Evening star., 1943-12-14
Able Men Head Committees.

In his recent selections of chair
men for the various committees Of
the Investment Bankers Association
John Clifford Folger of Washington
president, named some of the ableSt
men in the business. His selections
included:
Education-Julian H. Collins, of
Harris, Hall g. Co., Chicago; Fed
.ral Legislation John x. Stark
weather and Stewart S. Hawes, CO.
,hairmen, both of New York; FL
aance-John E. Blunt, III, of Lee
Higginson Corp, Chicago; Federal
TaXation-Richard P. Dunn, Wash
ngton.
Governmental Securities-Jay N
Nhipple, of Baker, Whipple & Co.,
Chicago; Group Chairmen - Albert
H. Gordon, of Kidder, Peabody, New
York; Industrial Securities - Perry
G. Hall of Morgan Stanley & Co.,
New York; Membership-Dean Nc
cormick, Chicago; Municipal Secur-
ties-Hazen S. Arnold. Toledo;
Railroad Securities - Fairman S.
Dick, Chicago; State legislation
George F. Moves, Chicago; Stock
Exchange Relations-R. H. McDon-
nd, New York.
Ayres Makes 1914 Forecast.
Brig. Gen. Leonard P. AyreS, vice
president of the Cleveland Trust
Co, forecasts that the Allies will de-
Ieat Germany in 1914: labor short
ages will continue until Germany is
beaten but will decrease rapidly
after that; average weekly earnings
If factory workers may be expected
70 rise steadily until the war in
Europe is ended, when overtime pay
Tor workers will decrease rapidly.
Average price Of coal will almost
surely be higher next year but the
Increases will benefit the miners
more than the operators. Whole
sale prices will generally advance
out not more than 10 per cent. The
.ost of living will be higher, some
where between 5 and IS per cent.
Commodity prices are not likely to
advance enough to constitute lnfla-
lion. Next year promises to be our
toughest year in transportation.
Volume of industrial production is
near the ceiling; steel production
will probably be we'll sustained; pro-
suction of bituminous coal will prob
,bly be higher; production of cleo
iricity will probably be higher, not
less than 10 per cent or over 20;
while national income will not differ
much from l943.
Furniture Sales Decline.
Retail furniture sales in Wash
ington stores in october were l6 per
cent under the same month last
year and were down IS per cent in
the first 10 months of this year,
the Federal Reserve Bank of Rich
mond reported today.
Wholesale trade in five leading
lines in the fifth district in October
was II per cent better than last
year, life insurance sales were up
30 per cent, bank debts 5 per cent
and 20 per cent over the preced-
ing month this year.
Building contracts awarded in the
fifth district were 81 per cent under
last year, but building permits issued
we're 50 per cent ahead of the like
1912 period.
Cash farm income in the first
eight months Of this year was 43
per cent ahead of last year, but de-
clined 20 per cent during September,
reducing the gain to 20 per cent be-
cause of lower income figures on
cotton and tobacco. Indications are
that 5th district crops will have
about the same value as last year,
the review says.
Carpet Corp. Pays Dividend.
The Carpet Corp, food d.stTibu-
ton company, today paid the regular
quarterly dividend Of so cents per
share to stockholders Of record on
December 8. The stock is listed on
the Washington Stock Exchange
Directors Of the National Union
Fire Insurance Co. have declared a
semiannual dividend of so cents per
share. payable December 81 to stock
holders of record December %. The
company paid 25 cents in June,
which makes the years dividend the
same as in 1912.
Garflnckel common has been
added to the list of stocks on the
Washington exchange now being
quoted eX-dividend.
Exchange Trading Picks Up.
Trading was much improved on
the Washington Stock Exchange to-
day. three opening sales being in
Capital Transit at 20, unchanged.
American Security &, Trust stock
appeared on the board at 23l. with
in a single point CG the high FOR
the year Ten shares changed
ownership.
Washington Gas IS preferred was
strong al l06. while Gas common
registered a 60-share turnover at 81
In the bond division $1,000 Cap
ital Traction SIS changed hands at
1854, unchanged.