Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-26
CAPITAL BUSINESS
|. PLANS EXPANSION
rs Leading Local Concerns
Respond to QUESTIONABLE
of Board of Trade.
Continued From First Page)


ernments in the District of Columbis
from $l83, 238,000 to $l91, 739,000 b!
July !, 1881"
The Board of Trade survey covered
not only anticipated increases in bust
ness for 1890, but increases which tool
place during the past year. The re-
ports show that of the rs representa-
tive business organizations answering
the QUESTIONABLE sent out by the board
one showed an increase in business II
1929 of rs per cent over the business
for 1928. Another reported an increase
OF so per cent, six of Is per cent, ii o.
Is per cent, Is of 10 per cent, 9 of
per cent and 19 of from l to pei
cent, making a total of 50 businesse:
which enjoyed increased business dur
ing the past year. Two others reported
their volume of business remained sta
tionary. while IL did less business las
year than in 1928.
Increased Expectancy.
What is perhaps even more en-
couraging," the board reported, sis thai
so firms reported an increased bushes:
expectancy for 1880, six are planning tC
do the same amount Of business, while
seven expect to do less business. We
should again like to call attention to the
fact that the 60 Arms expecting to dc
more business are not merely making 9
verbal prediction. but, according to oul
survey, are preparing $4,000, 600 to take
care of its increased business.
While to get this collective informa-
ton, the board had to promise to keep
the information as to each individual
concern confidential. it is interesting tc
note that one laundry expects to spend
500, 600 for 1880 improvements, an
other local group store business will
spend $3.50, 900 and another group is to
spend 100000, four large stores
dealing in clothing and household ef-
fects are to spend approximately $780,
600 for improvements. Reports already
have been given out Of expenditures OF
several millions of dollars by the vari-
GUS public utilities"
One of the questions which the board
asked was, I'm your opinion. did the
stock market seriously affect your bust
neSS?" to this question, 40 answered
Yes" and 20 answered mo" but OF
the 90 who answered in the affirmative
by far the greater number expressed
the opinion that it was only a tempo
rary effect, from which there was q
reasonably rapid recovery.
Several answering the question as to
whether the stock market slump af-
fected their business, answered as fol-
lows: "Yes-to its betterment later
Many felt that it created largely a
cautious mental attitude, but the con-
Sensus of opinion was that the sta
poets of the city made this problem
generally speaking, far from serious
one.
Bank Cleafances Gain.
"a discussion of banking conditions
with the officials Of the District of Co
lumbia Bankers Association the re-
port continued, Showed an increase OF
$45, 665.l27 in bank elearances the year
ending December, 1929, over the year
eEding December, 1928. While the
stock market naturally had an effect
on the banks the last two months of
the year, officials of the bankers asso-
citation indicate very optimistic frame
of mind for the coming year, based on
the fact that a check-up by them Of
many OF the larger banking institutions
of the city show a substantial increase
in deposits for the first three weeks OF
January, as compared with the CORE
year,
Because of the many improvements
going on in the city and the great
Federal building program now in prog
ress, they feel assured of highly sue
cessful year.
I'm regard to the Federal building
program, apart from the general bene-
mt OF employment and construction fea-
lures here, the board has found that q
number OF extremely large and impor-
tant contracts have been awarded DUR
ing the month. One local concern dur
ing the month has been awarded q con-
tract OF S2,300,000, another for $3.50, 900,
and number of Washington material
dealers have received substantial con-
tracts as well as several construction
concerns actually being given the gen.
eral contract for erection Of entire build
1ngs such as the Agricultural Building
ana the new Census Building"
Employment on Upgrade,
The Federal Employment Bureau of
the District OF Columbia, the board re-
ported, shows steady increase in reg
lstrations for employment, with q 20
per cen. increase in placements for the
fiscal year 1929. Requests for employ
ment are somewhat higher now, with
the placements slightly lower. This,
however, Is not regarded as an alarm
ing situation, as quite few mechanics.
iaoorers, ETC., have gravitated to WASH
mgton, attracted by the great Federal
building program. They soon leave.
The records OF the Federal Employment
Bureau. 1t was stated. show that EN-
ployment in general in the District of
columbia Is better than in any other
section of the country.
The hotels are doing O good BUSH
ness ana are preparing for more" the
Lepo.1 continued. Washington is
handling daily average of l4O in
pound passenger trains, indicating a
tremendous amount of tourist travel
still entering the city.
ms survey undertaken by the Of
nee OF the Board Of Trade is intended
As cross-section of business life of
the CITY and has been answered by rem
resentative concerns which reflect the
various angles of the commercial life
OF the community"
Organizations Are Listed.
The organizations whose assistance
was Deceived in compiling this survey
are the following: Sanitary Grocery Co
~: r. May Hardware Co., Black and
Wnite Taxi Co, Independent Taxi Own
ers association, PalaiS Royal, Inc: w.
B. Moses & Sons, Inc; Woodward d.
Lothrop, National Electric Supply Co.
Inc; Carroll Electric Co. Inc. G.
Schneider's Sons, Doubleday Elec-
trio Co, Atlantic & Pacific Tea Co. 3.
Rlch's Sons, D. ]. Kaufman, Frank r.
Jellefi, Grosner's, Meyers Shop, Raleigh
Haberdasher, Inc; Saks & Co, William
Hahn q Co, Chevy Chase Dairy, Thomp-
sons Dairy, E. O.. Schafer Co, Fries,
Beaii q Sharp, Co, Inc; Thomas SOM
erville Co., West Bros. Brick Co. CHEVY
Chase Savings Bank, the National Bank
Of Washington, Washington Mechanics'
Savings Bank, Willard Hotel, Mayfiower
Hotel, United Realities, Inc. (Wardnnan
Park, Carlton, Chasleton, etc.,, Bur-
lington Hotel, Hotel Continental, Dodge
Hotel, Hotel La Fayette, FraEee- Potomac
Laundry. Manhattan Laundry Co., Inc;
Tolnan Laundry.
e. F. Droop e. Sons Co., Harry C..
Grove, Inc; Peoples Drug Stores, Inc;
@. & p Telenhnne Co Pntnr,nac Elnntria