Evening star. [volume] (Washington, D.C.) 1854-1972, 1937-05-09
TRADE IS BOOSTED
SHARPLY HERE BY
FEDERAL PAY ROLL
Sales Soar 37.99 Per Cent
Above Previous Week.
Lag Behind 1896.
CHECKS AND BUILDING
WELL ABOVE YEAR AGO
Tom K. Smith, A. B. A. President,
Will Address Conclave of D. c.
Bank Association.
BY EDWARD c. STONE.

BY EDWARD C. STONE.
Partly due to Government pay day,
retail sales in Washington department
stores during the past week jumped
37.9s per cent above the trade volume
of the previous week, the Commerce
Department reported yesterday in its
weekly business review covering So key
cities. Comparison with the CORE
spending week a year ago, however,
revealed drop of 1873 per cent.
Bank clearings in the Capital scored
sharp gain over the like week last
year, s2e, 120, 306, against S24,58O, SAB.
Building permits, too, made a fine
showing, being valued for the week at
$846,100 as compared with s45l 400 in
the previous week and S331,700 in the
same week in 1886. Tourists at the
Smithsonian Institution were far
ahead Of the corresponding week last
year, as the city's hotels swarmed
with Spring visitors.
In the rest Of the fifth district retail
trade volume advanced moderately
more reported wholesale business i'm
proving, with orders for immediate
delivery being satisfactory and some
Fall requirements now being covered.
Warmer weather will quicken con-
sumner demand in Maryland, the Vir-
ginias and the Carolinas.
A. B. A. Head on Program.
Tom K. Smith, president of the
American Bankers Association and
president of the Boatman's National
Bank, st. Louis, will address the nine
tenth annual convention of the Dis
trict Bankers Association, at White
Sulphur Springs, Charles H. Doing,
chairman of the Program Committee,
announced yesterday. The Banking
Outlook" will be the A. 3. A. chiefs
subject.
Chairman Doing was greatly pleased
to get the acceptance Of one Of the
Nations most prominent leaders as
one Of the convention speakers. The
other leading speakers on the program
will be announced shortly, Mr. Doing
said, plans for ell the business ses-
sions now being practically completed.
T. Stanley Holland, chairman of the
Transportation Committee, reported
yesterday that reservations received to
date are well above the number on
the same date in any previous year
One of the reasons for this is the fact
that the bankers will have a five-day
trip with only two-and-a-half days
away from their Offices.
Hill Joins Investment Firm.
John Rowland Hill has become asso-
ciated with the sales organiza ton OF
Y. E. Booker & Co., investment bank
ers, it was announced yesterday Mr.
Hill was with the Washington Office of
G. NJ. P. Murphy & Co., from 1923 TO
1894, when he joined the staff of R
G. Rankin 81 Co., certified public &C
countants, assisting in making audits
for many local corporations. In 1896
he returned to the brokerage business
A native of Washington, Mr.. Hill
was educated in the public schools
here and at Princeton. as well as
taking many courses in the American
Institute of Banking He is a men,
Der of the Princeton Club, Chevy
Chase Club. executive board of the
District of Columbia Boy Scout Coun-
Gil, National Symphony Orchestra
board of directors and the Junior
Board of Commerce.
Capital Transit Stock Lower.
Capital Transit stock figured in a
sale of five shares on the Washington
Stock Exchange yesterday at 1874, a
new low mark for 1887. The stock
closed with IL bid and 1917 asked.
Washington Gas Light stock opened
with 10 shares selling at 10, 10 more
at 1894, 10 at 1914 and closed with IL
going at 1914. A single share OF
Washington Railway Electric pre-.
1erred commanded 1882.
Bid and asked prices on other issuet
were little changed. While trading
was slow Saturday, the weeks tota
trading volume held up we'll.
Bankers Adjourn Conclave.
The annual convention of the Ma.
tional Safe Deposit Association ended
the business sessions yesterday after.
noon at the Willard Hotel. Tn,
chairman at the concluding session
was Edward S. Lubbers, New York, WHIT
was introduced by Mrs. Helen R
Sharpe Of the Bank of Commerce &
Savings, this city, who is very activ,
in safe deposit work
E. D. Madden of McCann-E rick
son, New York, spoke on "Co-opera
tive Advertising" and play, "A Da.
In the Vault" was presented. Al
noted elsewhere, the convention endet
last evening with the annual banquet
with Sir Willmott Lewis as the CUES
speaker.
The members Of the safe deposi
section Of the District Bankers As
ISOLATION were accorded unstintet
praise for the part they played in tn
conventions success.
Benson to Address Bankers.
Philip A. Benson, vice president o
the American Bankers Association
will address the joint convention O
the Virginia and West Virgins
Bankers Association at White Sui
phur Springs, w. Va, June "a.
25.CENT EXTRA VOTED