Evening star., 1938-02-06

xeauS OF America = =$
and the National .,- -,
Consumer Credit ''~"'
Reporting Corp. Several national ofii-
GERS will be present
The Columbia Conference officers
are c. Guy Ferguson, Pittsburgh,
president; George R. Parsons, Fair
month, w. Va. vice president, and N
D. Bartle. Syracuse. N. Y. secretary
and treasurer. Problems uppermost in
the minds of credit bureau managers
will feature the program, activity in
connection with the shortening of
credit terms being one of the leading
topics, and the speaker Dr. Nathaniel
Engle, assistant director. Bureau of
Foreign and Domestic Commerce.
At the annual banquet on Tuesday
night, which will be in charge of the
Associated Retail Credit Men of WASH
ington, Constantine Brown. we'll
known foreign news commentator. of
The Evening Star. will be the guest
speaker, his subject, The 1nterna-
tional Situation"
Directors of the conference include
John K. Althaus. Washington, who is
also chairman of the Program Com
mittee. Benjamin Stein of Grosners
Is chairman of the Entertainment
Committee and Miss Wilhelmina
Guide of the committee entertaining
visiting women.
Retail Trade Holds Steady.
All reporting retail stores in Wash
angton registered gains during the last
week over the previous week, the Com
merce Department reported yesterday
in the usual national survey. Reports
ranging from an increase of 11.46 per
cent to decrease of 1l.S3 per cent
compared with the corresponding week
year ago, making an average gain
OF 0.28 per cent.
Bank clearings for the week to-
tailed s2l,126.999. against S23,90a,77
Q year ago. Building permits took a
sharp tumble from S976,9OO a year
ago to only $4,000 for the period
under review. while building permits
for January totaled $l,1l9,560, against
$2,460,615 in January, 1887.
The Commerce report showed that
trade in the rest Of the fifth district
was slightly better than a year ago
except in Baltimore where bad wealth.
er tended to retard retail sales. Rich
mond, Norfolk and Charleston, S. c.,
were among the cities reporting i'm
provement. Charleston said that in
Sf q 11peAn eo1oc hA kne et
for the week. Announcement of a
100000 housing project in Balti-
more improved prospects for en-
ployment.
In general. business reports over the
NTH district were better than from the
other eleven reserve areas, although
Atlanta and other points South en-
toyed good week, the review stated.
Quotation Agreement Reached
It was reported here yesterday that
the Investment Bankers Conference,
with headquarters in Washington, has
arranged with the New York Security
Dealers Association to disseminate
quotations on over-the counter secur-
lties.
Effective February 8, the New York
District Committee of the conference
Will take over the quotation depart
ment Of the Security Dealers Associa-
ton, which supplies quotations to
newspapers and news services.
The work of the Uniform Practice
Committee of the Dealers Association
will also be taken over by the con-
ference. It has to do with delivery
dates, contract settlements and other
technical matters.
The Investment Bankers Confer
ence. q national association with re-
gional committees, is an outgrowth
Of the Investment Bankers Code
Committee under N. r. A., and now
functions chiefly as q liaison with the
3. E. G. on technical problems.
Entrance into the quotation field for
securities not traded on organized ex-
changes was seen here as an impor-
tant expansion Of the conferences
activities.
Bond Club Speaker Announced.
Strickland Gillian, widely known
after-dinner humorist, will be the
guest speaker at the annual banquet
Of the Bond Club Of Washington, at
the Mayhower Hotel, next Thursday
evening, President L. Clark Brown of
Brown, Goodwin &, Co., announced
yesterday. An unusually interesting
midwinter entertainment has been
planned and record turnout of men,
bers and guests is anticipated. Robert
Norman of Alexander Brown & Co.
is In charge of the tickets.
Trading on the Washington Stock
Exchange yesterday was painfully
quiet. The days only sale was in
Capital Transit stock which changed
hands at 8, closing the week with 9
bid and 10 asked.
Over-the-counter quotations show
that National Press Building first IS
scored . gain Of points during Jan
uary. Mayhower Hotel first IS ad.
vanced half 4 point during the same
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