Evening star., 1930-09-10

r-- Francisco. -s - 90
.srrnst arsres preliminary; the month
tss g business DAYS this year and n last
& wiil be seen that the Richmond
sssSt-ict made the best showing OF any
Of tFae districts except New York. The
A.se71st drop pin sales was the same IN
tEl1ge tE.o districts. For the eight
.,0nth period New York sales were the
sS-e as last year instead OF per cent
of. Is was the case in this district.
gales IN this territory in August were
better than in Boston. Philadelphia,
CleEel2nd. Atlanta, Chicago, s.. LOUIS,
Minneapolis, Kansas City, Dallas ana
San Francisco. And the same can oe
gaid for the eight months.
Furthermore. Washington the other
stores in the Richmond area made a D
Der cent better showing than the Aug
ilst sales average for all the districts
and a per cent better average tnan
the aggregate record for all the districts
In the first eight months Of 1880.
Chiun,an Returns From Maine.
G. Bowie Chapman. resident partner
of Hartman 1S Co., has returned 70
washington after 10 weeks vacation
passed at his Summer home at Castine,
Me. Mr.. Chapman made the return trip
aboard his yacht, being accompanied by
Jesse. L. Suter, also a member OF the
staff of Hartman & Co, and reports
a delightful Summer in the Pine Tree
State. He is a director in the Inter-
national Mercantile Marine Corp. ana
in the Van Camp Packing Co., Indian
apolis, Ind.
Capital Traction Stock Stronger.
Capital Traction was stronger on the
Washington Stock Exchange today. II
opened at 81 and closed an eighth
higher on a 70-share turnover. Carpet
Corporation stock was again very active,
22o shares changing hands during the
session. closing at 2412. Thtrty-five
shares of Potomac Electric Power 51a
per cent preferred moved at 10S, and
90 shares of Merchants Bank & Trust
Co stock came out at 125. Capital
Traction SIS led the bond market.
Southern Corp Officers.
At the annual meeting Of Southern
Corporation, held at their Offices in the
Shoreham Building, the following OFF,
GERS were elected: Herbert j. Adair,
president; Edward S. Perot, jr., vice
president; Edgar N. Snow, secretary,
and John A. NJ. Adair, treasurer.
Directors for the new year are as fol-
lows: Herbert J. Adair. Edward s. Perot,
John w. Hanes, Richard S. Reynolds
and Clarence K Reynolds of New York
City: Wallace Lanahan, w. Darlington
Stettinius and j. Edward Johnston OF
Baltimore, Md, and Robert M. Hanes
of Winston-Salem, N. G.
Insurance Men to Open Season.
The District of Columbia Life Under
writer's Association starts the Fall
luncheon season tomorrow at the Hay
Adams House The guest speaker VIII
be Edward M Johnston of Syracuse
N Y The association is launching an
advertising campaign and this will re-
receive special attention at the meeting
tomorrow Several members of the as
sociation are planning to attend the ma
tional convention in Toronto and the
latest plans for this meeting will also
be reported. John H. Snyder is presi.
dent of the local association this year
and will preside at the opening meet
ing.
Cleaned in Financial District.
Edward ]. McQuade, vice president o
the Liberty National Bank, Is back a
his desk after trip to the West Coast
He went by way of the Panama Cana
and returned through Yellowstone Park
Charles D. Ratcliffe. vice president o
the Mtlnsey Trust Co., leaves here at tn
end of the week on his vacation, mos
of which he will spend at Atlantic City
The Federal Reserve Board announce!
that the Federal Reserve Bank of Dalla
has established a rediscount rat o
3ls per cent on all classes of paper o
all maturities, effective September
The former rate was per cent.
G. c. Murphy Co declared regula
quarterly dividend Of 50 on preferred
4 payable October to stock of recor,
IA September %.
Secretary Mellon yesterday called 70
the redemption of more than 81 600,
100000 in outstanding Treasury note
bearing az per cent interest when
became apparent that the latest Treas
ury offering Of certificates bearing onl