Evening star., 1943-11-12
Sharp Gain Reported
In War Bond Sales
To individuals
BY EDWARD C. STONE.

sCltut1OnS OF the NTH FeQeral Re.
serve district made a far better
showing in the Third War Loar
drive than in the second, the Rich.
mond Bank reported in its Oc.
tober review just received here.
Purchases of Government securi-
ties by investors other than COM
mercial banks in the third drive
totaled $972, 2,174, 900, or 5.13 per cent
of all such sales in the United
States, while nonbanking investors
bought $596, ,754, 900 of such securi-
ties ir the second drive, which was
Ats per cent of all sales in the
United States.
The $18,943, 100000 raised in the
United States in the third drive was
SOB per cent higher than in the
second drive, whereas the $972, ,000,-
900 raised in the fifth district was
62.9 per cent higher. The fifth dis
trict exceeded the third loan quota
by BAL per cent, while the United
States exceeded the national quota
by only 26.2 per cent.
Third War Loan quotas for the
Nation were increased by 875 per
cent from the second loan quotas
while fifth district quotas were in
creased by 1911 per cent.
Corporation Sales Soar.
Sales to individuals, partnerships
and personal trusts in the fifth dis
trict, plus the West Virginia pam
handle, amounted to $4,000, 900
the review says, which was 48 per
cent higher than the quota. Sales
to corporations, associations and
other investors amounted to $685.
600, 1000, which was rs per cent above
quota.
The per cent Treasury bonds
were in the vanguard of popularity
in this district In fact, it was the
demand for these bonds that was
primarily responsible for the fifth
districts better showing than that
of the country as whole, the
analysis says.
Savings bond sales aggregated
$214011 900 for the three series,
and 22.l per cent of all Third War
Loan sales. This compares with
236 per cent established for the
E, F and G series in the second
loan The series E bonds we're
larger percentage of total sales in
the third loan than in the Sec
ond drive, but lower percentages
were recorded for both F and G.
series.
Labor Situation Stringent.
The Richmond Bank says the
labor situation is becoming more
and more acute in some cities.
Crops are being harvested success
fully.
September department store sales
were exceeded in only four other
months, all during the present year.
Wholesale trade, however, is trend
ing downward, with hardware and
shoes under last year. Sales of five
leading lines were II per cent better
than in 1912.
Building permits in the District
OF Columbia in September totaled
s1,190,529, against $2,831,885 year
ago. Fifth district permits totaled
$2,712,875, compared with $685.
500, and in the nine months totaled
$35, ,456,s3O VS.. s7o,5O4,992 in the like
1912 period.
Retail furniture sales in Wash
ington in September were off II
per cent from September, 1912, and
down IS per cent in the nine
months.
Linotype Nets S8.62 a Share.
Net income of the Mergenthaler
Linotype Co. for the year ended
September 30 amounted to s2,033,178,
or s662 per share, compared with
$1,472, 1913, or S625 share, in 1912
and s1,387,650, or $3.50 a share, in
1941, according to the annual report
received in the financial district. It
was the best report in many years.
Production exceeded by about 100
per cent any other year in the COM
pany's history. The company con-
tinued to manufacture for the Gov
ernment an increasing number of
high precision instruments and sales
of linotypes and linotype equipment
was larger than the firm expected
at the beginning of the year. Net
sales amounted to S26,943,837. Taxes
approximated S22 a share
Current assets on September 30
were $23,910,279, including S2,637 1882
cash; S8,19O,374 marketable securi-
ties and s7,O57931 inventory, COM
pared with s5,684,l56 current liabili-
ties. Dividends totaling $3.50 have
been declared SO far this year.
Mergenthaler is listed on the Wash
ington Stock Exchange, last sale
at 48H.
~ First Dividend on "B" Stock.
A., Directors of the District National
Securities Corp. have declared
dividend of 50 per share on the Glass
"A" preferred stock and ST per share
on the Glass "B" preferred stock,
both payable December l to share
holders of record November Is, Capt.
Chester Wells, president, has an
bounced.
The company paid 50 on the Glass
"A" stock in June and December, but
this is the first payment on the "B"
stock since the corporation was re-
last year.
~ Christmas Club Funds Due.
q Officers of the East Washington
Savings Bank and of the Industrial
Bank will pay their Christmas saw
engs club funds to patrons early in
December, it was announced today.
They are the only banks in the city
now maintaining these clubs.
Herbert F. Rawl. president of
Christmas Club Corp, estimates
that nationally about $4,000 900
will be paid to approximately T.
SEQ, 1000 depositors next month.
=. Croft Votes First Dividend.
. The Croft Brewing Co. has de-
clared an initial dividend of S cents
per share. payable December 10 to
stock of record December l, it was
announced today. A good deal of
stock is held here as the company
was originally financed by Merrill
Lynch, Pierce, Fenner g. Beane,
johnson, Lemon g. Co. and associ-
ated dealers.