Evening star., 1941-07-07
Sales Boom Reported
By 100 Wholesale
Firms in Month
Industrial Supplies
Top May Advances
Over Last Yeur
By EDWARD c. STONE.

firms in this district IN May ran
as high as 55, 66 and even 72 per
cent ahead of the same month last
year, the Federal Reserve Bank
of Richmond announces III the
latest monthly review.
Industrial supplies scored the u
per cent pickup, the demand Tor
shoes revealed the 55 per cent gam
and the call for automobile sup
plies caused the 66 per cent run-up
over May year ago.
Drugs and sundrieS were in eX-
eellent demand recording "A per
cent advance; dry goods sales were
10 per cent better, while electrical
goods disclosed a Al per cent jump.
Hardware was in great demand,
showing a 81 per cent rise.
PAPER and paper products en-
loved a 80 per cent rise; tobacco
and tobacco products moved up "A
per cent. Groceries failed to keep
llp with the other lines, ST whole
sale firms reporting an advance OF
only 10 per cent in sales over May,
1910.
Miscellaneous sales by ST concerns
we're 80 per cent better than year
ago. while the average gain Tor the
100 stores in the whole Fifth Dis
trict was 80 per cent. The sum-
mary, showing so many striking
advances, was one of the best in
Ch
how well the defense effort is
taking hold"
Waller Bank Head % Years.
John R. Waller. president of the
international Bank. Jackson place,
has lust concluded % years as
head of the institution which he
and his brother founded. His
brother. Austin c. Waller, is vice
president. The institution Is an IN
'vestment concern and not a bank
of deposit.
A native of Dubuque. John Waller
attended Iowa State. University OF
Chicago. Michigan and oxford Uni
iversities and took his law degree at
Yale. He settled in Washington IN
1918 and is a member OF the District
pf Columbia Bar. During the World
War he was captain, at one time
being in the Office OF the Judge
advocate General.
Mr., Waller has served on many
rorporation boards Of directors, Is a
member of the Washington Board OF
Trade. belongs to many dubS and
has done lot of writing on finan-
cial subjects. In 1884 he took an
extended tour as special repreSen-
tative of the Federal Housing Ad-
tninistratlon.
Rail Experts to Speak.
Three Washington men will take a
prominent part in the program and
the deliberations of the annual con-
Vention Of the purchases and stores
division of the Association Of Amer
lean Railroads at the Palmer House
In Chicago on Thursday and Friday.
They are Charles H. Buford, vice
president of the operations and
maintenance department of the A.
A. R.; w. J. Farrell, secretary Of the
purchases and stores division, and
G. B. Neubauer, assistant to the vice
president of the Southern Railway
System.
American Life InSuranCe-An IN !
vestment in Freedom" will be the |
theme of the SIND annual conven- !
tion OF the National Association of !
Life Underwriters, to be held in |
Cincinnati on September 1919, |
Theodore M. Richie, past president |
and chairman of the associations /
convention Program Committee, an !
rounCes. Washington members are /
planning to attend the session. |
Bankers OFF on Vacations.
Frederick P. H. Siddons, vice pres !
tdent. American Security & Trust |
Co, has gone to Maine and Canada |,
for a months vacation.
Kenneth Birgfeld. an assistant |
treasurer of the same bank, is TAX
ing his annual vacation in Florida. |
E. E. Swan, assistant vice president, !
is also having vacation.
w. G. Baden, assistant cashier /
end branch manager of the Dupont |.
Circle branch of the Hamilton Ma |
sional Bank, is taking his vacation.
Harry G.. Meem, president of the |
Washington Loan & Trust Co, has !
returned from a short visit to !
White Sulphur Springs, w. Va.
Howard Moran, vice president of |
ihe American Security & Trust Co..
is another Washington banker now
taking vacation.
Bank Stocks Hold Firm.
Bank stocks listed on the Wash |
tngton Exchange made good |
record in the first half year. Lib
erty National recently sold at IT'S. |
Riggs National common closed the |
half year at 275, same as the jan
uary price.
Riggs National preferred sold the
other day at 231l2. which is lower
than at the beginning of the year.
The only sale in National Savings
& Trust Co. stock on the exchange
this year was made at 2O4.
American Security q Trust stock
sold recently at 231l2 after being
higher earlier in the year. The last
sale in Washington Loan e. Trust
Co. stock was recorded at 224 This
stock also moved at a higher figure
earlier in the year.
Bank of Commerce & Savings
stock is now quoted at 800 bid:
Prince Georges Bank & Trust Co.
is quoted at 20 bid and 25 asked,
and Bank of Bethesda is quoted at
80 bid with none offered.
The last bid for National Capital
Bank stock was ITO. Lincoln Ma
tional is quoted at 2l0 with 225
asked Every bank stock in the list
pays dividend.
Today's Trading on Exchange.
Capital Traction SIS figured in a
$500 turnover on the Washington
Stock Exchange today at 103$4, up
a half point from last weeks close.
Woodward e. Lothrop common
was in demand to the extent of so
shares, IS selling at 43l9 and the
remainder at 43.
Capital Transit appeared on the
board. 15fa on a 32-share turnover.