Evening star., 1939-06-19

American Secur- 'SsSSSSSS'ss*"
ity & Trust Co.; Richard W. Hill
John E. Monk, Bank Of Commerce
g. Savings; Samuel R. Carpenter,
John F. English, Laurence H. Jones
and Frederic Solomon with the
Federal Reserve Board; Kenneth o.
Hulse. Hamilton National; Daniel J.
Callahan jr; John M. Christie,
Henry K Dierkoph and Charles R.
Fadeley. Riggs National; Willard G..
McGraw, Union Trust Co., and VIM
cent A. Sheehy, jr.. Washington
Loan g. Trust Co.
Richard w. Hill, registrar, said
today that the resident session
would be attended by $40 bank Off
GERS representing banks in 80 States
There will be 227 in the entering
class, $50 second-year students and
172 in the class which will graduate
on June 30.
In addition to classroom work the
students will listen to evening lee
lures by Leonard P. Ayres vice pres
ident of the Cleveland Trust Co.;
Dr. Everett Dean Martin of Clare
mont College, Claremont, Calf, and
DR.. Paul F. Cadman. president of the
American Research Foundation, San
Francisco.
$4,000 900 Equipment Outlay.
The Capital Transit Co, in sum-
ming up progress made in the last
five and one-half years, says in
the company introduced the weekly
car and bus pass, over 100000
having been sold, rides per passen-
ger averaging "a; bought 153 new
streamlined cars and ATS new buses,
costing over $4,000 900; reconditioned
so cars at q cost Of 1898 900 and
stepped up the number of cars and
buses in service in rush hours from
TAO to 100. an increase of 49 per
cent.
For employment, in the same pc
fiod. the company has furnished
steady work for $500 to $500 men
and women. added nearly 1000 peo-
pie to its payroll since 1888, raised
average pay per year-from S1.36o
In 1884 to s1672 in 1898, an increase
of % per cent. disbursed total pay
roll of s42l6Oo0 in 1884, 500 900 in
1898.
For business the company has paid
out more than S30,0OOOO0 in wages
in the five and one-half years, spent
nearly $2,000000 in track rerouting
to make a better co-ordinated trans
portation system, transported $50
600 people daily to and from homes,
stores, offices and theateTs
For Government, paid taxes to
District of Columbia and Federal
Governmental 1884, S576.o74; in
1888. s974,255-in the five years,
1892, 1874.
For stockholders, paid one divi-
dend of per cent in one year,
1884, amounting to s240,o0o.
Sharp First-Quarter Gains.
In the first quarter of 1889 sales
of passenger automobiles in the Dis
trict of Columbia were 55 per cent
ahead of the same period a year ago,
gasoline consumption was up per
cent, household refrigerator sales 5
per cent, ordinary life insurance
sales II per cent. value of checks
drawn 7 per cent, electric power
output 81 per cent and heavy con-
struction 278 per cent. according to
summary just published by Busi-
ness Week covering the whole coun-
try
Maryland also made a fine show
Ing, passenger car sales being up 56
per cent, gasoline consumption }
per cent. refrigerator sales 38 per
cent, life insurance 10 per cent,
checks drawn 2 per cent. Farm in
come was off per cent, power out
put up 3 per cent and heavy con-
struction 81 per cent.
Virginia reported a 20 per cent
gain in car sales, per cent in gas
consumption, 36 in refrigerator sales,
II in life insurance, I per cent in
the value of checks drawn and a II
per cent drop in farm income. Elec-
trio power sales were up 9 per cent
but heavy construction fell off 6
per cent.
The largest gains in the South
Atlantic territory were 50 per cent
in auto sales and 81 per cent iii
heavy construction, the summary
says.
Commerce Experts to Speak.
Undersecretary of Commerce Ed
ward j. Noble, Henry Chalmers and
Amos Taylor of the Bureau of For
eign and Domestic Commerce, are
attending the third biennial con-
ference on Canadian-American
Affairs, at st. Lawrence University,
Canton. N. Y, which opened four
day session today. All will make
addresses. Another speaker will be
Senator Elbert D. Thomas.
Fred I. Kent, director of the
Bankers Trust Co., New York, and
a close friend of several Capital
bankers. will be chairman of a dele
cation to represent the American
Bankers Association at the Interna-
tlonal Chamber of Commerce meet
ing in Copenhagen, June 26 to
July /.
Heard in Financial District.
Lynn Q. De Lashmutt. assistant
AiolldSCI VI Vic dIuleIS ana Me-
chanics Branch of the Riggs Ma
tlonal Bank, in Georgetown, is
taking his annual vacation.
Chairman Leo T. Crowley of the
Federal Deposit Insurance Corp. will
address the Michigan Bankers As
ISOLATION next Thursday at Detroit.
The first sale in many moons in
Norfolk & Washington Steamboat
Co. stock was registered on the Wash
ington Exchange today, five shares
moving at go. The market closed
with SIS bid and IS asked.
American Telephone, Carpet Corp,
Peoples Drug Stores common and
Woodward & Lothrop common and
preferred are being quoted ex
dividend, the usual dividends to be
paid in few days.
Brokers here were pleased with
the better opening on the New York
Stock Exchange today, although the
uN1t1yeo of fro dino r,o G for lace than