Evening star., 1937-02-07
CAPITAL SESSIONS
TO DRAW CREDIT
CHIEFS TOMORROW
About 300 Executives Due
for Association and
Bureau ConcIaves.
BRISK UPTURN SHOWN
AT Department STORES
Weeks Climb of 1874 Per Cent
Raises Volumes $3.50 Per Cent
Above Same 1886 Period.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
About 300 delegates will attend the
annual convention of the Columbia
region conference of credit bureau
managers in the Eastern part of the
country and concurrent sessions OF
districts and II Of the National
Credit Association. which open two
day program at the Mayflower Hotel
tomorrow morning. Registrations be-
gin this evening.
John X. Althaus. secretary and
treasurer Of Associated Retail Credit
Men Of Washington. announced yes
terday that the combined conventions
will draw many Of the most prom
inent retail credit men in the United
States, some of whom are to appear
on the program.
Washington speakers include Elsie
M. Lee, credit manager of Frank r.
Jelleff, Inc, whose subject will be The
Feminine Viewpoint in Using Inserts
With Bills and Collection Letters"
John r. Reilly, president of the Sec
ond National Bank, will speak on
Retail Credit Inflation-Ls 1t Pos
sibility or Fact?"
Retail credit men are much con-
cerned with the present aspect Of
credit conditions, association officials
say, and since business turned the
corner there have been many con-
flicting ideas as to safe-and-Sane poll
cies. This feature of the situation
will receive most careful attention.
The Columbia conference territory
covers the District of Columbia, Della
ware, Maryland, New Jersey, New
York, Pennsylvania, Virginia and West
Virginia. George C. Robinson of Rich
mond being president. John K.
Althaus is chairman of the Arrange
ments Committee, assisted by Charles
w. Prettyman. Charles M. Keefer.
S. Kann g. Sons, is chairman of the
Publicity Committee; E. Emerson Sny-
der. Raleigh Haberdasher, Banquet
and Entertainment Committee. and
Roscoe w. Reichard, the Hecht Co.,
Of the Exhibits Committee.
d. C. Trade Forges Ahead.
Brisk retail buying in washington
during the past week forced depart
ment store sales up 1874 per cent above
the previous week and $50 per cent
ahead OF the same week year ago,
the Commerce Department reported
yesterday in its weekly review of busi-
ness conditions in 81 big cities.
Bank clearings in the Capital totaled
&23,905,773 for the week, compared
with $24,745,93 for the previous week
and $18,739,894 in the corresponding
week year ago. The value of building
permits totaled $975 1000, against $l78,-
700 in the previous week and $438, 900
in the same week last year.
The rest of the fifth district dis
played mixed trade tendencies because
Of bad weather. Charleston, S. c.,
reported IS per cent gain, while
Baltimore and Norfolk reported
weather handicaps, although Baltimore
wholesale merchants reported that
retail dealers were buying further
ahead than in any similar period in
several years.
Net sales of Peoples Drug Stores,
Inc, for January totaled $1,798,040 in
comparison with S1,613,084 in January.
1886, an increase of $184, ,956, or 11.4
per cent, the head Office reported here
yesterday. Sales for December showed
an increase of 1872 per cent over De-
cember, 1885.
Lanston Monotype stock figured in
Its first sale of 1887 on the Washing
ton Stock Exchange yesterday, A
shares selling at 95. The stock closed
with e5 bid and 100 asked. Yesterdays
sale followed announcement earlier
In the week of a So dividend, payable
February 20. Washington Gas Light
IS, 1859. came out at 10534, up n, on
q $4,000 transfer. Capital Traction
IS sold at 941a, unchanged. Riggs
National Bank common commanded
341 on two-share sale.
During the week the bid on East
Washington Savings Bank stock, sold
over the counter, advanced from 13 to
l4h, and the bid on Hamilton Ma
tional moved from 80 to 321a.
Statesmen Win Bermuda Trips.
c. E. Warner, jr., and Mabel S.
White of Slauson, White & Rowe,
distributors of Independence Fund for
Washington and Maryland, have won
q trip to Bermuda with all expenses
paid in a sales contest conducted by
the latter company. The trips were
awarded to sales representatives who
produced the largest volume Of busi-
ness during December and January.
Slauson, White g. Rowe reported
yesterday that December and January
were the best business months since
the firm was organized. At the same
time independence Fund announced
q gain of "a per cent in business in
1896 compared with the full year 1885.
Bankers to Attend Conference.
Robert v. Fleming, president Of the
Riggs National Bank. and Sidney F..
Taliaferro, trust officer. will be among
Washington bankers attending the A..
B. A. Midwinter Trust Conference
which opens in New York Tuesday.
George O. Vass, vice president and
cashier of the same bank, and Lanier
p. McLachlen, president OF the Nc
Lachlen Banking Corp, will attend
the third days session and the annual
banquet.
Independently owned and operated
retail establishments in the United
States, totaling 1,474,149 during 1885.
accounted for 73.1 per cent Of all re-
tail sales of the country, the Depart
ment Of Commerce reported in con-
nection with its current census Of
business.
EXCHANGE SEAT DOWN.