Evening star., 1933-09-21

ernment service ~ x:$z:##
who have helped sS$ XXX
to take 4,500,000
people out of the E. w. schreiner
ranks of unem-
ployment."
Mr.. Whiteside gave most inter-
esting sketch of the work of the N.
r. A. from the time Of its organiza-
ton was called for by congressional
action to the present. More than 200
business men and women listeped to
his enthusiastic summary of N. R. A.
problems and results already attained.
Another speaker was the president
of the local accountants chapter, A. B.
Gunnarson. manager of the Depart
States Chamber of Commerce. who
delved in accounting methods in con-
nection with the N. r. A. industrial
codes
Citing the stipulations Of the organic
act that President Roosevelt could re-
Quire reports, SubStantiated by account
ing records, Mr.. Gunnarson explained
the implications of this requirement
and stated that there was an immi-
ing systems now in use. He urged the
installation of bookkeeping records from
which comparable information could
be gathered.
In conclusion he stated that the
"neW dear' had enhanced opportunities
for both public and private account
ants. Among 100 guests at the meet
ing were E. A. Camman, vice presi-
dent, and Raymond o. Hill, another
officer of the national association, and
Howard E. Cooper. a director of the
Baltimore chapter.
Schreiner Heads Committee.
E. Wallace Schreiner of the First Ma
tional Bank, Alexandria, has been ap-
pointed chairman OF the Committee on
Public Speaking ana Debate of Wash
ington Chapter, American Institute of
Banking, by the president, Robert H.
Lacey Mr. Schreiner is the first mem
Der of washington Chapter to have
represented it in a national contest.
Mr.. Schreiner was grauated from the
Alexandria High School and later at
tended Strayer's College. He holds the
Institutes standard and public speaking
certificates, and won the Bank Presi-
dents Trophy this year. He represent
ed Washington Chapter in the 1888
Giannini district contest, winning first
place over contestants from Pennsyl-
vania, New Jersey, Delaware, Maryland,
Virginia, West Virginia and North
Carolina.
This victory entitled him to represent
this district in the finals of the national
public speaking contest at the Chicago
convention last June. with his railroad
fare and expenses paid. The young man
won third place among nine finalists
and received a cash prize of 5000.
Members of his committee will be
Joseph R. Fitzpatrick, Second National
Bank; j. Earle McGeary, w. B. Hibbs &
Co.; Alfred w. Sherman, American
Security & Trust Co., and Alice H.
Whitton, First National Bank of Alex
andria.
Dividends Declared Here.
& Trust Co. have declared dividend
of 2 per cent, payable October 10 to
stockholders of record on September 80.
Woodward & Lothrop directors have
voted the regular quarterly dividend of
~ per cent on the preferred stock
and 80 cents on the company's COM
mon stock, both payable September 20
to stock of record on September 90
Peoples Drug Stores, Inc, will pay the
a share on the common stock October
to shareholders of record September
8. The dividend of ST 6212 on the pre-
ferred was paid September Is.
The large number of local holders of
American Telephone & Telegraph stock
will receive the regular 1925 dividend
on October 16. The disbursement was
voted to shareholders of record on Sep
tember IS.
From New York comes word that the
New York Trust Co. has declared the
regular quarterly dividend of $l.25 per
share, payable September 80 to stock
of record September %.
American Stores Sales Steady.
Sales of American Stores Co. for the
five weeks ended September 2 amounted
to S9,900,972 in comparison with So
919,823 in the corresponding period
year ago. a difference of about $19 600.
Sales for eight months up to September
2 totaled S72 4366 against $79, 141 $50
in the like period last year, decrease
of S6,7C4,965, or 8.4 per cent. The re-
port gives no consideration to the
change in the number OF stores during
the periods compared.
The Treasury Department has an
nounced an offering of $75.000,000 OF
91-day bills to the highest bidder on a
discount basis. Tenders will be re-
ceived at the Federal Reserve Banks up
to pm. Monday, September 25. The
bills are to be dated September 81 and
will mature December 81, 1888.
Lie luSucr UlNluSIlO Ou SilcodpcdhC
& Ohio common, raised to $3.50 from
$3.50 annually at the last meeting. has
stimulated conversion of Chesapeake
Corporation per cent bonds into C. &
o. stock. Up to September 6, total
of S4,552,000 principal amount Of the
Chesapeake Corporation bonds had been
converted into C. & o. common, reduc-
ing the amount of the corporations
bonds outstanding to S37,744,000. In
the month between August 4 and Sep
tember g. ST ,274000 principal amount
bonds were converted, the Wall Street
Journal says.
Trading on ID. c. Exchange.
Trading was very quiet on the Wash
ington Stock Exchange today, being
confined to just two issues.
Capital Traction stock was out again
today, two 10-share lots changing hands
at 1212, the recent high mark on the
present move. Yesterdays market re-
corded turnover Of 80 shares at the
same price.
Capital Traction quotations closed
today with IL offered and 16 asked.
Late in 1882 this stock sold down to
4, so it can easily be seen what the
progress toward merger OF local street
car lines has meant to it.
The other stock appearing on the
local board today was Potomac Electric
Power 51a per cent preferred, which
moved at 1071a for five shares. Four
shares of this stock changed hands
yesterday at 1o8 The stock Is always
strong, way above par