Evening star., 1935-02-26
STORES DISCLOSE
GOOD COLLECTIONS
Washingtonians Pay Bills
More Promptly, According
to January Report.
BY EDWARD C. STONE.

ginning of the month, according to a
report made today by the Federal Re-
serve Bank of Richmond. The report
shows an extra good 1885 start WASH
ingtonians are paying their bills more
promptly
For the whole fifth district collec-
tions were 30.6 per Gent ahead Of
January. 1884. In Richmond collec-
tions were up 1928 per cent; in Balti-
more, 314 per cent; in group of
other cities, 30.6 per cent.
Retail sales in Washington stores
gained 1875 per cent, Richmond re-
ported a decrease in sales of "a per
cent, while Baltimore business was
2.9 per cent better than year ago.
A group of other cities reported a
gain of 13 per cent AS the average
for the first district was per cent,
the National Capital was far ahead
of all other sections.
Stocks on hand at the end of jan
uary, 1895, in this city were per cent
lower than year ago. Richmond
stocks were 98 per cent higher, Bal
timore reported a decrease of 6.2 per
cent. Other cities had an advance of
about per cent, but the average for
the whole trade area experienced
falling off of 80 per cent. Goods on
hand. compared with the end of De-
cember, were So per cent lower in
this city, off 78 per cent in Richmond,
down per cent in Baltimore, and
down 6.3 per cent as the fifth district
average.
Capital stores topped the list in
stock turnover during January, .291
times; Richmond's turnover was .258
times, Baltimores .254, other cities
1856 and the whole district 267. The
statistics were presented by 81 stores
Banks Stockholders Meet.
In conjunction with the Southeast
ern Group Conference of Building and
Loan Associations at the Mayflower
Hotel the second annual stockholders
meeting of the Federal Home Loan
Bank of Winston Salem was held yes
terday. with William S. Quinter of
this city presiding. Chairman Ivan
Allen welcomed the stockholders and
the president of the bank, Thomas W.
Elicit, made his annual report, which
showed very active year.
lOll chCIullNe NICc pIcSl-
dent of the United States Building and
Loan League, and Leon Cash, North
Carolina, were leading speakers. At
the afternoon session open forum
Fred w. Catlett member of the Home
Loan Bank Board spoke on Insurance
of Shares" Two other members of
the Federal Home Loan Bank Board
H. E. Hoagland and Horace Russell,
discussed examinations and loans
while James M. Roundtree, general
manager of the Federal Savings and
Loan Division, also took an active
part in the forum
Washington building and loan men
are members of the Winston-Salem
board and the banks progress is Of
vital Importance to this area.
Higher Tobacco Prices Seen.
The outlook for the tobacco in
dustry during the current year is ex-
ceptionally favorable and higher
prices may be expected because of the
favorable statistical position, Fenner &
Beane state in study of the tobacco
situation, prepared in connection with
the Inauguration of trading in tobacco
1UIuIeS Oll IIle NcW 1OIh HIOUuCe
Exchange.
From a statistical standpoint the
tobacco industry is in much more
favorable position than was the case
year ago, due to increased consump-
ton, coupled with curtailed produc-
tion under the A. A. A. program of
last year, the firm says. AS result
prices are substantially higher than
in recent years, hurley tobacco for
instance, now being quoted around "a
cents pound, against an average
spot price of 8.7 cents in 1881, while
f1ue-cured types are quoted around
IS cents per pound against an average
spot price of 8.4 cents in 1881.
Commenting upon the domestic
tobacco outlook for 1885, Fenner g.
Beane point out that total supplies
of all important types of tobacco are
below those of a year ago.
Vaught Host to Sales Force.
AS token of his appreciation of
the largest months production of the
Investors Syndicate, w. j. Vaught,
manager of the Washington Office,
gave his sales force, their wives and
friends, banquet at the Lafayette
Hotel Saturday evening. Attending
were: Max Mathiss, assistant sales
manager, of Minneapolis; Edward B.
Ryder, State manager of the Balti-
more branch office; Miss Beulah L.
Dawson, secretary to the local man.
ager; Mrs. w. j. Vaught, Mrs. E. B.
Ryder, Miss Lola Sharrits, Mr.. and Mrs.
Howard Brossard, Mr.. and Mrs. Dab
ney Truett, Mr.. and Mrs George w.
Greer, H. L. Jameson, Miss HomSher,
Walter Crist, Mr.. and Mrs. William
Sterling, H. w. Lucas, Miss M. Pearl
Mccall, Joseph Baldwin, Charles H.
Mason, Robert Sine, Mr.. and Mrs.
Robert Mess, Mr.. and Mrs. Don Her
wick, S. Y. Todd, E. G. Vannoy,
George F. Hamilton, George F. Pier
son and Miss Hendrickson.
E. M. Richardson, secretary of the
company. stated that in 1884 the COM
pany enjoyed the largest volume of
new business in its Al years of opera
tion, and that the volume of new
business written during February was
the largest of any month in the COM
pany's entire history.
Investment Trust Assets Up.
Firms in this city dealing in securi-
ties of Massachusetts, Investment
Trust are distributing the tenth an
nual report, which shows that in 1884
per share asset value increased 6la
per cent. More shares were purchased
by investors than in any other year.
The report shows a gain of ss,so8,-
362 in net assets, gain of 452.135
shares, and an increase Of 1852 stock
holders, bringing the total above the
10000 mark.
The average investment per share
holder increased from 659 shares to
1872 shares, an increase of 20 per cent.
Increased dividends or extras were
received on 80 securities held in the
trust during the year. while reduc-
tions were made on only three stocks.
The report includes an interesting
comparison of holdings at the end of
1894 with the 1888 list.