Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-06

F15cTN 10 %IpfF FNpH1lSfDIl ia SNAtAA1ltfAA
and Washington since 1928
Stock of merchandise on the ShelVe
Of the reporting stores were rs per cen
lower in selling value at the END o
June. 1923 than year earlier ana were
Sc per cent smaller than month
earlier. the latter decrease being a sea
eonal development.
The percentage OF sales IN June Il
average stocks carried during the month
vas PA per cent for the district rs
whole. and the percentage OF tota
sales during the first half OF this yeal
To average stocks carried during eacf
az The six months was l54.5 per cent
indicating an annual turnover OF SOS
fines During the first six months 81
1907 rf,e turnover was at rate or 500
times The increase In turnover rate
was. considerably more than the average
IN Richmond and Washington and was
slightly above the average IN Baitlfnofe
hsIt q marked decline in other clAes
, Iouered the average for the district.
collec;ions bv % Of the 80 reporting
stores during June totaled 2a.5 per cent
Of outstanding receivables as OF June J.
q slightly lower percentage than was
reDo~ted in May this year. but hlgner
figure than 267 per cent collected IN
June, 1927.
Row A. Young, governor of the Fed
eral Reserve Board. is back al his desk
after a vacation passed in the West.
rvsr sinre the rising Of rediscount
rates for the second time the Reserve
Board has been much in the limelieht.
Nnw along comes suit aimed AT pre-
venting the latest rates in New York
from being kept in effect. Naturally
the eyes Of the country turn to the
Federal Reserve System whenever any
new financial move Is reported
yet many people do not know VINO
constitute the board. In addition 10
Gov. Young. former Representative
plat of New York. is vice governor.
THE other members are Adoiph C. Mil
Ter. Charles S. Haullin Edward H. Cum
nsnchar1 and George r. James. The
Secretary Of the Treasury and the
controller Of the currency, Is the chief
fiscal agents of the United States Gov
eminent and the head OF the national
banking system. sit as eG-officio MEM
bsrs Of the board.
The board has spacious Offices in the
Treasury and carries on its important
deliberations around a long mahogany
table. Yet some Of the longest sessions
are not given more than three lines IN
the press.
Mere Help From Banks Onered.
'How 10 Use Your Bank for Profit is
the title Of q little prosperity handbook
which mentions Is different ways OF
making profits b. greater use OF oanK,
ing facilities Another booklet enttlec
"How 70 Make the Family Income &c
Further explains why one family has
an easv time financially while another
of the same size and income hnds tIle
struggle so hard.
These are . in a series Of Is book
lets being given free distribution 70
anv one Interested by the Security
Savings g. Commercial Bank. Ine
fooggets on what boys and girls should
know about money are particularly III
feresting in their suggestions.
Building credit, owning homes carry
iag life insurance ana gaining greater
fY.6eDeudence are subjects Of pFoad IN
teTest The number Of different serv-
ices every bank offers 10 its customers
IS amazing when all are enumerated
Making practical use OF many OF them
rnsv be- one Of the big reasons WIS
snr1e people have SO much more money
ti1Fn others.
Local Tulsa Club Launched.
sTsne board OF governors Of Washing
enr Chapter. American Institute Of
Tanksr,r has authorized the opening Of
al ION To Tulsa Club" in connection
xfh next June's national convention
In q letter set out by A. r. Henze, IN
stlfttp members are urged 70 plan 10 al
tend and 10 set aside SO per month "
carer part Of the expenses, which are es-
tInsted at $50. TFe chapter has started
oh early 10 have the best representa-
ti9n ~ any al Tulsa II is believed tna'
tr1f saving IN advance plan viii prove
efs immense value 70 the local delegates
Conference On Credit Plans.
Etepren I. Miller. executive manager
IF no National Association Of Credit
hfea, was in Washington Saturday
WE1,le here ne held a conference with
Later r Watts. national director from
WEsnington; w. G. Hanson, former ma
fiala] director, and George G. Shinn
Yerresentafivc Of the national asSocia-
ion in washington 4 general discus
eBo1 Of the national program for the
coming year occupied most 81 their al
teEti0n.
Washington Gas Leads Market.
washington Gas stock led the loca
r4srket toa2v, 951 shares changing
hands during the session The stock
sgnered 81 81 and closed At 9si2 Three
bauk stocks came out National Bank
d washington selling a. 3I2. Merchants
Bark a. Trust Al 1913. ano Potomac SaE'
lngs Bank ~ 32a, holding its receni
Jump 81 Is points
CAPITA Traction sold ~ l04. fanst0r
81 Jj2 and other miscellaneous issues
o. recent levels. Bonds we're neglected
Heard Ia Financial District.
George . Watson. president Of th
liberty Rational Bank, was bark at hi
dez6 t0GSg after months vacation
spent a. MS Summer home on 6outi
PiHer
fAnler p. McTachIop president ~ III
MnIacnlen Banking Corporation. ia
returned fro ma months vacation j
Connecticut
Peter 4. Dflrg president " the Mef
enanfs Bank IL Trust Co &as back Il
the citg todaF after several days res
1T his Summer estate al B5Befnont Va
James II Baden. Elce president 0f IN
Commercial National Bank il away o
his vacation sud Frederick II Cos
cashier Of the bank. was PACK on dut
Loo8y
Charles G. lamb0fn treasurer ~ IN
National Savings A. Trust 10, has g0n
on his escatlGn selecting The Shenan
oaah VALLEY - hiz goal Re plans {
hsne Zip some mes records 80 bas
fsnlng.
Fueene Il. Thompson head NJ Cram
Paris e. % hae arranged an eytende
fris to the Pacific Cosst
Thomas r Hickman. "tce presldef
nf the Franklin National BANK ieays
here his week for vacation visit
Maine.
The average man IL better al cor
sessjng The mistakes Of ether Poop
saan he is at aekpo gleaglng hls own.