Evening star. [volume] (Washington, D.C.) 1854-1972, 1943-01-08
Store Stocks Remain
Il Per Cent Above
Year Ago Here
Orders Show Guin
Of AZ Per cent at
End of November
BY EDWARD C. STONE.

ported IL per cent more goods il
stock at the end of November thar
on the same date a year ago, tn
same percentage as tor the who'll
Fifth District, the Federal Reserv,
Bank of Richmond announced today
Orders for merchandise at the emf
of November were 48 per cent highe
than on November 30, 194l, were 4!
per cent higher in the Fifth Dis
trict, "a per cent in Baltimore ans
81 per cent in Richmond.
On November 80, 1912, receivable
In Washington stores were 80 PEI
cent under the figures a year ago
and were down 80 per cent in thu
Fifth District, 80 per cent in Balti.
more and Is per cent in Richmond
Collections on open accounts II
the Capital made an extra goot
record during November, being 81
per cent of bills due at the beginning
of the month. In the same montf
a year ago, these collections were
only "A per cent of amounts due.
Collections on installments were
81 per cent of receivables due or
the LIST of the month, against 2
per cent for the Fifth District, 81
per cent in Baltimore and 81 PEE
cent in Richmond. A year agt
Washington collections were Is PEI
cent of outstanding bills.
Sales in Capital department stores
In the first IL months of 1912, al
already noted, were 20 per cen
ahead of the preceding year.
Lincoln Service Loans Rise.
Charles Delmar, president OF tn
Lincoln Service Corp, industrial
banking firm, reported substantial
business advances during 1912 Il
his board of directors today.
The corporation loaned $5O8 1926 o:
In December, 1912, as compared with
$489 ,O31.69 in December, 194l, al
increase of $l9,293.33, or per cent
For the year 1912 the corporation
loaned $4,157, 672.56, as compared
with s3,926, 380.O5 in 1941. This il
an increase of 1921, 29251, or gair
of So per cent.
The amount of money loaned II
December and the amount Loaned
for the full year of 1912 were thu
highest in the history of the cor
poration. Collections for the veal
averaged almost the same as fol
1871, showing a decrease of only
03 of / percent, Mr.. Delmar stated
Norris Lauds Railroads.
Ernest E. Norris, president Of the
Southern Railway, says the rail-
roads will come out of the war with
the respect and confidence OF g
grateful people. They will have the
most efficient plant they ever had.
They will have the best-traineo
persehnel in railroad history. They
will have the most effective tech
nioue ever devised for the transpor-
tatiap service of nation.
They will have perfected machin-
cry for cooperation between those
who operate and those who use the
railroads. In other ways, he says
the war is having an effect on the
railroads which guarantees the fu-
ture Of the industry.
Potomac Power Bends Ready.
Definitive Potomac Electric Power
Co. first mortgage 81 per cent bonds
series due 1877, due August l, 1877,
will be available on and after Janu-
airy II, 1913, for exchange for out
standing temporary bonds, at the
Office of the Riggs National Bank,
Washington, or at the option OF the
holder at Bankers Trust Co., is Wall
street. New York.
the financial district today. There
were $5,OOO,000 of the bonds issued
and many were purchased by Wash
ington investors.
They are listed on the Washington
Stock Exchange, the latest bid
standing at 110la, with none for sale.
Sales Conference Announced.
More than 125 members of the
District Life Underwriters Associa-
ton attended the first 1943 luncheon
at the Willard yesterday to hear
the address by James A. Fulton
president of the Home Life 1nsur-
ance Co. of New York, on the future
of life insurance.
George A. Hates, association
president, reported recent rapie
gains in membership. The commit.
tee Is trying to bring the member
ship to 300 this year.
The annual sales conference with
the Baltimore association will bt
held in Washington this year, late
in February, the president stated.
The guest speaker was introduced
by Vernon Holleman, general agen
of his company here. The address
reported yesterday, was highly opti
mistic.
Hemingway Offers Bond Aid.
w. L. Hemingway, president O.
the American Bankers Association
following two day conferences a
the Treasury, said efforts would b.
made by the banks to get the public
to take a greater percentage OF bond!
in the expected April drive.
Greater participation by banker!
and investment dealers in smaller
communities will also be urged
Help to both War savings commit.
tees and Victory fund committee
will be given without stint, he said.
Mr.. Hemingway guessed" tina
Government war borrowing may
total about $3.50 900, 900 900, the peal
to be reached in July, 1945.
Capital Transit at New Peak.
Capital Transit sold at 271s on the
Washington Stock Exchange today
the highest point reached in many
weeks, two small lots changing
hands. The final bid was 271s witt
27ss asked.
Net earnings of the Virginia Elec.
trio g. Power Co. in 1912 amounted
to s3,738,391, against s3,804,6ol II
1941.
w. T. Grant sales in December
were SO per cent higher than in thu
same 1941 month and up 1873 pei
cent for the year.
Foreign Exchange
NEW YORK, jar s lP.--Late foreign