Evening star., 1939-06-10
S. Stores Report
10 Per Cent Gain
For May Sales
Fifth Reserve District
Has Better Average
Thon Rest of Nation

While department store sales for
the Nation decreased in Nav as
compared with April, according to
the report of the Board of Govern
ors of the Federal Reserve System.
IS stores in the q reporting cities
Of the local fifth Federal Reserve
district showed gain of Is per
cent over May last year.
The figures also Indicated that
this fifth district. with Headquarters
at Richmond, registered a gain of
3 per cent for the first five months
Of this year, as compared with the
similar period last year.
The local district was ahead of
the Nation as whole. which regis
tered gain of 13 per cent for Nav.
over May last year, and 3 per cent
gain for the first five months.
Seasonal Trade Declines.
Department store sales decreased
In May, compared with April for
the country. as the boards season.
ally adjusted index declined to IS
compared with 8s in April.
Total sales in May for the country.
which were l3 per cent larger than
In May. 1888, were believed to re-
fleet in part the fact that there
was one more business day this wear
than last.
Delegates to two financial con-
ventions who have been out of town
during the visit of King George and
Queen Elizabeth will return to the
Capital over the week end
From Hot Springs, Va. will come
members of the District Bankers
Association. who have spent several
days in annual convention, hearing
a long list of distinguished speakers
and completing the business of their
annual gathering.
Reports of the activities of the
District Bankers Association which
have appeared daily in the news COL
umns Of The Star. from Edward c.
Stone, financial editor of The Star.
who has been at Hot Springs, will
be continued on the financial pages
of The Star beginning tomorrow
Mr.. Stone will return with the dele
cation.
Institute Delegates Returning.
At Grand Rapids, Mich, the
American Institute of Banking last
night closed up its annual con-
vention with farewell ball Dele
gates from Washington are expected
to return to Washington over the
week end.
Io1a Do
Carr of Riggs National Bank. who
took second place in the national
public speaking contest of the A. I.
B. Mr. Carr won the District of
Columbia public speaking contest
of the A. l. B.. in which several
States and the National Capital
were entered, and in the finals. at
the convention, he took second place
among selected group of fnalists
Among others at the A. l. B. con-
vention were Francis E Robey of
the Bank of Commerce and Savings.
who is the new president of the
District Chapter, A. l. B.: I. J. Rob-
erts. Riggs National Bank; Walton
Sanderson, Hamilton National Bank.
Kenneth Birgfeld of American Sc
curity & Trust Co.: George M.
RowZee of Lincoln National Bank:
j, Earle McGeary of w. B. Hibbs
& Co.. Neal Wells of National Saw
ings and Trust Co.; Elmer Flather.
Union Trust Co.
Mr.. Roberts delivered an address
to the convention on public rela-
tons. Prominent in convention
affairs from the District of Colum-
bta was Edward M Blaiklock of the
Washington Loan & Trust Co. who
was national chairman of the A. l.
B. Publicity Committee.
John D. Marsh. general agent for
the District of Columbia for Lincoln
National Life Insurance Co., an
nounced today the appointment of
Bernard c. Hayberry AS District
agent In charge of Army and Navy
business In this territory Mr. May
berry is graduate of the Uni
versity of Illinois and of George
Washington University Law School.
He is a member of the bar in Illi-
nols and also in Washington. D. c.
He is member of the Life Under
writer's Association, the Insurance
Club Of Washington. the Washington
Board Of Trade and the American