Evening star., 1937-08-18
A. |. B. EXCURSION
PLANNED FRIDAY
More Than 800 Expected
to Take Annual Trip
Down Potomac.
BY HAROLD b. ROGERS.

Pla is have been completed for the
nnual moonlight excursion OF the
Washington Chapter, American Insti-
ute of Banking, next Friday night.
lore than 800 are expected to partici-
ate on the trip, arranged by William
I. Laughlin, president of the chapter,
nd the Entertainment Committee,
eaded by George M. Rowzee, jr., of
lincoln National Bank.
The Entertainment Committee in
= ludes also Donald Hollingsworth,
ames Bruen, Stephen o. Porter, VIII
am Offutt, Ralph Mittendorf, George
alleher and Frederick A. Dawn.
The schedule calls for the excursion
aving on the Wilson Line steamer
ity of Washington at 8:45 pm from
le Seventh street wharf There will
; dancing to music by the ships or
lestra.
President Laughlin and the Edu-
ltional Committee of the institute are
orking on the educational program
: the organization for Fal.. An
ouncement of forthcoming plans is
ypected soon.
Trade Outlook Favorable.
The outlook for business in the Fall
nd Winter months is characterized
the National Association Credit
Zen as highly encouraging"
The presence of four important fac
prs, says the monthly business re-
lew by the executive manager, should
Dntinue to accelerate business in the
eeks ahead, eliminating in a holi-
ny trade equal to or somewhat better
IAN last year"
The stimulantS to better business in
le coming months listed by the as
)ciatlon are:
Il. Since the farmers are going to
ave an increased income, the farm
lg areas will be particularly good ter
tories for increased business.
q. Interest rates are conducive to
lealthy business expansion.
%. In the heavy goods industry
leeds are far from satisfied.
q. Labor, receiving a more gener-
ous share, will satisfy more consump-
i've wants."
Railroad Revenues Rise.
Railroad revenues are on the sharp
IpsWing. This was indicated in pre-
'lminary reports from 80 Glass I rail-
oads, representing 78 per cent of the
otal operating revenues, which
ThoWed, according to the Association
# American Railroads, that these lines
n July, 1887, had estimated operating
TevenueS amounting to S28O.O41 ,407
compared with S272,924,271 in the
same month of 1886. and 1855, ,255 ,66l
IN the same month of 1880. Operating
revenues of these roads in July. 1887
were 2.6 per cent above those for
July, 1886. but 2l.2 per cent below
July, 1890.
Freight revenues of the 80 Glass I
railroads in July. 1887, amounted to
s223, ,633,456, compared with 1921 ,203,-
637 in July, 1896, and s27l ,31O,694 in
July, 1880. Freight revenues in July,
1887, were IL per cent above the same
month of 1885, but 176 per cent below
the same month in 1890.
Passenger revenues in July, 1887,
according to these preliminary re-
ports from 80 Glass I railroads, totaled
S32,73l,4 ,408 compared with s30,523,-
99l in July, 1886, and s52,777.754 in
July, 1880. For the month of July,
1887. they were 10 per cent above
the same month of 1886. but $50 per
cent below the same month in 1890.
Transfer Is Authorized.
The board of directors of Perpetual
Building & Loan Association has au-
thoriZed the transfer of 100000 from
undivided profits to the surplus ac-
count of the association. it was an
nounced today by Edward C. Baltz.
secretary. This brings the surplus
account of Perpetual up to 81 800, 900
During the first half of 1887 the
loan associations in the Winston
Salem Home Loan Bank district, in
Guiding this city, made loans for con-
structlon purposes of Sl6,lO2,OOO ac-
cording to report by the Federal
Home Loan Bank Board Washington
participated largely in this report, as
20 building and loan associations here
are members of the Home Loan Bank
system.
In the Winston Salem district, ac-
cordlng to the report, cost of labor
used in a six-room house increased
3 per cent over March. Material
prices increased per cent during the
same period.
Potomac Electric Power 6 per cent
preferred was active on the Washing
ton Stock Exchange today. changing
hands IN five blocks at prices rang
ing from lib to 1875, back to l13.
The same company's 5l2 per cent
preferred sold at 1lO12. Capital Trac-
ton IS went at 86, while Anacostia g.
Potomac SIS went at 70.
Personal Mention.
E. c. Graham, president of Hamil-
ton National Bank, is enjoying a few
days vacation on his boat, cruising
the Chesapeake Bay and other inland
waterways. According to latest reports
he was at Wilmington, Del.
c. j. Goeckler, assistant vice presi-
dent OF the Hamilton National Bank,
is visiting his mother and sister at
Ventnor, N. J.
G. E. Kefauver, secretary of the
Columbia Building Association, will
leave next week for a trip to New Eng
land and Canada.