Evening star., 1943-02-16
January Bond Sales
AfSm,371,122 Mark
In Fifth District
s610,422, 100 Worth
Sold Since Sturt of
Drive in Moy, lo4l
Ry EDWARD c. STONE.


district in January scored another
brilliant monthly record. it was
learned from the Reserve Bank of
Richmond today. Sales of E. F and
G United States savings bonds, out
side Of post offices and some other
Government agencies. totaled $685.
371,l22, at the issue price.
War bond sales in this district
since the drive started in May, l941,
have now reached the impressive
total of S6l0, ,422 ,19050. During jan
uary 704982 bonds were purchased
by residents Of the fifth district, who
have bought 6,022 ,341 pieces" since
the campaign was launched.
Maryland residents were heavy
War bond buyers in January, taking
Sl4,555 ,922 of the three issues. The
January report brought Maryland's
total during the whole campaign
to Sl47,921 ,94225.
Virginia made an especially good
January record sales in the three
issues amounting to $17706,55l. Vir-
ginia's total sales of these bonds
have now reached s155, 5,353,548.25.
Sales III Washington in January,
as reported by the reserve bank,
totaled $6,7381l2, without post office
and other sales. Total sales are now
we'll above $4,000 100000 mark, the
report shows.
January Gas Sales Mount.
Starting 1913 with another sub
Stantial monthly gain, sales of the
Washington Gas Light Co. scored
an advance of 873 per cent over
January, 1942, company officials an
nounCed today
January sales totaled 2,202,131
m.cf. Thousand cubic feet) as COM
pared with 2,025,36 in January
year ago, an increase of 176,764 mcf.
and another all-time peak for the
opening month of the year.
Today's report was the first since
the annual statement revealed a
gain of 16 per cent in 1912 over 194l.
The December gain was one of the
largest of the year, 1915 per cent.
Phenomenal wartime demands
pushed gas sales in 1912 up to 49,
931 TIT m.Cf, an increase of 2,354,-
534 mcf
Money Circulation Steps Up.
Explaining the long and steady
rise in money in circulation, espe-
cially since the war started, Stand
ard & Poor's Review says the chief
reasons include:
| The booming war economy, with
resultant larger payrolls and con-
sumner expenditures; movement Of
| workers from one area to another;
increased need for coins because of
imposition Of sales taxes and greater
use of coin-vending machines; larger
amounts of till cash held by banks:
heavier volume of boarding, and
accumulation of cash in antioipa-
ton Of income tax requirements.
The rise is expected to continue
as long as the war lasts.
Check Cashing Business Slow.
Business was quieter than usual
in Washington banks yesterday, the
first day on which Government
checks could be cashed in any
bank in the city, without the holder
having an account in the bank
where the check was presented.
The slow opening of the new plan
was laid to the weather by bank
officials. There were not half as
many people on the streets as usual
which naturally hit the banking
business. The 18th is usually one
of the busiest days of the month,
many banks keeping late hours to
handle the extra work and render
service to those tied up during regu-
lar hours. -
Galley at Takoma Park.
Albert S. Galley, vice president OF
the Lincoln National Bank, now i'll
with pneumonia, has been moved
from the Leland Memorial Hospital
at Roverdale to the Washington
Sanitarium at Takoma Park, which
is much nearer to his home. When
he was taken i'll the hospital was
full. His condition was reported to-
day as favorable.
| A. L. M. Virgins, chairman of the
Legislative Committee of the Amer
lean Bankers Association, has re-
| quested all the banks in the country
to furnish data on competitive prac-
tees, bank funds available, interest
rates and other facts, to be pre-
sented to Senator Byrd's Committee
on Essential Government Ex-
| penditures.
ID. c. Exchange Very Active.
Lanston Monotype opened trad
ing on the Washington Stock Ex-
change today, selling at 30. This
was the first time the stock has ap-
| peared in the trading this year and
was new high, as the last sale last
year was made at 28.
| Riggs National Bank preferred
registered 36-share sale at 1929,
first sale this year and new high,
while Riggs common came out at
252, a gain of two full points and
a new 1943 high mark.
| Washington Loan & Trust Co.
stock moved at 200, unchanged.
Mergenthaler Linotype recorded a
| 50-share sale at 4015.
| Real Estate Title Insurance Co.
stock appeared on the board today
at 15018, up ls from the last sale.
Directors of Woodward & Lothrop
have declared a regular quarterly
dividend of so cents per share on
the common stock, payable March
20 to stockholders of record March
IT; also the regular quarterly pay
ment of SITS per share on the pre-
ferred stock, payment and record
dates being the same as on the