Evening star., 1942-01-04
Exchange Sales
Nearly Doubled
Here in 1941
Volume in December
About Five Times
TotoI Year Ago
By EDWARD c. STONE.

lIdulllS Ill SbOCho LloVSu Oli G1iS
Washington Stock Exchange during
the full year 194l was nearly double
the volume of 1910. the completed
summary reveals. while business In
December alone was about five times
better than year ago and also the
most active for that month in the
past 10 years. The total volume OF
bond transactions was not up to
1910.
The total turnover in stocks
reached 37,2621a shares, against only
20,974 shares a year ago. Washing
ton Gas common led in volume, with
1925 shares changing hands. Cap
ital Transit came next with 1901
shares in the trading, while Mergen-
thaler Linotype returned to popu-
larity after many years, with sales
totaling 6,678. Garfinckel common
experienced a turnover of 1904
shares. against only 145 in 1910.
Washington Gas preferred also
was a leader. Other utilities were in
good demand. Bank stocks were
much more active than year ago
at firm prices, with National Saw
ings & Trust taking the lead in VOL
ume, 461 shares. Fire and title in
surance stocks were again strong,
while the miscellaneous list drew q
lot of attention. Selling and SWITCH
ing at the year end, for tax pur-
poses, caused many sensational trad
ing sessions, with 1O0-share lots fea-
turing the market.
Trading in bonds totaled $368. 500,
against a dollar volume of $500. 500
IN 1910. Trading in Capital Trac-
ton IS, which led the market
amounted to $226,0OO, against 1888,
O000 in 1910, chief reason for the
years letdown. Bonds ended the
year at or close to their best prices
and every issue on the list was far
above par, rejecting the investment
standing OF the Washington Ex-
change.
Fleming on Advisory Council.
Robert V. Fleming, president of
the Riggs National Bank, has been
appointed a member of the Federal
Advisory Council to represent the
banks of the fifth Federal Reserve
district, 1t was announced yester-
day by the Federal Reserve Bank
OF Richmond. The appointment Is
for one year.
Mr.. Fleming succeeds Robert M
Hanes, president of the Vachovia
Bank & Trust Co., Winston Salem
N. c. The Federal Reserve Advisory
Council is a very important adjunct
to the Board of Governors of the
Federal Reserve System, holding
frequent meetings with the full
board in Washington for considera-
ton of vital banking and business
problems.
While Of extreme Importance,
most of the sessions are executive.
The views of the II members of the
council have marked influence on
the policies of the Federal Reserve
System. Bankers consider member
ship in the council a very high
honor. Choice of Mr. Fleming to
represent the fifth district is highly
pleasing to Washington financiers.
Cook Names Banquet Aides.
Over 600 members and guests are
expected to attend the annual BAN
ouet Of the District of Columbia
Building and Loan League on Sat-
urdav. January 81. according to
NTe~tin A. Cook. general chairman
The Msvfower Hotel, as in previous
yes. will he the scene of the affair
Tcrscrnel of the general banquet
ccro mittee was announced Yesterday
by Mr. Cook who has again chosen
Rudolph w. Santelmann to serve
as vice chairman. The committee
includes W. S. Hartman Fred A
Smith, c. Clinton James, Robert E
Buckley, F. Wilson Camp. Carl J
Bergmann. Williem H. Dyer. Odel
S. Smith. Edward K Jones. Schuv-
Ter S. Svmons. J. Fawlnv Smith, c
Hayward Marshall, William "
Payne, ir, A. NJ. McLachlen, Howard
S. Gott. C. E. Kefauver, w. H
Blanz, Edward L. McAleer, Edward
C. Baltz, Robert E. Hotze, Arthur
G.. Bishop, George NJ. Emmerich
Chaplin b Bauman, E. J. Carlson
Joseph T. Fitzgerald, James M
Woodward, M. T. Dixon, James M
Rountree.
Robert E. Buckley, president Of
National Permanent Building AS
sociation, has been named chairman
OF the Reception Committee.
MacLennan Made Firm Partner.
Colin MacLennan. manager of the
WASHINGTON office of R. G. Rankin
& Co., New York and Chicago pub
lie accountants, has been admitted
to partnership in the firm. it was
announced here yesterday. The new
partner came to Washington five
years ago from New York. For two
years he was lecturer in account
ing at National University. The Of
flee is in the American Security
Building.
wilkins Dividends Declared.
Directors of the John H. Wilkins
Co., coffee and tea merchants, have
declared 4 per cent semi-annual
dividend on the outstanding pre-
ferred stock and a dividend of 81 sc
per share on the common stock both
payable on January Is. President
John H. wilkins announced yester-
day.
Taliaferro to Push Bonds.
Sidney F. Taliaferro, one of the
vice presidents of the District Bank
e~s' Association and an officer of the
Tiggs National Bank. will speak on
Gofen~n bonds over Station VOL at
f:15 Wednesday evening This is
?-~H'Ger in the series of broadcasts
+" We "Hi0oton bankers in the cam
r~1 to Increase the sale of bonds
el3 r..cmrs.
z" ling on d. C. Exchange.
On the Washington Stock Ex-
chance Yesterday two 81 900 trans.
ferS in Capital Traction IS, at 1O3
were recorded The price was the
scme as in other recent sales. The
market closed with 103A bid ano
1882 asked.
A long list OF year-end dividends
had just been paid. Security Storage
and American Telephone are being
quoted ex-dividend, payments being