Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-02-04

do OH III d1ICzs. - $500
clerk and became an agency adviser
in two years. He Is a Randolph
Macon graduate and has been in
insurance since 1927.
Capital Store Sales Soar.
Department store sales In the
Capital for the week ended Satur-
day, January ~, scared 81 per cent
above the corresponding week
year ago and were per cent better
than in the preceding week this
year, the Federal Reserve Bank of
Richmond reported yesterday. Gu
mulative sales for the four weeks
ending on the same date were 9 per
cent better than year ago.
The gain over last year in the fifth
district was 10 per cent, and Tn the
four weeks 9 per cent, the report
said. AS there are only sthree more
business days to be heard from, the
January report for Washington and
the rest of the district will be not
ably better than year ago.
Market Activity Impressive.
Washington brokers and traders
were greatly impressed by the Janu-
udl I'LL LOfCA Va ulOAC tlidl oO,UOU,.
600 shares on the New York Stock
Exchange, the largest for any month
since the war began in 1899 and the
largest January since 1897.
There were five days when more
than 2,000,0 900 shares changed hands,
as we'll as new records in Saturday
trading. The activity and rising
prices kept boardrooms here crowd
ed most Of the time. Brokers are
cautious on predictions but say there
is still lot of idle money available.
Boteler Named to Council.
Charles M. Boteler, vice president
of the Mutual Fire Insurance Co., of
Washington, has been named as one
of "a men in the Nation to serve on
the Agents Advisory Council of the
Lumbermans Insurance Co. of
Mansfield, Ohio. The council will
help form the companyis postwar
program with a view to improving
service to policy holders. AS only
one agent is chosen from any city or
State, the selection is considered a
high honor.
R. c. Lawrenson has been ap-
pointed assistant manager of the
Washington branch of the Globe
Wernicke Co. He has been sales
representative here for Is years,
landing Government accounts.
Store Inventories Lower.
Goods on hand in Washington de-
partment stores on December 81
were per cent lower than on the
same date year earlier, the Reserve
Bank of Richmond reported yester-
day. Outstanding orders for goods
were IS per cent higher than a
year ago. Receivables were 10 per
cent higher.
Collections on open accounts in
December were At per cent of bills
due at the beginning of the month,
and % per cent on inStallment &C.
counts. Both were lower than av-
erage collections for the fifth dis
trict.
Veterans Given Valuable Aid.
United States Savings and Loan
League officials reported yesterday
that vigorous efforts are being made
to keep war veterans from paying
more than careful appraisals indi-
cate a property is worth. Many
loans have been held up until own
ers have reduced prices, especially
on homes. Veterans have greatly
appreciated the protection.
Atlanta Tops Sales Gains.
The Federal Reserve Board re-
ports that the Atlanta Reserve dis
trict made the best trade gain in
1914, department store sales being
up 10 per cent. Dallas followed with
II per cent upturn. The gain for
the Nation was II per cent, exactly
the same as in the Richmond, Phil
adelphia, Minneapolis and Kansas
City districts. Knoxville led the
cities with 40 per cent rise.