Evening star., 1942-12-02

Sales in the fifth Federal Reserve
district on the first day of the VIC
tory loan drive totaled S20,697.574,
Edward c. Anderson, executive man.
ager of the district campaign, re-
ported in Richmond today.
There is more interest shown in
the sale of the Government secur-
tiles now than at any time since the
war started he declared The fig
ure does not include s7.54900 in
surplus funds which the State Of
Virginia is investing in Government
securities.
Washington building and loan men
are joining actively in the Victory
Fund drive, urging their Sharehold-
ers to buy bonds to the limit F.
Wilson Camp, secretary, reported
TODAY that total of nearly $1,000 900
in bonds has already been sold to
members. This means personal con-
tact with very large number OF
people, officials said, since average
balances are apt to be smaller than
those in commercial or savings
banks.
The National Committee of the
Securities Industry for War Financ-
ing has appealed to all securities
dealers, brokers and investment
bankers to do everything possible to
push the Victory Fund campaign.
Next to the actual combat. the ap-
peal says, this intensive drive is the
most important undertaking of the
war to date.
Christmas Club Funds Paid.
About 10000 members of this years
Christmas Savings Clubs which were
conducted by more than 20 banks N
and near Washington had approXi-
mately s6,000000 in their hands to-
day, following recent payment of
the accumulated funds.
This money is expected to be-
come an important factor in holidav
shopping which has already reached
substantial proportions in the Cap
ltaL In the past the larger per-
centage of these Christmas Club
Funds have been spent for Yuletide
gifts, but the savings also have been
used for rent payments. insurance
premiums, amusement and travel
Inc payments just made in the
Capital are the last for the present.
at least, as the banks have decided
not to operate the clubs next year.
Present patrons have been asked to
use their extra savings during l943
IN the purchase of United States
War bonds.
The clubs have been extremely
popular in the Capital. In the best
year on record, the clubs had 80 900
members and aggregate subscrip-
tons amounting to more than
s8,OOO,0O0. Many members have had
accounts nearly 20 years.
Primm Makes Output Record.
Paul H. Primm, with the Washing
ton office of the Mutual Life Insu-
rance Co. of New York, has been
made member of the National
Field Club for the fourteenth time,
the honor being based on new busi-
ness records, Thomas P. Morgan, jr.,
manager, announced today.
Mr. Primm is a former president
of the District Life Underwriters
Association, graduate of Georgetown
University, chairman of the board
Of trustees of the Calvary Baptist
Church, and vice president of the
Central High School Alumni As
sociation. He has been with the
company since 1924.
Woman Rroker Hopored
William Perry. president of the
National Security Dealers AsSocia-
ton, has appointed the following
Membership Committee for the COM
ing year; it was announced here
today
John C. Hecht. Los Angeles, CHAIR
man; w. P. Macpherson, Dallas:
Paul Frederick. Nashville; Oliver
Coshia, Toledo: j. F. Tegeler, ST.
Louis, and Mrs. Ora M Ferguson of
Merrill Lynch. Pierce, Fenner &
Beane. Louisville.
TOday's Trading on Exchange.
Washington Gas Light IS pre-
ferred opened trading on the Wash
ington Stock Exchange today. SELL
ing at 991a, up y. Later it sold
at 1914. Seventy-five shares Of
Washington Gas common came out
at 1874, of half point from last
week
Thirty shares OF Mergenthaler
Linotype came out at 35, against
recent sales at 1914. Railway a.
Electric preferred moved at liz,
OF from recent sales at 1871.
Installment Loans Lower.
The Federal Reserve Board re-
ports that consumer installment
loans held by industrial banks, per.
sonal finance companies and credit