Evening star., 1943-08-09
Wholesale Volumes
In Fifth District
Well Above 1912
BY EDWARD c. STONE.

Wholesale trade of 242 firms II
June in the Fifth District, which
includes Washington. was 10 pc
cent ahead of June, l942. according
to the latest survey by the Fedora
Reserve Bank of Richmond. AL
:. but two leading lines reported in.
creases which ran from 2 up to A
per cent. The gains over the pre-.
.ceding month this year, however
we're less impressive. indicating
some leveling off in sales. the ad
vance being only per cent.
The demand for dry goods topped
the list with the 40 per cent ad.
vance. Shoes were in 26 per cent
better demand than year ago
automobile supplies, "a; drugs ano
sundries, 10, and groceries, 18.
Sales of tobacco and tobacco
products were up 20 per cent, hard.
ware, 8; paper and paper products
2, and miscellaneous sales by 81
different wholesale firms, per cent
- The two lines in which June sales
were not up to last year were elec.
trical goods, off 10 per cent, and in
"dustrial supplies, in which business
showed 10 per cent slump, the re-
view said.
Hume Takes Exchange Seat.
Thomas L. Hume. head of the in
.vestment firm of Thomas L. Hume &,
sCo.. 9l5 Fifteenth street NV, was
elected to membership at today s
session of the Washington Stock
Exchange. Mr.. Hume takes the seat
held for several years by MS son,
Charles w. Hume, who is now in the
service and recently was in Africa
The other member of the firm is
Thomas L. Hume, jr.
MI. Hume has been at the head of
his own investment concern for A
years, a record held by no other in
'veStment dealer now active in the
Financial district. He is a native
of Washington but comes from an
rold Virginia family.
!. Mr.. Hume has the distinction of
becoming member of the Wash
.ington Stock Exchange for a second
time. He not only held seat many
years ago, but was president of the
exchange at that time
He was president during one of
the most prosperous periods the
exchange has ever enjoyed. Busi-
ness was so good in those days that
seats sold for $4,000 They are now
under $780,
. Mr.. Hume was given most
cordial welcome on his return to
the exchange today.
a., Garfinckel Common Active.
q" Garf1nckel common was very ac-
tive on the Washington Stock Ex-
change today, 240 shares in five diff
terent sales changing hands at 1872,
a new l943 high. The stock closed
with 13 bid and IA asked.
Thirty shares of Washington Gas
Light common also reached a new
1943 mark when it sold at 23Ls. The
previous high was %.
Woodward g. Lothrop common,
which gained points last week by
climbing to 80, sold at 80 again to-
day on 25-share turnover.
Mergenthaler Linotype was strong
at 40, against the high for the year
of so.
War Bond Sales Improve.
Sales of War Savings Bonds at
the City Post Office in July had a
,total value of 1857, ,66250, an i'm
provement over the June total of
ss10,675, officials announced today.
us The number sold in July. 81 ,124,
Fwas not quite as many separate
bonds as in the preceding month
when 2l,439 pieces we're handled.
Sales of War stamps totaled
s293, 100 against the slightly higher
figure of 1924 800 in the previous
month.
Sales of War bonds at the Post
Once in the last two months have
been lower than in the earlier
months of the year, the June in
come tax instalment being given
as one of the main reasons for the
sales let-up.
Moulton on Bank Program.
DR.. Harold G. Moulton, president,
Brookings Institution, will address
the annual meeting of the Savings
Division of the American Bankers
Association in New York on Sep
tember l3, it was announced here
pSNoy. i2C Will ulSSuSS EodNl1lRS ana
Economic Security"
The Wartime Savings Program
Of a Country Bank" will be the
subject of an address by r. N.
Dpwnie, Kansas banker, while
Making Savers of Prospective
Home Owners" will be considered
by Charles w. Green, a New York
State banker.
The general convention is to be
addressed by Robert Henry Brand
OF London, director of Lloyd's Bank.
and chairman Of the North British
d Mercantile Ins. Co., who is now
chairman Of the British Food Mis-
asion in this country,
Loans Total S40,579, 900.
The II insured building and loan
associations in the District made
nome loans totaling $3,307 100 in the
nrst half of l943, against s4,865. TOO
year ago, the Federal Savings and
Loan Insurance Corp. reported to-
oaV. On June 30 home mortgage
loans on the books of the II firms
,totaled $40,579, 900.
= investments in these associations
rose from $50 9591 300 to s43. .736. 100
In the six months. In the half year
fhe same institutions increased their
holdings of Government bonds from
sl,oS0, 400 to SO 522 800.
John A. Reilly, president of the
second National Bank and head of
the Third War Bond Drive in the
District, is taking a short vacation