Evening star., 1939-09-14

mittee chairman. will preside
Miss White was the guest speaker
at the annual dinner last year, her
address resulting in a demand for
a return engagement.
Other speakers will include Ord
Preston. president District Bankers
Association; Francis E. Robey, presi-
dent Washington Chapter, Ray
mond B. Dickey dean of the faculty,
and Edward M. Blaiklock, education
al chairman. Mrs. Helen Sharpe,
Bank of Commerce & Savings, will
render vocal number.
d. C. Building Awards Climb.
Private building and engineering
construction contracts awarded IN
the Washington metropolitan area,
during the first eight months of 1889,
topped public contracts by huge
margin of about S20,000,000, and
scored a substantial gain over the
like 1888 period, according to Henry
A. Johns, Washington manager OF
Dodge reports.
Washington metropolitan area
building, both residential and nom
residential, and engineering con-
struction for which contracts were
signed by private owners during the
January through August" period
reached $56,155 900. In the same pc
riod various governmental agencies
contracted for work valued at $780,
443,O00
The favorable position for private
building in the Washington area is
heightened by comparison with
the 1888 records. Last year contracts
awarded during the eight months
amounted to $33,477 900. At that
time public contracts totaled S13,-
$4,000.
Preferred Stock Off Board.
Peoples Drug Stores 612 per cent
preferred stock, which has been
listed on the Washington Stock Ex-
change for many years, will be
dropped off the list tomorrow. Sew
eral months ago the stock was
called for redemption on Septem-
ber 15.
The preferred stock was called at
110 and accrued interest and own
ers were granted the opportunity of
obtaining payment at once, without
waiting for the call date. Several
weeks ago many holders turned in
their stock and invested their
money in other issues
Real Estate Turnover Mounts.
Frank J. Luchs of Shannon &
Luchs Co. told members of the So
ciety of Resident Appraisers meet
ing at the Home Loan Bank Build
ing that real estate turnover in the
Capital in the first eight months of
the year was more brisk than in
any recent year and predicted fur
ther increase in the next year as
result of the continued expansion
in home construction and increase
in employment in Washington and
vicinity. The real estate executive
also discussed appraisal methods
used successfully here and in other
cities.
Heard i'm Financial District.
D. j. Needham, general counsel Of
the American Bankers Association,
and j, o. Brott, assistant general
counsel, will leave Washington next
Tuesday for Seattle to attend the
A. B. A. national convention.
T. Howard Duckett, president of
the Prince Georges Bank & Trust
Co., will attend the A. B. A. con-
.vention.
Leo H. Paulger, chief of the divi-
sion of examinations, Federal Re-
serve System, also has reservations
for the Seattle meeting.
Thomas J. Groom, vice president
of the Bank of Commerce & Saw
ings, has just returned from a
months vacation, which included
an extended trip through the South.
His former home in Alabama was
one of the places visited.
John R. Waller, president of the
International Bank, Jackson place,
is taking few days vacation at
Atlantic City, stopping at the Sher-
burne.
Nine shares of Washington Gas
Light common stock sold at 27A
on the Washington exchange, the
first transfer since the recent ex-
tensive public sale of the stock.
The market closed with 27A bid
and 281a asked.