Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-08
D. c. RETAIL TRADE
SHOWS APRIL GAIN
~E4 rtaT
Reserve Bank Report Indi-
Gates cCity's Stores Have
G .~--rA Cz@ Eftt Is
Increased Sales.
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BY EDWARD C. STONE.

- rr.kfl = = . EINL :
a According to tnelAasest; reports from
ffs' FEDERAL ResSryk fink 7sk Richmond
on rretah Essae 80 xttfi sT Aistffct. Wash
ingtoa-eteFes~d did 81 mere business in
April Of this yeSafE =s4sff Hhii==the same
nAopth in 1928. The percentage of in
crease in total sales sinosfhnuary l,
oyer sales during the firs.efehf months
Of 1928. was A. psr SeRA - :.
AIRING &RE l tbs iss ssg5l sf lies
elusive, was q. per cent, The per-
centagS inefease of se6ygf6 Hand in
April of this year compared with the
same month year ago wa4N31 per
cent. The percentage Of sales In April,
1929, to the averagesstoekFcarTlea dur
ing that tn t month If WasAhstS stores
The figures given out S this week fur
sales since January 1bSd tHs average
stock carried during each ofhtheufour
elapsed months was 100 per cent, The
percentage of collections in April in
washington to the total accounts re-
ceiyable on April /, 1929, was 1928 per
cent.
sold IL per cent more go6ds, gssured
in dollars, than in April, 1925, and
averaged 80 per cent largeEaies than
average April sales during tife three
years 1923-1925, inclusive. The larger
volume of business done In March and
April overcame the unfavofakl Die Show
ing Of January and February. and total
averaged % per cent more' than sales
during the first four months Pf 1928.
Stocks of merchandise Ton tn AAlves
of the reporting stores were eight-tenths
of / per cent lower in selling value az
the end of April, 1929 THANH 2. year
earlier, but were 2sa per csR bigger
than a month earlier. 4 ~
The percentage of sales to average
stock carried during April yves 26.5
per cent for the district as a Whole,
and the percentage of total sales during
the first four naonhs of his syearA TO
average stock carried during seacH of
the four elapsed months vas f6S.s per
cent, indicating that business since jan
uary l was at an annual turnover rate
of 3.117 times. During the f1rst four
months of 1923 the taFpofer rstewa
1883 times
Bankers Plan ,AnnBaL, Outings,
EMPLOYEES of the Union Trust Co. and
Thomas j. Fisher & Co.! fHes adGa their
families will assemble at these institu-
lions this afternoop sn fern auto to
President Edward .. B9ltageh of the
two companies, west Hiver, near
Galesville, Md.
The committee in charge consists OF
Irving Zirpel, Mr.. and Mrs. S. w. Miller,
Miss Florie Stacey, Mrs. H. D: Miller,
Mrs. Alkaline Heath, Miss Edna Nc
Knew, Miss Christine Haggerty. Mr..
and Mrs. w. c. Dieter, Mrs. Charles r.
Brown and Mrs. H. E. Doyle. On ar
rival at the Oaks, the group will be
greeted by President and Mrs. Stell-
wagon.
The annual outing of the Washing
ton Loan g. Trust Co. will take place
this year at Point Lookout Hotel, Point
Lookout, Md. The party left here
shortly after the bank closed this noon
and will return tomorrow evening.
Ralph Endicott, assistant treasurer, and
Charles b. Osborn of the trust depart
ment are in charge of the arrange
ments. Every department of the bank
win be represented at stunt night"
this evening.
Cleaned in Financial District.
Carl r. Kurtz Of Stroud, Kurtz 81 Co.,
investment bankers in the Transports
ton Building, is taking the three-day
Irip WtCn Tie SOuCueaSUeEu QlVlSlOn Oh
the Investment Bankers Of America.
The party left Baltimore late yesterday
for a cruise to Old Point, Hampton
Roads, Norfolk and yorktown. When
not cruising they were to stop at the
Chamberlin-Van at Old Point,
returning to Baltimore Monday morning.
The volume of money turnover dur
ing the week ended June !, as indicated
by check payments, was lower than in
the preceding week, but showed sub
Stantial gain over the corresponding
period Of 1928, according to the Depart
ment of Commerce.
Gov. George j. Seay Of the Federal
Reserve Bank of Richmond reported
yesterday total resources of 1910, 764 900
for that institution at the close of busi-
ness June S.
Commercial Credit stockholders are to
vote, July 2, on increasing authorized
common to 5000, 900 ro-par shares, from
100000, retiring or exchanging pre-
ferred, and creating 1,000,0 shares
Class A convertible stock.
Raymond Sprague, member Of the
firm of Drake Bros, has been elected
member Of the governing committee of
the New York Stock Exchange, taking
the place of Winthrop Burr, deceased.