Evening star. [volume] (Washington, D.C.) 1854-1972, 1936-10-17

vancement to his r r. Coles.
present position
was rapid.
A director in the First National
Bank. and the Portland Remedial
Loan Association, he is president OF a
land company and water company
and of the Five-States Timber Co.
Mr.. Coles takes an active interest
IN civic affairs, being president Of the
Portland Junior Symphony Orchestra
Association, a director OF the Oregon
State Motor Association, a trustee OF
the Good Samaritan Hospital. Port
land. and chancellor of the Episcopal
Diocese of oregon.
In banking circles he has served as
a member of the Legislative Commit
tee of the Oregon Bankers Assocla-
ton and has been president OF the
Trust Companies Association OF Ore
gon. During the past year he was
first vice president of the trust di-
vision of the American Bankers AS
ISOLATION.
Rural Retail Sales Up.
Daily average of general merchan-
disc in small towns and rural areas
for September we're about l8 per cent
higher in dollar volume than for
September, 1885, and were IS per
cent above those for the same month
of 1884, the Bureau of Foreign and
Domestic Commerce reports.
Sales for September increased about
q per cent from August, or consider
ably more than the usual increase at
this season of the year. The seasonal
" adjusted index rose to 1882 for
September, on the basis of 1929-193l
as 100, from 112 for August and 114l2
for July. Sales for the first nine
months of the year were 1872 per cent
above those for the corresponding
period of 1885.
Daily average sales of grocery chain
stores for September showed an In
crease of about per cent in dollar
volume, as compared with September.
1885, and were per cent above the
same month of 1884.
Average daily sales for the first
nine months of the year were about
3 per cent above those for the cor
responding period of 1885.
Insurance Men Are Honored.
Frederic M. Nettleship, secretary OF
agencies of the Equitable Life Insur-
ance Co. of Washington, was elected
chairman of the industrial section OF
the American Life Convention, which
has lust concluded its thirty-first an
nual meeting at Dallas, Tex. During
the last year the new chairman has
been secretary of the section. Dis
patches state that the convention was
largely attended and attracted wide
interest among life insurance men.
j. G.. Hopkins, Washington repre-
sentative of the Lincoln National Life
Insurance Co., has won unusual
lonors by qualifying at this early
date for the company's 1887 conven-
ton. Although the test period Is only
half over, he has already won his
seat at the conference. With the
completion of the convention require
ments, he has become one Of the
concerns outstanding producers.
Among Washington visitors to Wall
Street during the last week for the
purpose of getting line on new issues
coming soon and checking up on other
financial developments were James
Parker Nolan of Folger, Nolan g.
Co, and Mark Sullivan, jr., of Huchin-
Gloss, Parker & Redpath.
Leading Washington brokers express
considerable opposition to the sug-
gestion made in New York that the
New York Stock Exchange daily trad
ing sessions be kept open until 4
O'Clock. The opinion seems to be here
that very little more business would
be done in a six-hour session than
in the present five-hour session, but
that the clerks would have to work
q good deal later after the closing of
the market than they do now.