The Washington times., 1930-12-24
DISTRICT TRADE
DULL DUE To
HOLIDAY
Produce Prices Remain Un-
changed With Signs Of Trade
Record Smashing of Sales

Dullness of trade In Washing
ton markets and on the Washing
ton Stock Exchange was indica-
tive of the slowneSs Of trading
that always occurs during a holi-
day.
Many, of the buys during the
trading on the local exchange
were of an investment nature al
though several Of the deals put
through during the session showed
that q slight amount Of Specula-
tion on q future rise was included
In the buying.
Produce prices here remained
unchanged with enormous sales
reported. Farmers in the retail
market were able to clear the
greater majority of their goods
before midday with sales steadily
mounting.
There was every indication that
q SteadineSS Of trade weuld be
shown throughout the holiday sea-
son with the probability that it
would continue through the new
year.
With holiday buying maintain
Ing a brisk pace which promises to
surpass In volume if not in cash
receipts the record of a year ago,
and with members Of 1881 Christ
mas Savings Clubs Of the various
District banks starting these spe.
cial accounts in even larger mum.
ber and amounts than they did
last year when they established
an all-time record for Washing
ton, the air Of depression reported
as prevailing in most other large
cities Of the country does not
apply here, bankers and mar
chants assert.
Although the unit Of sales in
retail stores is expected to be at
least 10 per cent larger than a
year ago q drop In receipts Is
anticipated because prices have
fallen in the past 2 months at
an even more rapid rate.
Accounts Growing
Permanent savings accounts Of
the District banks are also re-
ported as growing. Not only have
large numbers Of persons receiv-
ing Christmas savings checks de-
posted q portion Of these
amounts in previously established
permanent savings accounts but
others have used the money to
start new permanent accounts.
Although banks are not pre-
pared yet to give definite figures
those in charge Of the Christmas
Savings Clubs departments in
many of the banks state that
more persons are enrolling in the
clubs this year than had signed
up last year in the corresponding
period and that the average sum
would be larger than before.
Almost $4,000, 900 in savings
and interest was paid out the
first Of this month to approx
mately $4,000 individual deposi-
tors members of Christmas Saw
ings clubs conducted by the Dis
trict banks.
Mrs. Lanier P. McLachlen has
been appointed chairman and
Mrs. Edward J. McQuade, vice
chairman Of the ladies' committee
Of the District of Columbia Bank
ers Association 1891 annual con-
vention to be held at Hot Springs
next June. In announcing the
appointments Frederick r. II.
Siddons, chairman Of the general
committee, also named the fol
lowing members Of the ladies'
committee:
MeSdames Claude II. Wood
ward, Frederick II. Cox, Hilleary
c. Hoskinson, c. r. Jacobson,
Luther e. Schreiner, Albert s.
Galley. c. Fl. Pope, George o.
Vass, Frederick p. II. Siddons, j.
Frank White and Wilmer j.
Waller.
Santa Claus paid q visit to the
Christmas party held at the Dis
trict National Bank yesterday
afternoon.
With all the bank employees
gathered around the tree, santa,
impersonated by Col. r. N. Har-
per, and Miss Florence Kelly, dis
tributed gifts to all.
President Joshua Evans. jr.,
was presented with a brief case
by the employees. All the officers
of the bank made addresses.