Evening star., 1941-04-25

pIbSItltIll a II u
secretary, While William f. PoultOn
was advanced from assistant Secre-
tarv to the treaSuryship.
Mr.. KefauVer is president OF
Washington chapter, Society OF
Residential Appraisers, also OF the
District chapter. American Savings
and Loan Institute. and graduate
of Benjamin Franklin University.
He has been with Columbia Federal
73 years. Mr.. Poulton IS Benjamin
Franklin University Graduate, and
has been with the loan association
10 years.
The board elected new director.
George c. Wentzel, vice president
and general manager of the Amerl-
can Realty Co.
Capital Store Sales Climb.
Department store sales in the
Capital in the week ended April l9
we're "a per cent above the record
for the corresponding week a year
ago. the Federal Reserve Bank of
Richmond reported today. As both
weeks were after Easter the COM
parison is more normal than has
been the case for several weeks.
For this period the average gain
in the fifth district over last year
was % per cent, in Baltimore 38
per cent and in a group OF other
cities was off 8 per cent, the report
added.
Sales in Washington were is per
cent below the previous week which
included the final Easter trade rush.
Trade in the fifth district was down
is per cent. in Baltimore II per
cent and in other cities 27 per cent.
In the four weeks ended April 10
total sales in Washington depart
Iment stores were As per cent better
sthan in the like period year ago,
qthe same gain being reported in
the fifth district and in Baltimore.
swhile the group Of other cities saw
san advance of IS per cent, the
q, review said.
Bulletin on Bonds Issued.
All member banks of the Ameri-
can Bankers Association will re-
ceive from the association this
week a special bulletin on Defense
a Savings Bonds and Stamps" con-
tanning detailed information on the
Governments program to sell saw
Tings stamps and small-denOmina-
stion savings bonds to the public.
= The savings stamps and savings
bonds are described in complete
:, detail The bulletin contains, in
eaddition to the prose description
and details. a useful outline table of
essential facts about them, redemp-
& ton tables and four pages Of queS-
/. tions and answers.
~ The bulletin states that While eX-
ecutors. administrators. trustees and
corporate fiduciaries may not pur-
chase Series f bonds they may pur-
chase F and G bonds. The process
? of redemption of the bonds by ad-
= ministratOrS. executors trustees
and f1duciaries is outlined in the
bulletin.
The bulletin was prepared by a
committee consisting of Nelson B.
ONeu. vice president of the Riggs
National Bank, Washington, and
James RoWley of the bond depart
ment of the Bankers Trust Co. of
New York, working with the chair
man Of the A. B. A Bank Manage
ment Commission and representa-
tives of the Treasury Department.
COnneIy Visits Capital.
Emmett F. COnnely. president Of
the Investment Bankers AsSocla-
ton of America, was in the city
today. delivering an address at
Catholic University this noon. Mr..
Connely is from Detroit and at
present is devoting all his time to
the interests of the association and
the Investment dealers connected
with it. He is making a vigorous
fight for amendments to the Secur-
tiles Act and has held many con-
ferenCeS with S. E. c. leaders.
Today'S Exchange Trading.
Trading on the Washington Stock
Exchange today was confined to
GarfinCkel common stock, 100 shares
selling at 10I2. unchanged. The
STOCK mas TeCenIlN Deen more aCliVe
than for some time. The market
closed with 1923 bid for the stock
and ia asked
The Washington Loan & Trust
Co. Personnel Club met at the West
End Branch last night, heard a talk
on the new Defense Savings Bonds
by Ralph Endicott and enjoyed some
fine pictures of National Parks,
rorecortoJ nv, E7roroL- Tt HOo6lev of