Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-09

Real ESt3t e MOTT Fairfax Harrixon
gage g. Guaranty
preferred at ~ and Mergenthaler Limo
type at 1912.
Three bank stocks appeared on tn
board District National changed hand
at 239, Liberty National sold at 255 anc
Riggs National at 578. Norfolk 4
Washington Steamboat stock sold a
eco. Bond sales were confined to Ga
issues at recent levels.
Harrison Optimistic on South.
Fairfax Harrison, president of thu
Southern Railway, returned home yes
terday aboard the lie de France aftel
seven weeks trip abroad. He stated tina
although he had been out of touch witt
business for some weeks, all indication!
earlier in the year pointed to a sue
cessful period ahead for Southern in
dustries.
aside from the present labor dis
turbances," he said, industries in the
South generally are progressing mos
favorably, and of course. on their sue
cess depends largely the success o.
Southern Railway"
Thompson on CurtisS Board.
Eugene E. Thompson, head of Crane
Paris & Co., this city, has been elected
a director in the newly organized
Curtiss Airports Corporation, the COM
pany being organized to operate group
Of airports throughout the United
States. The nearest port to Washing
ton is at Baltimore.
Financing totaling $3l 100000 for
the Curtiss AirportS Corporation, was
announced today in the Offering
of an issue of $500, 900 shares of capital
stock of no par value, at $3.50 a share
The offering group consists Of Blair &
Co.. Inc; James C. Wilson & Co,
Hemphill, Noyes & Co.. Hayden, Stone
& Co.; Eornblower & Weeks, Spencer
Trask & Co., G. Mp. Murphy & Co..
E. A. Pierce & Co.. Bond. Goodwin
& Tucker, Inc. Watson, Williams &
Co.; the North American Aviation, Inc.
and the National Aviation Corporation
In connection with the offering Il
was disclosed that the corporation plan:
to obtain revenue from parking space:
for automobiles, from grandstands tt
be erected atop the hangers and from
food and soft drink concessions. The
corporation will start business with 1:
airportS in 10 cities. The airportS were
sold to the corporation at cost.
The New York financial tickerS re-
ported this morning that all the stool
offered had been subscribed.
April Sales Ahead Of Last Year.
Total sales of department stores IL
April we're per cent larger and aver.
age daily sales per cent larger thar
in the corresponding month year ago
according to preliminary reports made
to the Federal Reserve system by 464
stores. Increase in total sales was re-
ported by 228 stores and decrease by
236 stores.
Increases in total sales were reported
in all Federal Reserve districts except
Atlanta and San Francisco, but were
largest in the New York and Chicago
districts.
The Federal Reserve Bank at Rich
mond reported that sales in the fifth
district were 2.6 higher than in thu
same month year ago. Forty-twc
crease in sales and % a decrease
Chicago'S gain was 8.3 per cent anC
New York's So per cent. The decline
in the Atlanta district was not serious
being only IA per cent. Next to Chi.
cago and New York Kansas City made
the third best showing in all tbs
districts.
Bankers Dinner Marked Success.
The annual Spring dinner Of the
District Bankers Association at tbs
Columbia Country Club last hlght va;
a complete success, 220 being preeent, 6
record turnout. Convention plaAs were
reported, the entertainment was highly
enjoyable and the golf tournament at.
tracted host Of entries.
The associations president, Robe;'
v. Fleming, was one of the winners
while the other golf honors were car.
ried of by j. M. Johnston and C. B
Asher. A special prize was awarded
to F. G. Await, deputy controller If the
currency, for his proweSS on The Inks
Special guests at the dinner, in ad.
dition to Mr.. Await. included Merle
Thorpe, editor of the Nations Business
Attorney William H. Donovan, I. A
Fleming, veteran financial writer anC
editor; Herbert T. Shannon, president
and Arthur Shelton, secretary of the
Columbia Country Club.
Institute Election Today.
The polls will open at 4:3O this after
noon in connection with the annual cleo.
ton of Washington Chapter, A. I. B., a.
headquarters in the Becker Building.
First Vice President A. E. Hens
moves up automatically to the position
of president, succeeding James A
Soper, and Second Vice President Franz
M. Perley moves up unopposed to frs
vice president. A lively contest Is pre-
dicted, however, over the selection o.
the new second vice president and thu
chief counsel
Smooth sailing will not feature thu
selection of new members of the boarc
Of governors, as there are foul
vacancies to be filled and nine candi.
dates campaigning for election. Thest
include H. w. Kimball, William Win
stead, Laila Sloat, Robert H. Written
Eugene Parks, w. C.. Dietes, John d.
Marco, Frank w. Lee and Robert A
Sisson. The candidates for second vic,
president are A. 0. Dooley and r. H
Lacey. j. Fred English and William B
Mehler are the candidates for chic
consul
Rose L. Royce is unopposed TO
secretary, as is Richard A. Norris TO
treasurer.
Convention Chairmen Named.
Committee chairmen for the nationa
convention of the Association Of Lift
Underwriters have been announced a
follows: John F. Cremen, genera
chairman; John Dolph, finance; Pau
D. Sleeper, publicity; A. L. Baldwin
reservations, hotel committee; Eugen
@. Adams, entertainment; Arthur "
Defenderfer, reception; H. Lawrenc
Choate, registration; Earl D. Krewsor
banks and trusts; Frank r. Strunl
transportation; H. r. Bryarly, open ses
sion; G. Lea Stabler, golf; John L. Nc
Elfresh, nearby associations; ]. A. Mar
radio; D. Fulton Harris, blind under
writer's; H. o. Mclean, attendance
Harold D. Kraft, secretary; Russell
Freeman, treasurer; Edward S. Bras
hears chairman national aSsociatio
convention committee.
The directors of the D. Pender Gre
Gerry Co., which has large number
stores in Virginia, have declared tt
regular quarterly dividend Of 8712 cen
per share on the class A stock, payab
June ! to stock of record May 20.