Evening star., 1940-05-03
LanstOn Officers Elected.

April ------- 705,744 664231
Total - s27o3,187 S2,57447C
Lanston Officers Elected.
j. Thilman Hendrick of this city
was reelected chairman of the
Board of Directors of the Lanston
Monotype Machine Co. at the Or
ganization meeting yesterday anc
all other officers were retained in
office, as follows:
Harvey D. Best, president; T
Frank Morgan, executive vice presi-
dent; John l.. Meadth, vice presi-
dent; John A. Ferguson, secretary
Allen R. Fretz, assistant secretary
Wllfred Bancroft, treasurer anC
general manager; Harvey w. Monks
assistant treasurer; A. E. Pagola
vice president, export department
and Frank J. Roderick, vice presi-
dent, Barrett division.
The company expended for patent
and Improvement accounts total
of S117,363 during the year. Earned
surplus on March i, 1899, totaled
S3,457 7463 and on February 20. 1910
amounted to s3,322.367 The report
showed total assets OF $8,657,797 80
Sharp Tourist Gains Seen.
The keystone Automobile Club
has announced a broad expansion
program covering virtually every
phase of its activity.
This program, already under way,
calls for an increase in personnel,
expansion in touring, information
and service facilities; initiation of a
number OF important engineering
surveys designed to improve local
motor transport, and intensified trf-
flc safety efforts.
The club is convinced that travel
volume in this area will reach new
and permanently higher levels as a
result of conditions both here and
abroad
Announcement of the program
was made Jointly by j. Borton
Weeks, president; j. Maxwell Smith,
general manager; George E. Keneipp,
Southern division manager, and
AuuIlCl ". 0lCN al ", Slldll llldll VI tl1e
Washington Advisory Board.
Financial Yearbook Appears.
Facts and Figures on Washington
Securities" published by Y. E.
Booker & Co., was being distributed
in the financial district today. This
is the 14th edition and is the most
complete and informative yet COM
piled.
The investment firms publica ton
is the largest to date and contains
rs pages devoted wholly to Wash
ington securities. Included in the
book for the first time are all the
facts about Julius Garfinckel g. Co.,
Inc, which last year took over the
retail merchandising business estab-
lished by the late Julius Garfinckel
back in October, 1895.
The yearbook also gives full in
formation about the Washington
Railway & Electric Co.'S participat-
ing units in connection with the
special dividend declared by the
North American Co. last December.
These units have been actively
traded over the counter and have
risen from low of 18 to %.
Earnings on all other important
Capital securities are brought up
to date, much space is given to the
public utilities and special atten-
ton paid to bank stocks. The in
formation was compiled by Myles
H. Quail, who long has been con-
nected with Y. E. Booker & Co. and
is member of the Washington
Stock Exchange.
Bankers Wives Hold Luncheon.
Mrs. Ord Preston, wife of the
president of the District of Colum-
bia Bankers Association and chair
man of the Ladies Committee for
the forthcoming District of Colum-
bia Bankers Association conven-
ton to be held at Hot Springs June
6 to 9, entertained at luncheon on
May 2 at her residence, 1922 R
street NV, members of her COM
nittee.
Those present included Mrs. A
M. McLachlen, vice chairman; Mrs
Willard G. Barker, Mrs. T. Stanley
Holland, Mrs. Hllleary G. Hoskin-
son Mrs. S. William Miller, Mrs
A. Scott Offutt, Mrs. John A. Reilly
Mrs. William B. Willard and Mrs
Stanley D. Willis.
Bonds Make Fine Showing.
Holders of Washington Audi
torium first IS are now presenting
coupon No. 81 for payment at the
Office of the American Security &
Trust Co., the trustee.
Payment of this coupon calls at
tention to the fine comeback made
by these bonds in the past two or
three years. Following the con-
struction of Continental Hall by the
D. A. r., the bonds dropped in price
until they were near the vanishing
point.
Then came the turn in the audi.
torium's affairs. The auditorium
was leased to the Government ane
the bonds started an upward move
They are now quoted in the financia
O1oulAS al OIlllO ~ pll dllu 90 dShCO
quotations which have caused 6
great deal of favorable comment
among the many Washington
holders.
Today's Trading on Exchange.
Lanston Monotype opened on tn
Washington Stock Exchange toda.
with a 30-share sale at 20 ant
closed with so and 20 shares sell
ing at 2512.
Capital Traction SIS registered an
other $1,000 transfer at 1919 an,
Chevy Chase Club 414s appeared Of
the board in a $4,000 transfer a
1041s.
Single shares of Potomac Electri
Power 512 per cent preferred cam
out at 1l412. Mergenthaler close
with 16 bid and 1875 asked.
United Air Lines has notified tn
Civil Aeronautics Authority of it
intention to apply for authority t
operate air mail, passenger and ex
press service between Washington
n n and To1a6o Nhin