Evening star., 1937-08-01
CLEAR|NCS STAGE
SUBSTANTIAL RISE
ABOVE 1886 LEVELS
July Total at S110,59O,257,
Against $1O0,333,520 in
Period Year Ago.
D. c. RETAIL VOLUMES
SMALLER DURING WEEK
D c. Bankers Association Picks
Homestead at Hot Springs, Va,
for 1888 Conclave.
BY EDWARD c. STONE.

BY EDWARD c. STONE.
Substantial business gains in the
Capital in the first seven months OF
1887 and in July alone are indicated
by the Clearing House Associations
latest report on bank clearings, out
yesterday.
Manager George H. Bright report
59o257e7, as compared with $780,
333.520.02 in July, 1886. an increase
OF sl0.256.7 1875, and that clearings
In Washington in the first seven
months OF this year amounted to
1851 $40 l93.o7, in comparison with
1851 ,229 63l,62 In the like period last
year. This was an upturn of $l0,-
6l0,5sl45.
The striking gains in clesrings so
far this year. over 1887. are wildly
brought out by monthly comparisons
with the corresponding periods in
1896, as follows:
1887 1886.
January Sl0o562 O83 90 $50, O54o 90
February e2.l92,37ooo 7s,O24.52l.0 90
March - 1l4,782.9l8OO 86355.87e. 90
April --- 1l5.7l5,4s4.Oo 90 100, ,389, ,ol4Oo
May - 103997 $1,000 e4295,ll2O0
June --- 1240o9. 1894 1O4,84l .O3471
July ---- l1O,5eO.257e7 lO0,333, $1,000
d. c. Retail Sales Slow Up.
Retail trade was seasonably quiet in
Washington for the week ending last
Wednesday, the Commerce Depart
ment reported yesterday. off is per
cent from the previous week and 81
per cent from the corresponding week
in 1886. Bank clearings totaled 500
747.171. against the lower figure of
el8,o65.215 year ago.
Visitors to the Smithsonian Insti-
tuition numbered 70655, well ahead of
the previous week and last year The
value of building permits issued
amounted to s253.ooO. compared with
S1.2OO.300 year ago when the figure
contained a permit for $750,o00
department store warehouse
Trade elsewhere in the fifth dis
trict was slow although Baltimore re-
ported real interest in wholesale buy
ing for the Fall season. Charleston.
15 per cent gain over last year in re-
tail sales.
Bankers Select Hot Springs.
Thomas j. Groom. president, Dis
trict Of Columbia Bankers Associa-
ton. announced yesterday that the
Council of Administration, at its meet
ing on Thursday. selected the Home
stead, Hot Springs, Va, as the meet
ing place for the associations 1888
conclave.
President Groom stated that the
convention dates had been set for
June Gil, inclusive, but that the
bankers would 60 by special train in
the late afternoon Of June 8, arriving
during the evening, thus affording
daylight view of the mountains. The
return trip on Sunday, June II, will
also be in the afternoon.
This same plan was an innovation Of
the 1887 convention, and was so
heartily received that the council de-
cided to adopt it again for the 1898
meeting.
President Groom also announced
that the convention chairmen would
be named at the associations Mid
winter meeting in January.
Educational Leaders Named.
Paul j. Seltzer of the American Sc
curity e. Trust Co., recently appointed
chairman of the Educational Commit
tee of Washington Chapter, American
Institute of Banking, has named the
committee to assist in planning the
program for the coming year. The
other members include:
Francis E. Robey, Bank of Com
merce & Savings, vice chairman;
Frances E. Nagel, Riggs National
Bank. secretary: Edward M. Blaik-
lock, Washington. Loan Il Trust Co.;
John M. Christie, Riggs National; Au-
brey o. Dooley, Hamilton National;
George B. Earnshaw, National Metro
polltan; Joseph R. Fitzpatrick, Sec
ond National; Margaret P. Hayden,
Columbia National Robert H. Lacey,
Columbia National; G. Elmer Flather,
Union Trust Co.; T. Hunton Leith
Security Savings & Commercial; Myr-
tie P. Lewis, Liberty National, j..
Earle McGeary, w. B. Hibbs & Co.;
Richard A. Norris, Lincoln National;
Frank M. Perley, American Security
g. Trust Co.; Walter L. Sanderson,
Hamilton National, and G. Craw-
ford Turnbull, Morris Plan Bank.
Announcement that George N. Raw
had been elected president Of Randall
H. Hagner & Co. was received with
much interest in the financial dis
trict yesterday, He succeeds the late
head Of the firm and has had wide
business experience.
The Securities and Exchange Com
mission is expected to announce adop-
tion Of over-the- counter trading rules
shortly. Investment Banks Confer
ence. Inc, has been working with the
commission on the proposed rules
which have furnished one Of the most
battling problems with which the
commission has had to deal.
The McAdoo branch banking bills
came in for further condemnation
when the Maine Bankers Association
denounced the measures at its annua
convention.