Evening star., 1943-09-08


den City, Kans; while Charles w
Green, Franklin Square National
Bank, Franklin Square, N. Y, will
consider Making Savers of Pros
pective Home Owners"
w. w. Slocum, Detroit bank
president, will be in the chair, there
will be questions and answers hour
and officers will be elected. Wash
tngton bankers are looking forward
to the session.
Building Contracts Mount.
The total valuation of all con-
struction in Eastern Pennsylvania
Southern New Jersey, Delaware
Maryland, Virginia and the District
of Columbia during July was $16,-
339, 900 over the June total, acord-
ing to a statement by j. T. Little,
district manager of Dodge Reports.
The July total for this area was
s42,543,0o0, compared to the June
total of s26,204, 900, figures being
based on contracts.
Gains were registered in all fields
OF construction. Residential build
Ing jumped from s11, 1854 900 in June
to $I6,804, 900 in July, Included in
this category are barracks and hous-
Ing for war workers.
Non-residential cons tru C ton,
which includes plants that are man.
ufacturing the implements of war,
increased from s8,390,000 to sl8,-
100000.
Brokers Present Bond Facts.
The Washington Office of Merrill
Lynch. Pierce, Fenner & Beane has
available to the general public a
pamphlet giving a most exhaustive
summary of the facts pertaining to
the third war loan securities. The
stock exchange firm had 10000
copies printed for distribution among
customers and others.
Yields, maturity dates, denomina-
tons. conversion regulations, re-
demption rules, cash values, where
they can be bought and who can
buy them are only a few of the facts
presented The amount of money
needed for carrying on the war is
also summarized in an impressive
manner.
Real Estate Bonds Higher.
Prices of 200 real estate bonds, in
Guiding several Washington issues,
rose l per cent in August, according
to the Amott- Baker bond averages,
The 14th month in which gains have
been registered. The year to date
gain has been 1874 per cent, today S
report said.
Bonds in the miscellaneous group
rose u per cent in August and 14.2
per cent in the eight months. Hotel
property issues scored the best gains
both in August and in the longer
period. The average price of $1,000
bond is now 1891. compared with 1880
at the beginning of the year.
Crowley on Bank Program.
Leo T. Crowley, head of the Office
of Economic Warfare and chairman
of the Federal Deposit Insurance
Corp, will address the 50th annual
convention of the New York State
Savings Bank Association, at Lake
Placid next week.
@. Bowie Chapman of the Wash
ington Office of Laidlaw a. Co, has
returned from two-month vacation
at Ventnor, near Atlantic City, N J
Lerner Stores earned S3.14 per
share in the common stock in the
first six months of the year, against
sl.88 a year ago.
Mcclellan Stores Co. sales in August
we're ST per cent ahead of the same
month a year ago.
Capital Transit Higher.
Capital Transit stock was strons
on the Washington Stock Exchange
again today. 43 shares changing
hands at 301a. up "a, from yester.
days close. The final bid was 30h
With 81 asked.
The usual noon rush to the bro.
serage houses was greatly augment.
ed today following the news Ital,
had surrendered. Brokers were ais,
swamped with phone calls on tn,
trend Of the market.
The investment and brokera es
houses, under leadership of l.. Clarl
Brown. chairman, have completed
all plans for pressing the Third Wa,
Loan drive In every way possible
Leaders met yesterday.
The Bureau of Printing and En-
craving is getting 100000 900 bond
ready for the drive. Director Alvi,
Hall reports marked progress on tn
new s25 bonds which will be jus
half the size OF the present bonds.