Evening star. [volume] (Washington, D.C.) 1854-1972, 1938-11-06
DC Store Sales
Jump in Week,
Top Year Ago
Other Burometers Up;
Acacia Shows Gains
In Third Quarter
By EDWARD c. STONE.


Retail sales in Washington de-
partment stores during the past
week were substantially higher than
the previous week and slightly above
the corresponding week in 1887, the
Commerce Department reported yes
terday in review covering So i'm
portant cities.
Compared with the previous week
one department store registered a
decrease of less than per cent; all
others reported increases averaging
149 per cent. In comparison with
last year, the trend was mixed, the
resultant average revealing an in
crease of 1877 per cent, the Com
merce report stated.
October building permits totaled
Sl,777,60O, a good gain over ST Sol $50
in October, 1887. Bank clearings
amounted to $21,485 BOT, as COM
pared with $25 1899 Oil in the same
week last year. Passenger revenues
of the Capital Transit Co. for the
week ended Wednesday were much
better than year ago, $216645
against S207 038. More people Wis
tied the Smithsonian than in the
1887 week.
Reports from other cities in the
fifth district we're varied. Norfolk
reported a gain; Baltimore expert
enced no trade change. "A lack of
customary autumn crispness' was
assigned as the chief reason for
tagging sales in some cities, accord
ing to the Commerce summary.
Acacia Notes Business Gain.
William Montgomery. president of
the Acacia Mutual Life Insurance
Co., said yesterday that steady gains
shown by his company in the third
quarter provide an excellent index
of general .betterment in business
conditions throughout the country
He added that there is substantial
reason TO believe that the upward
trend will continue with steadily
growing force
At the end of the third quarter
Acacia's assets stood at more than
SIT 500 900, highest point in the his
tory of the company, Mr.. Mont
gomery said. At the same time
there was constant forward move
ment in the volume of business in
force
There are several facts in the
current record" Mr. Montgomery
said, which emphasize the basic
improvement which is taking place
in the general situation. During
the first half of 1898, there was an
increase in the demand for policy
loans. Then the tide turned, and
in the third quarter there was an
uninterrupted decline in the de-
mand for policy loans, and this
trend is continuing and becoming
still more pronounced at this time.
The volume of lapses also reveals a
substantial decrease, notable
change from realier in the year"
Flynn Home Mutual President.
Home Mutual Building & Loan AS
ISOLATION, 631 Pennsylvania avenue.
at the annual meeting last night
reelected all officers and directors.
Besides president, Maurice F. Flynn,
other officers include Joseph F. Bra
shears, vice president; Odell S.
Smith, secretary-treasurer, and Mar
ion Warfeld Smith, assistant sec
rotary and assistant treasurer. Home
Mutual, established in 1897, is a
member of the District of Columbia
Building and Loan League.
Directors elected were John Alden,
Carl Achterkirchen, Barry Black,
Joseph Brashears, James w. Brown,
M. F.. Flynn, G. w. Forsberg, R. Lee
Horton, John A. Maxwell, Charles
w. Morrison, Odell S. Smith and
Alfred Walford.
Walsh to Address Bankers.
The Rev. Edmund A. Walsh. vice
president of Georgetown University
and regent of the School of Foreign
Service. will be the first forum
speaker before Washington Chapter.
American Institute of Banking,
Chairman Paul j. Settler, American
Security & Trust Co., announced
yesterday. The forum is set for the
Willard Hotel, November %. The
speakers subject will be Foreign
Affairs" A distinguished lecturer,
the bankers are looking forward to
his address with great interest.
Besides Mr. Settler, the other
members of the Forum Committee
include Willard G.. Barker, Morris
Plan Bank; James c. Dulin. ir,
American Security & Trust; Ralph
Endicott, Washington Loan & Trust;
Robert H. Lacey. Columbia Ma
tional; T. Hunton Leith. Security
Savings e. Commercial; I. J. Rob-
erts, Riggs National. and Robert G.
Whltton, First National, Alexandria.
d. c. Brokers Off to Europe.
Robert De F. Boomer. general
partner in charge of the foreign de-
partment of Auchincloss, Parker &
Redpath, local members of the New
York Stock Exchange, and R. Gould
Morehead of the same firm sailed
Thursday on the Queen Mary for
business trip to London and AM
SoSA oaiAi iilSlOCIlb W lllC lllleIeSIS Oh
the firm in those financial centers.
Two sales of American Security e.
Trust Co. stock were recorded at 247
on the Washington Stock Exchange
yesterday, unchanged from the last
previous sales. 1t was announced
that the exchange will be closed
Tuesday. when the New York Stock
Exchange closes on account of cleo
ton day.
State and municipal financing for
the month of October aggregated
$130,l96,3 1893, as compared with $37.-
406.392 in october, 1887, according
to the Daily Bond Buyer. The to-
tai for the first nine months of 1898
is $1,000. 1874 232, as compared with
1888, 494 500 for the same period last
year.