Evening star. [volume] (Washington, D.C.) 1854-1972, 1943-02-08
War Bond and Stamp
Sales al Post Offices .
Drop in January
Buyers Toke 25.955
Bonds, With Volue
Of 1903, 018.75
By EDWARD C. STONE.


a moderate slump following the In
tensive drive in December, postal
ofncials reported today.
The total number Of bonds sold
during the month was 25.955 against
2e,777 in December. the report said.
q difference of 1892 bonds.
The total volume Of bonds sold.
at the issue price. amounted to $685.
0l8.75, as compared with 81 ,022. 0O6.25
In December. This was decline OF
$118,98750 from the preceding
month.
Postal officials said today the drop
in January bond sales was due to
the special sales campaign carried
on during December which made
that month the biggest on record.
Stamp sales in January totaled the
substantial sum OF $498, 457.15 COM
pared with $5l9, 1855 in December,
a difference Of $21, 028 40.
The same explanation applied to
the drop in stamp sales, as the
stamp campaign was pushed extra
hard in December. Many stores
carried Christmas greeting cards
which had pockets for the insertion
Of War stamps, the cards being very
freely used for gift purposes.
New ABA Onces Attractive.
The new ofiices Of the American
Bankers Association in the National
Savings and Trust Building are most
attractive, commodious and Con-
venient. The rooms are on the top
floor.
The suite contains fine ONCE for
D. J. Needham. general counsel OF
the ABA, another tor ]. J. Brott,
assistant counsel, and q very large
room for conferences. There Is an
other room for use of visiting mem
bers Of the ABA and generous space
for the other members Of the WASH
ington staff.
While the ABA main ONCE Is in
New York, the Washington head
quarters are proving more and
more useful. On account Of war
financing and the national War
bond campaign, heads OF the asso-
citation have recently spent an un.
usually large amount Of time In
W0SIlAuBCOIl III COIlSu1tatAOT1 VIVA
Treasury oficials.
Investment Ofyaces Opened.
The investment flrm Of w. II.
Bell & Co. has opened an ONCE In
the Woodward Building. The firm
has had onices in New York and
Philadelphia for years. Louis A.
Startling Is manager Of the Wash
ington ONCE and his associates are
Leonard H. Whitaker and Ralph w.
Shoaf.
Washington banks will send about
Is officers to the midwinter Trust
Conference which opens In New
York tomorrow for q three-day ses-
sion. Government officials will also
attend many of the sessions ct
which problems In trust service
brought about by the war viii bs
considered In detail.
Banks and building and loan asso-
Citations in the Capital will be open
next Friday Lincoln's birthday an-
niversary, but notices In the odlces
Of the New York Stock Exchange
firms state that the, exchange will
be closed. Washtngton's birthday
anniversary, February "a, viii be
generally observed in the financial
district.
Bonds Sales Exceed Quota.
The monthly report by H. L. Rust,
chairman of the District Of Columbia
War Savings Committee, shows that
sales of Series E War Bonds In
January totaled % ,099, AZ, . new
all-time record and exceeding the
quota set by the Treasury by nearly
$500 600. The previous record Was
made in December, when sales hers
reached $7,771 900. >
Chairman Rust stated that sales In,
January brought the total purchases
by private, Federal, District and
other Washington residents during
the past IA months to 500, 900, 00O.
monthly average Of well over
$1,000, 900. e-
The War Stamp Album drive IN
January had an appreciate effect
on bond sales, Mr.. Rust added. The
reports indicate q 80 per cent In
crease In the cash value Of stamp
books converted in to bonds, he said.
Tens of thousands of the books were
converted during the month.
Chain Stores Report Sales.
Sales of Safeway Stores. Inc, for
the four weeks ended January 30,
totaled $43, 451 ,39l, q decrease Of 5
per cent from the like period year
ago. Sales for the month ended
January were per cent ahead Of
the same period year earlier. On
January 30 there were 2,526 stores In
operation against 1894 year earlier.
today's report stated.
Sales Of r. w. Woolworth Co. for
January amounted to $40 ,639, lit, an
increase of As per cent over JAM,
uary, 1912. e
Sales Of j. j. Newberry Co. for
January totaled $5,203, 1852, an up
turn Of 1877 per cent over January,
a year ago.
Mergenthaler in Demand.
Mergenthaler Linotype was In good
demand on the Washington Stock
Exchange today, when so, 10 and 8
share lots sold at 40, the new high
mark reached recently. -
Anacostia e. Potomac Railroad 50
appeared on the board for the first,
time this year, $4,000 changing
hands at 1861, same as the last
sale in 1912.
Members of the exchange are
much pleased over the advances,
scored In prices 50 far this year.
Stocks have keep pace with the upS1
ward movement on the New York,
Stock Exchange, while every bond
In the list Is now quoted far above
par. =,
Among the unlisted securities.
Washington Railway d Electric,
Units closed last week with 14h bid
and Is asked. Dealers In over -the.2
counter issues say these units havS
recently attracted lot more atteu.
ton in the financial district. -,
------------------ 100
Foreign Exchange -. -
NEW WORK Peh fp-Yats fn-stsu Z,