Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-01

pany InIIu steam Francis Z. Smith, Jr.
er, the Northland.
Is running out of New York, having
been adVantageouSly leased by the
N. g. w. officials for the Summer sea
son. The third ship Is not needed in
the regular service except when repairs
are being made on one OF the other
two steamers.
The company is looking forward to q
very large business in 1892 during the
Washington Bicentennial and the ami
versary OF the surrender at Yorktown
$50 wears ago. This event is expected
to bring a throng of visitors to Wash
tngton, thousands of whom will be
anxious to visit ocean resorts as we'll
as Yorktown and jamestown. The river
line is certain to profit by this influx of
tourists. no matter what happens to the
Surrender of CORVALLIS" plans in the
Yorktown pageant.
The company makes a speciality OF
carving automobiles on the steamers.
This makes it convenient for tourists
TO take the trip down the Potomac and
across Chesapeake Bay and have their
machines for sightseeing at the Nor
folk end of the line.
Norfolk e. Washington Steamboat
stock is now selling on the Washington
Stock Exchange between 100 and 200.
'I'he low so far this year was 189 and
the high 200. At present levels the
stock Yields 7.46 per cent. 1t Is not
particularly active. shareholders appear
ing to be perfectly contented to carry
it in their safe deposit boxes in the
banks.
Francis E. Smith, Jr., Promoted.
FRANCIS E. Smith. jr.. has been
elected vice president and title officer
lit.
yers' Title Insurance Cos. and also
made a director in the District Title
Insurance Co. by the boards OF d.
rectors of these three companies, which
are located on I street.
Previous to his advancement he had
been employed in various capacities by
these companies for the past 10 years.
He received his education in the local
public schools, is graduate OF the
Georgetown Law School and member
Of the District of Columbia bar.
During the World War Mr.. Smith
served in the U. S. Marine Corps, max
ing an excellent record.
Loft Reports Sales Expansion.
In recent report by r. G. Dun &
Co. on Loft, Inc, attention Is called
to the fact that the chain candy
store firm recently added Washington
subsidiary in Happiness Candy Stores,
Inc. Loft now has total of IS stores,
with plans for eight more, while Hap
pinesS has 43 IN operation.
The report regarding the increased
number of stores has important bear
ing on the future OF Lofts business, as
greater outlets for its candy business
are the aim Of the present management.
The companys largest candy factory
could easily enlarge its output at low
expense.
The mid-year balance sheet shows
favorable comparisons with earnings
for the first half of 1880, as well as the
last half Of the same year. Sales ex-
psnsion has been particularly marked
during the past six months.
Finance Convention Dates Set.
" is announced that the American
Association Of Personal Finance Com
panies will hold its convention in this
city again this Fall october 1928. The
business sessions will again be held at
the United States Chamber Of Com
merce auditorium.
Consumer Credit and Personal FL
nance" will be the main theme OF the
convention, lines now being out for
speakers of national distinction. Many
round table discussions will cover the
particular problems which have bobbed
up during the past year.
Between business sessions sightseeing
trips will include Mount Vernon, Alex
andria, and the leading high spots in
the Capital. Several golf courses are
also to be offered the delegates.
Women's Shoes in Best Demand
According to the United States De-
partment of Commerce, the output of
mems shoes for the first five months of
this year was 30,463 900 pairs, decline
of 1873 per cent from the same period
OF 1890; while the output of women s
shoes was 50,725 900 pairs, or a decline
of only per cent. On the other hand,
the production of misses and children's
shoes for the five months period was
1925 900 pairs, a gain Of nearly 5 per
cent over the same months Of last year
The output for the entire industry was
? per cent below the same five months
period of 1890, while New England fac
tories registered an increase of over 4
per cent for the period.
II is estimated that shoe prices on
the average are about is per cent below
Q year ago.