Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-06
D. {. Building Awards
In September Soar
7OPer Cent Over 1889
Tobacco Sales Score
Most Startling Gains,
Bank Review States
BY EDWARD c. STONE.


S3,172,00O in September, 1889, a
sharp increase of 10 per cent, &C
cording to the monthly review just
issued by the Federal Reserve Bank
of Richmond.
Contracts in the whole fifth dis
trict totaled $35,O17,OOO, below Aug
ust but per cent ahead of last
year in September. The report
quotes the F. w. Dodge figures,
placing Maryland contracts award
ed at $7,453,O0O, up IL per cent over
last year, and Virginia September
building contracts at S7664,00 80
per cent ahead of last year.
Building permits in 81 cities is
sued in September totaled $685.
224. an increase of SO per cent over
the same month in 1889 and % per
cent over the previous month this
year. Permits in Washington to-
tailed S3,296,53O in September, eX-
elusive of Government work.
In the first nine months of this
year permits issued in the fifth
district amounted to $94025 ,916,
compared with sol ,236,608 issued in
the like period in 1889, the report
states.
Tobacco Sales Shoot Upward.
Tobacco markets in the fifth dis
trict in September sold 50 per cent
more tobacco for 100 per cent more
money than in September, 1889,
when the markets were closed most
of the month after foreign buyers
withdrew. Sales totaled 222,042 1856
pounds, compared with 1854 42, 563
a year ago and 52,687557 pounds in
August this year, a Jump of 32l per
cent.
The average price for tobacco in
September was $l5.24 per 100
pounds, off II per cent from the
August price of S1836, put 20 per
cent better than S12.69 paid year
ago. Growers receipts from tobac-
co in the Filth Reserve District in
September totaled $50. 839 1852, up
$50 per cent from August this year,
and comparing with s14,700,426 in
September, 1889. accounting for the
100 per cent gain.
Checking accounts in Washington
revealed practically the same actiV-
ity as last year, debts to individual
accounts amounting to S263, 524 900,
against the slightly lower figure Of
$263,294,000 in 1899. Debts in Is
cities in the fifth district totaled
81 ,309 ,689 900, up per cent from
last year.
d. c. Employment Higher.
Employment continues upward,
the Richmond bank says. From Au-
gust to September the number en-
ployed on District of Columbia pay
rolls advanced AZ per cent and the
total amount of pay rolls moved up
81 per cent.
Automobile sales declined season.
ally, R. L. Polk & Co. reporting pas
Senger car registrations in WASH
ington in September as !, JAG, against
1910 in the same month year ago,
a drop of IA per cent. In the first
nine months of this year, however,
sales in Washington reached 20, 525
new cars, against 1871 in Septem-
Der, 1889, gain of per cent.
Sales in 80 department stores in
the fifth district totaled S11 222, $50,
a jump of per cent over Septem-
Der, 1899, and Is per cent over the
previous month this year. Sale of
1879 wholesale firms in this territory
reached S11, 704000, above August
by 6 per cent but 2 per cent off
from September a year ago, the re-
view disclosed. For the first time
the analysis showed many SubStan-
tial advances in various lines due
to the defense program.
Brokerage Houses Crowded.
Keen interest in the action Of the
New York Stock Exchange on the
first day after the national cleo
ton drew hundreds of investors and
spectators to Washington broker
age Offices long before the 10 o'clock
opening today. Boardrooms remind
ed one of the days of market booms.
Early Wall Street notes predicted
a moderate sell-off at the opening,
on the ground that last weeks move
was largely due to politics and
might have gone too far. Stocks
did open lower, but before 1920
United States Steel, Bethlehem and
many others were higher than the
closing quotations on Monday.
The tape moved at a very lively
pace, and the volume of trading was
most pleasing to brokers. Today's
ticket notes stressed the present IA
vorable domestic business situation,
as vital market factor, pointing
especially to the continued ex-
pansion necessary to national de-
tense.
100000 Phone Outlay Voted.
Expenditures of $107, 900 for i'm
provements in the District of Co.
lumbia have been voted by the di-
rectors of the Chesapeake g. Poto-
mac Telephone Co., Charles A. Rob-
inson, vice president and general
manager, announced today. About
$84 900 will be used to install private
branch exchanges for several of the
companyS large subscribers. So far
this year $10OOO,OOO has been au-
thorized for improvement of serv-
ice, Mr.. Robinson said.
Glasses of Washington Chapter,
American Savings and Loan Insti-
tute, began the years work last
night at the Benjamin Franklin In
stitute, under William H. Rippard,
head of the faculty. The courses
are planned for employees in Wash
ington's % building and loan asso-
Citations. c. E. Kline announces
that the work will be in charge of
the following board of regents:
Clarence E. Fefauver, chairman;
Wilfred H. Blanz, vice chairman;
Fred A. Smith, F. Wilson Camp,
William N. Payne, jr.; Martin A.
Cook, Carl H. Ellingson, Edward K.
Jones, R. w. Santelmann, j. Fitz-
gerald, Robert E. Buckley, Schuyler
Simons Chaplin Bauman, E. C.
Baltz, E. j. Carlson, o. Hermann, E.
L. McAleer, G.. M. Emmerich and