The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1926-12-29
SETS new
SALES RECORDS
BY RICHARD HATTON

BY RICHARD hAIION
Business generally has moved into
the usual period of quietude, which
Is to be expected between Christ
mas and the new year. According
to Dun's Review, which makes q
weekly survey of business condi-
tons: mo important new move
ments in business are to be ex-
pected near the year end, and none
have occurred. What has probably
been the largest aggregate Christ
mas trade on record has been COM
pleted, many current dispatches
stressing the great magnitude of
the turnover, and few complaints
being heard.
Employment Of workers, though
showing a seasonal reduction in
some lines, is SO extensive as to
maintain the public purchasing
power at a very high level, no
serious strikes prevail, and some
protracted troubles have been ad.
justed.
Labor Conditions Good
Hence. the year is closing with
satisfactory labor conditions, on the
whole.
"The fact that stocks of goods
IN nearly all quarters are relatively
small is one of the strongest points
Of the present situation, as it neces-
states the frequent placing Of fill
ang-in orders.
The undertone this week has
been firmer, Dun's list of wholesale
quotations showing practically an
equal division Of advances and de.
clines.
New Records Made
The lower prices for most farm
staples this year have materially
reduced the estimated value OF the
crops, but q number OF products
show increases in production, with
rise aof about % per cent in the
wheat harvest. The unprecedented
interest and dividend disbursements
reflect the prosperity experienced
In numerous lines. while bank clear
tngs for 1926. despite q recent trend
toward decrease, notably In the
SOUTH viii be unexampled.
with the publication Of state
nients by banks which win be call
ed for. probably. as OF December 81,
It viii be possible to note the
growth Of local financial institutions
during the year 1896.
The last date upon which the
comptroller called for e statement
Of condition was six months ago.
Much interest will be manifested In
the reports made in response to the
next call, although the condition or
any individual institution upon the
exact date OF call does not, neces-
sarily, indicate the normal run OF
business
The expectation il that practically
All banks viii show improved condi-
lions over one year ago.
President Joseph Schiavone, Of
the international Exchange Bank,
LETT Washington last night for New
Jersey. where IS the guest OF Fred
erick w. Donnelly, mayor OF Tren-
ton, he viii partake in the celebra-
ton Of the Sesqui-C Centennial or the
Battles OF Trenton. Afterwards he
win attend the banquet Of the Tren-
ton Historical Society tonight at
the Stacy.Trent Hotel in Trenton,
where President Coolidge win be
the chief guest Of honor.
Barnum i. Cotton, assistant trust
officer OF the District National
Bank, was married in st. Louis
this week to Helen Crane. The
bride is the niece OF the late Civil
Service Commissioner Helen. Gard.
liner.
President Francis NJ. Savage Of
the Central Savings Bank has re-
turned from the eastern shore OF
Maryland. Assistant Cashier c. e.
Way Of the same institution has
returned from New York.
The annual meeting Of the stock
holders Of the Seventh Street Saw
ifgs Bank viii be held on January
II, according to notices issued by
that institution.