Evening star., 1936-08-31
CLEAR|NGS SCORE
LARGE RISE HERE
Increase of More Than Seven
Millions Over Last Year
Revealed.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
Another substantial gain in Wash
ington bank clearings was scored in
August when an advance of well over
S7000,000 was recorded by the Wash
ington Clearing House Association,
compared with the August, 1885, re-
port.
Clearings in this city in August.
this year. totaled S82, ,745, ,029.41 in
comparison with 75,543,871.82 in Au-
gust, last year, or a gain OF $7,20l,-
1879, according to the monthly re-
port made this noon by George H.
Bright, new manager of the Clearing
House Association.
The report indicates steady gains
in business in the Capital during Au-
gust, despite several very hot days
which had more or less bearing on
retail sales. The figures are in line
with the other monthly statements so
far this year which have shown
marked business improvement over
last year.
Clearings for August and for the
first eight months of 1886 compare
as follows with the monthly sum-
maries for the corresponding months
in 1885:
1886. 1885.
January -$86, ,990, ,54944 500, ,566, 1923 40
February 78,024, ,521.81 6o,956,28l 80
March - 1886, ,879.l9 74,112,669.72
April LOO, ,3S9, ,01414 77,447,954.34
Nav 94,295,11 77,957,95l.O0
June ----104, ,S41 ,034.O0 1895, $500
July ---1OO, 1888, ,520.o2 S3,oo3.06o.99
August - 82,745, ,029.41 75,543,S7l78
Fleming Reveals A. b. A. Program.
The complete program for the an
nual convention of the American
Bankers Association at San Fran
cisco, September q to "a, was an
nounced today by President Robert
v. Fleming of this city, president OF
Riggs National Bank.
It includes many prominent speak
ers, nationally known executives
from business and other walks OF
life. as well as bankers and trust
institution men.
The program for the three gen
eral sessions of the convention, which
Will De neld III tie 1tdiy AA0o'oAI ,
will be as follows:
First general session, September
22-9:45 am, music; 10 am, call to
order, President Fleming; invocation;
address of the president; report. oftl-
cial acts and proceedings Of EXecu-
tive Council; appointment OF ReSo-
lutions Committee; address, Jesse H.
Jones. chairman r. F. c., chairman
National Bank of Commerce, Hous-
ton, Tex; "A Banks Investment
Portfolio" Lindsay Bradford. presi-
dent City Bank Farmers Trust Co.,
New York City.
Second general session, September
23-9:45 am, music; 10 am, call to
order, President Fleming; invocation;
MAKE Haste Slowly" Leroy A. Lin
coin. president Metropolitan Life In
surance Co., New York City; THE
Bankers Part in Trust Service"
Gilbert T. Stephenson, vice president
Equitable Trust Co., Wilmington, Del;
report of the Resolutions Committee;
report of Nominating Committee and
election of officers.
Francis on Program.
Third general session, September
24-9:45 am, music; 10 am, call to
order. President Fleming; invocation;
Hero or Villain" Clarence Francis,
president General Foods Corp. New
York City; rs Democracy in Bank
ing on the Way Out?" Merle Thorpe,
editor and publisher Nations Busi-
ness. Washington, D. c.; Business
and Education" Leland Whitman
Cutler, president Board OF Trustees
of Stanford University, California; in
stallation Of officers.
The programs for the meetings OF
the divisions of the association, which
will be held at the headquarters
hotel. the ST. Francis, include COM
prehensive programs for the savings
division, State bank division. national
bank division, trust division, State
secretaries section, clearing mouse
round-table conference and a con-
structive customer relations clinic.
Retail Sales Best in Far West.
Daily average sales in small towns
and rural areas for July showed a
larger increase in the Far West than
in other parts of the country, as COM
pared with July, 1885. Estimates of
the Bureau of Foreign and Domestic
Commerce, based on dollar value OF
rural chain store and mail order
sales, indicate that sales in the Far
West were about Is per cent above
July of last year as compared with an
increase of about 18 per cent for the
country as a whole. The lowest in
crease, 1912 per cent, was recorded for
the Middle West.
Sales decreased from June to July
In all regions. The declines ranged
from IA per cent in the South to 20
per cent in the Middle West. The de-
crease from June to July for the coun-
try as whole was II per cent.
Sales for the first seven months of
1886, as compared with the CORE
spending period of the previous year,
were highest in the Far West, where
gain of 81 per cent was recorded, and
lowest in the Middle West. which
showed an increase of 81a per cent.
Comparing these periods for the coun-
try as whole, an increase of IL per
cent was recorded.
Heard in Financial District.
Sidney F. Taliaferro, trust officer
Of the Riggs National Bank, was back
at his desk today after a months
vacation passed on Cape Cod. While
away he caught some very large fish
and made some fine golf scores.
Raymond G. MARI, controller of
the Riggs National Bank, was also
back from his vacation today, as
was D. j. Callahan, jr., one of the
assistant cashiers at the same bank,
was another returning vacationist to-
day.
Members of Washington Chapter,
American Institute of Banking, are
making elaborate plans for the annual
Fall educational dinner, which is set
for September 9, when courses for the
coming years educational work will
be outlined in full and other arrange