Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-04


July ------ $4,000 SIS ,905
August ---- 6l0,829 595,380
Total -----S5 ,253,716 S4,987, 125
Today's report closely follows the
August statement on Washington
bank clearings, which totaled $109,-
602, 1852, highest August mark in
II years, and more than Sl5,000,000
better than last year. Both postal
and bank reports indicate unusually
lively August business in the Capital.
Stonier Institute Speaker.
DR.. Harold Stonier, executive
manager of the American Bankers
Association, will be the principal
speaker at the fall educational
dinner of Washington Chapter,
American Institute Of Banking
which will be held at the Columbia
Country Club on Thursday, Sep
TENDER IL. The date of the annual
dinner has just been announced by
Robert c. Christie, chairman of the
Institutes Publicity Committee,
The junior bankers are delighted
that the A. B. A. official agreed to
speak. He is former national di-
rector of the institute and bril-
liant speaker The dinner will be
attended by members of the faculty,
officers, committee chairman and
writ financial
writer's as guests. 1t will be the
first appearance of Eliot H Thorn
son, Washington Loan & Trust Co.,
as dean of the faculty, an honor
bestowed on him since the death
of Raymond B. Dickey.
Garfinckel Common Appears.
The Washington Stock Exchange
today caught the after-Labor Day
spirit, and the volume of business
showed improvement
Julius Garfinckel common stock
appeared on the board for the first
time this year, Is shares changing
hands at ga eX-dividend. The stock
closed with ga bid and 1015 asked.
The last sale in Garfinckel pre-
ferred stock was registered at 26.
Washington Gas Light preferred
was strong today, II shares NOV
ing at los, unchanged. The rest
of the trading was in bonds Wash
ington Railway As coming out at
108 on a 81 900 transfer, unchanged.
Capital Traction IS sold at 103, up
half point.
Morris Plan Chairman Named.
Appointment of. Fred A. Goldman
as general chairman for the 2lst
annual convention of the Morris
Plan Bankers Association, which
will be held September 80, october
! and 2, at Del Monte, Calf, has
been announced by Harry E. Small
of Cleveland president of the as
ISOLATION. Mr.. Goldman is president
of the Morris Plan Co. of San Fran
cisco. Announcement has also been
made of the appointment of the
various convention committee chair
men, including Robert o. Bonnell
of Baltimore, as head of the Nomi
mating Committee.
Wholesalers Sales Climb.
The Census Bureau reports that
wholesalers sales reported by 1888
firms for July were los per cent
greater than in July, 1889. For the
first six months of 1910 sales were
TT per cent better than last year
which means that the July gain was
far ahead of the six months average
upturn.
Retail sales of independent stores
In July were 88 per cent ahead Of
last year and 81 per cent ahead in
the half-year period over 1889.
Heard in Financial District.
Donald w. Larson, secretary OF
the District Bankers Association.
is back at headquarters after a two
weeks vacation which included a
motor trip to his old home in Min
nesota
H. w. Ireland, assistant treasurer
of the American Security & Trust
Co., is a returning vacationist as
is Earl D. Jonscher, an assistant
trust officer, back from wildwood
Crest, in New Jersey. William E..
Schooley, assistant treasurer, IS
home from Atlantic City and New
York; E. E. Swan, assistant treas
urer connected with the central
branch, has returned from Florida,
while Auditor James D. Barrett has
returned from a vacation on the
Eastern Shore of Maryland.
Kenneth Brooks, Riggs National
Bank trust department, has returned
from motor trip to New England;
Henry K. Dierkoph, an assistant
trust officer has completed his vaca-
ton passed in this vicinity, and
D. J. Callahan, jr., an assistant vice
president, has returned from an out
ing at Virginia Beach.
1t is reported from Virginia Beach
that the storm which threatened the
coast on Sunday kept 10000 visitors
away from the resort on the Labor
Day week end.
July sales of chain drug stores
the Commerce Department esti-
mates, were about per cent less
than in June but about per cent
larger than in July, 1899. Inven-
tories of the stores were virtually
unchanged during July and were
about per cent larger than a year
ago.