Evening star., 1938-06-19
RETAIL ACTIVITY
. IN CAPITAL RISES
ABOVE 1937LEvEL
City Is One of Five in U. S.
With Gains Averaging
8 Per Cent.
MOST VOLUMES DOWN
FROM PREVIOUS WEEK
One Store Reports 25.2 Per Cent
Climb, but Others Average
5.04 Per Cent Lower.
BY EDWARD C. STONE.

' BY EDWARD C. STONE.
Washington was one of five iarg
cities in the whole United States whicl
reported increases in retail trade aver
aging around 8 per cent during tn
past week over the corresponding weeI
q year ago. the Department of Com
merce stated yesterday in surve,
OF business conditions in SO key cities
The department store gain here aver
aged 7.03 per cent.
One retail store reported a gain O
25.2 per cent over the preceding week
all other reporting stores registering
decreases averaging 5.O4 per cent TO
the same period. Trade in the res
OF the fifth district was spotty,. tn,
review said. In Baltimore trade wa.
better than in the preceding week
but not up to last year.
Bank clearings in Washington to.
tailed $25,029,67 for the week, com
pared with $27,786.541 in the cor.
responding week in 1897. Buildin,
permits in the Capital amounted t.
$239.800, against 1894 300 in the com,
parable week last year. There was Z
decrease from the previous week ant
the like period last year in the number
OF visitors at the Smithsonian In.
stitution.
Wholesale trade in the fifth dis.
trict remained practically unchanged
during the week. So did prices
Hand-to-mouth buying still prevailed
the Commerce survey said
Brady Heads Bank Section.
p. c, Brady, assistant treasurer o.
the American Security g. Trust Co.
was elected chairman of the SAT,
deposit section of the District Bank.
ers' Association at the annual meet.
Ing held in the board room of the
American Security g. Trust Co. Fri.
day night. He succeeds Mrs. Heller
r. Sharpe, Bank of Commerce 4
Savings.
T. Eugene Elgin, assistant cashie,
OF the City Bank, was named vice
chairman, and Miss Eva Z. Kicker
who is with the Farmers and Me.
cnanlcs Branch of the Riggs Nationa
Bank, was elected secretary.
The Executive Council this veal
will consist of the above officers ant
TWO other bankers, Charles K. West
manager OF the K Street Branch o
the Security Savings & Commercial
Bank. and Charles w. Haas of tn,
Union Trust Co.
Among members of the Washing.
ton Chapter, National Association o,
Cost Accountants, who will attend
the Nineteenth International Cos,
/. Conference in Chicago this week are
William H. Churchill, controller OF
Peoples Drug Stores. Inc; P. Frederick
Dryer. chief accountant of the Wash.
1ngton Laundry and George d. Lane
OF the Felt & Tarrant Manufacturing
Co.
Walter Raymond of Griffith-Con.
sumers Co., president of the loca
group, says that control of industria
costs will be the theme of this years
convention, adding that no subject /.
yof more concern to industrial &C.
countants in this period of stiff price
competition than control and reduc.
tion Of the costs Of producing and dis
tributing goods.
The Chicago sessions will open
Tuesday morning at the Palmer House
With A. 7. Brown, executive vice presi-
dent Of the Caterpillar Tractor Co.
and Warren Sapp, general manage,
OF Armour q Co., as opening speakers
Dean j. High Jackson of Stanford
University and William E. Perry, con-
.troller OF Scranton Lace Co., will speak
at Tuesday afternoons session.
Other speakers include M. M. Cart.
nell Of McKinsey, Wellington g. Co.;
w. c. Skuce, supervisor Of inventors
control, General Electric Co.; L. v
Bedell, executive assistant, Interna.
tional Business Machines Corp; E. ]
Hanley, secretary, Allegheny Stee
Co.; A. E. Sawyer of the Dennison
Manufacturing Co. and H. L. Wylie
assistant to vice president and secre-
tary, Pure Oil Co.
Insurance Officers Elected.
Stockholders Of the American Fire
Insurance Co. of the District of Co.
lumbia held their annual meeting dur.
- ing the week and reelected the fol.
lowing officers for the coming year
Charles Schafer, president; F.. A
Blundon, vice president; George M
Emmerich, secretary; M. F. Bergmann
assistant secretary, and Carl j. Berg.
mann. treasurer The officers re.
q ported a satisfactory year.
Martin A. Cook, secretary of the
Enterprise Building Association, will
enter his 25th year of continuous
service with the association tomor-
row. F entered the employ of the
company on June 20, 1914, when
assets were 100000. Resources now
exceed $1,600,000. Mr.. Cook is a grad
uate OF Georgetown University Law
School and q member of the District
Of Columbia bar.
Griswold to Be Installed.
Richard w. Griswold, newly elected
president Of the District Life Under.
4 writers Association, will be indicted
into ONCE. Tuesday evening at thu
Willard Hotel. He succeeds Paul H
Primm.
The association officers plan for 4
big meeting, wives and many friend.
having been invited. according tc
James c. De Force, bulletin chairman
A buffet supper will be served.
The program includes two speakers
Kenneth Mathis. advertising manager
Of the Acacia Life Insurance Co., and
"A Harold J. Cummings. vice president
Minnesota Mutual Life, being the
drawing cards.
Selection of the nominee for presi-
dent of the Mortgage Bankers Asso.
ciation will be made at a meeting OF
the Board of Governors in Chicago
this week, President A. D. Fraser
Cleveland. announced yesterday. Elec.
ton u IN October.