Evening star., 1937-01-12

most active and successful business
men in this territory.
He was the only addition to the
Terminal Refrigerating & Warenous-
ing Corps board. all other members
being reelected as follows: Clarence
A. Aspinwall, Henry N. Brawner,
Wrisley Brown, Charles A. Garry, Ap-
pleton P. Clark, jr.; G. w. Forsberg,
William M. Hannay, William D.
Hoover, Ralph w. Lee, Robert D. Mar
shall, Clarence F. Norment. Fred
Ophuls, Simeon T. Price and William
p. Reeves.
Dry Goods Speakers Listed.
Several Washingtonians are on the
program of the National Retail Dry
Goods Association which meets in New
York at the Pennsylvania Hotel, Janu-
ary 1922. Harold R. Young, manager
of the Washington Office of the ma
tional organization will lead one Of
the discussions in which Irving c. Fox,
general counsel, also will take part.
They will consider relationships of re-
tailers with the Government, con-
sumers, employees and venders.
How the Smaller Volume Store Can
Meets It's Every Day Problems is the
subject assigned to Wilford l.. White,
chief marketing research division,
Department of Commerce. Mrs. Ellen
s. Woodward, assistant administrator,
Works Progress Administration, is 10
talk on how the w. P. A. program is
to become factor in piece goods sales.
"Tomorrow's Motor Transportation
and the Retailer" is a subject that will
be handled by John D. Lawrence, gen.
eral manager, American Trucking AS
sociation of Washington
Riggs Declares So Extra.
Directors of the Riggs National Bank
declared the regular semi-annual
dividend on the preferred stock, payable
February to stockholders of record
at the close of business January IL,
President Robert v. Fleming an
nounced following yesterdays meet
ing. Mr.. Fleming added that the
board had declared the regular
dividend on the common stock of the
bank; So per share, payable on Janu-
ary Is, to shareholders of record as of
the close of business January II, and
81 per share, payable on April Is, to
shareholders of record as of the close
of business March 81. and that there
had also been declared an extra divi-
dend of So per share on the common
stock, payable January Is, to share
holders of record as of the close of
business January II.
Mr.. Fleming stated that additional
reserves had been set up in the re-
serve for retirement of preferred
stock fund, and that the directors
had authorized the transfer of $4,000
from profit and loss to surplus ac-
count.
Transfer Officers Elected.
Directors of Smiths Transfer &
Storage Co. have elected the following
officers: Arthur Clarendon Smith,
president and treasurer, succeeding
his father, who died recently; Mrs.
George Burchf1eld, vice president and
secretary; Mrs. Donald Lathromp,
cashier; Buell. M. Phil and Mrs. Ar
thur c. Smith, directors. The firm
reported a very successful year and is
making plans for further expansion
during the coming year.
Heard in Financial District.
Floyd w. Bush, for the last three
years on the examining staff of the
Federal Reserve Board. being in the
field service, has returned to Washing
ton and opened an accounting Office
of his own at GOT Fifteenth street.
He Is q member of the American In
stitute of Accountants.
Capital Transit opened at is and
closed at 1434 on the Washington
Stock Exchange today. Peoples Drug
Stores common came out at 49H in
the first sale recorded in some time.
Potomac Electric Power 6 per cent
preferred sold at 112 and 40 shares of
Real Estate Mortgage & Guaranty
preferred appeared on the board at s.
Daily average sales of variety stores
for December were about 10 per cent
higher than for December of last year
and were about 1912 per cent above
the same month of 1894, according to
preliminary estimates of the Bureau
of Foreign and Domestic Commerce.