Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-09

amounts 10 81, 200
900. Other reports -
indicate slight Joshua Evans, Jr.
improvement in the
employed situation and most OF the
industrial news is proving more OPP
timistic. while the fine weather is per-
hitting the continuance OF highway
construction which means so much 10
hundreds of workers.
Business conditions in the Atlanta
Reserve district are also reported as
considerably better. Both department.
store sales and construction nave re-
Gently increased, while Georgia is soon
to give out contracts for road work
which will keep a very large force OF
men busy until March. Merchants are
putting in large stocks Of holiday GOODS.
Business Sentiment Toned Up.
In its current summary of business
the District National Bank said To-Day
that the month of october was marked
q. nv a substantial toning up of business
sentiment. and there are some EVIL
dences of actual business improvement.
The panicky feeling which has pre-
vailed during September and October
and which resulted in boarding and
increasing pressure on the weaker BANKS
appears to have been checked, at least
in substantial part. The plan lot a
the banking structure mas met WIN e@-
cellent response.
In the international field the out
standing factor has been the with
drawal of foreign bank deposits In the
United States, resulting in an outflow
of gold of over $3.50 100000. There is
no real concern, however, on the part
of high banking authorities over the
maintenance of the value OF the dollar
for the resources available are ample
to meet any demands that might con-
ceivably be made. Meanwhile the agree
rnent reached between the President
of the United States and the premier
of France that the maintenance OF the
gold standard in both France and the
United States is a consideration OF
major importance is of very real signla-
canoe. as is also the agreement that
something further will have to be done
about reparations and interallled oeots.
The outcome of the British electionS Is
also a favorable development OF inter-
national significance, the bank survey
adds.
President Joshua Evans, jr., OF the
District National, was back at his desk
today after his recent operation ana
rapid recovery at George Washington
Hospital.
II
Average yield on the 318 active cash.
dividend paying common stocks listed
on the New York Stock Exchange
amounted to 9.72 per cent on November
. according to the monthly computa-
tion issued by Moody'S Investors Serv-
ice today. This compares with ll.o4
nercent at the end of September and
1904 per cent at the recent low point
of the market on october 5. The cur
rent Weld average is close TO the lSIi
peak of 9.92 per cent and Is ABOUT MD
way between the levels OF Septemoer !
and october l of this year, the analysis
states.
IAN of the AZ individual groups OF
stocks shared the yield decrease regis
tered during october" Moody's COM
ments 'One of the smallest changes
was noted in the case of 18 rails, where
the average return fell from 1906 per
cent to 1859 per cent. Widest changes
were shown by three agriculture! I'M
plement companies with a yie!o oe-
crease from 1859 per cent to 1874 per
cent and IL department stores, whose
composite yield fell from l4.3o per
cent TO 9.64 per cent"
Mr.. Larner Seriously Ill.
The many friends of John B. Larner,
president of the Washington Loan 81
Trust Co, are expressing great regret
over his continued illness and his fall-
ure to make the improvement desired
since his recent return from his country
residence near MifflintoWn, Pa, where
he passed the Summer.
The Secretary of the Treasury gave
notice today that tenders are invited
for Treasury bills TO the amount OF
SIS 900 600, or thereabouts. They Will
be 9l-day bills and will be sold on
Gle n hp highest bidders
Tenders will be received at the Fed
eral Reserve Banks, or the branches
thereof, up to o'clock on FTiady, No
yember l3 Tenders will not be re-
ceived at the Treasury Department.
The Treasury bills will be dated No
vember Is, and will mature on Febru-
ary is, 1882. and on the maturity date
the face amount will be payable with
out interest. They will be issued In
bearer form only. and in amounts OF
denominations of 81 900, $4,000, $780,
600, 100000 and $l,000,000 maturity
value.
TOday's Trading on Exchange.
The weeks trading on the Washing.
ton Stock Exchange started off with g
81 900 Washington Gas Light 6. series
A, selling at 100. Washington Gas 6s
series B. also appeared on the board
two baby bonds changing hands at lo2
There was a small transaction II
Potomac Electric Power 5i2 per cen
preferred at 1917 ?. the same price as or
other recent sales. Three small lots o.
American Security & Trust Co. stool
sold at 800 of from the last previou!
sale.
Secretary Y. E. Booker of the Wash
ington Exchange has sent out the no
tees of the annual meeting. which take
place following the regular trading ses
sion on Wednesday, November 10. A
the annual election Of officers take
place at this time. a full attendance o
all the members is urged.
It is the feeling among the member
of the Exchange that the coming yea
will see greatly increased trading on tn
local board. Business has been goo
this wear considering business and sc
curitv conditions. but a substantial rurl
in volume is expected soon.
Heard in Financial District.
w. w. Keck. assistant treasurer G
the American Security & Trust Co. wi
leave here tomorrow for tWo-Wee
motor trip through the South, Florid
being one of the important obJectiVe
T. Rowland Slingluff has become as
ISOLATED with G. Mp. Murphy d O.
in the stock department OF the nrm
Baltimore office.
Postal receipts for october at so sc
lected cities amounted to $28,6l7 SO
against So. 279, 258 in the correspondent
month last year. a decrease OF II "a pc
cent, as compared with $26,334,654 fo
September this year
October sales of Safeway Stores, Inc
including MacMarr Stores, amounted
S237514T3, a decrease Of So per Ger
from SOS. PAL ,504 for the like month {
1880. Sales for the first 10 months tn
year aggregated 1898, 1853 ,343, decrea'
Of so per cent from the correspondent
period last year.