Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-11-10
LARGE BOND ISSUES
VOTED BY STATES
About 100000, 900 Securi.
ties of This Type Approved,
Local Dealers Learn.

; Local Dealers Learn.
: BY EDWARD C. STONE.
Local bond dealers were much in
: terested today in the results of the
voting on bond issues in various States.
5 Several relief bond issues approved by
: voters Tuesday will be offered by States
and cities in December OF total of
around Sl28,O00,000 bonds submitted
on the November ballots in various
sections of the United States some
S10o,oo0,Oo0 were approved.
Principal issues include $50, ooo,o 900
New York State, $4,000, 900, State OF
New Jersey, $4,000, 900 State OF Illinois
and various city issues
Last year only $4,000, 900 bonds were
approved, but in 1880 the total was
$500. 100000.
Banks to Aid Red Cross.
With the opening of the Red Cross
drive for annual enrolment OF mem
bers tomorrow and continuing to No
venber "a, arrangements have been
made with the various banking lnStltu-
lions in the city to take enrollmentS at
their Offices The Red Cross Is fur
nishing workers at the banking insti-
buttons, but in instances where workers
are not assigned the banks themselves
will be glad to accept the enrollmentS
for the Red Cross.
The work of the Red Cross is SO well
known that bankers believe the local
chapter will not experience difficulty IN
reaching its quota of 10000 members,
and the banking houses Of Washington
are glad to cooperate with the Red
Cross in their 1882 drive.
The member banks of the District OF
Columbia Bankers Association are also
cooperating with the Business Com
mittee of the District Of Columbia
Chapter of the American Red Cross,
and are making collections from the
members of their stats, Frederick P. H.
SiddonS, second vice president OF the
association, being chairman Of the Red
Cross Roll Call and having charge OF
this work.
= Institute Membership Jumps.
Membership in Washington Chapter,
American Institute of Banking, has IN
I. creased to more than 400. Robert +.
=. Lee, Lincoln National Bank, chairman
: of the chapters Membership Commit
tee. reported this gain last night at a.
meeting of the committee with the
, chapters board of conSuls in the board
room of the American Security q Trust
Co.
There also are 304 members enrolled
as students in the chapters educational
courses, distributed as follows: Income
tax law and procedure, 81; economies,
80; banking l. So; banking 8, %;
credits /, 26; law 2. So; public speak
. ing l. 81; public speaking 2, 10.
The first issue OF the year OF Dollars
and Sense" the Institutes lively publ
cation, filled with news about Washing
ton Chapter, appeared in the financial
district today. 1t is edited by A. Z.
Henza of W. B. Hibbs g. Co., assisted
by Mabel v. Royce, ]. George Dagenais
and B. Bruce Frantz.
The first part of the booklet is given
to review OF chapter work last year
under the leadership of President
what is usually printed in the year
book. The list of recent graduates
comes next with the presidents Mes
SAGE" presented by Richard A. Norris.
Chapter affairs received full atten-
ticn and the national organization Is
not forgotten A host of other inter-
esting facts make an unusually inter-
esting number.
Fifth District Building Permits.
Building permits issued by building
INSPECTORS in 80 cities in the fifth
reserve district in September totaled
1892, with estimated valuation amount
ing to S3,094,711. decrease of 161 per
cent in number in comparison with
1882 permits issued in September 1881.
and a decrease of 48.8 per cent under
September 1881 valuation figures total
ing S6O46542, the Richmond Reserve
Bank reports Only 7 of the 80 cities
reported higher figures for the 1882
month. and several cities which issued
relatively large amounts in permits IN
September last year declined drastically
this year.
Contracts awarded in September for
construction work in the fifth dlstrlct,
r including both rural and urban projects
totaled only $10,684, 728, compared WIN
S13.61l,282 IN August 1882 and S20,-
573,415 in September 1881. " IL 1le
awards in September this year, S2,01o,,,
918. or 1874 per cent, was for residential
work. while last year residential con-
tracts in September totaled S4,O34,30
or 1876 per cent Of all awards.
Today's ID. C. Exchange Trading.
The opening sale on the washington
Stock Exchange today was ~ Shares
of Columbia Title Insurance Co. STOCK
at T. 1t was the first transfer III tiiS
issue in long time.
washington Railway & Electric pre-
ferred figured in small turnover at
81, the same as recent prevailing quo
tationS.
Potomac Electric Power 51a per cent
preferred came out on the Doard al
los. and two shares of the same corpo-
rations per cent preferred STOCK
moved at ITO.
Market observers today expressed con-
siderable satisfaction over the COM
paratively steady manner in which the
various markets have held since the out
come of the national presidential cleo
ton. The cotton market had its own
special reasons for selling lower. Stocks
and bonds are considered to have done
well.
Heard in Financial District.
Carl r. Kurtz of Stroud, Kurtz g. Co.,
investment bankers, has been appointed
a member of the Membership Commit
tee of the Southeastern group OF the
Investment Bankers Association.
Richard Washburn Child, former
United States Ambassador to Italy and
founder of the Council on Foreign Re-
lations, announces the formation Of
committee of holders CT external dollar
bonds of departments and municipalities
Of the Republic of Colombia now in
default
American Telephone g. Telegraph Co.
and associated companies had a net
less of 10000 telephones in october
as compared with net loss in Sep
TENDER of about 10000 and 20l 900 in
August.
6. c. Murphy Co. declared the regu-
lar quarterly dividend Of 40 cents on its
common stock, payable December ! to
stock Of record November 10.
Money in circulation on october 81
amounted to SIS ,627, $50 ,426, or S4499
per capita. This compares with cir
culation of $5.653, $40, 772, or $4522 per
capita, on September &c. Treasury
figures show.
All the local banks and stock ex-
change Offices will be open as usual
L. L. AZ