Evening star., 1936-08-25
TRADE ADVANCES
lin FIFTH DISTRICT
Large Gains in Wholesale
Lines Reported by Rich
mond Bank.
RY HAROLD b. ROGERS.

wholesale uueS ileTc III tIAc llIIli TCo-
eral Reserve district were reported by
the Federal Reserve Bank of Richmond
today, both for July and for the first
seven-month period of the year, as
compared to similar periods last year.
Increases in July. 1885, sales as COM
pared with July, 1885, in the five lines
were as follows: Groceries, 1s.5 per
cent; dry goods, So per cent; shoes, 81;
hardware, 23.s, and drugs, 1879.
July, 1886, sales showed gains over
the previous month of June this year
as follows: Groceries, 14.4 per cent;
dry goods, 16.3; shoes, 558; hardware,
90, and drugs, rs.
Gains in the first seven months OF
this year over the similar period last
year were as follows: Groceries, 8.9
per cent; dry goods, 155; shoes, 5.3;
hardware, 90, and drugs, 6.3.
July 81, 1896, stocks, as compared
with stocks on July 81, 1885, showed
the following changes: Groceries up
i per cent; dry goods, down Al; shoes,
up 5.6; hardware, up ga.
Percentage of July collections to re-
eeivables on July /, 1885, were as fol-
lows: Groceries, 1889 per cent; dry
goods. AS shoes, 57.l; hardware, 47s,
and drugs, TIA.
A. 1. B. Plans Completed.
Final plans for the Fall open meet
ing of Washington Chapter, Ameri-
can Institute of Banking, to be held
Wednesday night. September 8, in
the small ball room Of the Willard
Hotel, were announced today.
Governor Joseph A. Broderick OF the
Federal Reserve Board and DR.. Stonler,
national educational director of the
A. B., will honor the local chapter
by delivering brief addresses at this
meeting before they present the ma
tional radio commencement broad
cast from the N. B. c. studio here.
Their broadcast will be presented also
as part of the program from 1890 to
IL pm. Governor Broderick will
speak on adult Education in Bank
ing"
At the meeting at the hotel certifl-
Gates and prizes will be awarded to
pre-standard and standard gradu-
ates. Prizes will be awarded to the
winners the w. w. Spaid Gold Tourna-
ment.
The program for the meeting has
been arranged in cooperation with
the national commencement exercises
over the radio.
Paul J. Seltzer. president OF the
chapter, will preside.
Karl W. Corby, president OF the
District of Columbia Bankers AsSo-
ciation, will present the greetings OF
that organization. Raymond B.
Dickey, dean of A. I. B. faculty. will
speak.
Following the meeting there will be
dancing.
Thomson Heads Delegation.
Eliot Thomson of Washington Loan
4, Trust Co. will head a delegation
of Washington bankers to attend the
twenty-first annual convention OF the
National Financial Advertisers Asso-
ciation In Nashville, Tenn, Septem-
Der 14-17.
washington bankers look upon this
as an important convention, accord
ing to Mr.. Thomson, and it is ex.
pected the delegation, while probably
large, will be representative OF the
banking circles of Washington.
The theme of the meeting Is to be
"The Human Side of Finance" and
concerns itself with the manner and
need of rendering financial service
rather than the technical method.
Leaders Will Speak.
Leaders in public relations work in
other fields will stress the Importance
Of the human relationship, both in
their own industries and in finance.
Among the speakers are: c. M.
Preston, president Hamilton National
Bank, Konxville and president of the
Tennessee Bankers Association: F. A.
McKowne, president Hotels Statler,
Inc, New York; Carlton K. Matson,
editor the News Bee, Toledo, Ohio,
formerly a member of the Financial
Advertisers Association; H. G. Wea-
yer, manager customer research, Gen.
eral Motors Corp. Detroit; C. H. Han
derson, McCann- Erickson. Inc, Cleve-
land, and president of the Financial
Advertisers Association in 1927; c. w.
Bailey, president of the First National
Bank of Clarksville, Tenn; Harry
Boyd Brown, sales manager Philco
Radio and Television Corp; Frank j.
Reynolds, president Albert Frank
Guenther Law, Inc; John Stevenson.
McGraw-Hill Publishing Co., New
York; ]. K. Sinclaire. McMillan-Sin-
claire Co., New York, and A. G. Brown,
president the Ohio Citizens Trust
Co., Toledo.
Canada is represented on the pro-
gram by G. S. H. Carter, publicity
officer of the Toronto General Trusts
Corp; G. Lorne Spry advertising
manager, Canada Trust Co., London,
Canada. A woman speaker will be
Miss Betty Sutton, advertising mana
ger American National Bank of Kala-
mazoo, Mich.
An unusual feature will be the re-
port of a survey on what most peo-
pie don't know about banking"
Utility Service Praised.
Virginia Public Service Co. Of the
Associated System is gratified over
Alexandria that it had less dead aie
time" than any other of the seven
Columbia Broadcasting System owned
and operated stations.
In letter to j. w. Howard of Vir-
ginia Public Service, A. D. Willard
sr, sales manager Of WJsv, says
Four total loss of time at this station
Tor the year attributed to all cause.
was / hour 38 minutes 16 seconds.
! "Your organization is to be congrat.
Elated on its splendid part in making
this record possible. Our total los.
for the entire year due to power fail.
ilre, ducts or surges attributed to the
Virginia Public Service Co. amounted
10 only 5 minutes and 26 seconds"
B. & O. L0ADINGS RISE