Evening star., 1939-04-05


as follows with the like periods last
year:
1889 1888.
January --- $652, ,189 $582 1863
FEBRUARY 577,664 547,277
March ------- ooU,39l % 1870
Total ----- s1,910,254 s1,767 ,39l
Todays report indicates business
conditions in the Capital are I'M
proving steadily and is in line with
the March report on bank clearings
which disclosed gain of more than
s8,0OO,OOO over March, 1898.
200 Trade Leaders to Meet.
About 200 trade association execu-
tives are expected to attend the
spring meeting of the American
Trade Association Executives. slated
for the Mayflower Hotel here on May
/ and 2, it was announced today.
Industrys part in preparedness Tor
war will be featured on the program,
Col. H. < Rutherford, director OF
the planning branch of the Army
and Navy Munitions Board, being
one of the leading speakers.
Antitrust statutes as applied to
trade association activities will be
discussed by Thurman w. Arnold,
Assistant Attorney General uocharge
of this branch of the Department
of Justice. Contractual relations be-
tween business and Government will
be handled by Metcalfe Walling, ad-
ministrator, division of public con-
tracts, Department of Labor The
Relation of Government and Private
Statistics" will be the subject OF DR..
Stuart A. Rice. chairman OF the Cen
trail Statistics Board.
Other program subjects include
luncheon talk by Ray Tucker,
washington columnist for the NC
Clure Newspaper Syndicate, and
brief reports by Herman Fakler OF
Washington, vice president OF the
Millers' National Federation and
president of the American Trade
Association Executives, and Roscoe
C. Edlund of New York.
Sharing interest with these pro-
gram topics will be the presence
of Secretary of Commerce Harry l..
Hopkins, who as chairman OF the
associations Committee of Award
will present to the winning trade
association the bronze medallion be-
slowed each year in recognition OF
meritorious services.
A. M. Ferry, secretary, Wire Cloth
Manufacturers Association: Bond
Geddes, vice president. Radio Man
ufacturers' Association, and John
B. Gordon, secretary, Bureau OF
Raw Materials for American Vege-
table Oils and Fats Industries, COM
pose the committee in charge. En-
met Dougherty is information chair
man.
Convention Invitations Out.
John A. Reilly, general chairman
of the 21st annual convention of
the District Bankers Association,
has sent out invitations to the meet
ing to be held at Hot Springs, Va,
June 8-11. The invitations urge as
many as possible to reply at this
time regarding their plans for at
tending. The committee is anxious
to get a good sized list started at this
time, with view to exceeding for
mer attendance records.
The National Savings d Trust
Co.'S Personnel Club is continuing
its outstanding service in welfare
work. Under the direction of the
welfare chairman, Virginia Shlnn,
arrangements have been completed
for the presentation of so Easter
baskets to the children at the Glenn
Dale Sanitarium,
State and municipal financing for
March aggregated s46,957,948, as
compared with S172, 1854 1899 in March.
1898, according to the Daily Bond
Buyer. The total for the first quar-
ter of the year was $211993 1865, as
compared with S284,812,66l for the
same period in 1888.
Washington sent very large dele
cation of investment bankers to
Baltimore today for discussion of the
proposed Maloney Act organization,
which relates to self-regulation
among securities dealers. Delegates
at today's session were from Mary
land. Virginia. West Virginia and
North Carolina. as we'll as Wash
ington. The meeting was considered
of very great importance to invest
ment dealers.
Business Volume Increase.
The Lincoln Service Corp, indus
trial bankers, Washington. an
nounces that the corporation,
through its IL subsidiaries, located
In Maryland. Pennsylvania, Virginia
and West Virginia. Increased its
volume of business 15.9 per cent for
the quarter ended March 81, over the
like period of 1888.
Capital Transit stock was strong
on the Washington Exchange again
today, 10 shares selling at 95s. The
final bid was with 97s asked.
The Washington Stock Exchange
uill be closed on Friday, it was an
nounced today. The Washington
Offices of New York Stock Exchange
firms will also be closed.
Security Storage has been added
to the list of stocks now being quoted
ex-dividend. The regular dividend
will be distributed shortly.
The Chesapeake &, Potomac Tele-
phone Co. of Baltimore reported a
gain of 2,219 stations during March
and 1919 in the first quarter.
Average daily sales Of chain drug
stores in February, 1889, increased
3 per cent from February. 1888. ac-
cording to preliminary estimates OF
the Bureau of Foreign and Domes-