Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-17
Increased retail
BUSINESS is SEEN
WooIWorth Co. Head Looks
for Better Sales in Re-.
mainder of Year.
BY JOHN F. SINCLAIR.

SpeClal DSphLcn 10 Inc star.
NEW YORK, June It'll. 7. Parson.
president Of r. W. WoolWorth Co., says
there has been q steady increase in the
business Of that company since the first
Of April.
While we show two per cent loss
up to the first of June for the year."
Mr.. Parson said, "the large portion Of
that is accounted for by the loss Of one
business day in the month Of May and
also by the fact that Decoration day
came on Saturday. That really meant
another day lost, as our sales for that
Saturday showed q loss of 81, 400, 900
compared with year ago. The loss
OF the one day in addition to that would
be over $500, 600"
The month Of June has started OF
wen Tor the Woolworth company, with
the nrst week showing an increase Of
$3SI.OO0. or 734 per cent. OF this In
creaae $3l1 900, or Ella per cent, showed
up In the stores that were part of the
organization a year ago.
The reports We get from the differ.
ent sections of the country" the conn
pany's head continued, "are to the
eject that there is much better feel
ing In regard to buying. We are look
ing forward to increased business for
the balance of the year"
IN view OF some of the gloomy re-
ports tf1at have been issued in the last
80 days. this showing by one of the
worries largest merchand.sers is a re-
markable one.
Presidents Speech.
President Hoover's speech was re-
ceived with mixed feelings In wall
Street. Some leaders saw in IL definite
threats against speculation.
Others liked the new assumption of
leadership which the President showed.
These were elated over his 2O-year
plan, which included an increase of
10000, 900 in population, homes, indus
Iy leisure and increased standard Of
Wall Street recognized the Presidents
speech as definite bid for renomina-
ton. The 1882 campaign is likely to
De fought between the principle of in.
oivioualism on the one hand and grow
ing State action on the other. On that
issue Mr.. Hoover is frankly on the side
OF tndivioual:sm.
Test Of Capitalism.
The advertising men, in session in
New York, heard a most effective busi-
ness talk from Glenn Frank, president
Of the University of Wisconsin. who
said that the Job ahead was to set out
deliberately TO create prosperous con.
sumers as well as consumable goods"
III rugged individualism results in
ragged individuals" said President
Frank, cit may be time to reconsider
our concept of individualism. Today the
United States may find Implanted
competition as dangerous as uncon-
trolled monopoly"
Mr.. Frank suggests that the United
States must f1nd q political leadership
that will help Americans realize that
censorship, SANDER and jail sentences
will prove futile answers to Communism
II Russia should ultimately succeed in
raising and stabilizing a satisfactory
living standard for the Russian mil
lions and the Western system Of free
capitalism and political liberty does not.
THE only answer that will really
offer q reply to communism is the
achievement and guaranty by western
capitalism Of a better life for the mil
lions than communism can achieve. II
the business and industrial system Of
the United States cannot or does not.
in the long run, give as good guarantees
of security, leisure and self-respect to
the masses as an Italy or a Russia can
give, then In time the Fascisns and
communisms Of the future will inevi-
tably replace capitalism"
Stockholders Increase.
The report issued by the Standard
Statistics Co., comparing the number OF
stockholders of so of the largest corpo-
rations in the country between January
l, 1880, and January /, 1881, showed
total of 3,552,000 shareholders at the
beginning of 1880 and 4.401 900 at the
end of 1880, a gain of "a per cent.
Only one of the so corporations
showed no increase in stockholders, and
one company had a decrease.
The percentage increase during 1880
of the 10 largest corporations among
the SO showed the same percentage OF
gain as did the entire so, about "a per
cent