Evening star., 1943-07-09
Insurance Sales Show
33 Per Cent Gain
In Fifth District
By EDWARD c. STONE.


Federal Reserve District in Ma,
topped all other business gains owe
May a year ago, according to tn,
Richmond Banks monthly review
received here today. Sales were 3;
per cent better than last year. De
partment store sales, with a % pc
cent pickup, stood second, Will,
wholesale trade, up "a per cent
stood third in the list.
Electric power. production cam,
next, with per cent advance owe
May, 1912. Bank debts were up
per cent in the District and 3 pei
cent in Washington in May and
per cent in the Capital in the frs
four months of the year. In tht
report of Al member banks, demand
deposits were 33 per cent ahead o
last year and time deposits were II
per cent higher Holdings Of Gov
ernment securities were sharply
higher.
udlly tllAiIHSp WIZ iSN>h -
May. Building contracts awarded
were down 60 per cent, the review
said. Building permits issued were
43 per cent under May, 1912, bu;
were 105 per cent above April. Goa
production was down per cent ano
cotton production per cent.
Manpower Shortage Appears.
First indications of inadequate
manpower for seasonal industries
cropped up in the early part of June
Eastern Shore of Virginia farmers
lacked potato diggers and Baltimore
needed $4,000 volunteers in can.
neries to keep food from spelling,
Employment is still rising ir
Maryland, Virginia. North anc
South Carolina, but in Washington
is probably around its maximum
level, the review said.
Building permits issued in the
District of Columbia in the first five
months of l943 totaled $977 1866
against s1.4S5 $50 year ago The
Fifth District total stood at $l9,-
pUo,O5t, dS dlllot 9oo,ooN,oof'
d. c. Furniture Sales Drop.
There was a sharp drop in com
mercial failures in May, only
against 35 a year ago, for $l5S 00(
VS.. s4S5 900 in May, l942.
The report said retail furniture
sales in the Fifth District were Il
per cent ahead of last year in May
but were down 10 per cent in the
first five months of l943. In Wash
inston sales were off per cent ir
MAY and Is per cent lower in the
five months.
In the wholesale dry goods mar
ket, 244 firms reported a gain of 2s
per cent in May over May last year
Auto supply sales were up 10 pei
cent. drugs IT, groceries IT, paper
products 4, tobacco products %.
Shoe sales were down 2 per cent
hardware Is. electrical goods % ano
sales of "a miscellaneous firms pei
cent, the survey showed.
Burton Taxation Chairman.
C. F. Burton. president of the City
odIlh, has bISli 1ldiiiSd ShAoiAa ~
the District Bankers Association
important Committee on Taxation
A. Scott Offutt, association presl-
dent. announced today The other
members include Nelson B. ONeal
vice chairman. Riggs National;
Francis G. Addison, jr., Security
Savings & Commercial: l.. P. Nc
Lachlen. McLachlen Bank; George
A. Didden. jr.. National Capital;
Fred Mckee, Security Savings &
Commercial. M D. Rosenberg, Bank
of Commerce & Savings; T. Howard
Duckett, Prince Georges Bank &
Trust. and Joshua Evans. Jr., Ham,
ilton National
A. M. McLachlen, vice president
and treasurer of the McLachlen
Bank. was named chairman of the
Treasury Relations Committee, with
C. F. Jacobsen. National Metopoli-
tan, vice chairman; c. H. Pope
Munsey Trust; w. T. Vandoren
Liberty National: Victor B. Deyber
Second National; Ord Preston
Union Trust, and George o. Vass
Riggs National.
The Protective Committee is COM
posed of Francis E. Robey. chair
man. cashier. Bank of Commerce &
Savings: Linwood P. Harrell. vice
chairman. Morris Plan Bank: S
Wilson Earnshaw. East Washington
Savings: Edmund H Graham. Ma
tional Bank of Washington; F. P
Harman. ir.. Hamilton National
Johr M. O'Brien. National Canital
William Bowie. Prince Georoes BanE
IL Trust. and Edward c. Holmead
Suburban National,
D. c. Code Committee Named.
Stanley D. Willis. trust officer
National Metropolitan Bank, wa'
appointed chairman of a specla
committee on revision of the Dis
trict of Columbia Code regarding
estates of decendents and change
of rules of the court regarding IN
vestment of trust funds. T. Stf nleN
Holland. American: Security 81 Trust
Co. was named vice chairman, the
other members being:
Earl G. Jonscher American Secur-
itv & Trust; William " Simmons
Liberty National; j. Fontaine Hall
National Savings & Trust, j. Wesley
Clampitt. jr.. Union Trust; Aubrey
o. Dooley. Hamilton National; Will
liam H Baden. Washington Loan &,
Trust. Bruce Baird, National Saw
ings & Trust. and Sidney F