Evening star., 1942-05-06
Commercial National
Receiver 10 Make
Final Payment
Dividend Of 100000
Voted by Controller "
To 1000 Claimants
BY EDWARD c. STONE.

dend of 1857 per cent payable t
about H. 900 creditors of the forme
Commercial National Bank who hav
proved their claims, it was learne
today.
Payments will start in the mex
few days, or as soon as the receiver
Harry j. Hall, can get out the notice
to former depositors.
The coming payment makes
total in dividends of 8257 per cent
four previous payments totaling 7
per cent having been made. Th
amount to be disbursed under tn
present dividend will approximate
100000, Receiver Hall said today.
Creditors living in or near Wash
ington will be notified by postal care
when the checks are available fol
delivery and are requested not tt
call for their checks until they have
been so notified. Creditors living il
other localities will be instructed sc
that they may receive their checks
by mail.
Delivery of the checks will be al
the present office of the receiver al
1000 Fourteenth street NV. CFour-
teenth and U streets. Owing to
limited space the check notices will
be mailed in groups in numbers con-
sistent with those who can be served
daily.
Payment will be made only by
check and the receivers office will
remain open daily Mondays through
Saturdays. from am. to 4:30 pm
The period for delivery of checks has
been limited to June 13, and checks
uncalled for by that time will be re-
turned to the controller of the cur
rency for later delivery by that office
These undelivered checks will be
handled only by. mail, Receiver Hall
stated.
Brodesser Heads Southern Diaries.
At a meeting of the stockholders
of Southern Diaries, R. A. Brcdes-
ser was elected president of the
company and reelected member
Of the board
Mr.. Brodesser, formerly vice
president, succeeds E. j. Mather
who becomes chairman of the board
after more than 10 years as presi-
dent.
Charles E. Krey, manager OF the
company's Washington plant, was
elected vice president, and re-
elected to the board.
Wholesale Trade Mounts.
Net sales of 1876 wholesale firms
In the fifth Federal reserve district
in March revealed gains as high as
rs per cent over the like month a
wear ago, according to the Rich
mand Reserve Banks latest review
5ust received here. Wholesale dry
goods sales scored the As per cent
increase. Electrical goods ran Sec
ond with a 40 per cent advance.
The demand for automobile sup
plies held up very well, being 18
per cent better than last year. Shoes
were in 26 per cent better demand,
groceries sales were up "a per cent
and hardware Al per cent. Tobacco
and tobacco products showed a 30
per cent gain, while the sales of 63
miscellaneous firms were 30 per cent
ahead of last year.
! The average gain for all these
lines was 81 per cent. In only one
line, industrial supplies, was there
b drop from last year, and that was
only / per cent, the survey reveals.
Sales in all but two lines were well
ahead of the lively pace set in the
previous month this year. Sales of
electrical goods were unchanged and
auto supplies off l per cent, the re-
port said.
Turning to retail business, the re-
view stated that sales of furniture
in the District of Columbia in March
were So per cent ahead of 1941 and
in the first quarter were up 81 per
cent. In 40 stores in the fifth dis
trict furniture sales were up q per
cent in March and % per cent in
the three months.
Streetcar Traffic Scars.
Capital Transits traffic gains so
far this year are far ahead of the
average for the country, which was
up 20 per cent in the first quarter
Capital Transit reported a traffic
increase in the three months OF AZ
per cent, rise in gross of 43 per
cent and a gain in operating in
come before Federal income taxes
of SO per cent.
According to the American Tran
sit Association traffic jumped rs pei
cent in San Diego in the first quar-
ter, was up 16 per cent in Philadel-
phia, gained 10 per cent in Boston
and about the same in San Fran
cisco.
Baltimore witnessed a traffic in
crease in the same period OF 25 pei
cent, gains in Richmond and Nor
folk were 80 per cent. Savannah wa:
I'D SO per cent and Seattle 81 pei
cent, these and many other COM
parsons revealing Washington close
to the top of the list in traffic ad'
vances.
Perpetual Holds Size Record.
H. F. Cellarius, secretary treas
urer of the United States Savings
and Loan League. announces thai
the Perpetual Building Association
of this city is still the largest aSso'
citation of the kind in the Unitec
States. At the end of December as
sets totaled s54698,864
The league has compiled a lis
of the hundred largest member
which includes eight other building
and loan associations in the Cap
ital. Listed according to assets ar
the American Building Association
National Permanent, First Federal
Washington Permanent, Hyattsvill
Building, Equitable Cooperative
Columbia Federal and Oriental
During the year million-dolla
gains in assets were made by aSso
Citations in the District Of Colum
bia, Maryland and IT other State!
OF the l62 reporting associations Z
climbed into the s5,000,000 grou
last year and 10 crossed the $40,
600 coo mark for the first time.
Today's Trading on Exchange.
The Washington Stock Kxchane
opened today with 100 shares
Capital Transit stock selling at 2
IL ,aN1 oil