Evening star., 1942-07-16

University Law School, he is .
member of the District bar.
Mr.. Yeatman was given his new
ofYice at the meeting at which reg
ular quarterly dividend OF 81 PEI
share was declared.
Farm Meetings Postponed.
Pending the vote of $500 mem
bers Of local advisory boards and
boards of directors Of afnliated Co
operatives in Virginia. Maryland
Delaware and West Virginia, South
ern states Cooperative has post
poned the holding Of approximately
800 patrons meetings scheduled for
this summer, w. G.. Wysor, general
manager, announces.
This move seemed necessary, Mr..
Wysor explained, in the light OF
present war conditions. These
meetings are ordinarily attended
bv from 6o,O0O to 10000 farm peo-
pie. Board members are elected
and matters OF policy are DECIDED;
Cancellation Of the meetings would
freeze control Of the organization
where 1t now stands. Consequently
the results Of the decision by board
members who represent the CO.
operatives 128. 900 members VIII be
far reaching.
The votes will be counted July Is.
Installment Credit Lower.
1nstallment accounts receivable
of department stores fell of 7.8
per cent during May, decline very
similar to the drop in charge re-
ceivables. The Department OF Com
merce index of instailment accounts
receivable moved from 99.6 at the
close of April to 9l.8 at the end OF
May. Last year during May re-
ceivables increased 1.6 per cent.
As Of May 81, department store
installment receivables were Ill
per cent below receivables on the
same date . year ago.
Installment account collections
during May amounted to 22.0 pei
cent OF balances outstanding at tne
beginning Of the month.
Controllers to Hear Alvord.
Ellsworth G.. Alvord, Washington
tax attorney, will address the Con.
trollers' Institute OF America at th'
annual convention In Chicago II
September, it was announced today
Representative John w. Boehne alst
is on the program. Cooperation
with fhe War Program" and Post
War Controllership Problems" vii
be featured.
President Victor Cullin of th'
Financial Advertisers Association
SAYS the fall convention was can
celed in order to help reduce railroad
travel and because TOO members o
the association are giving special at
tention to the War bond and stamI
campaign being conducted by thu
banks. which are said to have
handled IS per cent Of the sales II
date.
Eliot H. Thomson, Washington
Loan IL Trust Co., and Robert [
Flather, American Security & Trus
Co., are members of the association
Senior Advisory Council.
War Bond Sales Increase.
Bank officials said today that sale
of F and G War savings BOND
have increased rapidly so far thi
month, one reason being the fac
that the limit on purchases of thes
bonds was raised on July l fror
$4,000 to 100000. Large investor
have been adding to the $4,000 pur
chases which they made during tn
first half year, bankers stated.
In his monthly letter to the Ma
tional Association of Credit Mer
Henry H. Heimann, managing direc
tor, urges the purchase Of Wa
bonds for their investment valu
and to meet postwar conditions
They help pay for the war, contrib
ute toward the anti-inflationar
program, and represent securit
that yields satisfactory interes
cannot depreciate in price and ha
the backing of the United State
Government, the credit officis
points out.
Gas Stock Sells at New High.
Washington Gas Light IS preferre
stock, recently listed. sold at 1927
on the Washington Stock Exchang
today, up q, and a new high sine
the stock was put on the board. TIE
shares changed hands. The I'm:
bid was l02, with l03 asked.
The exchange was notified toda
of the Lanston Monotype reguls
quarterly dividend of rs cents pt
share, payable August 81 to share
holders of record August 81.