Evening star., 1939-11-04


period year A. G. Gilman.
ago, the report added This was
fairly close to the record for the
fifth district in which the volume of
retail trade was up 8 per cent.
Trade in the Capital for the week
ending October % was 16 per cent
lower than the previous week, this
drop presumably being due to rainy
weather which seriously slowed up
retail sales.
Baltimore was ahead of WASH
1ngton in PERCENTAGE gains, COM
pared with the previous week and
the corresponding week a year ago.
A group of other cities, however,
showed drop of 56 per cent from
the like week last year and IS per
cent from the previous week this
year. Sales in the whole district
for the week ended October % and
the previous week were practically
the same in dollar volume, the
Richmond report stated.
The announcement that WASH
ington stores scored a gain of 81
per cent in the four weeks ending
on october %, as compared with
the same four weeks a year ago,
indicates that the complete report
for October will show another good
monthly increase over the COM
parable 1888 month, this report be-
ing due in a few days.
Gilman Heads Savings Group.
Washington bankers are interest
ed in the recent election of A.
George Gilman as president of the
savings division of the American
Bankers Association. He was vice
president during the past year. He
is president of the Maiden Savings
Bank.
Mr.. Gilman was born at Marsh
field. VT, in 1891. He attended God
dard College and then made his
home at Hudson, Mass. where he
was employed as clerk in a drug
store. Entering the Hudson Savings
Bank in 1918. subsequent promo
lions brought him to the position
OF treasurer. In 1888 he left this
institution to become president of
the Maiden Savings Bank.
He is member of the I. o. o. F..
Elks, Masons, American Legion and
Rotary Club and a trustee and di-
rector of several educational insti-
tutions. He Is active in civic affairs
in his own community.
Mr.. Gilman has served as a men,
ber OF numerous committees of the
Savings Banks Association of Massa-
chusetts and is now president OF
the association
Credit Authority to Speak.
L. S. Crowder. general manager
treasurer of the National Retail
Credit Association, a national or
ganization with headquarters in St.
Louis, will address the Associated
Retail Credit Men of Washington at
woodward & Lothrop's tearoom
Wednesday at 1890. His subject
will be Making Credit Profitable. I"
A nationally known figure in re-
tail circles, Mr.. Crowder has a prac-
tical background of more than Is
years in executive positions in some
of the largest retail establishments
In the United States.
The trail blazer" in the develop
ment of retail credit, the National
Retail Credit Association member
ship has grown until it now num-
bers upward of $4,000, with members
IN all parts of the world. Credit,
during the past quarter century, has
grown to the greatest proportions
the world has ever known.
An open forum for the discus
sion of current credit problems will
follow the address. to which all re-
tailers have been invited.
Accounts Reveal Increase.
Private investments in insured
savings, building and loan associa-
tions increased II per cent during
the fiscal year ending last June 80
q new record for financial institu-
tions, Nugent Fallon, general man.
ager of the Federal Savings and
Loan Insurance Corp, reported to-
day. The accounts of investors in
nearly 1900 such institutions are
insured up to 5000 each by the
corporation.
Other favorable factors in Mr.
Fallon's report we're a Is per cent
gain In the total number of patrons
IN these associations, an II per cent
increase in assets, IA per cent rise
in the home mortgages held and q
IL per cent decline in their real
estate holdings.
Altogether s2,79O, 1868 900 worth o1
non-farm mortgages valued at S20,.
900 and under were recorded during
the first nine months of this year
officials of the Federal Home Loar
Bank Board announced today.
OF the total recordings, savings
building and loan associations &C.
counted for 81 per cent, Commercial
banks and trust companies "a pei
cent, individuals 18 per cent, in.
surance companies, 8; mutual say.
1ngs banks, 4, and miscellaneou
lenders, IA.
Mortgages recorded in Septembel
amounted to $317, ,156,O00. a decreas,
of 80 per cent from the Angus
figure.