Evening star., 1937-05-05

anu f1uSIl -.
Auchincloss of Auchincloss, Parker &
Redpath was elected secretary-treas-
urer. These officers, together with
Chauncey Parker, jr., of the Auchin-
Gloss firm and Charles Carroll Nor
gan of G. M. P. Murphy & Co., form
the Board of Governors.
The retiring president will tender
the annual dinner to Ticker Club
members and their guests at the Chevy
Chase Club Friday evening. An I'M
usually large attendance is expected.
as the members invite few addi-
tional guests each year.
The Ticker Club is composed Of
partners and other officials of local
Offices of New York Stock Exchange
member firms. The purpose of the
club, organized many years ago, is
to promote friendship and co-opera-
ton among this group.
Big Gains in Fifth District.
The Federal Reserve Bank of Rich
mond reported today that trade in
March and early April not only showed
the normal seasonal rise over Febru-
ary, but continued in materially larger
volume than in the corresponding
period last year. The early date of
Easter this year raised retail trade
in department stores to about 18 per
cent above the March, 1886, figure and
carried sales in the first quarter of
this year IL per cent above sales in
the first quarter of last year. Whole
sale trade last month in four of five
lines for which data are available also
was in considerably larger volume
than in March, 1896.
Registrations of new passenger auto
mobiles in the fifth district in the first
three months of 1887 exceeded regis
trations of new cars in the correspond
ing period of 1886 by 81 per cent, an
indication Of increased consumer buy
ing power this year.
Debts to individual accounts figures
in "a cities were 25 per cent larger
in March, 1887, than in March, 1886,
and showed a seasonal increase OF
about 10 per cent over February debts.
Employment showed some increase
during the past month, but labor
trouble developed at a few points in
the district and there appears to be
considerable tension between workers
and employers in several fields, not
ably in textiles and tobacco.
Building work continued to expand
In March, valuation of city building
permits issued rising 42.1 per cent
and contracts actually awarded to-
taling 422 per cent more in aggregate
amounts than corresponding figures
in March, 1886.
The 1887 crop year is beginning IA
vorably, with farm work normally ad-
vanced for the season in most OF the
district, Fall sown grains in better
condition than a year ago, and in
creased acreages intended for most
leading crops, especially the major
cash crops such as tobacco, potatoes
and peanuts.
Heard in Financial District.
The annual convention of the Ma
tional Safe Deposit Association opens
q three-day session at the Willard
Hotel tomorrow morning, with many
local bankers playing an important
part in the proceedings.
Lawrence M. Proctor of Alexander
Brown g. Sons and former president
of the Washington Bond Club, has
been elected one of the vice presidents
of the Princeton Alumni Association
here.
Winthrop G. Batchelder, second vice
president Of the District Life Under
writer's Association and manager OF
the Office of the Connecticut General
Life Insurance Co., has returned from
a vacation trip to the Gulf States. He
spent considerable time in Florida.
The State of Maryland will receive
bids up to noon June 8, at Annapolis
on 100000 234 general construction
bonds, dated June is, 1887, maturing
serially 1910 to 1852. This financing
represents an initial offering of the
S9,052 900 loan authorized by the 1887
Maryland Legislature.
Five consecutive 100-share sales in
Real Estate Mortgage & Guaranty
preferred at 5ls opened trading on
the Washington Stock Exchange today.
Twenty more sold at 5A
Ten shares of Mergenthaler Linotype
moved at 45Ha, same as recent sales on
the Boston Exchange. Capital Transit
sold at IL in five and two share lots.
Other bid and asked prices were
practically unclaimed.