Evening star., 1943-10-05

u uIN It,-b,) 100 - D
August 2l2.932 l89,5O5
September - 239 932 2l7679
Today's statement follows reports
Of sharp increases in September
bank clearneS and also IN revenues
at the City Post Office. Both
these business ndiccS set new rec
ords for the month and the nine
months.
Smaller Bonds Appear Soon.
The Federal Reserve Bank of
Richmond gIves this information
about the reduced size of series f
War SAVINGS bonds
The Treasury Department has
announced It's intention to reduce
the size of United States War say?
ingS bonds Of series f to approNi-
matclv 7. by a. inches. or about
the size Of the present bond folded
once from the top to bottom
There VIII be no change IN the
terms OF the pond OF its DESIGNATION.
The purpose OF the reduction IN size
is to conserve labor. paper and other
materials, and il Is estimated that
{ saving Of about 81 100000 a wear III
paper and production costs alone
viii be realized on the basis Of sales
Of series L bond, dlUN2 the year
ended Jun 90, 1913
II is expected that The smaller
bond Will be available III about a
month depending Oh lno rate at
which supplies Of the present size
bond are cXhaU>tcc
Real Estate Bonds Climb
For the 18th consecutive month
the average price OF 200 real estate
bonds in Eastern cIucs rose III Sep
tembcr, the gam being - per cent.
according 10 the Amctt Baker index
The ycar-to-ddto gain NOW stands
st 20 ner cent and on September
80 the average price nor 81 600 bond
was 1896 coMDdred with S39l IN AL
gust and 1880 year AGO
Hotel issues continued a. the
leaders, the September gam being
10 per cent and the nine-month
advance 293 per cent. Apartment
hotel securities stood next in the
list. Office building Issues were up
II per cent in September.
Hotel and thcatcr groups are nov
selling above their high marks for
the past 10 wears, the report SAID.
Stephenson Luncheon Guest.
Gilbert T. Stephenson. cuccror of
frUS' research for The American
Bankers AsS0Cla ION. VIII be honor
cues of the tiduclames section Of
District Bankers Association. Thurs
day noon at the MayAoWer Hotel
Il was announced TooaH.
Mr.. Stephenson VIII be IN the CITY
Tor conference with .ru~t COM
pan~ officials The luncheon plo-
gram viii be informal but VIII eIvc
trusf mon z fine opportunity 10 20,
the latest developments in nc trust
field
AS dnccor OF ABA tru>, research
end instructor at the Graduate
School Of Banking Ruc2er. I'M
Norsl,y Nj Stephenson ls Ma
uon-Wide authority on corporate
trust Problems
Insurance Men in Chicago
Several Washington Insurance
men are IN Chicago to attoud the
American Life Convention which
opened annual session, toGav.
Among the speakers on the pro-
gram We're w. A Patterson nro,l-
dent Of United Alr!Mcs. +. w. Hub
bard, president Of the Equitable Lite
Of DoS MONIES. and l. Douglas Mere
r''th. vice president of the National
Life of Vermont
Nj. Meredith. ono of the first
speakers. reviewed types Of invest
mentS such as corporate and munich
pal issues. stocks preferred and
common. and rcfinanccd loans. as
sertnc that Federal Housing Ad-
ministratioN insured loans offer
most attractive outlet for the III
restmcnt Of funds al this time
Railroads. should be permitted to
place themselves III position to co
after the war the maintenance and
repair work which cannot be done
now because of inability to get ma
terials and labor, R V. Fletcher. of
Washington vice president of the
Association OF American Railroads.
told the convention.
Capital Exchange Strong.
The depressing effects of the
TreaSury'S tax proposals on the New
York Stock Exchange were not
shared on the Washington board
today's market being strong and
active
Capital Traction IS appeared at
l051. on $4,000 transfer, up frac-
tlnoally from the last sale.
Mergcnthaler Linotype opened at
Is ,, went to ,, and closed at asa.
the days turnover being 50 shares.
One hundred shares of Washington
Gas common moved at 22l, and
Columbia Title Insurance stock came
out at II, unchanged.
Bankers Seek Treasury Issues.
Bankers were deeply interested in
the Treasury financing plans an
nouced this morning. which are
outlined elsewhere in todayS Star
With the banks jammed with cash
they Will be generous buyers Of both
issues, officials said
The Richmond Reserve District
banks subscribed for S26 6.395 600 OF
the 9l-day Treasury bills dated OC-
tober and were allowed $24.887 .O0C
Of this amount.
Administrator OF the FLA Abnel
II. Ferguson announces that about
half billion Of unused authorized
funds under Title II of the National
Housing Act is still available, enough
to finance the construction of al
least 100000 houses"
The best way to root for victory
&c IN lir lo,, ;,,to -