Evening star., 1934-12-26
HARDWARE TRADE
ADVANCES MOST
Wholesale Orders Make Best
Percentage Gains in
Fifth District.
BY EDWARD c. STONE.


Hardware sales were up 243 per cent
over November, 1888; drugs, 18 pei
cent; dry goods. 1862 per cent; gro
ceries, 1872 per cent, and shoes, "a
per cent.
The So reporting firms announced
that groceries sales were 80 per cent
lower than in October of this year
dry goods were the same as in Octo-
ber, shoe sales were down 80 pei
cent; hardware, 7.3 per cent, and
drugs practically the same as in the
previous month
For the first II months of 1884
groceries sales by wholesale firms were
1871 per cent ahead of last year, dry
goods sales were up 261 per cent;
shoes, 5 per cent; hardware, 29.4 pei
cent, and drugs, 1879 per cent.
Wholesale grocery, dry goods and
hardware firms had lighter stocks on
hand at the end of November than
at the beginning. Shoes stocks were
higher. Compared with November OF
stocks were higher and dry goods
and shoes lower.
Collections were good. In the gro
ceries line 83 per cent of the outstand-
ing receivables due at the beginning
of the month were collected; dry
goods, As per cent; shoes, IS per cent,
hardware, 48 per cent, and drugs, 81
per cent.
d. c. Store Collections Good.
Collections in Washington depart
ment stores are excellent, the Fed
eral Reserve Bank of Richmond re-
porting today that collections in re-
tail stores in this city in November
we're 28.1 per cent of the outstanding
receivableS at the beginning OF the
month.
Stocks on hand in the stores in this
city in November were 81 per cent
lower than at the end of the same
month last year. In the 81 depart
ment stores in the entire district the
average was Sc per cent lower. Rich
mond reported store stocks as l3 per
cent higher.
Stocks on hand in the Washington
stores at the end of October were
So per cent higher than at the end
of October this year The fifth district
average was up As per cent, stocks
in Baltimore we're % per cent higher
and III per cent higher in Rich
mond
Goods in the stores here were turned
356 times in the first II months of
the year against 3348 times as the
average for the entire fifth district.
Trade in the department stores here
In November was 25.1 per cent better
than in the same month year ago,
and 2o.2 per cent better in the first
/ months of 1884 than it was in the
like period in 1888. The 11-month
gain for the whole fifth district is
TIA per cent.
More Dividends Voted Here.
The directors of the National Bank
OF washington at their regular month
ly meeting held today, declared a
semi-annual dividend of So per share
on the capital stock of the bank, pay
able January 2, 1885, to shareholders
of record December 26, 1884. Transfer
books will be closed December 26 and
reopened January 9.
At the regular monthly meeting of
the board of directors OF the Security
Storage Co., dividend of SIPS per
share on the capital stock was de-
clared payable January 10, 1885, to
the stockholders of record at the close
OF business January 5.
The Maryland State Roads Commits
sion will receive sealed bids December
q for Sl,l00,000 of road bonds to be
dated February l and mature 1923 900
in 10dE cQ2T iY, ~
1948 and 100000 in 1949.
The Secretary of the Treasury has
asked for tenders for S75,0O0,0O of
l82-day Treasury bills, dated January
and maturing July 3, to be sold on a
bank discount basis. Tenders will be
received at the Federal Reserve banks
up to 2 pm.
Wins Insurance Honors.
Warren S. Stone, agent for the New
York Life Insurance Co., has Just
completed three years of active selling
and will be admitted to the American
College of Life Underwriters. Mem
bershlp in this organization in the
life insurance field is comparable to
being c. P. A. or member of the bar
-
Mr. Stone passed in one year these
exhaustive examinations, generally re-
Quiring three years
After graduating in economics from
Princeton University in 1880, Mr.
Stone spent short period with Pub
lie Service and Chesapeake & Potomac
Telephone Co. before joining the
Washington branch of the New York
Life Insurance Co. Last year he was
twelfth in the office in total sales. This
month he is conducting a series of
sales meetings.
Outside of the insurance field, he is
treasurer of the Princeton Club of
Washington, first lieutenant in the
Field Artillery Reserve Corps and a
charter member of the Junior Board
of Commerce.
Broker Forecasts Winter Boom.
R. P. Davis, manager of the Wash
1ngton office of Fenner g. Beane, has
received word from George H. Phelps,
firm partner and manager of the
Miami office, stating that the entire
State of Florida is preparing for one
of the most active and prosperous
Winter seasons in history. He says
present progress is based on a sound
foundation entirely void of the fanfare
OF the boom days.
Lanier P. McLachlen, president of
the McLachlen Banking Corp, an
nounceS that the first mortgage loan
In the United States approved by the
Federal Housing Administration is now
being made by his bank. Commenting
on the success of the renovizing loans,
he believes the mortgage loans may
soon become an equally important
factor in the recovery.
Rejecting progress in the Federal
Housing Administrations program, the
Department of Labor figures on build
ing permits, covering 772 cities,
showed modernization work in No.
vember of s17,o71, 900, against S8,01O,-
600 for the same month last year, a
gain of 81 per cent. This compares
with an increase of so per cent in
October, q per cent in September and
18 per cent in August over the cor
responding 1888 periods.
Toda We Tra adino NJ, Exobou~n