Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-07
1876 Wholesale Firms
In Fifth District
Report Gains
Sales Up 6 Per Cent
Over August, 1889,
Bank Reveals
By EDWARD c. STONE.

Net sales of 1856 wholesale firms in |
the Fifth Federal Reserve District, |
including Washington. in August |
climbed per cent above August, |
1899, and were - per cent ahead of /
the previous month this year. &C
cording to the latest report from !
the Richmond Reserve Bank.
Industrial supplies made the best /
gain running IS per cent better |
than last year. Plumbing and heat /
ing scored % per cent gain. au- /
tomobile supplies Is per cent ad
vance and electrical goods a II |
per cent rise.
Wholesale shoe sales were per .
cent under last year but made a
sensational advance of 112 per cent !
over July this year. Dry goods sales /
also made ar odd record. running /
the same as a year ago in August |
but jumping so per cent above July. |
1910 demand.
Groceries were in better demand !
than in July, but sales showed no
difference from last year in August. |
Hardware sales were unable to eX- |
coed August 1899. but were 10 |
per cent better than in July, 1910 |
Tobacco and tobacco products were
off ID per cent. but 40 miscellaneous |
firms registered per cent more |
sales than year ago. the Rich |
mond review says.
Turrlng to retail sales, the re-
view states that furniture sales in |.
Noc hi ctr
per cent above last years record |
and in the first eight months of |
this year were 10 per cent better |
than in 1899.
Schmidt Joins Laidlaw Staff.
August H. Schmidt who has been !
active in the financial district for
the past 10 years, has Joined the !
staff of Laidlaw & Co. it was an
nounced today For the past nine /
years Mr.. Schmidt has been asso-
Ciated with the Washington Office of |
Hempbill, Moves & Co. where he |
has been co-manager. Prior to hold |
ing this position, he was with the .
brokerage firm of John L. Edwards /
{; Co. and later with G NJ P. Muir
ply & Co. when this concern MAIN !
tanned a Washington office. For
several years Mr.. Schmidt was an
active member of the Bond Club of .
Washington.
The office of LaldlaW &, Co. is ,
under the management of G. Bowie .
Chapman. Carroll Morgan and Rob- /
ert F. Cahill. and is located in the
Bowen Building
Thomson on Virginia Program.
Eliot H. Thomson. publicity man
ager of the Washington Loan &
Trust Co., will address group 3 of
the Virginia Bankers Association
next Saturday at conference at
Front Royal. His subject will be
AN Analysis of Public Relations"
p, w. Anderson, cashier of the
Marshall National Bank & Trust.
Marshall, Va, is program chairman.
Ord Preston, president of the
Union Trust Co., was back at his
desk today after attending the an
nual convention of the American
Bankers Association at Atlantic City
end adding a tWo-Week vacation
with relatives at Langley Field. Va.
Avon M MENUS, vice president
of the Riggs National Bank. who
has been i'll for several weeks, is
recovering steadily and is again
about town greeting friends. He
will take his annual yachting trip
down the coast to Florida shortly
and will resume his work at the
bank soon after his return He has
been connected with Riggs 43 years.
Final Dividend Being Paid.
John F. Moran, receiver of the De-
partmental Bank, today started pay
ment to former depositors of the
seventh and final dividend, amount
ing to ga per cent. This disburse-
ment brings total payments to GA
per cent of the amount held by de-
positorS when the bank closed.
The bank closed on July IA, 1882,
end the total amount of dividends
paid to date, including this latest
distribution, is 100000 The banks
liabilities at the time Of suspension
totaled s957,74495; the dividend at
this time, amounting to approx
mately S50000 being divided among
approximately 1000 depositors.
Payments are being made at Re-
ceiver Moran's Office in the Riggs
National Bank Building, at Four
tenth street and Park road NV.
State Financing Increases.
State and municipal financing |
for September aggregated 500 1913 297
as compared with only $50, 554 ,260 .
for September, 1899, according to
the Daily Bond Buyer The revised
total for August was S7514 ,019 and |
the total for the first nine months |
of the year, S7176937 TOT, as COM
pared with $850,8l4191 for the first /
nine months of 1899.
The September total includes s94,-
900 of R. F. C. financing, as against
$5,460000 for R. F. C. in Septem-
her, 1899. There was no P w. A. |
financing reported last month, but
In September, 1899, it amounted to
s5.185 900
Warner Committee Chairman.
Edward NJ. Blackjack. president
of the Washington chapter. Ameri-
can Institute Of Banking, has an
nounced the appointment of John
s. Warner. Union Trust Co., as
chairman Of the Athletic Committee
of that organization. Mr.. Warner
has been actively associated with
the chapter for several years, and
recently received his standard GER
tiflcate.
The other members of this COM
rittee are Claude Miller, American
Security and Trust Co.; John Cor
man, Riggs National: Earl Bowman,
Suburban National; Fred Loops, |
Bank of Commerce and Savings; |
L. Clifton Zier, National Savings |
and Trust Co., and Gordon Davis,
Union Trust Co.
Montgomery Among Speakers.
Several Washington life under |