Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-28
Some Surprising Gains Noted.

The abo.e figures reveal a total in
crease of 6,502 members over the 1880
membership, as well as an increase OF
$649,I6 in the amount subscribed, ccm-
pared with the previous year. There is,
of course some shripkage in the num-
Der Of members and the amount paid
in. Sllst how much not being known.
The banks make hut one report year
On the status of the Christmas savings
clubs, that being completed shortly
aftera n en-. berShip enrollments close In
January.
tire Christmas savings clubs in WASH
ingthr banks is shown by the per capita
fiauHcs The average per member is
1854 against S84 last year and $3.50
for The country as whole.
THE above table shows that the num-
bcr ,'of accounts in the various banks
has ajumped from less than $4,000 in
1924 to almost 100000 in 1881. At the
samA time the amount subscribed has
gone ahead by leaps and bounds dur
ing the eight years from 100000 to
WELL over $8,000,000.
'as32 Clubs Will Open Monday.
The 1882 Christmas savings clubs in
Washington will open next Monday
NOVEMBER 80, the enrolment period
extending to January Is. AS usual, the
AdvkrtiSing Committee Of the District
, Bankers Association will conduct CO.
operative campaign and again enlighten
the ,ipublic ON the distinct advantages
of getting onto the thrift band wagon
by means of these clubs.
Membership in a Christmas club is
divided into classes, based upon the
AMOUNT of the weekly payments, which
range from 81 to $40 per week. In a
few banks weekly pay ments of so cents
are accepted, but the popular demand
Is for the larger amounts. Interest at
3 per cent is added upon completion Of
the iidepoSits within the specified time
limits.
An analysis of statistics on how
Christmas club funds are used indi-
Gates a more or less fixed distribution
Of the vast sums Of Christmas savings
distributed each year. twenty-five per
cent it is stated, goes into permanent
Investments or savings accounts, 20 per
cent into payments of life insurance
breLniums, payments on mortgages and
other fixed obligations, leaving approx
1mately SIS per cent for purchases in
StorHs or Christmas gifts.
Store Stocks Reveal Increase.
In addition to the October retail
trade report made by the Federal Re-
SERVE Bank of Richmond which showed
Washington department store trade bet
ltdu III ally DlIlGl ItNg al Allf ia III
district in october and also for the first
nine months of the year, the following
report was presented regarding stocks
on hand and collections:
Stocks on the shelves Of the report =
ing stores showed further seasonal in
crease in October, rising 80 per cent
over stocks on September 80 but on
October 81 stocks were 9.6 per cent less
in selling value than stocks on hand on
october 81. 1890. Stocks were turned
an average of 1862 times in October, and
since. January !, 1891. stocks have been
turned 304l times better figure than
273p times in the first nine months OF
1880
, Objections during October showed a
sraSOnal increase over September eel
l'cuons and were a little better tEcn
ne.average for Octobcr last year. 282
Per gent Of outstanding receiVab es hay
ing been collected last month in COM
partson with PAS per cent in Scptem-
bers 1881, and 1872 per cent in October
1885
directors of Swift & Co. have voted
the! regular quarterly dividend Of 81
cents a share on the capital stock Tha
dividend is payable January /. 1852
10 shareholders Of record December 10
1881.
Sa-Lax Dividend Increased.
At a meeting of the board of directors
of Sa-Lax Corporation, held at 4l3C
Georgia avenue northwest, the beard
voted to increase the dividend rate
from per cent to IL per cent per an
mum, payable to all stockholders of rec
ord Of November is, on December Is
Bonds in Strong Demand.
Bonds were unusually popular on the
Washington Stock Exchange today
sales being the largest in several weeks
6toSk sales were light. The unlisted
issues were called off, but very few
changes noted during the past week.