Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-11-08
B. & 0. Car|oadinqs
During October
Far Exceed 1893
Increase of Sd, Az
Cars Reported
In 248, 361 Total
BY EDWARD C. STONE.

CarlOadlngS Tor october tOtaled 248,-
36l, an increase of 81 442 loads over
october, 1888, when loadings totaled
193,9l9. Of the cars loaded in Octo-
Der, l62,0ll were loaded on the COM
panys lines and 86.35O received from
connections.
october loadings also showed an
increase of 22,SlS cars over Septem-
Der of this year which totaled 225,-
543, including 147,123 cars loaded
on line and 1920 received from
connections
For the month of October, $780,
total loads were 292l95 embracing
1911 ,005 cars loaded on line and 1Ol,-
100 received from connections.
Carloadings for the week ended
November 4 we're 55,743, an increase
of 1920 loads over the correspond
ing week of last year.
While carloading figures are still
far under 1896 marks. yet they are
significant and indicate an improve
ment that cannot be ignored. Should
the present trend continue the fl
nancial statement will reflect still
further betterment in the final
quarter of 1889.
LanstOn'S Business Picks Up.
Business of the LanSton MOnotype
Machine Co. is currently showing
improvement following some slowing
up earlier in the year. The COM
pany's domestic business, says to-
days Wall Street Journal, is at sat-
isfactory levels, but foreign volume,
which has suffered somewhat in the
last year, has received further set
back since the outbreak of hostilities
abroad and was among the factors
contributing to action of directors
last week in reducing the quarterly
dividend rate to so cents from the
81 paid since early in 1888.
Lanston stock has recently been
selling on the Washington Stock
Exchange around 36. 1t sold earlier
in the year as high as 54 and is
widely held in the Capital. Officials
announced recently that the COM
pany is perfecting new model
which will go into production
shortly.
Corson to Address Bankers.
H. 4Nol man N'ldSSo, OIllOll 1 uSU
Co., chairman of the auditors sec
ton of the District Bankers As
ISOLATION, announced today that the
next meeting will be held at the
Lee House tomorrow evening at
o'clock.
The guest speaker will be John
j. Corson, director of the Bureau
of Old Age and Survivors Insurance,
Social Security Board. His subject
will be 'Old Age and Survivors In
surance as it Affects Bank En-
ployes."
Recent rulings in regard to bank
employees make this subject most
timely. an extra large attendance
being predicted.
Collection Rates Improve.
The rate of collections on depart
ment store open, or charge, &C
counts in September. 1889, showed
an increase from August of nine
tenths of / per cent, according to
an announcement made today by
the Bureau of Foreign and Domes-
tic Comerce, Department of Com
merce. Last year the rate of COL
lections declined l per cent in the
same period.
The ratio for September, 1899, of
$40 per cent was 4.8 per cent above
the rate of collections in September, |
1888. According to data secured |
through the Federal Reserve Banks, !
open-account collection ratios were
above September, 1888. in IL of the
IL Federal reserve districts, with
no change being reported from the
Atlanta district.
On inStallment accounts the col
lection ratio increased from 1853 per
cent in August, 1899, to 17.2 per cent
in September, indicating a gain in
the rate of collections on these
accounts of 24/1O per cent.
New Christmas Savings Peak.
Santa Claus is going to have
well-filled pack this year as a result
of regular weekly deposits in mutual
savings bank Christmas club &C
counts throughout 1899. Following
their upward climb for some time
past, these deposits have reached
new high point. The total for II
States in which mutual savings
banks operate will amount to SOL
3849l4, belonging to l.438,732 Christ
mas savers This is an average
account of $4267.
New York easily leads in point of
deposits and depositors, the aggre-
gate amount being S27, 1900l6, holi-
day funds of 636,094 depositors
Massachusetts ranks second and
Connecticut stands third.
Increased saving for Christmas
this year undoubtedly reflects i'm
proved business and employment"
said John w. Sandstedt, executive
secretary of the association. Also
special purposes.
Heard in Financial District.
j. Frank White, president of the
National Bank of Washington, spent
the week end at Atlantic City, at
reunion of bankers, who took a spe-
cially conducted tour to and from
the A. B. A. convention at Seattle.
There were 80 of the original party
present, guests of the New Jersey
Bankers Association.
Daniel j. Murphy, just installed
president of the Security Club of
the American Security & Trust Co.,
has been one of the clubs most &C
tive members and has a fine record
with the bank The clubs other new
officers are Robert P. Talley, first
vice president; Y. D. Hollingsworth,
second vice president: John F. Don
ovan, treasurer, and Mildred V.
Barker, secretary
Sidney Simon, Washington branch
Office of the New York Life Insur-
ance Co., advanced to the head of
the field force in September by pay
ing for larger number of applica-
tons than any other agent of the
company. Mr.. Simon has been