Evening star., 1933-04-17

GOIlIIllIltc NllICI
made arrangements
for the important
9nnual event. Post John p. Lynch.
ers have been
placed in a great many store WIN
dows. while special messages are to be
broadcast during the week. In many
other ways the value of life insurance
is being brought to the special attention
of Washington!ans. The drive also is
national in scope.
The local association holds its April
meeting on Wednesday, the 10th, Pa
triots' day. at the Washington Hotei,
beginning at 1915. The guest speaker
will be Eric j. Wilson of New York, Whc
Is said to have written over S4OO,O0O
Hear in insurance during the past three
fears. His subject will be There Are
No Strangers"
Nomination of directors for next
tear will take place at the same meet
ing The retiring directors are Jonll
p. LYNCH, John L. McElfresh and PAU
D. Sleeper. The new directors are 10
be elected at the May meeting.
Barkers' Association to Meet.
Charles H. Doing, vice president OF
the Washington Loan & trust Co.,
and secretary of the District Bankers
Association, sent out notices TO-DAY an
ncuncing the usual Spring business
meeting of the association which Will
take place next Friday afternoon at
O'Clock in the board room OF the Amerl-
can Security & Trust Building.
There are many routine matters W
come before the bankers at tnls G anne
and a large attendance is expected.
President c. H. Pope, vice president
and treasurer of the Munsey Trust CO.,
will preside. ...s
the activities of the local association
for a time. The annual meeting Is Que
IN June, including the election OF otn-
GERS for next year. The chalrmen OF
the various standing committees VIII
also present their yearly reports at tnat
time.
A.. &P. Reports on Earnings.
Great Atlantic & Pacific Tea Co. estl-
mates sales for five weeks ended April l,
1o33 we're S74,981, ,144, comparing with
s88. e23. .239 in the corresponding period
of 1882. a decrease of Sl3,942, 2,095, or
15.7 per cent.
Tonnage sales for the five-week perloo
are estimated at 495, 1872, against 52U,zoZ
in same period of previous year, de-
crease of 25,07O tons, or 4.8 per cent.
Average weekly sales for the flve-Week
period were 4996, ,229, comparing with
Sl7.784 SAB in same period OF 1882 q
decrease of S2,788,419. Average weekly
tonnage sales were 99,038, against lo4'.
O52 in 1882 period, a decrease OF o.O14
tons. This is the first period OF COM
pany's fiscal year.
Investment Firm Opens Office.
Lawrence Adams g. Co. New York
Investment house has opened an once
in the Southern Building in this city,
with Clarence Falk as manager. IMS
firm was formerly w. L. Adams & Co,
the name being changed because OF
other firms doing business under tne
Adams name which caused some con.
fusion. The firm makes a specially OF
dealing in various utlllty ISSUES.
collections from Latin American coun-
tries is reported for the first quarter
of 1893 by Foreign Credit Interchange
Bureau of the National Association OF
Credit Men. This is the first report
of the current year and reveals that
the decidedly downward trend in credit
conditions in the last quarter OF 1857
has been checked. Improvements are
seen in 13 countries in the matter OF
credit conditions while nine snow I'M
provement in collections, tne WasI-
ington office reports.
I'm the current survey on credit con-
ditions," this eighteenth quarterly sur
yey by the bureau continues, Snone OF
the countries has had sufficiently h1gh
index figure to place it in the rating OF
good There has, however, been an
improvement from the last quarterly
survey in one country, Puerto Rlco,
which has reached sufficient index hg--
ure to place it in the classification OF
fairly good Improvement is also In
dicated in countries such as Venezuela,
Brazil. Salvador, Guatemala Costa
Rica, Dominican Republic and Hon.
duras and in Mexico the upward trend
has been continued"
Bonds in Strongest Demand.
Bonds led trading en- the Washing
ton Stock Exchange today after the
three-day holiday The market opened
with $500 Washington Gas Light bS,
series B, selling at l0334. i
On the next sale 81 900 Washington
Railway &, Electric As appeared on the
board at IS. After call, two $500 sales
in Capital Traction IS were recorded
at 40.
Washington Gas SIS, 1858, figured in a
81 900 sale at 852l, while $1,000 sold
later at 8512. Gas IS, 1860, moved in a
81 900 transaction at 103K4.
In the stock division small sales total
ing So shares of Capital Traction were
registered at 6, same as the last previous
quotation. Twenty-eight shares OF
Nergenthaler Linotype changed hands
at %, also same as the last previous sale.
Heard in Financial District.
Robert V. Fleming, president of the
Riggs National Bank, was back at his
desk today after attending the Spring
meeting of the Executive Council OF the
American Bankers Association, held at
Augusta, Ga Mr.. Fleming reports a
most interesting session.
American Stores reports for five
weeks to April l gross sales Of $10,-
500, ,O26, against $11 1,579,3 ,317 in the like
period of 1882, drop of 8.4 per cent.
For the initial quarter total sales were
S27,029,143, compared with $50, 1854, ,444,
a decline of 12.4 per cent.
The Federal Reserve Bank of Rich
mond reports that Easter retail trade
wound up in a satisfactory manner,
last weeks weather being favorable in
most of the cities in this territory.
Wholesale business has also improved
during April, while crop prospects are
also much more promising than at the
same time a year ago.
At annual stockholders meeting OF
the Norfolk & Western Railway held
at Roanoke, Va, directors were re-
elected, 7434 per cent of the stock
being represented and voted. The board
will meet for organization April Is in
Philadelphia.