Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-29
Speaker Labels
Capital aCity
Of Opportunity
by FRANCIS r. DOUGLAS
star stan Writer

star stan Writer
Washington business isn't
always very good. but 1t is never
really bad. a meeting Of busi-
nessmen was told yesterday.
John w, Costello. president
Of the National Employment |
Service. characterized WASH
ington as a city Of opportunity |
in a speech before the annual |
Business outlook Conference !
of the Washington Board of |
Trade. He pointed out that 1t |
can no longer be described as
q lazy Southern town.
"A few weeks ago" he re-
counted. Detroit faced a major |
unemployment crisis. Then. of
a Saturday. and a package Of |
$50 million In contracts. De-
troit was a boomtown.
This could happen almost !
anywhere. but 1t can't happen
here. Why? Because WASH
ineton has never really had a
depression or a boom"
Supplemented BY Industry
Coupled with the extremely |
stable labor situation in the |
Government. he continued. is |
"the overwhelming horizon of |
private industry. particularly |
electronics. He pointed out |
also that Washington is steadily |
growing in the field Of medical |
research.
Discussing employment prob |
lens, he declared that the |
young job-seeker today Is seek |
Ing security as well as an OPP |
portunity.
Lorraine J. Milliken. vice |
president Of Charles G. Stott |
a Co.. Inc. said also the Job |
applicant is not just satisfied |
with an opportunity to work. |
He advised businessmen to face |
the fact there has been q buy
er's market in employment in |
Washington for nearly 20 years. |
Richard A. Norris. president |
Of the Lincoln National Bank. |
advised businessmen to find the |
bright spots during s business |
decline and danger spots dur
ing prosperity.
Look for capital when your
business Is doing well. counseled
Willard F. West. r.. q partner
IN the investment banking Arm
Of Auchincloss. Parker & Red
path.
Stadium Interest shown
A question period was con-
Quoted by A. H. Sypher. editor
OF Nations Business Magazine.
Interest In the prospects for q
stadium here was apparent
from the queries.
william H. Press. executive
vice president Of the Board Of
Trade, said the prospects are
not too good unless 1t Is evident
that bonds to cover cost Of con-
struction can be sold and serv-
iced.
DR.. Jerome P. Pickard. Board
Of Trade research director. sup
piled figures showing that in
csomes rose last year. The me-
dian family income In the area.
$5.e7S in 1856. rose to $6.075 in
1857. A median is the halfway
mark. with as many above as
below 1t.
In Washington the median
family income rose from $4,000
In 1856 to 5000 in 1857. In the
suburban area the rise was from
$6.773 TO 5000.
The figures were based on
data from The Stars 1858 Con-
sumner Analysis Survey and
from various agencies.
Fastest Growing Area
DR.. Pickard's population fig
ures and estimates showed that
from 1850 TO 1858 the greatest
growth took place in the Oxon
Hill area Of Prince Georges
County. The increase was 242
per cent.
Other areas Of large growth
and the percentages were: The
Rockville district Of Montgom-
cry County. 212: Kent district.
Prince Georges County. III: |
ColeSville area. Montgomery
County. 1855: Lanham. Prince
Georges County. 1852; Spaul-
dings, Prince Georges County. |
l22: Fairfax County. Va. l2i.
In the District itself. the per-
centage increase was only 7.8
In the same period. In the
whole Metro Area. 1t was 40
per cent.