Evening star., 1943-10-13

August --- 847,835 848.3
September 946,768 1861:
The September advance was 6
turnabout from August when un.
usually hot weather placed sales
slightly behind the August, 1912
total.
Potomac Power Sales Jump.
Kilowatt- sales of the Po-
tomac Electric Power Co. in Septem-
Der scored one of the best monthly
gains of the year, an increase over
September, 1912, of 14.55 per cent
company officials announced today.
Sales reached 121 1,O80,418 kilowatt-
hours, against los 5,696,634 in the
same month last year, an upswing
of l5.383,7S4, the report showed.
Railroads and railways used TO-
966 1894 XVIII. an increase of 1856 1896
or 8.77 per cent At the same time
public street and highway lighting
sales were up All per cent.
Other general sales made the best
advance, totaling 107 7,933239 XVIII
for a percentage gain of 15.4o and a
kilowatt- hour increase of 14,40O,806
Potomac Power sales have re-
vealed substantial gains in every
month so far in 1943, September
adding another alltime peak for
that period.
Striking Bank Gains Listed.
The new edition of Polks Bankers
Encyclopedia covers the condition of
the 14,629 banks throughout the
United States as of June 30, 1943
These parent banks and their 3,794
branches have a capital account of
s8,s98 259 900. deposits of sl0S.444, :
100000, and total resources of Sl17,-
948,587,0OO a large increase over
those of year ago.
Deposits rose over "a billions of
dollars, or % per cent. Total re-
sources also increased over "a bill
lions or 205 per cent. The ratio OF
capital to deposits today is l to IL
Commercial and other loans of
banks have not kept pace with the
growth of deposits. Bank statements
for the midyear showed a smaller
amount of real estate owned, other
than bank premises, than has been
the case for many years.
Banks not only have done a re-
markable job in the sale of War
bonds, but have been leading pur-
ehasers. Holdings of United States
Government securities have more
than doubled in the past year.
Inventory Rules Extended.
Many more merchants in this area
will come under inventory restric-
tions imposed by War Production
Board order L-219 Consumers
Goods Inventory Limitation as a
result of recent amendments to that
order.
The amendment to the order now
requires that any merchant whose
inventory of goods equals $4,000 at
cost or whose sales of consumer
goods were 100000 or more during
his most recent inventory year De
subject to restrictions of the order
Previously, only those merchants
who had both a $4,000 inventory
and annual sales of 100000 came
under the regulation.
Bank Votes Usual Dividend.
Directors of the National Savings
d Trust Co. have declared a divi-
dend of ST per share on the out
standing stock, payable November
to stockholders of record October
%, Bruce Baird, president, an
nounced today, This is the usua,
quarterly distribution.
Reservations indicate a very large
attendance tomorrow at the open
ing luncheon of the year of the
District Life Underwriters Associa
ton at the Willard Hotel, officers
said today. The guest speakers will
be Senator Styles Bridges and Rep
resentative A. L. Goodwin. Many
special guests have been invited.
Mrs. Dorothy Cronan, cashier fol
the John Hancock Mutual Life In
surance Co. general agency here
has returned from visit to the
home Office in Boston, where she
attended special training course
for general agency cashiers.
Student Registration Heavy.
Don B. Thomas, president OF
Chapter 81, American Savings ano
Loan Institute, today reported first
semester enrollmentS ahead of last
year.
The institute is sponsoring two
separate courses, one on savings anc
loan principles under direction ol
Carl II. Ellingson, executive vice
president, First Federal Savings &
Loan Association, and the other or
savings and loan accounting, the
instructor being Henry C. Bennett
administrative assistant to the CHIEF
supervisor, Federal Home Loar
Bank
One group meets in the Firs'
Federal Offices On Wednesdays anc
the other.at Strayer's Business Col
lege ON Tuesdays.
OLeary Takes Research Post.
Paul NJ OLeary, former deputy
price administrator in charge Of
rationing. has become head of the
Washington staff of the Research
Institute Of America, according to
Executive Secretary Leo M. Cherne
The institute. with membership o1
more than $4,000 business organiza-
tions, specializes in the analysis anc
Interpretation of Government regu-
lations and economic trends affect
ing the business community.
Mr.. O'Leary is en- leove of absence
from Cornell University, where he is
professor Of economics.
Transit Stock Rems ins Firm.
Capitol Transit stock sold at 3Ol,
on the washington Stock Exchange
today, on 5o-share turnover, prac-
tically unchanged.
Julius Garfnckel per cent cumu.
lative convertible preferred stock has
been dropped from the exchange
list, as it has been redeemed. Ths
final sale quotation was 27Ia.