Evening star., 1945-05-13
Hecht Co. Sales Show
1876 Per Cent Gain
Over Year Ago
BY EDWARD C. STONE.

SaleS OF the Hecht Co. for the
three months ended April 80 totalec
$l1,l10,3 1888, in comparison with &c..
778,42l in the same three months q
year ago, an increase of S1,331,912
or 1876 per cent, it was announced
yesterday.
Hecht common stock, which is
widely held in the Capital, has been
rejecting the sharp sales improve
ment, having reached new high OF
23H on the Washington Stock Ex-
change during the past week and
selling up to 24A in New York
Earlier in the year the stock sold
at 81.
EasOn Heads Loan League.
George M. Eason of Los Angeles
was elected president of the Nationa
Savings and Loan League, trade or.
ganlzatlon of the building and loan
business, in mail balloting an
nounced at the meeting of the Board
OF Governors at the Hotel Statler
yesterday. He takes Office on June 4
Raymond P. Harold, Worcester;
Mass, and Curtis F. Scott, New Or
leans, were elected vice presidents
and John S. NJ Glidden, Natick
Mass, secretary. Nineteen members
of the Board of Governors also were
elected. Oscar R. Kreutz is execu-
tive director of the head Office here.
The four-day conference ended
yesterday, one of the closing speak
erS being Francis Pavesich of the
Veterans Administration, who re-
ported that 6,370 home loans under
the CT Bill of Rights have been
approved by the bureau This will
mean a large amount of new busi-
ness for the loan associations, he
said
War Bond Contests Planned.
With the Seventh War Loan cam
palgn opening tomorrow, officers
and employees of the Capitals build
ing and loan associations have COM
pleted special plans for obtaining
quotas set by the District of Column
bia War Finance Committee Sew
eral associations have organized
their staffs into teams to push the
sale of Series E Bonds harder than
ever
Perpetual, Columbia Federal and
American Building Associations will
open employees contests tomorrow
which will continue to the end of
the drive, June 30. The associations
will make liberal use of newspaper
advertising space, direct mail and
radio. Meeting the E Bond quota
will prove much more difficult than
the $10,000000 quota which the as
sociations will be asked to buy for
their own portfolios.
Store Sales Below 1914.
The Capitals department store
sales for the week ended Saturday
May 5, were per cent below the
same week year ago, same as in
the fifth district, the Richmond Re-
serve Bank reported yesterday.
Sales, however, were 5 per cent above
the preceding week this year.
Cumulative sales in Washington
In the four weeks ending May s.
were 3 per cent higher than a year
ago and up 5 per cent in the fifth
district, the report said. At the
same time the Federal Reserve
Board reported that sales in the
Richmond district from January /
through May were 10 per cent over
last year.
Koontz Heads Anacostia Bank.
w. L. Koontz, for several years
president of the Anacostia Bank,
was reelected at the annual meet
ing held during the past week. Serv-
Ing with him are S. William Earn
shaw, vice president and cashier; L.
w. Thompson, vice president: Har-
old w. Rocker, Allen H Cannon and
Carl A. Steele, assistant cashiers,
Mr.. Steele being advanced to fill a
vacancy.
Present directors include F. T.
Campbell. R. U. Cooper, George T.
Curtis, Walter L. Fowler, Nathan S.
Healy, Mr.. Koontz, C.. Bayne Mar
bury, George S. Maier, j. Raymond
Pyles, Ernest j. Reed, Elmer M.
Smith, George B. Stevens, L. w.
Thompson, Robert Thompson, Irv-
ing B. Yochelson.
Eighty Corporations Covered.
The 10th edition of Facts and
Figures on Washington Securities,
put out by the Washington Office of
Alexander Brown & Sons, got a
big welcome in the financial district
yesterday. The booklet contains go
pages of data on more than 80 of
the city's leading corporations.
Much information is given on the
public utilities and the city's 81
banks and trust companies The
new Capital Transit 40 bonds and