Evening star., 1936-04-25

ing up the club D.. NJ w.,t.
membership were
we'll represented, and many invited
guests enjoyed the evening. Mr.. Wolfe
presided and introduced the newly
elected Officers, the president being
Chauncey G. Parker, jr, of Auchincloss,
Parker g. Redpath; John E. Parker,
G. Mp. Murphy g. Co., vice pres
ident; and Richmond P. Davis, Fenner
& Beane, secretary and treasurer. All
responded with brief talks on matters
pertaining to the welfare of the club.
The program included humorous
sketch by Thomas w. Brahany. pres
ident of the club last year, and man
ager of the local office of E. A. Pierce
e. Co.; songs and stories by the ever
popular George M. O'Connor and imi-
tations by Arthur Pierce, who is no
newcomer to programs planned by
financ!ers for financierS So enjoyable
was the affair that it was suggested
Mr.. Wolfe ought to run for another
term as head of the club.
Building Boom in Fifth Area.
From the Federal Reserve Bank
of Richmond comes a report that the
building boom in the fifth district,
including Washington, IS going for
ward with great rapidity. Another sharp
advance was revealed in March, the
total volume standing at S6,587,2ol
against S3,4l6,265 in the same month
a year ago. In the first quarter OF
1886 the amount of new constructor
work was near that for all OF 1885.
In spite of uncertainties over tobacco
and cotton crop control, it IS reported
that no Spring outlook in years has
been as bright as that facing the
district at present. Unemployment
has decreased through outdoor occu-
pations until in Virginia relief Is
no longer required for highway pro-
jects.
In the first two months of 1886
farmers in the fifth district received
approximately 20 per cent more for
their products than in the correspond
ing months last year. In Virginia
alone, farmers were 38 per cent better
off.
Insurance Leaders to Speak.
Insurance men are looking forward
to the round-table conference-Insur-
ance Program for BusinesS-Which
will be held April %, during the
twenty fourth annual meeting of the
Chamber of Commerce of the United
States. Torrance F. Cunneen, man
ager of the insurance department.
said today the discussion will center
around these addresses to be delivered
by men of prominence in the lnsur-
ance world.
Providing Protection for the En-
ploye," by James E. Kavanagh, vice
president, Metropolitan Life Insurance
Co; New Insurance Needs of Bus
mess" by DR.. S. S. Huebner. Wharton
School of Finance and Commerce;
and Insurance Aspects of 1885 Fed
eral Motor Carrier Act" by Edward
j. Bond, jr., senior vice president of
the Maryland Casualty Co.
The session will be held in the
chinese room of the MayfoWer Hotel
following luncheon which will be
served at 100 pm. to those attending
the meeting. Tickets to the luncheon
may be purchased at the hotel or
in the lobby of the Chamber of Com
merce of the United States.
S. E. C. Approves Gas Plan.
The Securities and Exchange Com
mission has approved the acquisition
by the Washington Gas Light Co. OF
certain securities held by subsidiary
concerns as serving the public inter-
est by tending towards the economical
and efficient development of an in
tegrated public utility system These
sucurities are: S196,000 principal
amount of the general mortgage 4h
per cent bonds, series A, of the George
town Gas Light Co., due March l,
1856.
S105400 principal amount of the
general mortgage "A per cent bonds,
series A, of Washington Gas Light
Co., of Montgomery County, Md, due
March l, 1856.
$4,000 principal amount of the
general mortgage Az per cent bonds,
series A, of Georgetown Gas Light Co.
of Montgomery County, Md, due
March /, 1856.
$78,700 principal amount of the gen.
eral mortgage AZ per cent bonds,
series A, of Rosslyn Gas Co., due
March l, 1856.
$827700 principal amount of the
general mortgage Al per cent bonds,
series A, of Prince Georges Gas Corp
grafton, due March l, 1856.
Store Collections Lag Here.
Collections in Washington depart
ment stores in March Jagged a little
compared with some of the other
cities in the fifth district, the Rich
mond Bank said today. OF bills
due the first of the month, 271 per
rent were collected here, 80 per cent
in Richmond, % per cent in Balti-
more. and 28.7 per cent as the aver
age for the whole district.
AS already noted trade was up IL
per cent in March in the Capital and
1879 per cent in the first quarter.
compared with the like periods
year ago. Stocks of goods on hand
at the end of March in the stores
here were 80 per cent larger than
in March 1885. The fifth district
average was up So per cent. Stock
turnover in March and in the three
months we're more rapid in this city
than in the other leading cities in this
area, the report reveals.
Jones Predicts 1886 Profits.
Chairman Jesse H. Jones of the
r. F. c., said the other day that
business in most lines is fairly good.
In many lines it is exceptionally good.
The age-old saying that it takes the
exception to prove the rule, will be
proven true this year.
I'VE are essentially country of
business" he concluded, land no the
cries or 'isms' can change that. People
in business, big and little, are satisfied
when they are making profit. Most
of them will lmake profit in 1896 if
their businesses are properly and pru-
dently operated. Many did we'll in '35."
~ RIY