Evening star., 1935-11-26

district as a
whole reported 293 per cent.
AS already noted Washington de-
partment stores scored an increase In
retail sales in October of IL per cent
over 1884 and 1873 per cent for the
first 10 months of 1895, compared
with the like period last year. The
advance in the District as a whole
was rs per cent with 43 per cent
gain in the first 10 months.
Richmond department stores re-
ported sales at &c per cent last month
over October, 1884, while the Rich
mond gain for the 10-month period
was per cent.
Baltimore sales fell off 2.7 per cent
last month, while the remainder of
the department stores OF the district
also reported sales declines of 0.3 per
cent.
Allendoerfer Popular Here.
Members of the District Bankers
Association who are especially inter-
ested in the national bank division
of the A. B. A. have expressed much
satisfaction over the recent election
of Carl E. Allendoerfer as president
of the division for the coming year.
He is executive vice president OF the
First National Bank. Kansas City.
Born in Carlinville, Ill, in 1880, he
received his education in the public
schools in Concordia, KanS., in which
town he started his banking career as
a bookkeeper in the First National
Bank. He has since been assistant
cashier of the American National
Bank of Kansas City and auditor,
assistant cashier and vice president
of the bank of which he is now execu-
tive vice president. Mr.. Allendoerfer
is also treasurer of the Central Surety
& Insurance Corp. of Kansas City and
treasurer of the Kansas City School
District.
In the American Bankers ASsocia-
ton he has been a member of the
Board of Regents of the American
Institute of Banking and president Of
the former clearing house section. He
Is now president of the Missouri Bank
ers Association.
Mr.. Allendoerfer is married, Re-
publican, a member of the Mission
Hills Country Club and the Scottish
Rite and Shrine.
Quinter Retains Office.
William S. Quinter, president of
the District Building g. Loan Asso-
citation, continues as the Districts
representative in the United States
Building & Loan League as a result
~ ale al OF hn of
convention of the league this past
week.
MIR. Quinter has served as national
executive committeeman for several
years and now becomes a member of
the Executive Council of the league
from the District of Columbia, accord
ing to a change in Technology made
In the leagues constitution.
The District of Columbia was one
OF the few geographical divisions to
gain in both assets and members Of
building and loan associations during
the year ended January i, 1885, the
secretary-treaSurers report at the con-
vention showed. A gain of $6,555 900
in resources and 1909 saving and
borrowing members was registered by
the associations here.
r. F. C. Ends Utility Help.
Chairman Jesse H. Jones announces
that the r. F. C. has gone out Of the
utility business by disposing of it
holdings of Utilities Power & Light
Corp. debentures to the Manufacture
ers' Trust Co.
This completes move undertaken
by the r. F. c. last July when it dis
posed Of stock controlling the Utilities
Power g. Light Corp. to the Atlas
Corp. receiving in turn therefor the
Utilities Power & Light debentures.
The final move was disclosed yester-
day by Chairman Jones, who said the
r. F. c. had sold to the Manufactur-
ers' Trust Co. at 80 per cent of their
face value S2,288,000 principal amount
of 5 per cent debentures of the utility
concern. The sale, he said, takes the
r. F. c. out Of the utility business"
b. & o. Earnings Improve.
The Baltimore & Ohio Railroad to-
day reported net railway operating in
come in October as $3,088,975, COM
pared with $1,999,673 in october last
wear, an increase Of S1,089,302. Net
operating revenues for the first II
months of 1885 totaled $20,432, 500
against $20,306 ,299 in the like perioc
year ago. making a gain of $126, $50
Alexander Brown g. Sons of Balti.
more was successful bidder for $685.
900 Baltimore County, Md, metro
politan district serial bonds on bic
of 1o1 1888 for 212s. The bonds art
dated December /, 1885, and du'
1940-45. Second high bid was sub
mitted by w. w. Lanahan & Co. o
Baltimore at 100.0269.
The Federal land banks have be
come the largest holders of farm mort
cages, SURPRISING the commercial
banks and the life insurance com
panies, which formerly held first place
according to the Farm Credit Admin
tstration.
Today's Trading on Exchange.
Capital Transit opened trading OF
the Washington Stock Exchange to
day with three small lot sales a
15z. Norfolk & Washington Steam
boat Co. changed hands at 88, sam,
as the last previous sale.
Washington Railway & Electric pre-
ferred came out at 10814, ex-dividend
Lanston Monotype was active at 81
and Columbia Title Insurance CO
appeared on the board at 6.
Two bank stocks moved today
Riggs National common again sellinI
at 210 and single share of Ameri
can Security & Trust stock at 19915
Quotations in Railway & Electri
common we're unchanged. The BIZ
on Mergenthaler has advanced to 32h
with 80 asked. Improvement in tn
heavy industries is said to be helping
this company's business materially.