Evening star., 1950-07-16
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savinEs Banks.
ss9, ,ee1,s4o $s7.112.z28
Trust Companies
Ss16.s7o,ss7 $500, s,14s,s2t
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Committee Heads Named.

Max w. Shoup, general chair.
man, Washington Chapter. Ma.
tional Association of Cost Ac-
countants, yesterday announced
the committee chairmen for the
Regional Cost Conference to be
held November 1918. inclusive.
The list follows:
Doran D. Vest, vice chairman;
Russo H. Crowell, program; War
rem A. Melhorn, meetings; Paul
Imler, registration; Sam Wood
ley, finance; William H. Dame,
exhibits; Orlean Lucas, ladies' ac-
tivities: Joe v. Cummins, promo
tion publications; M. Everett Park
inson, hospitality, and H. j. Alt.
house. publicity.
Preliminary arrangements for
the conference were made at the
first directors meeting of the
season, at which Mr.. Vest pre-
sided. All technical sessions for
the current year will be held at
the Willard Hotel.
Store Sales Behind 1949.
Washington department store
sales in the week ended July 8
were 2 per cent under the SINH
lar week of 1949 and compared
with a gain of l per for the fifth
district, the Federal Reserve Bank
of Richmond, Va, reported yes
terday. Sales increased z per cent
throughout the Nation.
The decline in sales here wiped
out the cumulative gain of the
four weeks ended July 8 to no
gain at all, exactly what it was at
that time a year ago. Baltimore.
on the other hand. with 2 per
cent increase the week ended July
8, registered like gain over the
four-week period last year.
Sam D. Treece was honored at
a dinner meeting last night at the
Belle Haven Country Club for his
outstanding insurance production
record qualifying him as presi-
dent of Acacia Mutuals Northern
Virginia Branch Leaders Club.
Construction Up Sharply.
The Richmond Reserve Bank
reported in its July Review that
construction contracts awarded in
the fifth district were 74.5 per
cent above a year earlier at the
end of the first five months Of the
year. West Virginia, with a 1857
per cent increase, led the region.
Total construction in the fifth
district for the period, as meas
ured by the F. w. Dodge Corp.
contract awards, was running at
a seasonally adjusted annual rate
of SIS billion, which is % per
cent higher than for all of 1949.
Construction of school buildings
showed the sharpest rise-168 per
cent-due in part to recent Su-
preme Court rulings affecting
Negro school facilities. Apart
ment and hotel contracts were 1876
per cent ahead, one and two fam
lily houses 129 per cent and public
and utilities SO per cent ahead.
Construction awards in Virginia
rose 1913 per cent in the f1ve-
month period compared with a
year ago and gained 80.8 per cent
in Maryland. Helping to swell the
totals were the expanded building
activities Of the Washington Met
ropolitan Area outside the District.
Awards in the District were re-
ported 9 per cent behind.
Business conditions generally in
the fifth district were in a
healthy condition. Automotive
sales continued to rise, with pas.
senger cars up 20 per cent from a
year ago. Furniture production
is rising. retail sales in the region
being up 6 per cent in May.
In the first five months Of the
year debts to individual accounts
in Washington banks totaled $4,-
016.931. against $3.666.193 q year
ago. -- ~