Evening star., 1935-01-25
D. c. STORES SHOW
GOOD COLLECTIONS
Capital Firms Lead Fifth
District With Stock
Turn0VerS.
BY EDWARD C. STONE.


report on retail trade received from the
Federal Reserve Bank of Richmond
this noon, 291 per cent of receivables
due on the first of the month being
paid. This compared with 32.9 per
cent in Richmond stores, 30.1 per cent
in Baltimore and 80 per cent as the
average for the entire fifth district.
The report covers 81 department
stores.
Retail stores in this city led the
fifth district in the number of times
stocks were turned over during the
full calendar year, being 4.287 against
Aba in Richmond, 3767 in Baltimore
and 4007 for the entire district. The
December turnover in Washington was
O.67 against an average for the whole
district of 0.609 times.
Retail stores in the Capital made
by far the best percentage gains in
December sales, an advance of 81 per
rent being compared with 148 per cent
In Richmond, l2.l per cent in Balti-
more and 165 per cent for the average
in the entire territory. The same is
true for the full year, although a
group of stores in several smaller cities
revealed a gain of 21.4 per cent for
1884. Washington sales were up 203
per cent, Richmond 1875. Baltimore
12.7 and In the whole area 17.3 per
cent.
At the end of December stocks in
the stores in this city were per cent
lower than on the same date in the
previous year. Stocks were 2l.7 per cent
lower in the stores here at the end of
December than at the close of No.
Vember, rejecting the tremendous drain
on goods during the final days of holi-
day trade. In the entire fifth district
stocks were 21.8 per cent lower than
at the end of November, the Richmond
report says.
Wholesale Business Spurts.
Wholesale business in hardware
topped the demand for groceries, dry
goods, shoes and drugs in the fifth
Federal Reserve district in 1884, ac-
cording to the yearly summary an
nounced today by the Federal Reserve
Bank of Richmond. Hardware sales
bounded upward by 26.8 per cent in
1884, compared with 1888. Dry goods
sales came next with a .plendid ad-
vance of 248 per cent. with groceries
sales up 17.3 per cent and the shoe
demand up So per cent. Drugs gained
17.4 per cent.
December sales compared with De-
cember, 1888, revealed gains in all
five wholesale lines. Groceries were
up 83 per cent, dry goods As per
cent, shoes 17.2 per cent, hardware
81 per cent and drugs per cent.
December sales, as compared with
sales in the previous month of No.
vember, all showed decreases, reflect
ing the let-up in demand for holiday
goods. Groceries slumped 8.4 per
cent, dry goods 472 per cent, shoes
516, hardware l9, and drugs, 9 per
cent.
In December wholesale stocks of
groceries were 19 per cent larger than
a year ago and hardware stocks were
IA per cent higher. Dry goods stocks
were down 1871 per cent, and shoe
stocks, IT'S per cent. At the end of
December groceries stocks were 105
per cent lower than at the end of
November. dry goods were off 5.3 per
cent. shoes 81 per cent higher and
hardware per cent higher.
The Richmond bank report closes
with glowing report on collections
in wholesale lines during December.
OF the receivables due on December
], wholesale hardware collections to-
tailed 84.7 per cent, dry goods 41.6 per
cent, shoes Gil per cent. hardware
48.4 per cent and drugs 81 per cent,
the information for all these impor-
tant summaries being furnished by
So firms doing business in the five
wholesale lines mentioned. The sta
tistics show beyond any doubt that a
real dent was made in the depression
during 1884 in this trade area.
Delmar Heads Corporation.
The annual meeting of the stock
holders of the Lincoln Service Corp,
industrial Bankers, was held in the
home offices in the Woodward Build
ing yesterday. The following di-
rectors were elected: Ellsworth C.
Alvord, David Burnet, William j.
Byrne, Francis ]. Crilley, William
S. Culbertson, Charles Delmar, H.
Rozier Dulany, jr.; John P. Jackson,
L. E. Pope, Rowland C. Ringgold,
Frank B. Severance and Durand w.
Springer.
At the directors meeting the fol-
lowing officers we're elected: Charles
Delmar, president; Francis j. Crilley,
vice president; L. E. Pope, vice presi-
dent; Durand w. Springer, secretary
and treasurer, and William M. Mon
roe, assistant secretary and treasurer.
The board reappointed John H. Ver-
kouteren auditor and Alvord & Alvord
general counsel for the corporation.
The directors declared the regular
semi-annual dividend of 31a per cent
on preferred stock payable February
j to stockholders of record December
81. The corporation recorded a sub
stantial increase in its business for
the year 1884 over 1888, amounting
to 1887 per cent.
Bonds Strong on Exchange.
Capital Traction SIS, which have re-
Gently been In unusually good demand
on the Washington Stock Exchange.
made new high in today's trading.
On single $500 sale they reached go
Tor the first time on the present move.
They closed with 91A bid and 90
asked.
Washington Railway & Electric As
led today's market in volume. They
figured in four 81 1000 transfers at 100.
off half point from the one $1,000
sale made yesterday. They closed with
100 bid and 1o0R asked, a very small
spread.
The only stock sale today was in
Potomac Electric Power 512 per cent
preferred. A 5-share lot moved at the
strong price of 1121a. This price was
also new high mark for 1895.
American Fire Insurance stock.
Corcoran Fire Insurance, Emerson's
Bromo-Selzer "A' and Washington
Gas Light have been added to the list
Of issues which are soon to pay regular
dividends.
Heard in Financial District.
Richard Whitney, president of the
New York Stock Exchange, was in
the city yesterday, conferring at the