Evening star., 1932-11-21
BUILDING AWARDS
GAIN IN DISTRICT
City Reveals Advance Over
October, 1881, in New
Construction Plans.
BY EDWARD C. STONE.


Construction contracts awarded In the
Middle Atlantic States from November l
through November IS totaled S7,029,-
200, according to F. w. Dodge Corpora
ton. During the first half of october
! total of s9,072, 900 was reported, while
in the corresponding period of Novem-
; ber, 1881, a contract volume Of sll,-
182.800 was reported.
Construction undertakings during
+ October in the Middle Atlantic area
were larger than those reported for
September, but showed decline from
october, 1881; October awards totaled
SIS, ,444, 900 and compared with s12.755,-
900 for September and $42, AGO. 800 for
October of last year.
October awards for construction show
ed gains over September in Maryland,
Delaware and the District of Columbia;
all other States in the territory reported
I losses from September. The District of
Columbia was alone to show a gain over
October, 1881. In Maryland and Vir-
. ginia gains were shown over September
in commercial building. In Eastern
. Pennsylvania, Southern New Jersey and
! Maryland increases over September were
shown for factory building, chiefly due
! tember were scored for one and two
family houses in Southern New Jersey,
Maryland, the District of Columbia and
Virginia.
OF the principal cities in the terri
tory, October contracts for construction
of all classes showed gains over Sep
tember in Reading, Trenton, Baltimore,
Washington and Norfolk. Gains over
october, 1881, were shown in Scranton,
Baltimore and Washington. Larger
contracts for small house construction
were reported as contrasted with the
September record for Scranton, Cam
den, Trenton, Baltimore, Washington
and Norfolk.
Sales Continue Uptrend.
A definite continuation of the sharp
upward trend in national sales and col
, lection conditions is revealed in the
, November survey by the National Asso-
citation of Credit Men, based on reports
, from correspondents in 109 major mar
kets of the country and received by
the Washington association today.
For the second consecutive month
five cities in both the sales and col
, 1ectionS clasSifcations report conditions
. as being good" The continuing bet
terment in the report however is
brought about by the large number OF
{, cities which report conditions as being
"fair.'' In the October survey Al per
cent OF the correspondents noted fair"
collections and 49 per cent fair" sales |
, In the current survey 81 per cent find |
collections fair" and Sc per cent place |
sales in the same classification.
Fort Smith, Ark, takes the honors |
by reporting both collections and sales |
in its surrounding territory as good" |
But New York State comes through |
with the best record having Albany in !
the good" sales column and both New |
Rochelle and New York City in the |
I"good" collection column Good" sales |
are also evidenced in Nashville and |
Knoxville, Tenn, and in Los Angeles, |
Cedar Rapids, Iowa. and Fort Worth, |
Tex, are the remaining cities in the |
,,"gcod" collections division.
Largest Bank Deposits Shown.
: More than 50 per cent of the deposits |
in banking institutions throughout the |
country are held in New York, Penn |
sylvania, Massachusetts, California and |
Illinois. New York heads the list. re- |
porting, as of last June 80, Sl3, ,406,- |
172,000, or 80 per cent of the country's |
total.
The deposits in banks and trust |
companies of the five States totaled |
S25,318,85G, coo at the end of last June,
a decrease of slightly more than 8 per
cent from six months earlier.
There were nine States whose banks
had deposits of 81 S1,0o0,0Oo,O00 or more
each as of June 30. The smallest de-
pcsits were reported b. New Mexico,
totahng $28,378,00o. Nevada had s29,-
473,000. Eleven States reported de-
posts OF less than OO0000o0 each. |
Although New York State had the !
largest deposits, exceeding by more than |
OF times those of the next largest State, |
it reported only 984 banks and trust |
companies, whereas Pennsylvania. which |
ranked second in the list, had 1850 |
banks, the largest number in any State |
in the Union. Illinois was second with |
1l49 banks and trust companies and |
Texas third with 1853 Arizona and |
Nevada had the fewest institutions, IS |
and 28, respectively.
Today's ID. C. Exchange Trading.
The weeks trading opened on the !
Washington Stock Exchange today with |
81 900 Washington Railway & Electric |
Is selling at 68E4.
Later in the session two more 81 900 |
sales in the same bond issue were re-
corded. also at 88l4.
Washington Railway & Electric pre-
ferred stock also appeared on the board, |
20 shares moving at 86l2 and small !
lot at 8634
Waggaman, Erawner & Co, Inc, in |
their weekly bulletin, show that dullness |
characterized the market for New York |
City bank stocks. The average price !
showed a slight decline of about per
cent for last week. The only news was
|. the initial dividend declaration by the
County Trust Co. on their new stock.
Dividend declarations by other banks
.ere due shortly and it is expected that
regular rates will be diSbursed.
New Brokerage Offices Opened.
Charles D. Barney g. Co., New York
Stock Exchange firm, opened their new
Washington Office in the Woodward
Building when the ticker started this
morning. The attractive new surround
ings attracted much favorable comment
from visitors during the day.
Uniformed Red Cross workers in the
lobbies Of Washington banks report that
they are still being well remembered in
the annual enrolment drive. The per-
sonnel in the banks is also responding
generously to the appeal.
Baltimore has practically the same
number Of Christmas savings club men,
bers as Washington. Between S5,000-
600 and $4,000 900 will be distributed by
the Baltimore banks within the next
two weeks to approximately 100000
members Elsewhere in MARYLAND about