Salt Lake Telegram | 1936-05-26 | Page 7 | Rapid Expansion Shown in Credit Transactions

Rapid E Expansion Shown In Cr Credit dit Transactions Credit transactions which made up more than half of the total to-tal volume of the nations nation's business last year are showing rapid expansion Lindley Lindicy S. S Crowder of St. St Louis general manager and andI I treasurer of the National Retail Credit red t association said here Mon Mon- i day V Speaking at t a ft meeting of or Salt Lake Retail Credit members Monday Monday Mon Mon- day evening In the Newhouse hotel Mr Crowder said the t total tal volume of ot sales in the United States has increased more than 12 per cent cent over oyer corresponding periods last year Collections in Salt Lake City are tre re 10 per cent higher than the nations nation's average for 50 cities of similar size the speaker asserted Paying tribute t to Local Credit Manager William Berks Mr Crowder Crowder Crow Crow- der said aid the Salt Lake City office has the highest efficiency rating inthe inthe in inthe the United States Mr Crowder estimated that 30 per cent of the soldiers' soldiers bonus would be used in retiring old blUs 32 per percent percent percent cent in savings 20 per cent for lor homes and farms 11 11 per cent for new purchases and additional 5 per cent for automobile purchases Approximately persons attended attended at at- tended the meeting