Evening star., 1942-06-19

w y IL II . sO-@
Lewis Z. Thomas. Chapter, Ameri-
ean Institute OF Banking.
Mr.. lWhitcraft, new section chair
man, Is a native OF washington AT,
tended the public schools, started
his banking career as o runner IN
1917. advanced rapidly and has never
been with any institution out Riggs
Bank.
Jack n. Wild, Washington Loan
a. Trust Co., was elected member
~ IN. Executive Council. Among
xnecial guests introduced was MIS-
Gertrude wicks. president OF the
psnk Women's Club. William M.
Harris, in behalf OF the section
presented Mr. Thomas with hand
sorne suitcase in appreciation OF MS
fne years service.
DEPARTMENT store Sales Gain.
Sales in washington department
stores for the week ended last Sat
urday. June Is, were Is per cent
higher than in the same week a
wear ago. the Federal Reserve Bank
of Richmond reported TO-DAY. Inc
rain in the previous week, enoeo
June 6, over last year. was II per
cent. ,.
sales in the fifth district were
nm IA per cent. gained per cent IN
baltimore and 5 per cent in group
of other cities, compared with last
year.
this wear, sales in the Capital
showed a 7 per cent drop. They were
down 9 per cent In the fifth dis.
trict. per cent in Baltimore, and
ls per cent in the other reporting
cities.
Cumulative sales in the four weeks
ended June 13 were IL per cent
higher in washington than last
wear. They were up 7 per cent In
tine whole District, and per cent In
baltimore and the group OF otner
cities, the report said.
Half Years Interest Voted.
Directors of Washington Proper
ties. Inc, meeting Wednesday, de-
elared interest for the six months
fiscal period ended April 80, at the
rate of 515 per cent on the $685.
500 principal amount of the Com
pany's General Mortgage Income
Bonds outstanding.
Checks will be mailed on August
1 by the Central Hanover Bank d
trust Co. of New York, pay
tnr agent, to the bondholders OF
record at the close of business July
10, 1t was announced to-day.
Four Dividends Declared.
Directors of the Lincoln National
Rank have declared semiannual
dividend of $3.50 per share and q
special dividend of $3.50 per share,
President Floyd z. Davis announced
TODAY. Both are payable on july l
to stockholders of record June ~:
The same dividends were PAID at
this time last year.
Directors of the Columbia Title
Insurance Co. have voted semi
annual dividend of 8 per cent, pay
able June 80 to shareholders OF
record June 20, 1t was announced
today.
Directors of the Real Estate Title
Insurance Co. have declared semi
annual dividend of per cent, pay
able June 30 to stockholders OF
record June 20.
The Liberty National Bank Board
has declared a regular dividend OF
s3 per share due at this time, Presl-
dent M. F. Calnarl reported today.
Payment will be made June. 80 10
stockholders of record June 23.
Financial District Comment.
President Richard A. Stout an
nounces that the Morris Plan
Bankers Association has Cancelled
the 23d annual convention set for
Absecon, N. j., due to war conditions.
The House Ways and Means Com
nnittee is considering the possibility
of 2-cent tax on checks among
other methods for increasing rev.
enues.
d. c. Exchange More Active.
The Washington Stock Exchange
was more active today. Peoples
Drug Stores common sold at 1914,
ex-dividend, on . 20-share turn
over.
American Security a. Trust came
out at 1872 on 20-share transfer,
and Is shares of Capital Transit
appeared on the board at 2o17, ex-
dividend. All were lower than the
last preyiyous sales.