Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-02

spondlng monlh OF Floyd E. Davis.
last year, but the
figures exceeded those OF January TINS
year.
last month the building inspectors
in "a cities issued l,248 permits for new
construction, compared with 1,041 per-
mits for similar work issued in January
1929. and 1874 permits issued in Febru-
ary, 1928. Estimated valuation figures
for new work last month totaled $S,793,-
564, compared with $8009,124 for jan
uary this year, and $10,586,027 foI
February. 1928. Alteration and repair
permits issued in February, 1929, totaled
l.479, with estimated valuation OF
s1.497,2o1, compared with 1,705 permits
and total valuation of $1.478,727 issued
for alteration and repair work In
February, 1928. Combined valuation
figures last month for all classes Of
work amounted to $l0,29O,845, CON- COM
pared with $9,437,955 in January, 1929
and S12,o64,754 in February, 1928, an
increase of go per cent over January
but a decrease of lat per cent under
the February, 1928. figure.
"Clarksburg and Bluefield, both IN
West Virginia, showed the highest per-
centage gains in February in comparison
with February year ago, but both gains
ington ranks ahead of any other Fifth
were due more to low figures last year
than to high figures this year. Rich
n1ond. with an increase Of 1884 per
cent, probably has the best record OF the
reporting cities for February, although
Baltimore and Washington reported
higher figures. If figures for several
recent months are considered, Wash
ington ranks ahead of any other NTH
district city in construction activity al
this time.
Building contracts awarded in the
fifth district in February totaled $34,-
ISL, FOG, including both urban and rural
construction, compared with So, 30l ,23S
awarded in February, 1928, an increase
this year of 536 per cent. OF the Feb
ruary, 1929, total $9,104.771 represented
contracts for residential types OF con-
struction, according to statistics coll
lected by the F. w. Dodge Corporation. q"
Wholesale Trade Uneven.
Seventy-seven wholesalers and job
bers. representing six leading lines OF
trade, sent confidential reports TO the
Federal Reserve Bank of Richmond on
their February business. Dry goods,
shoe and furniture sales in February
were higher than in January of this
wear, but grocery, hardware and drug
sales were less. In comparison with
sales in February, 1928. sales in Feb
rllary this year showed falling on
in every line reported upon, part OF
which was. no doubt, due to the addl-
tional business day in February last
wear. In total sales since January !
this year, all reporting lines show low
er figures than in the first two months
of last year except drugs, which gain
ed 1913 per cent. The decrease IN
groceries was less than l per cent and
is probably due to the shorter time
actually included in the 1929 period.
Stocks of dry goods, shoes and hard
ware increased moderately during Feb
ruary, while grocery stocks declined
very slightly. At the end of February,
1929, stocks Of groceries and shoes were
larger than stocks on the shelves of
the reporting firms year earlier, but
dry goods and hardware stocks were
lower this year.
Collections in February were better
AVN in January in groceries, but were
slower in dry goods, shoes, hardware
and drugs. February collections this
year showed some improvement over
collections in February, 1928, in dry
goods and drugs, but grocery, shoe and
hardware collections last month fell
below those of the earlier year.
Lincoln National 80 Years Old.
The Lincoln National Bank has just
passed its thirty-ninth birthday. The
bank first opened its doors to the pub
lie in the latter part of March, 1890,
and has been going strong ever since.
In addition to the main bank at Seventh
and D streets northwest. the bank has
for a year maintained branch at
Seventeenth anG H streets northwest.
Floyd e. Davis is president of the
Lincoln Bank and the other officers
include Albert S. Galley, executive vice
president; James A. Soper, vice presi-
dent and cashier; w. NICK. Stowell and
H. T. Offterdinger, vice presidents; j.
Everett Baird, j. Frank Rice, Robert E.
Lee, Richard A. Norris and D. Ham,
mond Wetzel, assistant cashier.
The directors are Stephen NJ. Chase,
Joseph H. Curran. Floyd =; Davis, Al
bert S. Galley, w. w. Griffith, Melvin
G. Hazen. Leroy w. Heron, Peter Lat
terner. H. r. Leary, Howard r. Norton,
Henry T. Offterdinger, George G: Pun
pllrey. Samuel C.. Redman, William D.
Sullivan and Howard L. Wilkins.
Trading Quiet on Exchange.
The recent quiet trading on the
Washington Stock Exchange prevailed
again today, when stocks and bonds
! drew about equal attention.
Railway & Electric preferred sold at
on. 10 shares of National Savings q
Trust Co. stock sold at $780, Columbia
sand 81 Gravel moved at 92la, 20 shares
of Mergenthaler at 1071a and 100 shares
of National Mortgage & Investment
preferred at 534.
Ten shares of Capital Traction came
out at $3.50, the same as yesterday s
selling price. Eight shares OF District
National Bank stock appeared on the
board at 1851 and five shares OF Dis
trict National Securities Co. preferred
came out at 10l II.
In the bond division $4,000 G. q p.
Telephone SIS sold at 99l2. Washing
ton Gas IS, series A, changed hands at
1925 and 1929. The B bonds moved
at i03lz for 5000 bond. Railway q
Electric As sold at 86A. Capital Irac-
tion SIS closed the days trading with q
$500 turnover at 99h.
Heard in Financial District.
I A. Fleming has returned to War1.
ington from Florida, where he spent
the Winter at Hotel Indialantic, al
George J. seay, governor of the
Richmond Federal Reserve Board, i
attending the semi-annual Reserve
Board sessions now being held in Thu
city. :.
j. Philip Pepper, formerly will
Crane, Paris & Co., and later head q
the bond department of Eastman, lii.
Ion g. Co., has become affiliated viii
Southern Securities Corporation, &C.
corairg to announcement made today.
e. j. McQuade, vice president of tn
Liberty National Bank, passed the weel
end at the Chamberlin- Vanderbilt. q
Old Point Comfort, Va, returning K
his Office this morning,
Former Secretary Of Commerce VII
liam G. Redield, became president o
the Brooklyn National Bank Of New
York. when It opened its doors for ths
FIRST time today.