Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-11-02
Fifth District Sales in
Department Stores
Up 10 $9,657,214
80 Pct. September Gain
Leaves Total Slightly
Below Year Ago
Ry EDWARD C. STONE.

$9,657,214, a gain of 80 per cent over
the previous month and only per
cent under the same month year
ago. according to the monthly re-
view of the Federal Reserve Bank of
Richmond. The gain between these
two months is usually about Is per
cent, the report says, adding that
wholesale trade was per cent ahead
of August but per cent under
September, 1887. Sales of 1913 whole
sale firms totaled $l2,790,000
Details from the report show that
debts to individual accounts in "a
cities in this area totaled $1.184,-
$4,000, a gain of per cent over
cent from last year. There were al
failures this year against 81 year
ago. an increase of 80 per cent.
Registrations of new passenger
automobiles in September totaled
6,874 against 1888 in September,
1887, decrease of SO per cent.
Washington reported 7l2 new reser-
vations, against 1,549 year ago, off
81 per cent, while registrations in
the first nine months of this year
numbered 1858. compared with
1883 in the Capital in the like 1887
period, drop this year of Al per
cent.
MARYLAND reported 1859 registra-
tions in September and 1879 year
ago. In the first nine months of
1888 registrations reached 1886,
against 37,9l7 last year, drop of
SO per cent. Virginia reported 1,709
September registrations, against
1921 last year and 22,S79 in the nine
months, compared with 41,366 a
year ago, slump of As per cent.
Bank Loans on Increase.
The Richmond report states that
loans in member banks registered
small increase between the middle
of September and the middle of
October this year, while investments
in securities rose 10 per cent. There
was also a substantial increase in
demand deposits amounting to 3
per cent. All the comparisons are
under the figures at the same time a
year ago.
Building permits issued in 81 fifth
district cities totaled S10,030,113 in
September. 1888, an increase of 46
per cent over August this year and
gain of q per cent over ST 1871 1913
in September, 1887. The report adds
that most of the increase in Sep
TENDER was accounted for by total
of 5.347 800 in Washington. Only
IS of the 81 cities showed higher
figures than year ago.
Contracts actually awarded in the
9th district in September for all
types of rural and urban construc-
ton totaled S27 955 600, a decrease
of IA per cent under August. 1898,
but 2 per cent above S27,476,000 in
September, 1887, the review says.
Recovery in building construction
was not sufficient to offset declines
in purchasing power resulting from
materially lower production of to-
bacco and cotton, the summary
concludes.
Washington Gas Stock Strong.
Several small lot sales in Wash
ington Gas Light preferred stock
were recorded on the Washington
Exchange today at 10lA Later 20,
80 and 10 share lots moved at 101.
Today's market opened with 10
and 10 share sales in Capital
Transit stock at 8, unchanged. Later
emore shares sold at the same price.
Chevy Chase Club Az appeared
on the board today at 104l4 a ST 900
bond changing hands.
On the exchange yesterday single
share of Mergenthaler Linotype sold
at 24l2.
Members of the American Business
Mems Club held their weekly
luncheon at the Hay-Adams House
today.
Commercial Starts Payments.
Receiver Cary A. Hardee has begun
distribution of 10 per cent dividend
to depositors in the closed CONNER
cial National Bank, from his office
at 1886 New York avenue. The new
payment totals $3.50, 900, goes to TO-
172 depositors and brings total to 70
per cent, or more than $4000,00o
Another later payment is already
assured, the receiver says.
Charles w. ODonnell has resigned
as manager of the Minnesota Mu-
tuals Washington Office and has
become assistant manager of the
Prudential Office here, of which
Russell P. Freeman is manager.
Mr.. O'Donnell is vice president of
the District Life Underwriters As
ISOLATION and chairman of the
managers section. He has been in
the insurance business in Washing
ton since 1923.
Frederick A. Fenning. a director
of the National Savings & Trust Co.,
has recovered from an illness which
kept him at home for the last two
months.
open house" drew a throng of
visitors to the National Permanent
Building Associations new quarters
at TIC Tenth street NV. last eve
ming. Building and loan leaders,
bankers, other businessmen and pa
irons were among those greeted by
the officers. The attractive new
offices were made especially attrac-
tive by many enormous baskets of
flowers.
Emmerich Has 18th Birthday.
George M Emmerich, treasurer of
the Northern Liberty Building Asso-
citation, observed his 18th anniver-
sary today. Known as dean of the
building and loan leaders in the city,
he has been identified with the bust
ness for 48 years.
He is also connected with the
American Fire Insurance Co., as sec
rotary, and has been interested in
the insurance business for SIS years.
Still active and alert, he attends to
routine matters at the Office every
day, just as he did 20 years ago.
He was born in Washington and
reared within short distance of
the Capitol. He is vice president Of
Homo ploto Irc,,,oy 10