Evening star., 1938-04-12

y,
Virginia so 7
West Virginia ---- -294 -180
North Carolina 1865 -l33 80
South Carolina ----- POP -120
All but one of the 55 reporting stores
did less business in March than a year
ago, the Richmond Bank says. Gov
ernors of the Reserve System figure
that Easter not coming until April II
meant loss of per cent in March
trade. If per cent were deducted,
trade in the Capital was off theoreti-
cally only 5 per cent in March.
- Heath Announces Office Staff.
Maj, Ferry K. Heath, who becomes
q resident partner of Winthrop.
Mitchell g. Co., next Friday. after
being a resident partner of Hartman
e. Keech ever since those firms con-
solidated, today announced that
Joseph F. Dowdall, who ha, peen
manager of the Winthrop, Mitchell
Washington Office, will continue in
this position.
Customers men will include John P.
Bergan, William R. Boyer, William V.
Freeman, Richmond H. Gibson and
Burdett S. Warden also with Win
throp, Mitchell for some time and in
addition, Harry Brisker, Rosalie H.
Dill, w. Page Jones, Jesse L. Lever
ton, Thomas P. Trevvett, jr, and Mar
chant T. wentworth, all formerly as
sociated with the firm of Hartman &
keech. Winthrop, Mitchell e. Co. is
one of the well known firms If brokers
with their main office at 26 Broadway,
New York City.
The firms headquarters here are at
729 Fifteenth street NV. The brok-
erage concern has memberships in
most of the important stock and COM
modify exchanges in the country.
Other offices are in Brooklyn. Charles
ton, W. Va; Chicago, Davenport,
Kansas City, Milwaukee, Parkersburg,
W. Va: Springfield, Ill st. Louis.
Wheeling, w. Va and elsewhere.
Building, Loan Officers Named.
Isaac B. Nordlinger was reelected
president of the Citizens Equitable
Building Association of Georgetown
at the annual meeting held la-. night
at 1907 Wisconsin avenue NV. John
Hadley Doyle was again made vice
president; Harold w. Burnside. secre-
tary; Mrs. Irene B. Arendes, assistant
secretary; Harry L, Selby, treasurer.
and Bernard I. Nordlinger, general
Counsel.
Directors elected included P. F..
Carr, Harry w. Draper, A. L. Hay
cock, Jerome B. Mckee, DR.. Robert E.
Layton and George A. Scheele.
The annual report showed that the
association, which is now more than
half century old, had enjoyed an ex-
eellent business year
Building Called Bright Spot.
One bright spot in the business pic
turs is residential building, according
to the United States Chamber of Com
merce. The Federal Housing Admin
istration reports mortgages actually
accepted for insurance for the week
ending April 2 amounted to $11, ,60O,-
600, as against 10,8000OO for the cor
responding week in 1887.
Mortgages selected for appraisal in
March amounted to sos 900 900, COM
pared with s68,OOo,o00 in March, 1887,
a gain of 40 per cent. OF the current
March applications so per cent cover
residences to be constructed.
determination loans are reported to
the Housing Administration at the
rate of about $500,000 day. Complete
reports are unavailable because lend
In hou Ioy, iv, ,oI,
to report the loans they make, the
review concludes.
Heard in Financial District.
o. Sam Cummings president of the
National Association of Life Under
writer's, will head the list of speakers
at the Washington-B Baltimore Joint
Sales Congress, to be held in Balti-
more, May 6, Vernon w. Holleman,
Washington chairman of the confer
ence, announced today. A record at
tendance is predicted
Business improved on the Washing
ton Stock Exchange today. The first
sale was in Riggs National Bank pre-
ferred stock, which moved at 1902
Mergenthaler Linotype appeared on
the board with a sale of 40 shares at
2lK, followed by 10 more shares SELL
ing at 81 fiat. The days sales ended
with 10 shares moving at 20A.
Potomac Electric Power 3As fig
ured in two $1,000 bond transactions
at 106. 1t was the first time these
bonds had changed ownership this
year.
A dividend of 6 per cent on the
s57,600 Norfolk Portsmouth Belt Line
Railroad stock has been declared, pay
f., able May /. The stock is owned by
Norfolk g. Western; New York, Phila-
delphia e. Norfolk; Norfolk Southern
Seaboard Air Line, Atlantic Coast Line
Southern Railuau Chesa neake 4x 0hie