Evening star., 1944-09-05
Capital Store Stocks
Remain 3 Per Cent
Above Year Ago
By EDWARD c. STONE.

by EDWAhD T.. SVONE.
Stocks Of goods on hand In Wash.
ington department stores on july
81 were PER cent higher than or
the same date q year ago, the Fed.
eral Reserve Bank of Richmond re.
ported today. The gain in the fiftf
district was per cent. Despite
shortages In some lines, there hal
been an ample supply of other rler-
chandise to increase total inven.
tories.
Outstanding orders for goods al
a year ago in the Capital and dowr
IL per cent in the fifth district
Total outstanding receivables or
the same date were 4 per cent higher
than q year ago.
Collections on open accounts In
July were 81 per cent of receiyables
due at the beginning of the month
while collections on installment ac-
counts were % per cent of the bills
due on July /. today's review stated
Southern Rail Earnings Drop.
Glass l railroads in the Southern
region In the first seven months OF
1914 had an estimated net income
after interest and rentals, of $65,-
600, 900 compared with $88, ,366, IA in
the same period of 1943. For July
alone. they had an estimated net
income Of S9,300,000 compared with
$1D.262, ,448 In July, l943.
The same roads had net railway
operating income, before interest
and rentals, of $10l ,478954 COM
pared with $125,855,3l4 in the same
period of 1943. Their net railway
operating income in July amounted
to $13,034,688 compared with $14,-
289 .639 in July, 1943.
Operating revenues of the Glass
l railroads in the Southern region
in the first seven months of 1914
totaled S781 ,242,937. an increase OF
35 per cent compared with the same
period of l943, while operating ex-
penses totaled $481, ,144.299 or all in
crease Of 1875 per cent above 1943.
Mortgage Training Planned.
A training course in mortgage
lending is being arranged for the
10000 employees in building and
loan associations and cooperative
banks in handling of home loans
for veterans under the CT bill
of rights, the American Savings
and loan Institute announced today
Sidney F. Taliaferro, vice presi-
dent and trust officer of the Riggs
National Bank, and president of the
District Bankers Association, re-
turned from his vacation today.
A. Scott Offutt, for many years
vice president of the City Bank,
has assumed his duties as vice presi-
dent Of the Morris Plan Bank, his
desk being almost hidden with
flowers.
C. w. Bean, manager of the
Washington Office of the Interna-
tional Harvester Co., announced
today that w. K Perkins has been
named national assistant manager
of motor truck sales. He is par
ticularly familiar with the eastern
territory.
Brokerage Houses Crowded.
The rumor of Germany's capitu-
lation had been denied before the
New York Stock Exchange opened
today but the Washington offices
were crowded with patrons await
Ing the post-Labor day market.
Walter B. French, deputy man
aeer of the ABA, is opposed to the
Federal Reserve Boards plan of
guaranteed loans to small business.
He sees danger that all such loans
will not be made on a sound basis.
The Institute of Life Insurance
believes all big companies after the
war will accept airline travel as
standard risk in most policies. About
100 leaders do already. .r