Evening star., 1933-02-09

rounceS Ihe ap- ~ asss asssiasss$$5#
pc i n m ent of
Harold W. Burn
Eide, aGsista
cashier Riggs Ma
ticnal Bank and a
former president of
Washington Chap s------Aazln
ter, as chairman James A. Soper.
of the Reception
Committee.
other members of the committee are
Francis G. Addison, Jr, presloent Sc
curitv Savings and Commercial Bank;
r. H. Cox, cashier Commercial Va
ticnal: Victcr B. Deybe" president sec
end Nasic-,a-; Clcrlc !. Doing, vice
urer American Security s, Trust Co.;
Co: James c. Dulin, jr assistant treas
urer American Security & Trust Co, |!
Joshua Evans, jr., president District
National: G.. Elmer Flather, assistant
treasurer Union Trust Co.; Robert v.
Fleming, president Riggs National;
C. F. jacobsen, cashier National Met
ropolitan; T. Hunton Leith, assistant
cashier Security Savings & CONNER
cial; Howard Moran, vice president
American Security & Trust Co; John
Poole, president ,Federal-American Ma
tional Bank & Trust Co; G. H. Pope,
vice president Munsey Trust Co.; F. P.
ID. SlQQOIlS, S6CTGldly 1NdlA 0CSOAAoy
& Trust Co.; w. w. Spaid, members OF
the firm of w. B. Hibbs & Co.; Frank j.
Stryker, president Columbia National;
Norman E. Towson, assistant treasurer
Washington Loan & Trust Co.; George
o. Vass vice president and cashier Riggs
National, and Wilmer j. Weller, vice
president and cashier Federal-Ameri-
can National Bank & Trust Co.
In addition to Mr.. Burnside, eight
members Of the Reception Committee
are past presidents of Washington
Chapter, as fellows: Messrs. Deyber,
Dong, Dulin, Evans, Leith, Poole, Spaid
and Waller.
Tobacco Advance Helps District.
The recent higher prices paid to
tobacco growers in the fifth Federal Re-
serve district has been cne OF the most
encouraging business signs noted by
the Reserve Bank of Richmond. Ris-
ing cotton prices in recent weeks have
also been a help to the fifth district.
Prices for f1re-cured tobacco in Vir-
ginia advanced considerably during De-
cember and the average for the month
was. nearly 80 per cent above the aver
age for the same month year ago.
J Total sales of flre-cured tobacco
amounted to 2,298,042 pounds in De-
cember, at an average price of $8.18
per hundred pounds, compared with s.
130,656 pounds at an average of $4.64
per hundred pounds in December, 1881.
Burley prices were nearly 40 per cent
above prices for December 1881. Total
sales amounted to 2,890,080 pounds at
an average 6f S14.08 per hundred, COM
pared with 1891 1925 pounds at an
average Of S1018 per hundred
Sun-cured tobacco sales were very
! Itrrt> TH-1~ @f.<---
price was only slightly higher than a
year ago. Total sales amounted to
247,218 pounds, at an average of $5.95
per hundred pounds, compared with
495,330 pounds at an average of 1922
Per hundred pounds for December, 1881.
Prices for fue-cured tobacco in De-
cember, 1882, averaged slightly higher
than in December, 1881 and 1880. To-
tai sales for this type amounted to T.
970,852 pounds at an average of $3.50
per hundred pounds, while in December,
1881, 16,052,549 pounds were sold at
an average of S6.18 per hundred pounds.
Rail Revenues May Jump.
Net operating revenues of the rail-
roads for the first six months of 1888
may be 35 per cent above the first six
months Of 1882, due to the substantial
operating economies effected last year
and to the expectation that shipments
in the second quarter will exceed the
depressed 1882 levels, according to a
study completed by E.. B. Smith & Co.,
New York.
'The) decline in railroad car loadings
during the depression has been no
greater than the decline in industrial
production" says the firm. THE
changes in car loadings and industrial
a va hoo oil efV l0rr
extent during practically the entire de-
preston. In view of this it seems TO
us logical to assume that the railroads
Will participate to marked extent in
any general improvement that may
occur. Naturally, if aided by legisla-
tion, this participation may be accentu-
ated,' the New York firm says
Lcnston Monotype Cuts Dividend.
Directors of the Lanston Monotype
Machine Co. today declared quarterly
dividend of 81 per share. The COM
pany formerly paid $3.50 quarterly.
The stock is very widely held in
Washington.
The cold wave, investment demand,
more cheer in the economic outlook, or
some other cause boosted trading on
the Washington Stock Exchange today.
The market opensd with several odd
lets Of Potomac Electric Power 515 per
cent preferred changing hands, at 1917,
the stock closing at 1075s. The same
corporations per cent preferred regis
tered small sale at Ill.
washington Gas Light IS, series B,
recorred $1,000 sale at 104. while $500
Washington Gas SIS, 1850 moved at 106.
Two 81 900 sales in Washington Gas
Light As were noted on the board
at 90
washington Railway g. Electric pre-
ferred stock was active in small lot
sales today. Five 1O-share lots and
cne six-share transfer took place
at S8%.
Comment in Financial District.
The District Bankers Associations
council of administration will hold its
regular February meeting tomorrow
afternoon at headquarters in the Bond
Building
Standard Brands, Inc, has declared
regular dividends of Is cents on the
common stock and SITS on the 81
cumulative preferred, both payable
April to holders of record March 6.
w. L. Ross, president of the Nickel
Plate Railroad, has retired as active
mead because of poor health, and j. j.
Bernet. president of the Chesapeake &
Ohio, has been elected to succeed him.
The Pullman Co. has requested ap-
prcVGl OF the Interstate Commerce
Commission to establish reduced one
way and round trip sleeping and parlor
car rates. and railroad surcharges for
an experimental period on traffic be-
tween Memphis and Nashville. Tenn.
The aim is to increase traffic suffl-
GENTLY to compete with buses success
fully.
Morton Bodfish, member of the Fed
eral Home Loan Bank board, will be
the principal speaker at the American
Savings, Building & Loan Institute
held in connection with the institute S
Midwinter conference in Washington
February 20 and 81. He will speak on
the Broadening Horizon of the Build
ing and Loan Associations"