941 and moved II
Ventnor, N. J. However, Mr.. Cooke
Ter has no intention OF Offering hi
seat for sale.
The volume Of trading on th'
Exchange has witnessed an aston
ishing increase in the past thre'
months, to the great satisfaction o
President George M. Ferris and hi
associates.
Present Exchange Members.
The present membership, made VI
largely of investment dealers ant
bankers, with their business con
nections or addresses, includes:
Thomas L. Anglin, w. w. Mackal
& Co.; Yelveton E. Booker, Y. E
Booker & Co.; John F.. Brawnel
Waggaman, Brawner & Co.; )
Newton Brewer, jr, Robert {
Jones g. Co.; Estate OF R. A. Casl
lear, Lincoln National Bank; Viii
liam C. Coe, w. w. Mackall & Co.
G.. Fenton Cramer. Waggaman
Brawner & Co.; James c. Dulin, Jr
Hibbs Building.
James c. Elgin, w. B. Hibbs 8
Co.; Henry P. Erwin, Hibbs Build
ing; Marshall o. Exnicios, Ferris
Exnicios & Co.; George M. Ferris
Ferris, Exnicios & Co.; George A
Garrett, Merrill Lynch, Pierce, Fen
ner & Beane; c. J. Gockeler, l
South Newark street, Ventnor, N. j.
Frank M. Hall, Hall, Peters & Bry
son; Edward L. Hillyer, Uniol
Trust Co.; John NJ Hoffman, Bar
rett, Herrick & Co.; Charles W
Hume, associated with Thomas L
Hume; Charles Jacobsen, Natlona
Metrcoolitan Bank; James M
Johnston, Johnston, Lemon & Co.
Robert C. Jones, Robert c. Jone
& Co.; James H. Lemon, Johnston
Lemon & Co.
William w. Mackall. w. w. Mac
kali & Co.; Bernard j. Nees, John
ston, Lemon & Co.; James Parke
Nolan, Folger, Nolan & Co.; Rober
Lee O'Brien, jr, Folger, Nolan &
Co.: James O'Donnell, Catonsville
Md; Edison B. Olds, Brown, Good
wyn g. Olds; Chauncey G. Parker
jr., Auchincloss, Parker & Redpath
Harold C. Patterson, Auchincloss
Parker & Redpath; j. Carl Perry
w. B. Hibbs & Co.
Myles H. Quail, Y. E. Booker {
Co.; T. Baker Robinson, Robinson
Rohrbaugh & Lukens; Paul P. Rod
Ter, w. B. Hibbs & Co.; Austin E
Rohrbaugh, Robinson Rohrbaugh {
Lukens; Benjamin w. Thoron, 290
N street NV; Kenneth S. Wales
K. S. Wales & Co.; Milton F. West
heimer, Munsey Building, Balti
more; Estate of John F. Wilkins
American Security & Trust Co.
Wholesale Trade Scars.
Sales of 1890 wholesale firms ad
vanced 81 per cent in 1941 owe
1910, contrasting with only 7 pc
cent gain for 1910 over 1889 and
Z per cent upturn in 1889 over 1891
the Commerce Department reports
There were gains from the start bu
the late months showed remarkabl
increases.
Wholesalers of industrial supple
led all other trades with a 66 pc
cent margin over 1910 sales. The
were followed by metals, 62 per cent
electrical goods, go per cent. an
machinery, equipment, and supplie
except electrical, SO per cent.
Four other trades had advance
Of over 40 per cent, while nine ad
ditional registered gains over 1914
of 80 to 80 per cent. Smaller maj
gins over 1910 were recorded b
food trades, the report says.
Reserve Banks Assets Rise.
Total assets of the Federal Re