Evening star., 1941-03-14
Weeks Sales Off 3 Per Cent.

week SAFES Oll "a NShN'
Department store sales in Wash
ington for the week ended March 8
were off 8 per cent from the cor
responding week ended March 9,
1910. the Federal Reserve Bank Of
Richmond reported today. Sales in
the 5th district were down 5 per
cent, in Baltimore 5 per cent, and
in a group of other cities, Is per
cent compared with the like period
a year ago.
In the week ended March 8, sales
were considerably below the previous
week this year, the report adds.
Sales in Washington stores were
down % per cent, in the 5th district
off IA per cent. in Baltimore 8 per
cent, but in group of other cities
were IA per cent better than in the
previous week.
During the four weeks ending
March 8, department store sales in
the Capital averaged 10 per cent
ahead Aof the corresponding four
weeks a year ago, gained per cent
in the 5th district, per cent in
Baltimore, but were 2 per cent be-
hind the 1910 period in group of
other cities, the survey stated.
Realty Bonds Up Slightly.
In reporting a gain so far this
year of 81 per cent in the average
price of 200 issues in Eastern cities,
Amott- Baker include four important
Washington bonds
National Press Building Adj, Inc,
4l2s, 1850, gained two points in the
two months, ending February with a
bid Of 27, which has since been ad-
vanced to 29. National Press Build
ing first 3-5s ended February with
a bid of 1872, practically unchanged
Washington Properties 7 per cent
bonds moved up half point, and at
the end of February carried a bid of
6015 The latest quotation on these
bonds is 59& bid and 64s4 asked
Mayfower Hotel first IS lost 2
points in the period under review,
the bid at the end of February
standing at 93 The bid is now
higher, 9324, with 9824 asked.
Ludwig Baumann WarehouSing IS,
Long Island, made the best showing
with an 8-point gain, while Boston
Postal Service Station 512s dropped
- points.
Riggs EmpIoye Wins Contest.
William r. Smith, Riggs National,
won the public-speaking contest
conducted by Washington chapter
American Institute of Banking,
Wednesday evening. Jackson P.
Ravenscroft, Hamilton National, was
second and E Wallace Schreiner,
First National, Alexandria, third.
Mr. Smith will represent Washing
ton Chapter in district contest with
five neighboring States in Philadel-
phia late in April. The winner of
this contest will take part in the
national finals in San Francisco in
June. The preliminary contest
aroused great enthusiasm among the
institute members.
Dividends to Be Paid Soon.
Dividends already declared are
to be paid shortly on Woodward &
Lothrop preferred and common
stocks, Garf1nckel preferred and
common and Peoples Drug Stores
common. These securities are now
being quoted ex dividend on the
Washington Stock Exchange.
Copies of the annual report of
the Home Life Insurance Co. of
New York have just arrived in
Washington, taking the form of an
eight-page newspaper. The report
presents all the financial facts of
a successful year, includes the pic
lures of the 81 directors, many other
pictures and several charts. 1t is
q new idea for such reports.
F. Hobert Haviland, vice president
of the Connecticut General Life In
surance Co., was the guest speaker
at the monthly luncheon of the Dis
trict of Columbia Life Underwriters
Association, at the Lee Sheraton
Hotel, this noon, Completing the
Selling Job" being his subject. Presi-
dent John D. Marsh was in the chair
and more than 100 underwriters were
present.
Heard in Financial District.
Floyd E. Davis, president of the
Lincoln National Bank, is spending
two or three weeks in Florida. He
is now at Miami.
Capital Traction IS figured in
$1,000 transfer on the Washington
Stock Exchange today, up a.
American Telephone was quoted
eX-dividend on the Washington Ex-
change today. The session closed
with 16 bid for Capital Transit stock
and 16A asked. No sales.
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