Evening star., 1941-07-15
Capital Store Sales
15Per Cent Above
1910 in June
Six Months Volume
Is 20 Per Cent Ahead
Of Year Ago
By HAROLD B. ROGERS.


cording to the Federal Reserve Bank
of Richmond.
This is a much greater advance
than was achieved by the same
stores with their gain of per cent
from June. 1899, to June, 1910
The increase in sales here was
20 per cent for the first six months
of this year as compared to the
first half of last year, while the
February-Jun period this year
showed a gain of 10 per cent over
last year. The February-June fig
lire was given by the Federal Re-
serve, it was explained, because
many stores start their fiscal year
in February.
The Washington increase in June,
Is per cent, was the same as the
average for the entire fifth Fed
eral Reserve district, but the half
year gain of 20 per cent was ahead
of the 10 per cent gain for the fifth
district.
Baltimore Sales Climb.
Baltimores 10 reporting stores
registered a gain of IA per cent IN
June; 10 per cent for the January
June period.
Charleston. S. C, reported a gain
of 81 per cent in June, and the same
for the six months period. Charles
ton, w. Va, reported 18 per cent
gain in June and p per cent for the
half year. Other increases were:
Huntington, W. Va, IA per cent in
June. II per cent for the half year;
Lvnchburg, Va, 13 per cent in June,
13 per cent half year; Norfolk, Va,
80 per cent in June, As per cent
half year; Richmond, Va, 8 per cent
in June, Is per cent for the half
year; other cities in the area, Is per
cent gain in June, II per cent for
the half year.
The only decrease in June was
registered by Winston-Salem, which
showed a drop OF l per cent for the
month. but a gain OF II per cent
for the half year.
The Maryland stores as a whole
showed a gain OF IA per cent in
June 18 per cent for the six months;
while Virginia reported 16 per cent
gain in June and q per cent for
the six months.
Robert V. Fleming, president of
Riggs National Bank. announced
last night that the board of dl-
rectorS had declared the regular
dividend on the preferred stock Of
the bank payable August to stock
holders of record at the close OF
business July IA
Regular dividends on the COM
mon stock of the bank also were de-
clared payable 81 per share on July
Is to stockholders of record July IA,
and 50 per share on October Is 10
stockholders of record September 80.
Hazen Death Is Shock.
The sudden death today Of Dis
trict Commissioner Melvin c. Hazen
at his Office proved shock in the
financial district, where Mr.. Hazen
was we'll known through his con-
nection with the Columbia Perma-
nent Building Association and the
Lincoln National Bank. His friends
and associates expressed sorrow at
his passing and announced that Of
fetal action will be taken soon by
the boards, of directors of both in
stitdt4ons.S
Mr.. Hazen was the first and only
president of the Columbia Perma-
nent Building Association. which
was organized in 1903 and now has
assets of over s22O0,000. I'VE feel
this is a great loss to U.s." declared
C. Clinton James, counsel and a
director for the building association,
who also is chairman of the Fed
eral Legislative Committee OF the
United States Savings and Loan
League and a past president OF the
District of Columbia Building and
Loan League.
I'VE are grieved at his parting
from us" declared Floyd E. Davis,
president OF the Lincoln National
Bank, who also is treasurer OF the
Columbia Permanent Building AS
sociatlon.
He was in the bank few days
ago and We had lunch together.
Mr.. Hazen had been member OF
the board of directors Of Lincoln
National Bank for about Is years,
and was secretary of the board, at
the time of his death.
A close associate of Mr.. Hazen's,
William P. Richards, former as
SCISSOR of the District of Columbia,
vice president Of the Columbia
Permanent Building Association
died late last month at his home N
Milford, Del. Mr.. Richards was
succeeded as vice president by Fred
A, Smith, secretary of Columbia,
who now is president of the Wash
ington Board of Trade.
Postal Savings Gain.
Postal savings accounts in the
Washington City Post Office mounted
to S9,579,193 on June 80 this year,
as compared with S6587,359 in June,
1910, a gain of S91 1874, it was learned
today.
June deposits also showed gain
over May of this year. when the fig
ure stood al S9,541, 1875.
Army Rail Traffic Rises.
Nearly 100000 members of the
Nations armed forces were trans
ported by railroads in the first six
months of 1941, the military trans
portation section of the Association
of American Railroads announced
TODAY.
This was accomplished it was eX-
planned, without interference with
the regular freight and passenger
service.
Watt Gets Promotion.
Herbert J. Watt, formerly of the
Washington office of the Carnegie
Illinois Steel Corp, has been ap-
pointed manager of sales for the
Western area of the corporation
with headquarters in Chicago, it was
announced today.
Mr.. Watt began his steel industry
experience at the Philadelphia office
of the Carnegie Steel Co. in 1912
In December, 1899, he was made
manager of sales for the central
area, of Carnegie Illinois Steel
Corp, the post he held up to the
present.