Evening star., 1939-12-07
Store Sales Continue
Well Above 1888
In Fifth District
Gain of a Per Cent
In October Reported
By Richmond Bank
BY EDWARD C. STONE.

1872 in October a year ago, an in
crease of per cent. according to the
November review just published by
the Federal Reserve Bank of Rich
mond.
Sales of 200 wholesale firms in the
fifth district amounted to $13o32,-
600 against $11,735,00 in October,
1898, registering a gain of II per
cent, although this figure declined
from September of this year.
Tobacco markets, which resumed
selling in october, reported sales in
pounds as ITS per cent above Sep
tember and as per cent better than
In October, 1888. Prices. too, though
much lower than year ago, scored
q moderate rise during the month.
d. C. Auto Sales Up 109 Pct.
The Richmond bank reports that
new automobile registrations in the
fifth district during the month
totaled $4,000 cars, introduction of
new models causing rise of 80 per
cent over September and 78 per cent
above October, 1898, when sales
numbered 6.575 cars.
Washington registrations in Oc-
tober totaled 2,22l cars, against loss
year ago, jump of 100 per cent.
Registrations in the District for the
10 months of 1889 totaled 81 1,412
against 1853 in the like 1888 Pc
riod, or a gain of 81 per cent, the
Richmond report states.
Registrations in Maryland in Oc-
tober numbered 2,57O. gain of 81
per cent, and 32,066 in the 10
months, an increase of 81 per cent.
Virginia October registrations to-
tailed 1885 cars, up 80 per cent and
34,665 in the longer period, an up
turn of 42 per cent.
In November. the survey adds,
sales were held back to some extent
by inability of one leading manufac.
turer's dealers to secure new cars
because of an industrial dispute.
Sales of used cars are reported good,
and dealers say they have no un-
usual stocks of secondhand cars on
hand.
Cap1tai Leads IN fermltS.
Building permits issued in 81 fifth
district cities in October, 1888. regis
tered an unseasonal increase and
totaled $14,O32 ,486, the highest figure
for any month since November,
1928. Washington with S8,499 1896
accounted for the high district total
Baltimore ranked second with ST.
Diol, ipI yryif e0OE
7OS, Charlotte fourth with $780, las,
and Norfolk fifth with $2l7,131. In
October. 1888, the 81 cities issued
permits totaling s8.383,620 Permits
issued in the first 10 months of 1881
amounting to $105, 1853 ,094 show an
increase of 43 per cent over permits
totaling $73, ,493 ,046 issued in the first
10 months of 1888.
Contracts actually awarded in Oc-
tober for construction work in the
fifth district totaled $28,276, 900. a
decrease from $32,058, 900 awarded
In September, 1889, and II per cent
below the October, 1888, total Of $34,-
2O5 1000. A decline in contract awards
In October from September is sea-
sonal, chiefly because little new work
on highway construction Is under
taken at this season.
Quoting the F. w. Dodge figures,
the Richmond Bank says that Wash
ington construction contracts totaled
S4,O35 900 in October against $5,O07,-
600 year ago, off 19 per cent. Mary
land contracts awarded totaled So
O12,00O, down Is per cent and Vir-
ginia $7,276,000, a drop Of 10 per
cent
October found a gain of 81 per
cent in the number on Washington
pay rolls and an increase of 3.6 per
cent in the amount of pay rolls.
Between October II and November
Is, loans discounts and deposits in
the fifth district were higher.
In November debts to individual
accounts in Washington banks
totaled s277,S73.o 900, 10 per cent
higher than year ago, and 6 per
cent above October, the survey said
Booker and Nolan Honored.
The National Association of Sc
curities Dealers, Inc, announced to-
day the appointment of James
Parker Nolan of Folger, Nolan &
Co.. Inc. and Y. E. Booker of Y. E.
Booker g. Co.. both of Washington
as the Local Business Conduct
Committee of the Association for
the District of Columbia.
The Local Business Conduct Com
mittee is delegated by the District
Business Conduct Committee to
hear trade practice complaints in
this area. The committee will
recommend the disposition of the
complaints to the District Business
Conduct Committee for district No.
II. which will make the final deter
mination in each case, subject to
appeal to the national body, the
Securities and Exhange Commission
and the courts.
Babson Conference Planned.
Thomas H. Boyd, Washington
representative of Babsons Reports,
announced today that three staff
members from the head Office will
speak on the general business and
investment outlook at the Willard
Hotel Saturday at 10 o'clock, busi-
nessmen and investors being invited
to hear the discussion. Questions
will be welcomed from the floor.
Babson's Reports recently pre-
dicted that the business outlook
for the first quarter of 1910 in
Washington is brighter. I'VE look
for an increase during the first
quarter of about per cent over
the first quarter of 1885," the report
said.
Financial District Notes.
Charles Delmar, president Of the
Lincoln Service Corp, entertained
his Board of Directors at dinner
last evening at his home, 2438 Bel
mont road NV. Special guests of
honor we're George Boncesco, Finan-
cial Councillor of the Rumanian Le-