Evening star., 1939-07-27
Building and Loan
League Members
Bask at Outing
Home Loon Bank
Officials Are Among
Special Guests
BY EDWARD c. STONE.


Golf and Country Club yesterday.
Arranged by Edward C. Baltz,
chairman, and assisted by Carl J..
Bergman, w. H. Blanz, C. Gay
Harrell and Chaplin Bauman, the
affair began with golf tournament
in the afternoon. A putting con-
test, swimming races and bridge
sessions occupied the visitors time
prior to the dinner.
President Arthur G. Bishop well
coined the guests, including Morton
BodfSh of Chicago, executive vice
president of the U. S. Building and
Loan League; Frank w. Hancock,
Robert N. Nagel and w. L. Catlett
OF the Federal Home Loan Bank
Board. Others present:
T. Earle Bourne, James A. Dono-
hoe, James A. Donohoe, jr.; R. Ed
ward Early, w. Perry Early, Thomas
H Harrison, William H. Harrison,
William N. Payne, jr.; Richard H.
Sinclair and Joseph Stephenson, all
Of the Eastern Building Association.
DR.. George A. Baker, F. Wilson
Camp, Laird Dunlop, Raymond D.
Evans, Harry Gibbs, Henry Gilligan,
John Kerns, Alan E. Reside, Dom
B. Thomas and Oliver M Walker of
the District Building and Loan As
sociation.
Other Members at Outing.
George B. Cowles, Albert o. Den
ham, C. Ray Harrell. w. Owen
Hohenstein. Clarence E. Kefauver
Clarence Warwick, Howard Thomp-
son and J. D. Ekinner of the Co.
lumbia Building Association.
DR.. NJ H. Prospect, George Bren-
nan, B. j. Coyle, w. c. Farmer,
Louis Fuchs, c. H. Kindle, H. B.
Kramer, G. N. Nicely, jr., Morton
Nicely, jr.. and w. H. Blanz, Amer
lean Building Association.
Martin A Cook, Enterprise Build
ing Association; Walter S. Pratt, jr,
and Edward L. McAleer, Equitable
Cooperative; Odell S. Smith, Home
Mutual; j. j. Allnutt, R. w. Frank
lin and L. A. Inabinet, Interstate
Building; John Bullough, R. w.
Santelmann and Martin Wiegand,
Metropolis Building.
r. E. Buckley, Vincent L. Buck
ley, J. J. Cannon, John B. Geier AL
phonse C. Hammer, Francis L. Neu-
beck, Harry M. Packard, Vincent
Toomey and Joseph zegowitz, Ma
tional Permanent; A. G. Bishop, E.
C. Baltz, j. M Dyer, w. Crowell
Ray Espey, V. Owen, w. H. Rippard,
B. G. Roy and Thomas Scrivener,
Perpetual; w. H Boyse, E. J. Carl
son and H l.. Cobb, Prudential.
Edmond Emmerich, j. Gertmann
and w. Zimmerman, Northern Liber-
ty; John H Burnett. Louis c. Dis
mer, Var Ehlers, Chaplin Bauman,
Ernest Gerner, John G. Kolb, John
j. Kolb, Thomas B. Young and
Ralph A. Xander, Oriental Build
ing; Walter B. Avery, c. j. Berg
mann, John H. Clipper, Julius A.
Maedel, Clyde H. Miller, Joseph
Pricci and Max Walten, Washington
Permanent, and James c. Clinton,
C. Haywood Marshall, HaWley
Smith and Fred A. Smith, Columbia
Permanent.
ID. c. Collections Hold Up.
Department store collections in
June held up well in Washington,
according to the Federal Reserve
Bank of Richmond's retail trade re-
view, out today. During the month
29.2 per cent of the outstanding bills
were paid which is slightly better
than the average record for the
Capital. The fifth district record
was 307 per cent, Richmond, 32.7
deficit after charges of s3,862,642 IN
and a group of other cities, 282 per
cent.
Stocks of goods on hand at the
end of June were 5.4 per cent lower
than at the end of May but 3.8 per
cent higher than at the end of June
q year ago. Stocks were up in the
whole district 27 per cent.
Retail sales in Washington, as al
ready announced, were "A per cent
higher in the first half of 1899 than
in the like 1888 period and 2 per
cent higher in June than in June,
1898.
Southern Earns Fixed Charges.
Southern Railway earned all of
its fixed charges in the first half of
1889 and had net income of S45,-
1854 for the period, compared with a
deficit after charges of 1882 ,642 in
the 1888 half year, President Ernest
E. Norris reports. Net income in June
was S629, ,583. sufficient to wipe out
the loss of $583,719 for the first five
months and leave the balance of net
income for the six months. July
traffic is holding we'll above 1888,
with II per cent increase in car
1oadings, Mr. Norris stated.
No matter what interest rates
banks establish, interest on postal
savings and on United States (baby)
bonds will not be changed, according
to a Treasury statement. The 2 per
cent interest rate on postal savings
will be continued everywhere but in
New Jersey, the statement said.
There has been no thought of any
change in baby bond interest, which
was fixed when the bonds, now so
popular, were first issued. The yield
en- baby bonds is approximately 2.9
per cent.
Heard in Financial District.
Southeastern Greyhound Lines an
nounces a dividend of so cents on
common, payable September 25
Previously this year, the company
paid common dividends of so cents
each on January 25 and May 25.
Bendix Aviation Corp. has de-
clared dividend of 25 cents on COM
mon, payable September l. A SIM
liar amount was paid on June /
last which was the first payment
since December, 1887, when a 25-
cent dividend was also disbursed.
The Norfolk & Western Railway
reports for six months ended June
30, 1889. net income of $8,363 621
after taxes and charges, equal after
dividends on 4 per cent preferred
stock, to s562 a share on LAOS, ,48;
shares of common stock. This COM
pares with net income of $4,516,47e
or 50 288 a common share in first hall