Evening star., 1936-06-17

forward all along the national busi-
ness front, with an even 100 OF the
Nations lat trading areas standing
within 20 per cent of normal at the
end of the month.
"At no time since recovery started
have so many of the trading centers
so closely approached normal business
conditions" states the agencys survey.
"Of the 100 areas in the silver lin
ing zone, II now stand at normal or
above, while 40 others are within Is
per cent Of their normal line. The
widespread character of the improve
ment is shown by May gains in 81
areas. There were declines in so areas,
most of them slight, and Is remained
without change"
At the end of the month, the na-
tional business index stood at 16 per-
cent below normal While this was
] per cent under the preceding month,
1t formed striking contrast to May,
1885, when business was 81 per cent
below normal
HilIyard With Bank 16 Years.
John F. Hillyard, who has just been
elected chairman o. the Safe Deposit
Section of the District Bankers Asso-
citation, has been with the National
Bank of Washington over Is years
and holds the position of assistant
trust officer.
A graduate of the American Insti-
tute of Banking, Business High School
and Columbia University, he is & mem
ber of the District Bar and has been
admitted to practice before the Su-
preme Court.
Past president of the Michigan Park
Citizens Association, he is serving aS
a delegate to the Federation OF Citi-
zens Associations. He is head of the
fourth degree Knights Of Columbus
which is the orders highest degree, be-
longs to the Board of Trade and sew
eral clubs.
The new section chief was twice
winner of the essay contest which is
sponsored yearly by the Bankers As
ISOLATION Elected with him for this
year were Mrs Helen r. Sharpe, vice
chairman; and P. G. Brady, secre-
tary; Andrew r. Walden and T. E.
Elgin, members of executive council.
Rural Sales Up 21 Per Cent.
Daily average sales of general mer-
chandise in small towns and rural
areas for May were about 2112 per
cent higher in dollar volume than for
May, 1885, and were 42 per cent above
those for the same month of 1884.
These changes were revealed by the
Bureau of Foreign and Domestic Com
merce, based on rural chain store and
mail-order sales.
Sales for May increased about l
per cent from April in contrast to the
usual decline at this season of the
year. The seasonally adjusted index,
therefore, rose to 1881 for May, on
the basis of 1929-3l as 100, from ITO
for April and 1862 for March.
Sales for the first five months of
the year were 1012 per cent above
those for the corresponding period of
1895.
Virginia Bankers Convene.
Earle M. Anick, assistant vice
president of the Riggs National Bank,
will represent the institution at the
annual convention of the Virginia
Association which opens at the Cava-
ler, Virginia Beach, tomorrow.
Walter ]. Harrison, with the Wash
ington Office of G. Mp. Murphy 81
Co.. and Henry Hall of the New
York Office, will attend the same con-
vention. Mr.. Harrison is former
banker, out has been in the brokerage
business for several years.
The Virginia bankers have an un-
usually interesting program. Plans
were partially upset by the in
ability of Jesse H. Jones, head of the
r. F. c., to make the principal
address Saturday, on account of in
juries received in an airplane crash
last Friday. The first meeting takes
place at 9 O'Clock this evening,
session of the executive council.
Woodward Dividends Declared.
Directors of Woodward g. Lothrop
have declared the regular quarterly
dividend of 371a cents share on
the common stock and an extra of
25 cents a share, payable June 27
to stock of record June 20. The
usual quarterly dividend of SITS a
share on the per cent preferred
was also voted, to be paid on the
amount to the one declared three
months ago.
Joshua Evans, jr., vice president
of the Hamilton National Bank, is
back at his desk after attending the
Cleveland convention. Maj. Ferry K.
Heath, resident partner in Hartman
& Keech, New York Stock Exchange
firm, also attended the same con-
vention.
Richard Hatton, financial editor of
the Washington Herald, is on his
vacation. He attended the reunion
of his class at Princeton and is
now at Epping Forrest.
Reports of rain in many sections
of the fifth district have temporarily
relieved the drought situation, which
had become alarming and threatened
very serious crop damage.
Today's Trading on Exchange.
Twenty shares of American Secur-
ity e. Trust Co. stock, selling at 25S
opened business on the Washington
Stock Exchange today. Ten shares
of Woodward & Lothrop common sold
at sc, up 3 points from the last pre-
yious sale, and 113 of Capital Transit
moved at 1872, gain of IL points
over last weeks close. e.
Five sales in Washington Railway &
Electric preferred, totaling SO shares,
were recorded at 110h.
Bond were stronger, two $1,000 and
one $500 sale in Capital Traction IS
4alzixanr ,alacn of QlA II from YES.