Evening star., 1934-08-26
{ELTzER TO HEAD
Al. B. COMMITTEE
ON MEMBERSHIP
lrte lsive Chapter Drive Will
Ee ConduCted-AideS
Selected.
0. {, COLLECTIONS GOOD;
RETAIL SALES JUMP
Y ,lune at Capital Stores Exceeds
Tear Ago by 22.6 Per Cent.
Gas Net Improves.
BY EDWARD C. STONE.


sll j. SeltZer, cecond vice presi-
de t of Washington Chapter, Amer
Ice institute of Banking, and con-
ne tee with the American Security g.
TT st Co., has been appointed chair
me Of the Institutes Membership
&C mr. ittee by President Walton l..
Sa sda.son. Other members of the
coi in ttee, also named yesterday,
inc uds:
obsrt G. whitton, vice chairman,
Fr It National Bank, Alexandria;
Jai iei C. Dulin. jr.; Sally Finley, B.
Br ct Frantz. H w. Ireland, D. w.
Nj wlray, Frank M. Perley, L. r.
Sa ate, American Security g. Trust
Co John NJ Harris, Anacostia Bank;
FIR ntes z. Robey, Bank of Commerce
&c So wings; A. r. Schreiner, Citizens
Ma ional Bank, Alexandria; William
T. Matthew's, Lincoln H. Phillips,
Ct 7 Sank Joseph D. Buscher, Robert
H. Llcey, Columbia National; E. w.
Sc lriner, Alice H. Whitton, First
Ma ic nal Bank, Alexandria; Aubrey
o. D. oley, John M. De Marco, Vivian
f. st 1kes, Robert A. Sisson, Hamilton
Ma ic nal; Myrtle P. Lewis, Gertrude
c. Wck, Liberty National; Robert E.
Le., Richard A. Norris, James A.
So )el, Lincoln National; Anne P.
Crtw'ord, McLachlen Banking Corp. !;
s. Wnifred Burwell, George B. Earn
n
ME trC 2olitan; A. E. Henze, Katherine
w. lGcCa mont, j. Earle McGeary,
w. l5. Hibbs 81 Co.; Willard G.
Ba a:ker. Morris Plan Bank: Thomas
q. CONN, Munsey Trust Co.; S.
MasoHl Wagner, National Bank of
Washington; Douglas r. Smith, Ma
tiolial Sav ngs & Trust; Kenneth F.
1'ruoks, R,bert M. Poole, Constance
~. Fo1le, G. E. Foreman, l. j. Roberts,
tiegs National: Lloyd r. Coates,
Joseph r Fitzpatrick, Stuart S.
('Elvle, Second National; Ruth /.
Gordon, I. Hunton Leith, Security
apiliiss 6S Commercial; Warren Law
On, 'rakor1a Park Bank: G. Elmer
Flather, Thomas c. Talbot, Union
rust Co. William H Laughlin,
lelhrt D. Lawson, Mabel V. Royce
! ose L. Royce, Herbert w. Walker,
Wash lngtoll Loan g. Trust Co., and
{. William Mccormick. insolvent
attic nal Eank Division.
Mr. Sel1er has been an active
Worker In the chapter for years and
j as served on all important commit
taeS. He vas associate editor of the
ear Book in 1881, chief counsel in
1882 md treasurer in 1888. He was a
teleg tie to national conventions at
itts lurgh, Chicago and Washington,
ind ar institute gradyaae.
Tn Membership Comnfkee will put
. tn n Intensive campaign to sub
1 tant ally increase the active member
nip If the chapter, which is restricted
ioth' bank employees and officers with
{. Gr ide ret higher than cashier or
treas rer. Likewise, the committee will
tnce 'vor to obtain an increase in the
austa ning membership, which Is COM
lposet of officers with a grade above
tash sr or treasurer and directors,
Collections Good in d. c.
ri e Federal Reserve Bank of Rich
lnon' reported yesterday that July
solle: tions in Washington department
store wee 27 per cent of the receiv-
ables due at the beginning of the
mon, n. The average for the whole
ffth district was 27.6, for Baltimore,
38.6 ler cent, and for Richmond, 27.l
Eer ent.
ST cks in Washington stores were
turn 154 times during the first
sever months of the year. against
%.O52 times for the fifth district. also
Hhea of Baltimore but not quite up
TO. tie mark in R 1hmond. During
July alone, stocks il. the stores in this
city Fere turned 242 times.
tfo IDS IN hand at the end of july
wee per cent lower than the stocks
Eelns carried at the end of June.
~hey wee of 8 per cent in both
g.N hlnond and Baltimore and rs per
Gel in the 81 stores reporting in the
entire ARIA
l'e all sales in Washington in .TuIv
we e 22.6 per cent ahead of the like
:ac NTH year ago. lis per cent in
.3hhnond l0.9 per cent in Baltimore
hhl 1914 per cent in whole area. AS
''Neaty noted, in the first seven
me nj rs CT this year sales in CapitaI
store; scored l9.l per cent advance
ever ne similar period last year. That
ms RI wa" just under the I9.5 per cent
foi me nth district. under Rich
,n'nis record, but better than the
BE elt.lnore figure.
A"'e than being merely interesting.
~ report is Of vital Importance in
mat IL shows favorable comparisons
IN every instance. Real progress.
Cas- Net Shows Improvement
While net earnings of the Washing.
IolI las Light Co. in July showed q
la. mig on over the income in july
1913, net income for the first seven
Intnlls OF the year reveals an ex.
re.lelt gain.
sorerating revenues in the seven
intni.1s totaled $3,796,183 against the
Io'er figure of $3,498, ,507 in 1888
Or Grating expenses called for So
50 !,3@9 as compared with S2.33O.845
last year, leaving a net income from
up pTations of $l,231 1874 in comparison
wi h sl,l67 662 last year.
Incorporating revenues showed 9
We. y marked gain this year, with STA,
85i being compared with only Sl8,.
5s' last year. This brought groS.
"a n ngs u, to $1,306,684 while thi.
ite m year ago stood at sl,186, ,057
interest payments in the first sever
nun rs of this year called for $49l, =,
42) against $3.50, ,64s a year ago, leav-
in't net income of $8l5,264 as agains
S6l7 409 up to August last year a sub
sti.n aal Improvement of S187,855.
The Capital Transit Co. July report
new due, is expected to show furthe
la g. net profits. thereby adding II
the brilliant earnings record since tn
m.rrer las. December,