Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-10-09

man OF the UIllJ-
ed States Building and Loan League.
Other officers elected we're Charles
H. Frame, vice president; F. Wilson
Camp, secretary-treasurer, and Henry
Gilligan, attorney Mr.. Camp, elect
ed to his Office for the eleventh time.
is governor of the fourth district OF
the American Savings, Building and
Loan Institute and vice president Of
the local chapter of that organization.
In annual session, the stockholders
elected these directors:
DR.. George A. Baker, F. Wilson
Camp, Charles H Frame, William F.
Friel, Henry Gilligan. Warren w.
Grimes, o. H. johnson, William S.
Quinter, Stephen H. Takes and DR..
Harold A. Wood.
The report of the secretary as made
to the shareholders showed the vol
ume of business transacted during the
past year to have been the greatest
in the history Of the organization.
Assets Of the association increased IS
per cent from September 30, 1884, to
September 80, 1885.
Accountants to Hear MARSH.
DR.. Clarence S. Marsh. associate
director Of the American Council on
Education, will address the District
of Columbia Institute Of Certified
Public Accountants at the first Fall
dinner meeting of the year, at the
Hay-AdamS House tomorrow evening.
The speaker has served Is months as
C. C. C. educational director and for
merly dean of the evening session OF
the School of Business, University OF
Buffalo, will talk on professional
Training"
AS the subject is Of vital interest to
the educational institutions of this
city. as we'll as to members Of the
public accounting profession. repre-
sentatives and members Of the facul-
ties of all the institutions having ac-
counting courses, have been invited to
attend and take part in the forum
discussion.
Harold C. Anderson, president OF
the District of Columbia Institute,
will be in charge of the meeting.
Other officers this year are: Harold
s. Roberts, vice president; John Berg,
secretary treasurer; Goodwin P. Ora
ham, Frederick M. Blum, John B. Nc
Ginley and Raymond M. Florence on
the board of governors with the Of
ficers.
Southern's Earnings Pick Up.
President Fairfax Harrison reported
a substantial increase in Southern
Railways revenues since August l at
the annual meeting held in Rich
mond yesterday. The increase, he
said. will continue throughout the
year and the 1885 statement will be
better than the 1884 report.
Accompanying the increase in gross,
however, was continued rise, he said,
In operating expenses, due to the
''burden of wages" over which the
road has no control except by re-
ducing its force. These expenses, Mr..
Harrison added, will continue to rise
because of new Federal laws, but some
of these, he believed, would eventually
be declared unconstitutional.
Members of the board whose terms
expire in 1885 were re-elected-John
Stewart Bryan of Richmond. Oliver
Iselin, Devereaux Milburn and George
A. Sloan. all Of New York.
Business handled by the Southern
Railway Co. in September was the
highest for any month in 1885 to date
and on the basis of figures at hand
reached the largest monthly total,
with only two exceptions, since
1881.
Five Washingtonians to Speak.
Five Washington men are on the
program of the twenty-eighth annual
convention OF the international AsSo-
citation of Milk Dealers to be held In
St Louis october 17-19.
w. A. Wentworth, secretary Of the
Dairy Industry Committee, will speak
on THE Second Year of Federal Ac-
tivity in the Fluid Milk Industry;
Charles F. Whiting, United States
Chamber of Commerce, on pertinent
events at the last annual meeting Of
his organization; A. B. Gunnarson Of
the same body will talk on Manage
ment Problems Under the Social Sc
curity Act; H. H. Mottern of the
United States Bureau of Chemistry
and Soils will discuss Orange Juice
and Orangeade for the Dairy Trade"
DR.. r. B. Corbett, extension econ
omist, United States Department Of
Agriculture, will talk on Federal and
State Milk Control"
Today's Trading on Exchange.
Trading on the Washington Stock
Exchange today opened with two
$1,000 sales and one $500 transfer of
Washington Railway & Electric Is at
1851, a new high mark for the pres
emit year. The bonds were half a
point over the last previous sale;
having advanced from s912 since last
January. The same corporations pre-
ferred stock also appeared on the
board, single share changing hands
at 1852.
Capital Transit stock figured in five
consecutive sales Of l0-share lots, all
at II, the price being of half point
from the last sale reported on Mon
day. The stock closed with II bid,
offered at IS.
It was announced on the exchange
that the small sale Of Potomac Elec-
eric So per cent preferred stock yes
terday was made at 1881.
Financial District Gossip.
Heads of the IL Federal land banks.
meeting here, report that farm prices
are rising and purchases OF farms
showing sharp increases over a year
ago.
Heaviest sales of the Treasury's
much-advertised baby bonds" have
been in the rural districts of the Mid
die West. Buyers have taken $185. 474.-
900 of the bonds on sale in $4,000 post
Offices all over the country.
The latest quotations on Mayflower
Hotel 6 per cent first-mortgage bonds,
1913, are say bid and 5334 asked.
Sales Of ]. C.. Penney Co. In Septem-
Der were So per cent below last year,