Show I Christmas Clubs Throughout Nation Will Pay to Members my United Press to n ten NEW W MT-W V YORK B Nov T 15 Approximately 15 will be distributed I and one hall million milan people throughout the c country in the tile next few iSh weeks as 8 Proceeds of various Christmas club savin plans I II I The sum shows n a decline front from a year ago but bankers are generally en encouraged h with the results In view of ot the severity of ot the depression and andr I the numerous banking difficulties earlier in the year I I In r 1931 i Christmas 1 club Payments ment were wel-e in 1030 1930 I IM S US in 1929 0 ta In 1 1928 1028 28 The average sum to lOI I be received by members this v nr k 42 It t h Merchants throughout the country n try expect to feel the effects of ot the thel release of this vast fc sum of ot cash sales Estimates ch t 5 sui money moncy in Improving show the proceeds of the Christmas club payments will wUl go co Into the fol- fol lowing Vin channels channels- Christmas P purchases chases 38 per pcr cent Permanent f L savings f II 28 per cent Year end commitments i 11 11 per cent lOper 10 per cent Mortgage amortization 6 per cent Insurance premiums 5 per pel cent Education travel and charity charlt 2 per cent per cent H In th lh distribution Pf of Christmas club p New C state n agaIn ain led with while Pennsylvania was second second with New York City's metropolitan dl district will receive J |