Evening star., 1938-07-17
STORE SALESHOLD
ABOVE YEAR AGO
DESPITE DECLINE
D. c. Volumes Drop in Week,
but Remain Slightly
Ahead of 1887.
BUILDING AND CHECKS
BOTH SHOW DECREASES
Leon Brubaker Named Co.Manager
of Bache 0fice-National Union
Insurance Elects.
By EDWARD C. STONE.

By EDWARD C. STONE.
For the fifth consecutive week trade
In Washington department stores was
ahead of the corresponding week a
year ago, the Commerce Department
reported yesterday in the weekly sur
vey of 35 cities.
Compared with the same week last
year the unweighted average of all
reporting stores in the Capitol showed
gain of 1.67 per cent. The average
gain for all reporting stores, how
ever, excepting one store where a
heavy decrease was noted, was 5.38
per cent, the Commerce review said.
Retail sales in the city were off II
per cent from the previous week. This
drop averaged from 6.18 to 37.6 per
cent. In other cities in this area
retail trade displayed mixed trend.
The national review disclosed that
Washington was again among the
list of cities registering definite
gains over last year, Charleston, S.
c., being added to the list. The Com
merce survey said that for the first
time in many months about as many
localities registered increases in re-
tail trade as losses.
Building permits in the Capital
were slightly under last year, s436,-
$50, comparing with $449.4O0 Bank
clearings totaled $23,s63,o51, against
$25,323,268 a year ago, the report
said.
Bache Promotes Brubaker.
Leon B. Brubaker has been appoint
ed co-manager of the Washington Of
flee of j. S. Bache g. Co., New York
Stock Exchange firm, located in the
Washington Hotel, according to an
nouncement yesterday by Frank j. F.
Thiel, resident manager of the office
since 1888.
Mr.. Brubaker has been associated
with the Washington Office since it
was opened in 1888. A native of AL
toona, Pa, he has lived in the Capital
for the last Is years. He attended
George Washington University and
American University here and studied
law at the Cleveland Law School in
Cleveland.
When he first came to Washington
Mr.. Brubaker became identified with
Maddux, Marshall & Co., real estate
firm, and after an apprenticeship be-
came sales manager Of the organiza-
ton. He entered Bache's brokerage
Office as a customers man and later
was made assistant manager
Frank j. F. Thiel was formerly as
sistant treasurer of the United States
1t will be recalled that j. S. Bache
& Co. recently acquired the Washing
ton office of Westheimer g. Co.
Insurance Officers Elected.
Directors Of the National Union In
surance Co. of Washington, at the Or
.ganization meeting Friday, elected
these officers for the coming year:
Alfred H. Lawson, president; John
Saul, vice president; Floyd E. Davis,
vice president William H. Somervill,
secretary, and William H. Marbury,
assistant secretary.
At the annual meeting of the stock
holders, held recently, the following
directors we're chosen: William l..
Beale, Charles R. Brown, Floyd E..
Davis, Alfred H. Lawson, William H.
Marbury, Walter S. Prett, jr.: John
Saul, James P. Schick and William
H. Somervill.
Semi-Annual Dividend Paid.
The Northwestern Federal Savings
u Loan Association paid its first semi
annual dividend on June 80 at the
rate of Az per cent per year. The
Federal charter was granted on May
IL and the firm opened for business
as a Federal association on June /.
The original association was organ
lied in 1901 and operated until re-
Gently from its Offices in Takoma
Park, Md. The company has paid
consecutive dividends for IS wears.
Current resources are nearly $780,
900, with reserves and undivided
profits around $166, 900.
Howard S. Gott, secretary and treas
urer, announced yesterday that there
was an increase of $l56,000 in assets
IN the first half of the present year.
The president is E. v. Crittenden.
Columbia Elects Director.
Frank j. Stryker, president of the
Columbia National Bank, yesterday
announced the election of James
ODonnen, jr.. as member of the
Board OF Directors. Mr.. O'Donnell at
tended Loyola College in Baltimore
and Is graduate of the George
town Law School. He is engaged in
the active practice of law in this city.
The Washington Stock Exchange
gave an excellent account of itself
during the week. The listing of an
S800,o00 issue of Terminal Refrig-
Grating & Warehousing AZ per cent
bonds was announced More than
600 shares of Liberty National Bank
stock changed hands at $3.50 a share,
and there was an active volume of
trading in other issues.
Mergenthaler Linotype got up to
24%, new high, and Washington
Gas Light preferred stock was in
lively demand at es1a. Capital Traction
IS reached 671z from low for the year
of 81.
No Appeal in Bank Case.
The Federal Government cannot
appeal its case against stockholders
Of the defunct Hartman National
Bank, Acting Controller of the Cur
rency Marshall R. Diggs announced
last night
The courts finding of facts is final.
and the facts were the only Federal
question involved, Mr.. Diggs ex-
planned. The Federal Government.
therefore, is not able to appeal any
phase of the case, he pointed out.