The Washington times., 1927-03-12
RE TAIL I RADE
HERE BO0NS
BY RTCHARn HATTnN

present week has had an upHftinI
affect upon retail business in wash
ington bringing with it the predic
&ion that retail trade from now Of
for some weeks will continue brisI,
New stocks Of both mems an,
women's wear are appearing In loca
hhops while other lines, also. ar,
feeling the beginning Of the spring
Aennand.
The summary Of the Department
Of Commerce covering the business
@ituation In general measured by
check payments to the end OF the
first week In March states:
The dollar volume Of business
during the first week of March
was greater than in either the previ
Gus week Of the corresponding
period year earlier.
Wholesale prices, although
9lightly higher than for the proceed
ing week, continued to- average
lower than for the corresponding
period of 1926.
Loans and discounts of Federal
reserve member banks showed a
slight increase over the preceding
week and were substantially larger
than a year ago.
The Federal Reserve ratio, al
though lower than for the previous
week, was considerably higher than
q year ago. Interest rates on time
money averaged lower than during
either the last week of February
or the correspo bonding week Of last
year.
Prices for stocks continued to
average higher as compared with
both prior periods. and bond prices,
although slightly less than for the
week before, were well above last
years, average.
Interest rates on call loans, al
though lower than last year, were
the same as for the preceding r.~~'-
Business failures, although less nu-
merous than a year ago, were
greater than during the last week
of February"
The above conditions appear to
be carried over into the second
week with, locally, even better con-
ditions prevailing.
While washington, with other
sections of the country, has felt
the usual seasonal quietude which
follows the beginning of the year
there seems no present reason for
believing that the spring business
here will not be equal to, or greater
than, that of last year.
Real, estate, which may be con-
sidered in general as fair criter-
ion of conditions is active with good
demand, money is plentiful ana the
new spring shoWings in the stores
will undoubtedly be found attractive
and stimulating to trade.
Herbert A.. Poole who has been
with The Washington Loan and
Trust Company sixteen years has
resigned the office of Assistant
Treasurer to accept the position of
Assistant Treasurer OF the National
Geographic Society. of which Gilbert
Grosvenor is the president and John
Joy Edison. the treasurer.
The treasurer of the Geographic
Society occupies offices in The
Washington Loan and Trust Build
ing. Mr.. Poole is a brother Of John
Poole, the president of the Federal
American National Bank.
Chairman Harry ". Haynes of the
Washington Clearing House Asso.
citation has announced that the
Central Savings Bank has been ad.
United to associate membership in
the organization.
The Central Savings Bank, which
was organized in 1925 and began
operations on May 81 of that year,
has enjoyed a healthy growth and
at the close of business on March
10 had total resources amounting
to 1913 ,941.38.
President Francis M. Savage, who
organized the Central Savings Bank
and is largely responsible for it's
rapid progress, is spending the
weekend in Atlantic City.
James r. Ellerson, jr., has been
elected director of the Washing.
ton Loan and Trust Company to
fill the vacancy created on the
board by the death of the late
Senator Willard Salisbury.
President Howard Moran, of the
District of Columbia Bankers AS
ISOLATION, has announced the men,
bership of the registration com
nlittee in connection with the re-
gional conference Of the savings
bank division of the American
Bankers Association which will be
held in Washington in April as
follows: George %. Vass, vice
president Riggs National Bank.
chairman: Bruce Baird, National
Savings & Trust Co, vice. chair
man; F. H. Cox, Commercial Ma
tional Bank; T. =. Groom, Wash
ington. Mechanics Savings Bank; T..
Hunton Leith, Security Savings &
Commercial Bank; 1. j. Roberts,
Riggs National; G. w. Shoemaker,
Potomac Savings Bank, and Rob-
ert s. Stun, Park Savings Bank.
Enjoy the pleasures that the owner.
ship of a good used car affords MANY
good used cars are listed in tOday's
Times and Herald classified ads.