Evening star., 1938-05-08
Sharp Weeks Climb Leaves
Total Only ! Per Cent
Below Year Ago.
ADVANCE MAINLY DUE
TO SPECIAL PROMOTIONS
Washington Is One of 10 Cities
Reporting Trade Practically
on Par With 1887.
BY EDWARD c. STONE.


stantial advances over the precedin,
week, averaging an increase of 1911
per cent, due mainly to special pro
motional events. the Department O
Commerce announced yesterday On,
store registered a gain of 118 per cent
which was not included in the abov,
average, the report said.
In comparison with a year ago
the trend of Capital trade was mixee
but averaged a decrease of approx
mately l per cent, the weekly review
said. Washington was one of /!
leading cities In the country in which
retail sales were practically on a pa
with last year
Bank clearlngs in this city wer'
lower than year ago, $22 1927, ,26:
comparing with $29,l2O.3O6. Building
permits for the week totaled s317,42;
against $846100 a year ago Apri
permits for new construction amounted
to sl,366,175; April, 1887, S2,491 $50
There were nearly as many visitor!
IS a year ago.
The rest of the fifth district reported
trade running close to last year. II
Baltimore favorable shopping weather
promotional sales and Mothers DAY
buying made trade fairly satisfac.
tory" Wholesale trade followed the
pattern of retail business, the Com.
poerre rerorf sfofod
Peoples Drug Sales Improve.
Peoples Drug Store sales in Apri
turned upward, as did the sales of 81
many of the big chain store systems
Net sales totaled sl.8a,957 as com.
pared with $1,807 1858, an increase Of
$500 or 02 per cent. Net sales fol
the first four months of this yeal
amounted to S7,226,663 against Sc,
9s0,961, an increase of s235,702 or g.:
per cent.
The April showing was much better
than the results in March which re.
vealed decrease of ST. per cent from
March, 1887
Holland Addresses Lions Club.
T. Stanley Holland, trust Office,
Of the American Security g. Trust Co.
and a member Of the speakers unit
Of the District Of Columbia Bankers
Association, addressed the Lions Club
of Washington at the last weekly
luncheon. The title of his address
was Bank Services in Managing an
Estate" Mr.. Holland spoke in the
absence Of w. T. Vandoren, vice pres
ident and cashier of the Liberty Ma
tional Bank. who was unable to be
present because of illness.
Paul j. Seltzer, chairman Of the
Educational Committee of Washington
Chapter, American Institute of Bank
ing. announced yesterday that the
spring semester examinations will
commence tomorrow. Approximately
225 junior bankers are now completing
the years work in commercial law
economics. credit management, bank
management and real estate.
Twelve Bankers Rewarded.
The Hamilton Bank Club, meeting
Friday evening at the main Office.
presented certificates to employees who
have completed a course in Intensive
Bookkeeping and Accounting" con-
Quoted by two members of the club,
Kenneth o. Hulse and w. j. De
Jarnette, both graduates Of local ac-
countancy schools.
Those completing the course are
W. E. Ahlenfeld. William L. Ashdown,
Norman A. Bell, James H. Brashears,
Paul v. Donovan, D. G. DUNN, John
r. Fletchall, Charles E. Hampson,
Mrs. Twila c. Kile, E. E. Miller. B. E.
Thomas and Raymond L. Thomas.
f. c. Graham, president of the
bank, exhibited to the members in
teresting moving pictures taken at
his Miami home, and musical enter
tainment was furnished by the Hamil-
ton Bank Orchestra.
Record Insurance Turnout.
Between 1000 and 1,100 insurance
men attended the annual joint sale!
congress of the District Life Under
writer's Association and the Baltimor,
association Friday in Baltimore. tn
largest attendance yet recorded at on
Of these meetings. The Washington
association sent very large con
tingent.
President o. Sam Cummings of tn,
National Association of Life Under
writer's captivated his fellow member
with his address on the latest develop
ments in the insurance field. Mel
Carothers, Leigh University. wa
another headline speaker.
The District association is nov
ready for Insurance week." whicl
opens tomorrow forenoon in the De
partment of Commerce Auditorium
with special exercises, including
short address by Secretary Roper. Tn
May luncheon of the local association
will also take place tomorrow at tn
willard Hotel at 1890, with Presiden
Paul H. Prinm presiding. Director
for next year will be elected at thi
meeting. The speaker will be Josepl
H. Behan.
Heard In Financial District.
Capital Transit stock was q bi
stronger on the Washington Stoc
Exchange yesterday. closing the wee
at 7. Other issues were unchanged.
The Fairfax g. Alexandria Buildin
Association has become a member G
the United States Building and Loa
League.
An issue of $30.00o.0oo debenture
Of the Federal Intermediate Cred
Banks has been sold. The debenture
are 1hs, due in six and nine months
About $50 reservations have bee
made so far for the Bermuda con
vention cruise Of the Maryland Bank
ers' Association, May q to June 2.