Evening star., 1939-03-05
DC. Store Sales
Score Moderate
Gain in Week
Climb a. Per Cent
Over Week Ago and
3. Is Above 1893
Bv EDWARD c. STONE.

year ago, the Commerce Depart
ment reported yesterday in review
ing business in 36 key cities.
The survey reported trade in
Washington as 3.l6 per cent better
than in the corresponding week last
year and "A per cent above the
previous week this year. One store
scored a gain of more than II per
cent over 1888.
Yesterdays summary was in line
with the Commerce review week
ago when business here was more
than 10 per cent ahead of the pre-
vious year and more than II per
cent above the previous week
Trade in the rest of the fifth dis
trict was mixed during the week just
ended, Norfolk making the best
showing. Baltimore trade turned
upward until it was almost equal to
last year. Substantial increases in
building permits were also an
nounced.
Washington bank clearings were
up for the week, S22 807 ,029 compar-
ing with S22,778,579 a year ago. Feb
ruary building permits were notably
higher, the total of Sl,862315 COM
pairing with ST ,396.435. For the past
week, however, permits amounted to
only S34740O, against $629,50O Cap
ital Transit passenger revenues to-
tailed S209948; year ago, $l98,l6
the review stated.
Banks to Advertise Loans.
~, fn
open cooperative advertising
program through the newspapers to
stimulate the expansion of various
classes of loans among their patrons
and other residents of the Capital
The proposal was adopted at a
special meeting of the District
Bankers Association Friday after
noon following the usual weekly
luncheon at the Willard Hotel, Ord
Preston, first vice president, presid
ing.
The new campaign will begin
around March 13 and end the last
of April. The matter was presented
to the association by the Advertis-
ing Committee, of which Willard G..
Barker. president of the Morris Plan
Bank, is chairman. One of the aims
of the drive will be to impress upon
residents of the community the fact
that the banks have ample funds on
hand for small, as well as large
sound loans.
This will be the first campaign of
the kind since housing repair loans
under Title I, Federal Housing Act,
were so successfully featured in spe-
cial advertisements.
Taliaferro New Chairman.
Sidney F. Taliaferro, vice president
and trust officer of the Riggs Ma
tional Bank, has been appointed
chairman of the Publicity Commit
tee for the 21st convention of the
District Bankers Association to be
held at Hot Springs, Va, June to
II, Hilleary G.. Hoskinson, president
of the association, announced yes
terday Nelson B. ONeal, assistant
vice president of the same institu-
ton has been designated vice chair
man.
The other members of the COM
mittee include Robert L. Flather,
assistant secretary, American Sc
curity & Trust Co.; B. Russell Shaw,
vice president, Morris Plan Bank;
Eliot H. Thomson, publicity man
ager, Washington Loan g. Trust Co.;
Richard Berwick. Times Herald
Thomas M. Cahill, Washington Post;
Edward C. Stone, Washington Star.
John A. Reilly, general chairman
Of the convention, said yesterday
that plans are already well under
way and predicted a new high mark
for attendance.
Linton to Be Guest Speaker.
M. Albert Linton, president of the
Provident Mutual Life Insurance
Co., and one of the best known in
surance men in the country, will be
the guest speaker at the annual ban
quet of District of Columbia Chap
ter Chartered Life Underwriters, at
night. j. Hicks Baldwin, dinner
chairman, announced yesterday.
More than $50 business, civic and
governmental leaders have accepted
invitations to the dinner Another
speaker will be Joseph H. Reese, ma
tional president, Chartered Life Un-
derwriters. Dwight l.. Scott is presi-
dent of the local chapter, the men,
bers of which have taken great
deal of advanced work in life in
surance.
Mr. Linton will speak on Making
Old-Age Security Work" Born in
Germantown. Pa, he was educated
at Moorestown Friends School and
Haverford College and began his in
surance career in 1909. President of
his company since 1881, he is past
president of the Actuarial Society of
America and fellow of the Amer
ican Institute of Actuaries and the
Institute of London; also a former
member of the advisory council of
the Social Security Board. He is
the author of Life Insurance Speaks
for Itself"
Trading on the d. C. Exchange.
American Security g. Trust Co.
stock sold to the extent of 10 shares
on the Washington Stock Exchange
yesterday at 257. This was around
recent levels. A small lot of Po-
tomac Electric Power 51a per cent
preferred appeared on the board at
lis. Capital Traction bonds sold
in $500 transaction at 84A, the
market closing with 83 bid and sc
asked. The move for Capital Tran
sit stock moved up to 7A with 6
asked.
The Federal Home Loan Bank
Board yesterday announced the ap-
pointment of Horace S. Haworth
of High Point, N. c., as a public
interest director of the Fedora
Home Loan Bank of Winston Salem
until December 81, 1912. Mr.. Ha-
worth has served as city attorney
and as judge of the Municipal Court
at High Point. For many years he
: mas been counsel for savings ano