Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-12-09

many stores in
other cities. will finish the year well
ahead of 1929.
The American Stores Co. also report
ed for November today, sales reaching
$ll,l32,26l, against $11,522,139 in the
same month last year, a drop of $780,
o7S, or S38 per cent Sales for the first
4B weeks of 1880 totaled $129,482, $50,
compared with $3.50, 208, 426 in the cor
responding period in 1929, a decrease of
$725,776, or .55 per cent. Here again
the indications are that the years total
sales Will equal or pass those of 1929.
Inc ChlldS Restaurant Co. reported a
falling off of IL per cent in November
sales. SAILS for the first IL months of
the year totaled $24,274,107. against
$25.697,044 in 1929, q decrease of
4l,422,937, or SIS per cent
Groom Entertainment Chairman.
President Lanier p. McLachlen of the
District of Columbia Bankers Associa-
ton today announced the appointment
OF Thomas j. Groom, vice president and
cashier of the Bank of Commerce &
Savings, as chairman of the Entertain
ment Committee of the 1881 convention
of the District of Columbia Bankers
Association, to be hsld at Hot Springs,
Va.
Mr.. Groom was born in Mobile, Ala,
and attended the public schools there
He came to Washington in 1922, where
he attended Georgetown and Columbus
Universities, receiving his LII. B. degree
from the latter school. He was formerly
vice president of the Washington Me-
chanics Savings Bank.
He Is member of the Board of
Trade, Metropolitan, University and
Washington Golf and Country Clubs
He has served on the Standard Bank
Ing Forms Committee of the District
Bankers Association, been vice preSi-
dent of the District Savings Bank di-
vision of the American Bankers Asso-
citation and also served on the advertis-
ing and protectiyes committees. He
has also been active in convention work.
having already served on the entertain
ment, transportation and hotel commit
tees, being vice chairman of the Trans
portation Committee last year.
Brahany on Same Committee.
The appointment was also announced
OF Thomas w. Brahany, partner in
Crane, Paris g. Co., as vice chairman
of the Entertainment Committee. Mr.
Brahany has already done a great deal
OF work for the association, has been
on the Publicity Committee and q
member of the council of administra-
ton. In conventions he has been
chairman and member of the Enter
tainment Committee several times, and
Tor two years was member of the
General Convention Committee.
Mr.. Brahany was born in Wisconsin
In 1878 and attended the University
OF Wisconsin. He came to Washington
In 1901 and attended the George Wash
tngton University here. He was active
IN newspaper work both in wisconsin
and here. Mr.. Brahany was assistant
secretary to the President of the United
faf he Eof = II
1stratlons and also served as private
secretary TO two Senators from Wis
consin. He has been member of the
FIRM OF Crane, Paris & Co. for about
four years.
Accumulation Plan Announced.
Heyliger Church of Church Wootton
q Co. announces new money accumu-
lation plan OF the Colonial Mortgage
Investment Co. of Baltimore, which his
nrm Is introducing in Washington. The
plan features short-term accumula-
ton period, safety and absence OF for
Ieiture clauses and users receive 5lk
per cent compound interest Three
classes OF securities comprise the COL
lateral-real estate first mortgage bonds,
certain New York Stock Exchange bonds
and debentureS and Government obli-
cations The collateral Is deposited with
the First National Bank of Baltimore,
which acts as trustee.
Williams on Riggs Board.
Following the monthly meeting Of the
board OF directors of the Riggs National
Bank, President Robert " Fleming an
nounced the election of William M. VIII
hams TO membership on the board, fill
Ing the vacancy occasioned by the pass
ing OF John s. Larcombe. Mr. williams
u widely known In Washington as well
fhrOftohn1ff he csS
formerly served as solicitor of the De-
partment OF Agriculture and as commits
sloner OF the Internal Revenue. Mr.
Wnlams Is now a member Of the law
nrm OF Williams, Myers g. Quiggle of
this city.
Gas Bonds Put on Exchange.
The new Washington Gas Light Co.
$1,000 600 Of Az per cent gold notes,
dated December !, 1880 and due April
1 1888, were listed on the Washington
Stock Exchange today Interest on
these bonds is payable semi-annually
on april ! and October /. They are
Eedeemable in whole or in part on the
nrst day Of any month on 80 DAYS
notice at l0i and interest through
October /, 1881; thereafter through
April !, 1882, at 1907 and interest:
thereafter through October i, 1882, at
1901 and interest and thereafter to
maturity al 100 and interest. The issue
which was announced about a month
ego, was very quickly sold
Active Day on Local Board.
Washington Railway l. Electric pre-
TERED was the most active on the local
exchange today. many small lots chang
Ing hands at 98l2 and 98s.. In yerv
light trading Capital Traction dropped
% A. Peoples Drug moved to 3D.,
eeA and 3d..
Mergenthaler Linotype closed at SO
potomac Electric Power 81 preferred
et llli2 and the 5lz per cent issue at
1919. while 100 shares OF Real Estate
mortgage and Investment preferred
registered Ga. Bonds were rather ne
elected.
Heard in Financial District.
George o. VaSS, vice president anu
cashier OF the Riggs EItional Bank,
back at his desk after a weeks III
ness with severe cold
Harold Stonier, national educational
director Of the American Institute of
Banking, was q visitor here yeSter-
day, comforting with officials Of Wash
ingtou Chapter.
1t is announced that the Treasury
Offering OF $4,000 900 sixmonths, Ia
and Of $3.50 100000 one year f7s per
cent certificates Of Indebtedness, is be-
ing well received in banking and Gov
eminent bond circles despite the lower
interest rates on any Government issues
since the war.
American Telephone & Telegraph
October operating income $2,s21 ,246,
against $3,4S4,464 in October, 1929; fOI
10 months $27,747,353, against $S3,-
Isl 800.
Frog hunting used TO be q favorite
sport Ia Belgium until prohibited by
tam.