Evening star., 1936-10-14

September, 1890.
Freight revenues of these railroads
In September amounted to $23,716,450.
compared with S20,583,754 in Sep
tember, 1885, and $27,549.650 in
September, 1880. Freight revenues in
September, this year, were 1872 per
cent above the same month in 1885,
but 1879 per cent below the same
month in 1880.
Passenger revenues in September,
totaled S2,509,172 compared with
s2,177,7S1 in September, last year,
and S3,728,5e1 in September, 1880,
being 152 per cent above September
one year ago, but 327 per cent below
September, 1880, the Association of
American Railroads reported here
today.
Thirty-six Glass I railroads in
the Eastern district, had estimated
operating revenues of $162,943,011 in
September, compared with $137873,-
776 in September, 1885, and S205,557,-
092 in September, 1880. Operating
revenues in September, were 1872 per
cent above the same month last year,
but 207 per cent below September,
1890.
Jones Heads Savings Group.
Noble r. Jones, savings manager,
First National Bank, St. Louis, was
elected president of the savings divi-
sion of the American Bankers Asso-
Born in Champaign, ILL.,, in 1878, he
was educated in the Kansas schools.
His first positions we're with r. G..
Dun & Co., at Topeka and St. Louis.
Since 1919 he has held his present
position.
In the bankers association he has
been a member since 1882 of the Exec
utive Committee of the savings divi-
sion and for the past year has served
as vice president Of the division.
Mr.. Jones is married, is Repub-
lican, thirty-second degree Scottish
Rite Mason and Shriner, and belongs
20 the Normandie Golf Club in st.
Louis.
Junior Bankers to Debate.
Paul ]. Seltzer, president, Washing
ton Chapter, American Institute Of
Banking, announces plans for de-
bate team to participate in inter-
chapter debating this year. The De-
bate Committee is headed by A. STAN
ley Wolfe, Riggs National Bank, and
DR.. Elmer Louis Kayser will act as
coach for the team.
Assisting Mr.. Wolfe on the commit
tee are: Thomas Cronin, vice chair
man, Munsey Trust Co.: Theodore
Bogley, Munsey Trust Co.; Edward
Foreman, Riggs National Bank, and
Fred Schreiner, First National Bank
Of Alexandria.
Davis With Hartman e. Keech.
Gen. Richmond P. Davis, U. S. A.,
retired, has become associated with
the Washington Office of the New
York Stock Exchange firm of Harri-
man g. Keech, it was announced in
the financial district today. He has
been manager of the local Office of
Fenner & Beane for some years and
has already assumed his new duties.
Gen. Davis was connected with the
Coast Artillery during his military
career. Upon retiring he turned to
finance and has been very active for
b man of his years. He is secretary
treasurer of the Washington Ticker
Club, an organization of leading
brokers for some IS brokerage firms
having Offices in this city.
Southern Elects Directors.
Robert M. Hanes, Winston-Salem,
N. c.; Fairfax Harrison, president of
the Southern Railway, and Jackson E.
Reynolds, New York, were reelected
directors of the Southern, for three
years, at the annual meeting held in
Richmond yesterday. Knight Woolly
of New York was elected for a three
year term to fill a vacancy. He is a
partner in Brown Bros, Hartman
& Co.
President Harrison presented a re-
port showing the results of operations
during the first eight months of the
present year, Richmond dispatch to
The Star states.
Retail Sales Grow Rapidly.
The American Retail Federation re-
ported here today that retail sales in
the United States totaled s32, ,79O, ,267,-
600 in 1885, gain of 81 per cent over
1888. The number of stores increased
per cent over 1888, employees IA per
cent and pay rolls % per cent.
These percentage increases, the fed
Grafton says, indicate healthy and
substantial business recovery, the re-
lationship Of pay rolls to volume be-
Ing particularly significant. The sales
volume for 1885 was 81 per cent of
that for 1929, the pre-depression year
when sales totaled S49,114.653, 900.
The Atlantic Seaboard States ac-
counted for IS per cent of the total
retail sales in 1885 and the Middle
Western States for 80 per cent.
Mergenthaler Hits New Peak.
Mergenthaler Linotype scored an
other new 1896 peak on the Wash
ington Stock Exchange today, wher
it sold up to 5312, after selling yes
terday at So for the first time.
The new Potomac Electric Power
sAs were in demand again today
two $1,000 transfers being recorded
1T 1043s, unchanged. The market
closed with 104A bid and 104as
asked.
Potomac Electric Power pc
cent stock sold at Ill, and the 81:
per cent preferred moved at 1121a
Riggs National Bank common stock
which reached 300 yesterday, is being
quoted without the dividend due ir
. few days.
Financial District Notes.
Norman E. To&son, assistant treas
urer of the Washington Loan & Trus'
Co, has returned from business TRIP
to Dallas and Waco, Tex. He made
The trip both ways by air.
County commissioners Of Cecf
County, Md, have awarded TO Alex
ander Brown g. Son 100000 pei
cent Elkton High School bonds al
106751. The bonds are dated Octo-
ber /, 1886, and mature serially be.