Evening star., 1936-08-18
D. c. TRADE RISES
WELL ABOVE 1885
Barometers for 7 Months
Show Continuation of
Steady Advance.
BY DONALD l.. HADLEY.

BY DONALD ~ nADLL1.
All major business indices for Wash
ineton maintained wide gains over a
year ago during the first seven
months of 1886. They also showed
large advances over the same 1888
and 1884 periods.
Kilowatt hour output for the seven
months reached 353,246,6 sos, compared
with 317.393, ,799 in the 1885 months,
2s2,o14,ls6 in 1884 and 2o9,320,394 in
1898.
Each month so far this year has
brought a large increase in number OF
telephones in use over the same
months of the last three years. The
July total was 206,371 against 1888
IN July, 1885; 1928 in July, 1884,
and l72,827 In July. 1888.
Phone Calls Jump.
The daily average of originating
telephone calls in July was 795964,
compared with 1926 in July. 1885;
646,272 in July, 1894; 6ls,l64 in July,
1893.
Postal receipts for the first seven
months of the calendar year totaled
s4,107,927, compared with $3,702, 2,595
In the 1885 period; s3,272,479 IN
1894; $3,434,28l in 1888.
Bank clearings in the first seven
months totaled $651 ,229,630 COM
pared with $528, ,939,637 in the 1888
period; s4l9,745,836 in 1884, and
s353,454O29 in 1888.
The department store sales index,
using average monthly sales for 1928
as 100, reached 1862 in July, against
SGT in July, 1885; TOT in July, 1884;
57.8 in July, 1898; 62.7 in July, 1882.
Building permits for the seven
months totaled $l8,701,755. against
sll.4S1833 in the 1885 period, s4,62l.-
TAO in 1884 and s4,139,49O in 1898.
Real Estate Loans Up.
Washington bankers have been very
much pleased by the steady increase
in their real estate loans. While no
figures for all banks of the city are
available at present, it was said the
development of this outlet for idle
funds has gained substantial momen-
tum in the last go days.
A marked recovery in real estate
values and improved market condi-
tions were given as major factors IN
the bank loans increase. 1t was SAID
banks previously had been forced to
turn down many loan applications be-
cause of the wide disparity between
the owners valuation or actual in
vestment and the probable market
value. The improved market condi-
tions have cleared the way for many
such applications.
Real estate loans have been one OF
the major outlets for bank funds here
and with deposits increasing steadily,
their relatively low levels have re-
eeived much attention in banking
circles.
$50 to Go on Cruise.
About ESQ are expected to go on the
second annual moonlight excursion Of
the Washington Chapter. American
Institute of Banking Thursday night.
Members of the student body and
officers have looked forward to the
outing as the major social event OF
the Summer.
The party will leave at $50 o'clock
on the Wilson Line steamer City of
Washington.
Robert A. Sisson is chairman of the
Entertainment Committee.
Summer activity Is holding up re-
markably well on the Washington
Stock Exchange. In todays session
Washington Gas 5s of 1858 were
quoted at 1861 for $1,000 transac-
ton. Washington Railway & Electric
Is brought 1852 on a $500 sale. Five
Capital Transit shares were traded
at 1612 and six Riggs Bank preferred
sold at 1903. After the call $1,000 OF
Anacostia d. Potomas Railroad IS
moved at TIA, 100 shares of the Car
pei Corp. were traded at %, and las
OF washington Railway 81 Electric pre-
ferred sold at ITO.
Special Trains for A. B. A.
One OF the most extensive special
train movements arranged in several
years for American Bankers Asso-
citation conventions will carry bankers
from all parts of the Nation to this
years meeting, which will be held IN
San Francisco September 2l-24, and
advance registrations made through
San Francisco bankers are basis for
forecasts that the attendance will be
the largest in a number Of years, 1t
was stated at the associations head
quarters at New York.
Two special trains have been ar
ranged to leave from New York. The
New York Central will run a special
leaving at 4:45 pm, Eastern stand
ard time, September IL. The route
will be by way Of Chicago, st. Paul.
Minneapolis, Banff, Lake Louise, VAN
couver and Portland. arriving at San
Francisco the afternoon of Septem-
Der 40.
The Pennsylvania has announced
o personally conducted tour leaving
New York at 4:50 pm, Eastern stand
ard time, Saturday, September S. The
route Of this train is by way of Wash
ington, D. c.; Pittsburgh, Pa; st.
Louis, Mo-; Dallas and San Antonio,
Tex.
From Chicago at 10 pm, September
16, the "Falltonic" will leave over the
Burlington Railroad for the conven-
tion.
For Missouri and Kansas bankers
there has been arranged a joint spe-
cial. This train will leave st. Louis
the morning of September 16, with
stopovers at Denver and Salt Lake
City.
The Indiana Bankers Association
"Golden Gate Special" will leave In
dianapolis September IS at pm,
arriving at San Francisco the after
noon Of September 20.
Heard in Financial District.
George A. Garrett, resident part
ner of Hartman & Reach, Is back at
his desk after a weeks vacation at
Saratoga Springs, N. Y.
Mai. Gen. r. P. Davis, co-manager
OF the Fenner & Beane office, is ex-
pected to return this weekend from
. vacation at Saranac Lake, N. Y.