Evening star. [volume] (Washington, D.C.) 1854-1972, 1942-10-21

ment dealers devoted much time at
their convention to war financing
discussions. Undersecretary Daniel
w. Bell told the conference the
Treasury was seeking to have 30
100000 American workers invest 10
per cent of their pay in War bonds 3
by January l.
AS noted yesterday, j. Clifford
Folger, Washington, was reelected
vice president
Chicago Delegates Named.
Wilfred H. Blanz, president OF
the District Building and Loan
League, has appointed delegates
to the war conference Of building
and loan association officers In Chi
cago next month, as follows: Clar-
ence E. Kefauver Robert E.. Buck
ley, Carl j. Bergman, Edward K. :
Jones, Edward c. Baltz, c. Clinton 5
James, R. w. Santelmann and F.
Wilson Camp.
Directors of the league at the
monthly luncheon yesterday changed
the meeting place for the annual
election from the District Title Co.
offices to the Raleigh Hotel, The
election will be held next Tuesday
evening at o'clock, with buffet
supper after the business has been :
transacted
Matters brought to the attention
OF the league yesterday included
reports from the Legislative Com
mittee headed by c. Clinton James
and the Budget Committee, E. c.
Baltz, chairman.
Fifth District Tops Nation.
The Federal Reserve Board an
nounces that department store
trade in the Richmond District, in
Guiding the Capital, from January /
through October 10. led the other II,
| districts, with a 20 per cent gain,
| over the like period year ago. ".
Trade in Boston area was up IL.
per cent, in New York. 6; Cleve-'
land 10, and Atlanta, 7 per cent.
Chicago sales were up 8 per cent?.
st. Louis, 10. Kansas City. ID: Dali,
las, 6, and San Francisco, IA per,
cent. -
The average increase for the IL
districts was 10 per cent. n
Exchange Offices Lively. :.
New York Stock Exchange offices
in the financial district todav-
jumped into sudden activity when
the market opened at higher prices,
and at very rapid trading pace,
The first day after passage of the
new tax bill found a great many,
traders and investors especially in.s
terested in the Wall Street QUOTA
| tions. 2,
1t became evident that the
passage of the tax bill had not,
been discounted. Brokers said the,
market was advancing on the be-:
iief that great many big corpora =.
lions had set aside more funds thar
Will be required for tax payments.
which may mean better dividend
distributions at the end of the.
year. :.
Late Banking Hours Studied. {
| washington banks are considering
the possibility of staying open late,
one afternoon each week in order
to accommodate the thousands OF,
Government employees whose pays
days beginning November Is will be-
scattered over 20 days of the month.
Now that the department stores
are open on Thursday evenings, It
Is possible that Thursday afternoon,
might be the day chosen as the most,
satisfactory to the Governments
clerks, banks and stores. There is
nothing definite about such a plan.
however.
Fifteen Men Now in Service. ~.
The National Bank of Washington,
has Is stars on the service flag hang.'
ing in the lobby, a record causing
pride among the officers. Employees
in other banks continue to enter the.
service in large numbers, this being,
the cause of the steady increase in
the number of women appearing at
the tellers' windows. They make ex-
cellent tellers, officials say.