Evening star., 1935-12-15
Clearings and Building Both
Show Large Advances
Over 1884 Period.
WHITE SULPHUR PICKED
FOR BANK CONVENTION
Washington Loan & Trust Adds
Three 0fficers-Many Divi-
dends Announced.
BY EDWARD C. STONE.

ment store sales continued their climb
during the last week, registering a
gain of 34.4 per cent over the previous
week andt7.4 per cent over the cor
responding week in 1884, the Com
merce Department reported yesterday,
in summing up conditions in 33 key
cities. Increases were reported in the
general demand for all kinds of mer-
chandiSe.
Bank clearings in the Capital in
creased 81 per cent over the previous
week and 304 per cent over the like
1884 period. The value of building
permits was 1858 per cent higher than
the previous week and 42.8 per cent
greater than in the same week a year
ago. The number of visitors in the
city was not as great as during the
previous week, but ahead of the same
1884 week.
From the rest of the Fifth Reserve
district reports stated that trade had
continued to outdo business in both
the previous week and the comparable
week last year Richmond bank
checks were up more than 10 per cent
over last year. In Baltimore and
Norfolk retail sales were reported as
especially good, while Baltimore bank
debts also were up 10 per cent over
1884. Norfolk reported a substantial
increase in the amount of coal han
died.
Bankers Pick White Sulphur.
Charles H. Doing, president of the
District Bankers Association and vice
president Of the Washington Loan &
Trust Co., announced yesterday that
1t had been decided to hold the 1886
annual convention of the organization
at White Sulphur Springs w. Va, at
the end of May.
The party will leave Washington on
the evening of May q, spend four days
at the Greenbrier Hotel and return
home Sunday night, reaching Wash
ington on Monday morning, June !.
President Doing called attention to
these special dates, which include the
Memorial day holiday and a Sunday,
so that the fnanciers will be away
from their banks on only two busi-
ness days.
The head of the association stated
that the general chairman of the con-
vention will be selected in time for
the announcement to be made at the
associations regular mid Winter meet
ing, the committee to be completed i'm
mediately after that time. The at
tendance is certain to be large, as
White Sulphur has always been most
popular with Washington bankers.
Last June the meeting was held at
the Homestead, Hot Springs
Bank Officers Appointed.
Harry G. Meem. president of the
Washington Loan & Trust Co.. an
nounced the appointment yesterday of
three new bank officers.
Roger S. Quinn was appointed audi
tor of the trust company to fill a
vacancy which had existed since the
former auditor was made assistant
treasurer. William M. Offutt was ap-
pointed to the position of assistant
auditor
Remick S. Ferguson was appointed
manager Of the banks foreign depart
nnent. He has been employed in the
department for several years and has
had wide experience. Up to this time
the management has been in the hands
OF an official having many other duties
in the bank Expansion of business
made it desirable to place the manage
ment in charge of an official having
no other work to perform. The three
promotions take effect at once, Mr..
Meem said.
Many Dividends Declared.
Directors of Real Estate Mortgage
& Guaranty Corp. have declared a 2
per cent dividend, payable December
81 to stockholders of record December
20, it was announced yesterday.
Directors of the National Union In
surance Co. have voted semi annual,
dividend of per cent on the capital
stock, par SIS per. share, payable on
December 81 to shareholders of record
December %
Waggaman, Brawner & Co., Inc,
has listed New York banks which have
recently declared quarterly dividends
Many of these issues are held by
washington investors. Every dividend
50 far voted has been at the regular
rate with the exception of the Manu-
facturers Trust, which added a 25-
) cent extra. and all are payable Janu-
ary 2. The list includes:
Bank of Manhattan, 3712 cents;
. Bank of New York & Trust, $3.50;
Bankers Trust, so cents; Chemical
Bank & Trust, As cents; Continental
Bank & Trust, 20 cents; Central Han
over, $1.99; First National, $25; Guar
anty Trust, So; Irving Trust, Is cents;
Manufacturers Trust, so cents; Public
National, 371a cents, and United
States Trust Co., SIS.
Woodward Stock ut New Peak.
Woodward & Lothrop preferred
stocf led trading on the Washington
Exchange yesterday, five 10-share lots
and one 30-share lot changing hands
at 1I5. This was gain of a point
and a half since the last previous sale
and five full points during 1895.
Capital Transit stock was of half
O point yesterday, 10 and 80 share
lots selling at 1412. Riggs National
Bank common was in demand, three
sales involving As shares taking place
at 210, up point from Fridays close.
In the bond division Capital Traction
IS figured in $1,000 and $4,000 sales
at "a, of half point.
The market ended the week with
s525 a share bid for Washington Rail-
way & Electric common and $36 bid
for Mergenthaler Linotype and S3S
asked, with no sales in either stock.
These two issues have recently at