Evening star., 1935-05-02

which was fol-
lowed at once by the organization
meeting.
Henry Parsons of New York pre-
sided at the organization meeting, at
which Roger J. Whiteford was elect
ed to the board of directors in the
place of M. C. Branch of Richmond.
Mr. Whiteford is prominent wash
inpton attorney, counsel for the Ham,
ilton National Bank and resides IN
Chevy Chase,
While volume of manufacture has
been increased. inventories have been
reduced, Mr.. Best told the sharehold-
ers. Growth in sales reflects improve
ment in general business and IN the
printing trade, he said. Several new
lines of products have been put out
during the year, new figuring ma
chine being one.
Dividend payments were maintained
at the rate of 81 per share. Cash on
hand increased from sl,205, 1862 at
the end of last year to Sl,359,6l3.88
on February %, 1885.
During the year 1898 shares OF the
company's stock were purchased IN
the open market. there now being
$4,000. shares outstanding. OF these
.11,050 shares are owned by the COM
pany employees, an increase OF l.484
since March l, 1929.
The officers elected today included
j. Thilman Hendrick. chairman OF
board: Harvey D. Best. president; T.
Frank Morgan. first vice president;
John J. Meadth, vice president; A. E.
Pagola, vice president, in charge EX-
port Department; Frank j, Roderlck,
vice president. in charge Barrett Divl-
sion: John A. Ferguson. secretary:
Allen r. Fretz. assistant secretary;
Wilfred Bancroft. treasurer and gen.
eral manager: Harvey w. Monks, as
sistant treasurer.
Directors reelected include Harvey
D. Best, Karl W. Corby. John w. Drye,
jr.; j. Thllman Hendrick, Adrian H.
Larkin. Royal T McKenna, Henry
Parsons and George w. White. With
the addition of Mr.. Whiteford, Wash
ington now has four members on the
board, a notable distinction.
Sacks Heads Building Group.
At the fifty-fifth annual election of
the Washington Permanent Building
Association, held yesterday, Eckert j..
Sacks was reelected president. He
holds the distinction of being one of
the founders OF the organization start
ed in 1881.
3 Stockholders reelected other Off
GERS of the company as follows: John
Henderson, vice president Carl J.
Bergman, treasurer; Herman H.
Bergman, secretary. and c. Chester
, Caywood. general counsel Mr.. Carl
Bergman has been with the associa-
ton 80 years and Mr.. Henderson 80
years.
Directors of the association include
John H. Clipper, Walter v. Avery,
James r. Ellis. Christopher Rammling.
Clyde H Miller, C. c. Caywood. Max
Walton and Joseph N. Saunders.
President Sacks reported steady
progress during the past year and
stated that loans in the first quarter
of 1885 had increased so per cent over
the similar period year ago. Assets
at the end of March had increases
$250.000 over the end of March. 1884,
reaching a total of $8,500,000.
I, ID. C. Merchants on Committee.
Traffic executives in leadin Wash
ington department stores have been
named to one of II committees
: throughout the country, being Or
ganized to plan subjects and aid in
. program plans for the sessions of the
traffic group of the National Retail
Dry Goods Association at the midyear
convention of the association at the
Stevens. Chicago, June 1913, it was
made known today.
, w. c. McDermott of Woodward &
Lothrop, is chairman of the commit
tee and other members are G. c.
Holler, LanSburgh & Bro: ]. B. Nor
ris, S. Kann Sons Co.; Henry Sokel,
GoIdenberg Co, and Harry Werner.
Hecht Co.
The convention is being planned as
the largest midyear gathering in the
history of the association. More than
5000 retailers and store executives are
expected to attend the sessions.
Ask Permanent Registration.
Three more issues listed on the
Washington Stock Exchange have ap-
piled to the Securities and Exchange
Commission for permanent listing.
The companies are Peoples Drug
Stores, Inc; Security Storage Co. and
the Terminal Refrigerating & Ware
housing Corp. 1t will be recalled that
the first registrations with the Secur-
tiles Commission were only temporary,
the date of expiration now rapidly ap-
preaching
Directors of the Potomac Electric
Power Co. have declared the regular
quarterly dividend of $150 per share
on the 6 per cent preferred stock,
payable on June l to stock Of record
May Is, and the usual quarterly dis
bursement of s1.371a per share on the
So per cent preferred, payable on the
same date.
Directors of the Washington Rail-
way e. Electric Co. have voted the
quarterly dividend of So a share on
the common stock, payable June to
shareholders of record May is, and
the quarterly disbursement of SIPS
a share on the preferred stock, this
payment to be made on the same date
as on the common.
Washington Railway & Electric pre-
ferred stock sold on the Washington
Exchange today at los, unchanged. in
two 10-share transfers. Four shares
of Riggs National Bank common stock
moved at 215, while Anacostia & Po-
tornac Railroad SIS recorded a $1,000
transfer at 88l2.
Heard i'm Financial District.
The Security Club Of the American
Security g. Trust Co. will present a
three-act comedy entitled Come Out
of the Kitchen" by A. E. Thomas. at
$40 O'Clock tomorrow evening at the
Roosevelt High School, under the di-
rection of Raymond M. Lancaster.
The cast of characters includes Betty
Brunstetter and Granville Longer
beam, VINO play the leads. supported
by Audrey Belt, Jane Hinkel, Martha
Baker. Audrey Shreve, Larry McLen-
don, jr.; Ralph Mittendorff, Milton
Keefer, Clarke Seaton- and David