The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-06-27
Business conditions with |
and manufacturer

/ 6uSlI6SS WIFI Tie
merchants and manufacturers are
| found to be satisfactory. The
| volume Of business for this year
will undoubtedly be greater than
that of a year ago. Some of the
merchants look for decline in
price in several lines OF their
merchandise which would mean
that more sales would have to be
effected in order that the volume
| Of business done might be salts
factory.
Basic conditions are favorable
to retail business, but It is the
feeling among the merchants that
they should keep their stocks on
hand rather small and to turn
them often so they can readily
take advantage of any opportunity
orfered in the market in order that
their profits will be substantial.
Credit Changes Urged.
your committee recommends 70
the association that improvement
can De erected in the credit depart.
ments or the banks with respect to
the data obtained, particularly to
merchants and manufacturers.
1t is the general practice, where
the bankers are extending credit to
merchants, to require them to file
statement of their assets and
liabilities at least once a year, but
in order that a closer contact can
be effected between the banker and
the merchant your committee recon.
mends that in addition to the state
ment Of assets and liabilities, month.
~ or quarterly operating statements
OF income and expense also be filed
by the borrower.
This recommendation at the out
set might incur some slight hard
ship and changes in accounting
methods, but in the end, would
prove. undoubtedly, of great benefit
to the banker as well as the mer-
chant. The banker being familiar
Win the statements rendered by
others in a like business, would be
In a position to quickly point out
TO the merchant If he was operating
at less profit or less advantageously
than his competitors
Thanks Association.
In concluding his report, Chair
man Fleming said:
Your chairman, in concluding,
desires to take the opportunity to
thank the president and officers of
the District Of Columbia Bankers
Association for their always help
ful cooperation with the commit
tee on commercial trade activities
and also desires to express again
his thanks to the chairmen of the
four sections and to the members
OF their committees for their splen-
did cooperation which he feels has
resulted in benefit to the associa.
tion."
In addition to Chairman Fleming.
the members of this committee are:
Real estate and building matters,
Howard Moran, chairman, A. H.
Nevius, j. w. Riordon and Fred
Mckee; finance and mortgage COM
panies, Fernand Petit, chairman,
and H., g. Hoskinsin, G. D. Boyer
and James H. Baden; automotive
trade and financing, L. A Slaugh-
F.. p. Harmon, jr., and II. L.
Selby; committee on merchants and
manufacturers, James Trirnble,
chairman, and F. ]. Stryker, "A. s.
Galley and w. w. NARROW.
Bridge Party Held.
Following a delightful luncheon
at the Cascades Club yesterday a
bridge party was held for the
ladies of the bankers parry. Six
beautiful trophies were provided
for the event and were won by the
following:
First prize, six silver dessert
dishes, won by Mrs. John H. Small.
Second prize, silver bowl, won
by Mrs. Powell Browning.
Third prize, silver candlesticks,
won by Mrs. Walter B. Gray.
Fourth prize. silver cream and
sugar bowls, won by Mrs. John T.
Newbold.
Fifth prize, silver bonbon dish,
won by Mrs. Harold E. Doyle.
Sixth prize. silver jewel case. won
by Mrs. Harry F. Clark.
Clyde Asher won the w. B.
Hibbs cup in the annual golf
tournament yesterday. This is Mr..
Asher's second win. If he captures
the cup another year, he retains
possession Of it permanently.
The final social event of the con-
vention will be a family dinner
to be held tonight. This is the
browning social feature of the Hot
Springs trip and will be replete
with wit and goodfeIlowship. John
D. Rockefeller, ,Jr., and family, and
Chauncey Depew will be guests of
the bankers on this occasion and
both will make short addresses.