Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-27
GAIN IN BUSINESS
FOR D. c. IS SHOWN
July Retail Sales Were 81
Per Cent Higher Than in
Same 1880 Month.

Further details of retail business in
washington department stores for July,
as compiled by the Statistical Depart
ment OF the Federal Reserve Bank OF
Richmond. substantiate the previous
indications earlier this month that
business is better than elsewhere in the
fifth Federal Reserve district
Extent Of Gain.
In a compilation of data made public
to-day it is shown that July trade in
Washington was better than in July
last year by 81 per cent, whereas busi-
ness generally in the fifth district de-
clined. In cumulative sales since Janu-
airy washington stores lead with a
gain of al per cent, Baltimore taking
second place with a decline OF 4.3 per
cent, compared with Richmond's de-
cline Of 48 per cent
Generally a seasonal decrease in
stocks on hand was reported for July,
and at the end Of the month practically
all stores were carrying considerably
smaller stocks than on July 81, 1880
Washington stores stocks were 10.4 per
cent smaller than on July 81, 1880, and
l0,4 per cent smaller than on June 80,
1881.
The reporting stores turned their
stocks .248 times in July. while Wash
ington stores turned theirs .27l In the
in the whole area have been turned an
average of 2.I48 times, a higher figure
than 1874 times for the corresponding
seven months last year. But Washing
ton stores here turned theirs 2.97 times,
a better record than that for the whole
district. Collections in July in Wash
ington averaged higher than for the
reserve district as a whole, the figure
here standing at 29.9 percentage of
July /, 1881. receivables collected IN
July, as compared to only 26.9 for the
whole area, and as compared with 26.4
per cent Of outstanding receivables coll
lected in July, 1880, for the fifth district.
b. & o. Report.
The Baltimore a. Ohio Railroad shcw-
ed q decrease in net railway operating
income for both July this year. as COM
pared to July, 1890, and for this year to
Date, as compared to the same period in
1880, according to its statement Of earn
ingS and expenses made public today.
Net railway operating income dropped
from $3.649,079 In July, 1880, to $2,-
719,654 in July this year, while for the
first seven months it fell from $21 ,3I1,-
e34 IN 1880 to S14.247.90 in 1881.
The Interstate Commerce Commission
has set September Is the date for
hearing on application of the B. g. o.
to acquire and operate the lines owned
and operated by the Buffalo, Rochester
g. Pittsburgh Railroad, and on the ap-
plication Of the Buffalo, Rochester g.
Pittsburgh to acquire and operate lines
Of the Buffalo g. Susquehanna. Hear
ings win be before Examiner o. d.
Weed.
New Electrical Equipment.
Reviewing its expansion program in
this city, the North American Co. re-
ports as follows:
Potomac Electric Power Co. has
completed a two-story building extern
sion to its Tenleytown substation.
Equipment is being installed which viii
increase the capacity from 1000 kilo-
watts to 1900 kil0watSs Another new
automatic Substation is being erected at
lexington, in the Northeast section Of
washington. When equipped with nee
essaTy machinery It wiz have capacity
OF 1000 kilowatts. with provision for an |
ultimate capacity of 10000 kilowatts. |
Both OF these substations have been
made necessary by the increasing de- |
mand for residential electric service |!
and IN the case OF the lexington sub
station, by the removal TO that locality |
Of a number Of large printing establish |
ments and other commercial businesses |
which were formerly located in the
downtown section recently cleared TO |
make way for the Federal Governments |
public building program"
Trading on ID. c. Exchange.
Trading was more active today on the |
local Exchange. with variety Of trans |
actions and prices holding fairly steady. |
Capital Traction SIS we're up fraction |
at s4t4. while the stock Of the same |
company sold in four lots at 35h. |
shade of Washington Gas IS A we're |
of To 1025s. while the IS B of the same
company sold on q rising market Of los !
TO 107. Potomac Electric construction
SIS were up y to i06. City e. Suburban
SIS dropped from the last sale OF Is TO
SO. Liberty National Bank changed |
hands again at 100. Lanston Monotype
was OF point to 851z. MergenthaIer !
was higher at 77i2.
Washington Clearing House figures |
for today. s2,8i6,77T.23.