Evening star., 1938-09-15

Sales Tor the nrSt eight months OF
this year compare with the same
months in 1887 as follows:
January --------ss .as$.sse ns$I so.ssssss.Ss.s ssssssSs
March 527O4,42a S7,259,S43
April -------- 81 3a3. .oas 57.0ss. 900
July - 5Ss36.3Sl 63,3S522S
August .--- SO 12q5SS 66lO5 sos
The Pepco report for August gave
the following classifications compared
with the August, 1887, totals
1888 August 1887 e, chaes. Gsst
Railways 5.s2e 500 5,5as,e44 200
S,5Hvy rs. s.sasssa 5sa ,1.soess 4ao 1890
Francis E. Robey Honored.
Directors of the Bank of Commerce
l. Savings at their meeting yesterday
paid special honor to Francis E. Robey
assistant cashier, on the occasion OF
his goth anniversary with the bank.
In presenting Mr.. Robey with a
silver service, NJ. D. Rosenberg pres
ident of the institution. expressed
appreciation Of his many years OF
loyal service.
Mr. Robey began his career with
the bank on September II, 1918 In
addition to being an officer of the
bank, he is first vice president of
Washington Chapter, American In
stitute of Banking, and has been
quite active in the chapter for many
years
Thomas j. Groom, executive vice
president and cashier of the bank.
also announced the directors declared
the regular quarterly dividend Of 2i2
per cent. payable October /, 1888, to
stockholders of record September 20.
1888 officials of the bank report
the largest growth and most sub
stantial earnings in the banks history.
Annuity Plan Adopted.
The Morris Plan Bank of Washing
ton has adopted a retirement annuity
plan for employees, effective September
!, with the Equitable Life Assurance
Society. On voluntary basis, it offers
protection to all employees in addition
to the group insurance previously in
eject. 1t provides annuities after
retirement at the age of IS and is
retroactive to the beginning of the
employees service if he has been with
the bank for more than year.
A banks public relations begin at
home, declares Willard G. Barker
president of the bank, in stressing the
need for cordial employe relationships.
The institution encourages activities
OF its employees club, provides COM
Portable restrooms for employees and
even orders fresh flowers for every
desk each day. The latest is a new
electric soft drink vending machine,
the proceeds from which go to the
club. The club is planning its annual
outing at the Indian Springs Country
Club Saturday, October /.
Capital Building Fifth.
The value of private building per-
fnits in Washington for the first eight
months Of this year ranked fifth in
the entire Nation, according to the
monthly report from Dun g. Brad
street, Inc
The Capitals total of $16.699,l99
was behind the totals Of only New
York City, Los Angeles Detroit and
Houston, and exceeded activity re-
corded at San Francisco Chicago,
Baltimore. Philadelphia, Boston, Gin
cinnati and other leading cities.
New York Office Opened.
To act in the capacity of wholesale
distributors of securities for issuers
and underwriters, the Washington
ID. c. investment firm of Mayhem
IL Rely is announcing today the OPEN
ing OF New York Office at 50 Wall
Street. Associated with the firm in
the management of the New York
oflce are Kenneth NJ Smith and Mar
Ion S. Emery.
Mr.. Smith, who has been for the
last three years with J. A. Sisto & Co.
IN New York as manager of their
wholesale department. had previously
been partner in the Arm of Free
man. Straub e. Smith.
Mr.. Emery formerly conducted his
own securities business in New York,
prior to which he had been sales man.
ager of H. D. williams 81 Co.
d. c. Executives to Attend.
Lewis Saltz of Lewis g. Thomas
saltz and r. K Koontz of Woodward
b Lothrop will attend the third an
nual Esquire Apparel Arts Fashion
Forum and Retail Seminar at the
Waldorf Hotel here on Sep
tember 81. More than 500 executives,
buyers and designers from the leading
shops of the country will be present to
view the latest fall styles in mems
clothes and accessories
Most prices were steady on the
Washington Stock Exchange this
morning. After the call Is shares OF
Potomac Electric 512 per cent pre-
ferred were quoted unchanged at ia
A share of Washington Railway &
Electric preferred moved at 1l0l2
down a point from the previous sale
Washington Gas Light preferred was
quoted at 100, with 10 shares. 3 shares
and shares changing hands, Wash
ington Railway & Electric As moved at
100 in two $500 deals
George Vass, vice president and
cashier Of Riggs National Bank, has
returned from vacation in Canada
D. j. Callahan, jr., assistant cashier OF
the institution, also has returned from
his vacation.
Hans w. Ireland, assistant treas
urer of American Security g. Trust Co,
Is back at his desk after vacation ir
Southern Maryland.
Fred L. Lutes, cashier of the Subur-
ban National Bank of Silver Spring
Nd, has been appointed treasurer OF
the campaign which starts September
19 to raise funds for Montgomery
County General Hospital Mr.. Harry
Hoskinson of Germantown, chairman
OF the campaign, who announced Mr.
Lutes' appointment, stated that all
funds received by the district chair
men should be forwarded to Mr.. Lutel
for deposit.