Evening star., 1932-05-15
THORPE TO TALK
TO D. c. BANKERS
AT HOT SPRINGS
Business Expert Will Discuss
Trade Conditions and Bank
ing Problems.
WASHINGTON SIXTH CITY
IN BUILDING PERMITS
Local Financiers Are Planning
Radio Educational Campaign.
South Reports Improvement.
BY EDWARD C. STONE.


Business, who keeps his fingers con-
stantly on the business pulse Of the
whole country, sent word yesterday from
the Pacific Coast that he will address
the annual convention of the District
Bankers Association, to be held at Hot
Springs Va. June 9 to IL.
Mr.. Thorpe has been attending the
annual convention of the Chambers Of
Commerce of the United States and will
give Washington bankers the latest de-
velopments in trade and business as
brought out at that meeting, and dis
cuss other problems of vital Importance
to the present banking situation. He Is
one of the best known radio speakers in
the United States on business topics and
has already addressed the local bankers
association on several memorable
occasions.
He is director in the National Met
Sopolitan Bank, the Chesapeake & Poto-
mac Telephone Co., and Is connected
with several other important business
organizations. His speech is certain to
be one of the outstanding features Of
the conclave. The announcement is
made with unusual pleasure by Charles
II. Doing, chairman of the Program
Committee. 1t followed the intensely
interesting report earlier in the week
Llldt l1ddoy Va viz
American Bankers Association, had
agreed to address the gathering.
ID. C. High in Building Lists.
Building activity during April, 1892,
showed an increase of 1877 per cent
over March of this year. with a volume
OF s52,079, ,621 in building permits issued
in 568 cities and towns of the United
States during last month. Despite this
increase over the preceding month of
this year, April. 1892, permits were 80
per cent below the same month last
year
There were five cities which made
individual gains over April, 1931-Aus-
tin, Tex; Grand Rapids, Mich; Sacra-
mento. Calf; Rockford, ILL.,. and Scran-
ten, Pa. These same cities, and. in
ADDITION New Orleans, showed advances
r. h;-ril, 1890.
The Strauss monthly survey lists the
IL lsading States in the volume Of build
iIg permits issued, Maryland standing
tenth in the list, and Washington.
grouped as State, twelfth in the list.
New York stood at the top and Cali
fcrnia came second.
The review also listed the first Is
cities in the country, according to the
volume of permits, Baltimore being
fourth, with 81 ABA 289. and Washing
ton sixth, local permits for April to-
taIing $1,085. las.
This list was headed by New York
City, with Philadelphia second and
Newark, N. j., at the bottom OF the
ladder.
Bankers Plan Educational Drive.
At a meeting of the Advertising Com
mittee of the District Bankers Asso-
citation, held Friday the long considered
matter of conducting an educational
campaign over the radio was discussed
in detail 1t was unanimously voted to
present the matter to the full associa-
ton for consideration shortly after the
annual convention.
The aim Of the campaign is to edu-
cate the public on the importance Of
the banks to the community and at
the same time show the great impor-
tance of the community to the banks.
9All the services that the banks offer
will be presented on the air, entertain
snent as well as educational features to
be included.
There is a feeling among the men,
bers of the committee that such cam
,paign would be of great benefit. The
programs would include addresses by
THE heads of the city's leading business
organizations, as well as by individual
bankers and merchants. The commit
tee proposes to have program once
@ week for six months and considers
the middle of September as the ideal
time to start such an innovation.
Leading retail firms in the South
eastern states report the heaviest VOL
ume of trade for any weekly period
this year, according to announcement
by the Federal Reserve Bank of At
lanta Numerous special sales, at which
prices were the lowest in years, have
stirred up retail trade the report adds
Improvement in the Birmingham steel
mills is also noted, together with much
more activity in the Ford plant at At
lanta. There is better tone in whole
sale trade.
The Federal Reserve Bank of Rich
mond reports very little change in con-
ditions in the past few days. From
other Federal Reserve districts reports
are spotty. The situation in Philadel-
phia is marred by building disputes
Auto sales are better in Chicago. Spring
weather helps Boston, steel business is
bit better in Cleveland and rains have
helped the Minnesota area.
Weeks ID. C. Bank Ciearings Lower.
AS was the case in almost every other
city in the country, bank clearings in
washington OecuneQ curing the week
ending May IL. Local Cancelled checks
totaled s19,64l 900. against $40 344 00C
IN the previous week. and a decrease OF
% per cent from the like week last
year.
According to Bradstreet's, clearing:
in Baltimore totaled S54, ,440 900, com.
pared with 63.492 900 in the preceding
week, and of "a per cent from the samt
week last year. Richmond reported
clearings amounting to S23, 1854, 900
against S26 1862 900 in the previous weel
and 90 per cent under the correspond
ing week year ago. Clearings for tn
country as a whole were down l6 pc
cent from the previous week.
Credit Corporation Calls Notes.
The washington unit has been mott
fed from New York that the Nations
Credit Corporation has called for re
demption, on May %, an additiona
10 per cent of the original principa
amount of its outstanding gold notes
being the fifth such call issued in re
cent months Including the presen
call. the corporation will have redeeme
approximately $4,000, 900 Of its out
standing notes, having issued original
about $l35 900 900.
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