Evening star., 1943-04-16
Easter Trade Gives
Capital Store Sales
Sharp Weekly Lift
Bank Report Reveals
Jump Of q Per Cent
Over 1912 Period
BY EDWARD c. STONE.

BY EDWARD c. STONE.
Department store sales in Wash
ington for the week ended last Sat-
urday. April 10, registered a sharp
gain of % per cent over the corre-
spending week year ago and were
per cent ahead of the previous
week this year, the Federal Re-
serve Bank of Richmond reported
today.
The sharp gain is due in meas
TIRE to the fact pre- Easter trade is
included in the l943 week while
year ago Easter had just passed.
Trade in the fifth district last week
was 36 per cent ahead of last year,
was up 50 per cent in Baltimore
ard At per cent in group of other
cities.
Retail sales in the fifth district
we're 5 per cent better than in the
previous week this year. Baltimore
also reported 5 per cent gain.
while the other cities noted per
cent pickup.
Cumulative sales in Washington
In the four weeks ended last Sat-
urdav were per cent below the like
period yea" ago, due mainly to
the late Easter this year. The fifth
district registered per cent gain;
Baltimore. per cent, and the other
cities, 9 per cent, the survey showed.
Installment Accounts Drop.
1nStallment accounts receivable at
household appliance stores declined
In February at somewhat more
rapid rate than in recent months
and by the end of the month we're
81 per cent below the corresponding
date of last year. the Federal Re-
serve Board announced today.
The February collection ratio on
installment accounts at furniture
and household appliance stores re-
manned at the January levels of II
and Is, respectively.
At iewelry stores, collections dur
ing February were % per cent of
installment accounts outstanding at
the beginning of the month.
Prudential IA Years Old.
The Prudential Building Associa-
ton, organized by Luther c. Stew
ard and associates. reached its 14th
anniversary today, the latest
statement showing resources of
S4,239000.
In addition to Mr. Steward as
president. other officers are Curtis
Walker and John B. Colpoys, vice
presidents; E. J. Carlson, secretary
treasurer: C. H Boyse. assistant
secretary ytreasurer, and Harvey L.
Cobb, attorney.
Directors are T. Howard Duckett,
Thomas E. Hampton. Thomas D.
Lewis F. Eliot Middleton William
P. Ames and the officers.
Banks in Largest List
Six Washington banks are in
cluded by Rand McNally among 800
in the United States which have
total resources of more than
s250oo,OoO.
They are American Security &
Trust, Hamilton National. National
Metropolitan, National Savings g.
Trust, Riggs National and Wash
tngton Loan & Trust
IlS llCN diItGlOtA pldCtS tOJdl
resources of all Washington banks
at s657,9ll, 900. Banks all over the
country showed exceptional growth
in 1912
Loans showed a decline. yet there
have been only three times since
December, 1882, when there have
been more loans in the banks Loans
are rot so impressive because of
the huge Increases in deposits.
Reserve City Bankers Meet.
Joshua Evans. ir.. vice president of
the Hamilton National Bank. and
Frederick P H. Siddons, vice presi-
dent and secretary of the American
Security & Trust Co. are attending
the tWo-day session of the Associa-
tion of Reserve City Bankers in New
York.
Robert " Fleming and Wilmer j.
Waller. who attended the ABA Coun-
Gil meeting, remained in New York
for the second conference.
Federal financing was one of the
most important subjects on the pro-
gram, regulation V loans another.
r. E. Anderson. director of finance
of the Maritime Commission. was
among the speakers. About 300
made reservations for the meeting.
1853 Banks in Association.
1t was announced at the ABA
Council meeting that the percentage
of banks holding membership in the
associa ton on March 81 was the
highest in history. 8774 per cent.
On that date there were 14.368
members as compared with l4.313 on
the same date year ago. The Dis
trict of Columbia and seven States
have 100 per cent membership
Bond Sales. S5,253,000, 900.
Secretary Morganthau reports that
In the $4,000 900 00O War bond drive
sales Yesterday totaled S5,253 900 900.
washington financiers today ex-
pressed much satisfaction over the
report that 25 per cent of the Dis
trict quota has already been raised,
but added that there is long way
to go yet
The National AsSociation of Mutual
Savings Banks will meet in New
York May 6 and 7 to consider
further wartime assistance to the
Government and to push plans for
educational efforts to encourage
permanent saving. The Executive
Committee decided it was more i'm
portant to meet in war than in peace
times and voted against canceling