Evening star., 1940-08-10
Department Store
Sales Increase
In Washington
Business Advances 8.24
Beyond Previous
Seven-Doy Period
By HAROLD ROGERS.

department. store sales IN wash
tngton showed an increase of 80
per cent in the week ended August
as compared with the week ended
August 5, 1889, according to a report
today by the Federal Reserve Bank
of Richmond.
Sales here also were 1873 per cent
above sales in the preceding week
this year. Cumulative sales in the
four weeks ended August 8, 1910,
averaged 1l.8 per cent above. sales
in the four weeks ended August 5,
1899.
In all respects Washington stood
above the average for the Fifth Fed
eral Reserve District stores Sales
in the fifth district in the week
ended August 3 this year were 8 per
cent more than sales in the week
ended August last year and were
16 per cent above sales in the pre-
ceding week this year. Cumulative
sales in the four weeks ended August
averaged 9 per cent above sales
in the four weeks ended August S,
1899. The averages were based on
reports from Is leading department
stores.
Baltimore Shows Gain.
Baltimore showed a gain of 90
per cent in the week ended August
this year, as compared with a
comparable week last year: 1923
per cent gain over the preceding
week this year and 73 per cent
increase in the four weeks of this
year over the comparable period in
1899.
Plans are being made by the audi
tors section Of the District of Co.
lumbia Bankers Association for a
delegation to attend the 18th annual
convention of the National Asso-
citation of Bank Auditors and Con-
trollers to be held at st. Louis,
Mo, October Is to 10.
Several Prominent Speakers.
Letters have gone out from D. D.
Whitcraft, secretary of the audi
tors section to the 20 local banks
which are members of the associa-
ton, announcing the convention,
and asking for information as to
representatives going from Washing
ton.
The convention will be held in
the Hotel Statler and will be ad-
dressed by group of distinguished
speakers. President of the associa-
ton is J. w. Massie, who is auditor
of the Republic National Bank of
Dallas, Tex.
Mr.. Whitcraft, secretary of the
local auditors section, is assistant
auditor of Riggs National Bank.
Other officers of the auditors section
here are William B. Mehler, jr.,
chairman; Lewis E. Thomas, vice
chairman; James c. Elgin and H.
Norman Glasco.
Sanitary Commission Bonds.
A new Offering of Washington
Suburban Sanitary Commission
water main and sewer construction
serial UU bonds went on the mar
ket today through syndicate
headed by John Nuveen & Co. of
Chicago, including Y. E. Booker g.
Co. of this city, at a price to yield
from 050 up to 200 per cent.
The issue of q. per cent bonds
was awarded to the highest bidding
syndicate yesterday afternoon at
price of 100.781 amounting to S755,-
857.50. The offer was presented to
the syndicate by Y. E. Booker &
Co. There were five bidders of
which the second HIGH was 90 666
presented by a syndicate headed by
r. S. Dickson g. Co., Inc, of New
York.
The Treasury Department has
made an official report of the final
liquidation of the Northest Savings
Bank of this city, which closed up
its accounts with depositors re-
Gently through Receiver Justus S.
Wardell by payment of 1O5.16 per
cent dividends. The total disburse-
ment was Sl,653,527.