Evening star., 1933-03-06

cnalnS, Is 1uncClOnlng 1Or the time De-
ing on its customary cash basis, accord
ing to S. M. link, general manager.
VIII Protect Customers.
I'VE do not believe there is any cause
for alar'r," Mr.. link said. For the
time being, we shall continue our usual
policy. It, however, the situation de-
velops to such an extent that our Gus
toners are inconvenlenced, we shall
certainly take steps to protect our pa
irons"
Speaking for the Sanitary Grocery
Co. and Piggly- -Wiggly chain, Edward
G. Yonker, president, said no action
looking toward establishment Of credit
would be taken today I'VE are await
ing developments. he declared, "and
for the present we will continue in the
usual manner"
The majority OF the retailers placed
themselves in the position OF waiting
for developments" before taking any
action toward revising business policies
with respect to charge accounts and
credit generally Almost generally, 1t
was said that checks drawn on local
banks would be honored in payment for
merchandise and settlement Of accounts
in cases where the customer was
deemed reliable.
Fuel dealers, many of whom function
on strictly cash basis, were to meet IN
extraordinary session this afternoon,
called together through the Coal Mer-
chants Division Of the Merchants and
Manufacturers Association. The meet
ing was called to discuss ways and
means of dealing with any unprece-
dented situations which might arise in
connection with supplying fuel.
Restocking May Be Problem.
Diaries, most of which operate on a
weekly charge basis, will go along in
the usual way" according to Raymond
Wise, head of the dairy group Of the
Merchants Association. The same was
said for the bakers division by Peter
Dorsch. head Of that group. I'VE will
wait until we are actually confronted
with an emergency before We start to
worry about it," he said.
Independent grocers affiliated with
the United Food Stores. Inc, which in
cludes approximately 125 branches. may
be faced with the problem of restocking
their shelves when current supplies are
exhausted as result Of the strictly
cash policy the directors of the or
ganization have adopted at the central
warehouse, according to Morris L. Kraft,
president Of the group.
I'VE have sufficient supplies at the
warehouse to take care of demands for
the time being" Kraft asserted. I'VE
must, however, insist on cash at the
warehouse for supplies to the branch
stores"
The creation OF a credit system in
Peoples Drug Stores was to be taken
up at q meeting of the Executive Com
mittee early this afternoon. The meet
ing was called by DR.. M. G. Gibbs.
president Of the drug store chain.
Proclamation Declared Wise.
The business men, as represented in
the Federation Of Business Mems Asso-
Citations, feel that Pre:ident Roosevelt's
proclamation was the "wisest move"
that could be taken, according to
Arthur Clarendon Smith, president CT
the federation.
I'VE are satisfied with the action of
the President" Mr.. Smith said. Il be-
lieve Washingtonians will find their
retailers more than willing to maintain
credit policies on even more liberal
scales than before. New accounts, too,
will be encouraged and business will
continue as though nothing had hap
pened"
Eugene Minoux. president of the
Georgia Avenue Business Mems Asso-
citation, said: 1T was the finest thing
the President could have done. We
merchants In this section stand ready
to extend more credit than ever before"
Sylvan King, president of the Central
Seventh Street Business Mems Associa-
ton and an executive of Kings Palace,
declared: 1.-THE business men have not
lost faith in their customers and the
customers have not lost their charge
accounts"
John L. Fowler, president of the
Brookland Woodbridge Business Mems
Association, said: THE merchants in
this community do not feel apprehen-
sive. They will treat their regular Gus