Evening star., 1940-11-10
Rail ConcIave
To Hear D. {.
Executives
Addresses by Pelley,
Fletcher & Norris
Are Scheduled
BY EDWARD C. STONE.

washington men Will play prom
inent role in the program and pro-
ceedings in the annual convention
of the Association of American
Railroads at the Biltmore Hotel
New York, on Wednesday anc
Thursday, it was announced at
headquarters here yesterday. Those
from this city who will address the
convention are John J. Pelley, as
<ociation president; r. V. Fletcher
ice president and general counsel
and Ernest E. Norris, president OF
the Southern Railway System.
Other A. A. R. officials from Wash
ington include M. J. Gormley, eXecu.
tive assistant; Charles H. Buford
A.F. Cleveland and E. H. Bunnell
vice presidents; Warren c. Kendall
chairman of the Car Service Di-
vision; J. H. Parmelee, director ol
the Bureau of Railway Economics;
j. Carter Fort, general solicitor
Robert S. Henry, assistant to the
president, and Holcombe Parkes
associate director of public rela-
tions.
Among Government officials who
will be present are William j. Pao-
terson. member of the Interstate
Commerce Commission, and Frank
S. Fowler, director of the Bureau OF
Accounts of the l. c. C.
Other WashingtonianS having
convention reservations are j. M
Hood and C. A. Miller, president
and vice president, respectively, Of
the American Short Line Railroad
Association; Edward F. Lacey,
executive secretary of the National
Industrial Traffic League; Fred N
Oliver, counsel for the National AS
sociation of Mutual Savings Banks
and J. G.. Luhrsen, executive secre-
tary of the Railway Labor Execu-
tives' Association
The convention will be one Of
the largest and most important rail-
road gatherings in recent years, and
will be attended by business, farm
and industrial leaders as we'll as
railroad executives from all parts
of the United States and Canada.
Loan Leaders OFF to Chicago.
Washington delegates to the 48th
annual convention Of the United
States Savings and Loan League
opening in Chicago tomorrow, will
leave the Capital this afternoon
aboard a special Baltimore g. Ohio
car to join about 1000 other dele
gates expected at the conclave
William N. Payne. jr., president OF
the District Building and Loan
League. heads the party from here.
Accompanying the league official
will be Mr.. and Mrs. S. Wilson
Camp, District Building Association;
Mr.. and Mrs. r. w. Santelmann,
Metropolis; Mr.. and Mrs. Martin A
Cook. Enterprise: Mr.. and Mrs. Ed
ward K. Jones, Interstate; Mr.. and
Mrs. Clarence E. Kefauver, Colum-
bia Federal: Mr.. and Mrs. Edward
L.. McAleer, Equitable Cooperative;
Edward C. Baltz, Perpetual; Carl H.
Ellingson. First Federal; c. Clinton
James, Columbia Permanent; Will
liam c. Zimmerman, Northern Lib
erty; Ralph A Xander, Oriental;
Mr.. and Mrs. E. J. Carlson, Pru-
dental. and Howard S. Gott, North
western Federal.
Carl J. Bergman. Washington
Permanent, and Mrs. Bergman left
here Friday for the sessions Of the
Executive Council, of which he is
member. The vice president OF the
local league. .Wilfred H. Blanz, and
Mrs. BlanZ also are in Chicago.
Fifth District Leads Nation.
Department store sales in the first
a weeks of this year in the Fifth
Federal Reserve District were s per
cent higher than in the like period
q year ago. the best gain in any OF
the Il districts. the Federal Re
serve Board announced yesterday.
Cleveland and Atlanta had 7 per
cent gains in the same 10 months
and sales in Chicago and st. Louis
were 6 per cent better than last
wear. the review added. All districts
were ahead of 1899, although Bos-
ton. San Francisco and Kansas City
areas registered advances of only l
per cent.
Store sales in the whole II dis
tricts averaged per cent higher
than a year ago in the 10 months,
the report said.
Foreclosures in Sharp Drop.
Urban real estate foreclosures by
all types of mortgage lenders in the
first nine months of 1910 were 27
per cent below the same period OF
1920 il was announced yesterday
bv the Federal Home Loan Bank
Board.
In the January-September period
s7.527 urban foreclosures were re-
ported, as compared with 1884 in
the first nine months of last year.
In the District of Columbia there
were 252 foreclosures in the nine
months, against 260 year ago, a
drop of 81 per cent. Maryland
foreclosures numbered 1929, on 10
per cent from 1899.
Virginia foreclosures dropped to
lob. a notable improvement OF 21.4
per cent.
Trading on ID. c. Exchange.
One hundred shares of National
Mortgage & Investment preferred
stock sold at on the Washington
Stock Exchange yesterday, un-
changed from the last previous sale.
The exchange had one of the best
trading weeks of the year, new 1910
price peaks being frequent.
The Washington Stock Exchange,
banks and all other financial insti-
tutions in the city will be closed
Armistice Day.
n T E.