Evening star., 1938-01-16
GROOM APPOINTS
COMMITTEE FOR
BANK CONVENTION
Personnel includes Eighteen
Presidents and Other
D. c. Financiers.
STORE SALES ADVANCE
ABOVE YEAR AGO HERE
Show Gain Of 2.20 Per Cent Over
1882 Level, 8.46 Per Cent
Above Week Ago.
BY EDWARDS SToNE.

BY EDWARD C. STONE.
President Thomas j. Groom of the
District Bankers Association yesterday
announced appointment Of the COM
plete General Convention Committee
for the annual conclave at Hot Springs
Va, in June, the highest bank officials
in the city being inclued in the list
In addition to Geyeral Chairman
T. Stanley Holland ,hnd Vice Chair
man M. D. Rosenberg, already an
nounced, the personnel Of the COM
mittee is composed Of the following
18 bank presidents and other finan-
ciers:
Corcoran Thorn, American Security
& Trust Co.; j. Frank Campbell. Ana.
costa Bank; Clarence F.. Burton, City
Bank: Frank J. Stryker, Columbia
National S. Wilson Earnshaw, treas
urer East Washington Savings Bank
E. c. Graham, Hamilton National;
w, w. Spaid, partner w. B. Hibbs &:
Co.; M. F. Calnan, Liberty National;
Floyd E. Davis, Lincoln National;
Lanier P. McLachlen, McLachlen
Banking Corp; Willard G. Barker,
Morris Plan Bank: c. Il, Pope, vice
president Munsey Trust C\; ]. Frank
White, National Bank Of Washington;
H. H. Mckee, National NCapital;
George w. White, National Metropoli-
tan; Robert Y. Fleming, Riggs Ma
tional; John A. Reilly, Second Ma
tional; Francis c. Addison. jr., Sc
curity Savings & Commercial; Ord
Preston. Union Trust Co., and Harry
g. Meem, Washington Loan & Trust
Co.
d. c. Store Sales Advance.
Department store sales in WASH
angton for the week ended January IL
registered an increase Of 8.46 per cent
over the previous five-day week and
disclosed gain Of 220 per cent over
the corresponding week in 1897, the
Commerce Department reported yes
terday in reviewing business in 36 key
cities. It was the first time In several
weeks that gains were announced for
both comparable periods, the state
ment said.
The same situation existed In the
rest Of the nth district, retail trade
running slightly ahead Of the previous
week and last year, business being
stimulated by seasonal sales. Whole
sale trade was confined mainly to
1ill-in orders, the survey disclosed.
Baltimore. Norfolk and Charleston,
s. c., were among the cities reporting
better trade than year ago. WASH
tngton bank clearings were of slightly.
The years building permit values were
reported as $25,436,915 for 1887 and
$27,098,890 for 1896.
Airline Official to Speak.
Airplane accounting will be ex.
planned at the January meeting of
Washington Chapter, National Asso-
citation Of Cost Accountants, to be held
at the Hamilton Hotel next Wednes-
day evening", Walter F. Raymond,
chapter president, announced yester-
day.
The guest speaker will be T. J. Dun
Mon OF Chicago, vice president and
treasurer OF American Airlines, Inc,
and . pioneer in the industry. His
company was the first airline in the
world to carry a million passengers.
In 1887 the company reported ~
per cent increase over 1896, the two
routes out of Washington showing
the largest gain.
The technical meeting at 8 O'clock
will be open to students and other
interested accountants.
Bankers Program Ready.
Harold G. Moulton, head of Brook
ings' Institute, Jackson place, will be
the guest speaker at the midwinter
meeting of the District Bankers Asso-
citation tomorrow night at the Willard
Hotel. His subject will be Banking
Trends" President Thomas ]. Groom
will also call for some important COM
lnittee reports and the new conven-
ton chairman will be introduced. A
record attendance Is assured.
Plans for the second semester OF
Washington Chapter. American Insti-
tute Of Banking, will be aired at the
educational dinner Tuesday, evening
at the Willard, with Paul j. Seltzer,
educational chairman, presiding. There
will be about 100 members and guests
present, william A. Irwin Of the ma
tional organization being the guest
speaker and meeting with the local
group for the first time.
Saturday trading on the Washington
Stock Exchange was slow but busi-
ness in the first half Of January was
satisfactory. There have already been
transactions In more than IA different
issues this year. Capital Traction SIS
have sold up to 6SH, q recent gain
Of more than points. Other issues
have also been displaying more
strength than 1T the end Of 1887.
Heard In Financial District
The Federal Reserve Bank Of Rich
mond has sent out notices Of the re-
cent death Of John Thomas Garrett,
manager Of the banks public rela-
tions department. He died in Rich
mond January Z after long service
with the reserve bank.
The Washington Gas Light Co. has
started another move to take over the
properties Of the gas companies serv-
ing Hyattsville, Md, and Alexandria,
Va. This is . part Of q plan drawn
by the Washington & Suburban Com
panies, the Massachusetts, common
law trust which controls the WASH
1ngton company and owns completely
the two suburban operating COM
panies. The parent company proposes
to divest itself Of control over all
three operating companies.
Checks for the American Telephone
n Telegraph Co.'S quarterly dividend
Of $725 Per share reached this city
yesterday. It has been estimated that