Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-10
A. & ?. SALES SHOW.
GAIN IN September.
Nine Month Business Also
Increases-Another Big
Thrift Drive Planned.
By EDWARD c. STONE.

a
$50, establishing a new high record for
the month. This compares with $751;
245,845 for the corresponding period OF
1929 and is an increase of $1,776,813, or
2.36 per cent. In a statement issued
with the report the company said:
1.-THE physical volume of business In
Dictated in the company's tonnage fig
ures for September, 1890, shows per-
centage Of increase greater than that
of the dollar sales because. of the de-
cline in commodity prices. The average
price per ton of goods sold in our stores
during September, 1880, was S203.43,
whereas IN September, 1929, it was
consumers received 10 per cent more
food for q dollar than they received a
year ago"
Sales for the first nine months of the
year ended September 80 were $780,
1853, 800, compared with $3.50 GAS, Asst for
the first nine months of 1929, gain
Of 6.55 per cent
Another Thrift Week Planned.
Thrift leaders in banking circles,
building and loan fields and representa-
tives of the mutual savings banks will
meet at the Bankers Club, New York,
october 81 to discuss preliminary plans
for the general observance Of National
Thrift week, January 17-23. Adolph
Lewisohn, chairman of, the national
drive since its origin in 1917, will be
the host. Leaders from the various
banking groups have been invited.
Officers OF the National Thrift Com
mittee of the Y. M. C. A., which spon-
sors the Thrift week movement, are
more than pleased with the excellent
educational work done last season. The
and the financial press also comes In
for praise.
Growing interest among financial
leaders and thrift agencies Is being
manifested in the 1881 program for
National Thrift week. National Thrift
day will occur January II. Benjamin
Franklin's birthday anniversary, on
which day banks, trust companies, saw
ings banks and public schools where
this day as their special part of the
week" Last season trust companies
in 20 States made some observance of
National Thrift week, in many cases
cooperating with the life insurance in
terests in emphasizing life insurance
trusts asa means of building an estate.
Suspension Stirs District.
The local financial district VS. greatly
surprised by the suspension of Prince
81 Whitley by the New York Stock
Exchange for insolvency. The Offices In
the Washington Building were closed
and members of the brokerage staff
had no information other than what
was sent out from New York yesterday.
The present elaborate Offices in this
city were opened some six months ago.
B. A. Smith being the manager. The
local branch was understood to be
doing satisfactory business, considering
prevailing market conditions, and no
intimation of the difficulties in New
York were received until telegraphic
notice came to close the offices. With
this telegram came statement from
the attorneys that the firms difficulties
appear to be temporary and that there
probably would be no loss to creditors"
While the present branch in this
city was opened this year, the firm had
Offices here about SO years ago. The
first office here was IN the COrcOfan
Building The itirm has been credited
with being the first brokerage house to
telegraph the news of the shooting OF
President Garfield to the New York
stock Exchange. At the opening Of the
present Offices, the telegraph operator
who sent the message half century
ago was among the visitors. n
Difficulties of the firm arose from a
frozen condition which resulted from
attempts to support the market in Sc
curities in which the firm was interest
ed. Prominent among such securi9es
were Brockway Motor Truck, Atlas
Stores and Hahn Department Stores.
Recent declines In these stocks aggra-
waited the firms position, the companys
officials in New York explained.
ID. c. Exchange Active Today,
Trading was broad and active on the
Cfoak ExQhQn0n ef0daV
bonds against getting their full share OF
washington Gas SIS, series "A, figured
IN four $500 sales and $500 sale at
1O2A, followed by five $4,000 sales and
q $500 sale at 103. Washington Gas IS.
series B, recorded SO 900 sale at lO6
and two $4,000 sales at 1862. Railway
& Electric As came out at $685..
The first stock sale was 80 shares OF
Capital Traction, which changed hands
at SAX, new low on the present move
It is the first time this issue had sold
under SIS.
washington Railway g. Electric pre-
ferred came out at 98h, Is shares OF
Lanston sold at 10, while Mergenthaler
1917, and SO shares of Carpet Corpora
ton at % and so more at d. Mer-
chants Transfer & Storage common
registered 103
It was announced by President Wal
son that the local exchange will be
closed next Monday, when the New
York Stock Exchange will also be closed
on account Of Columbus day.
Heard In Financial District.
Albert H. Shillington, assistant secre-
tary of the American Security e. Trust
Co, has been with the bank just 20
years today. He received many hearty
congratulations and a handsome bou-
quet Of flowers. He Is connected with
the real estate department, having gone
to the bank two decades ago from the
Columbia Real Estate & Title Co.
Dr. Bril- e. ShuItZ, educational di-
rector Of the personnel division of the
New York Stock Exchange, will address
the first forum meeting of the season
of Washington Chapter, American In
stitute of Banking, Tuesday evening IN
the Willard room of the Willard Hotel
His address will deal with the opera
tons of the New York Stock Exchange
r. w. Woolworth Co. has declared
the regular quarterly dividend OF SO
cents on the common stock, payable
December to stock Of record Novem-
Der 10.
George A. Garrett, resident partner
of r. B. Keech g. Co., looks for strong
grain market during the coming Winter
and Spring, basing his opinion on the
present Government crop figures on
wheat and corn.
Local broker Offices were damned to
the doors today at the. opening of the
New York stock market. The easier
tone in the market was great relief
after the sharp tumble in stock quota
lions yesterday.