Evening star., 1947-09-07
Committees Named
For Fiduciaries Unit
OF D. {. Bankers
By Vincent DIVER

w. stuart, Union Trust co.
Trust Investments Committe.
Nelson Foster, chairman, Nation,
Savings and Trust Co.: William
Simmons, Liberty National Banl
Frederick L. Church, jr., Riggs Ns
tional Bank; M. e. Quigley, Ne
tional metropolitan Bank, and Free
erick J. Burrell, National Saving
and Trust Co.
Taxation Committee: Miss Mi
dred E.. Foy, chairman, Riggs Ns
tional Bank; Henry w. Bransol
National Savings and Trust Co
Ralph w. Howard, Riggs Nations
Bank: Miss Mary L. Chadwicl
Washington Loan & Trust Co
John E. Sumter, American Secruit
and Trust Co., and J. L. Sheldol
National Metropolitan Bank.
Standardization Committee: Fran
M. Perley, chairman, American s.
curity and Trust Co.: Aubrey {
Dooley, Hamilton National Banl
Bernard L. Amiss, Washington Loa
& Trust Co.; Thomas H. Reynold
National Metropolitan Bank;
Fontaine Hall, National Saving
and Trust Co., and Robert P. Hill
Riggs National Bank.
Trust law and Legislation Con
mittee: Edwin B. Shaw, Chairman
Riggs National Bank; Lester !
Lawrence, National Savings g. Tru!
Co.; william 8. French, jr., Amel
ican Security 81 Trust Co.; ]. Wesle
Clampitt, jr., Union Trust Co.; Hen
ry H. Lefferts, Washington Loan {
Trust Co., and Henry K. Dierkopl
Riggs National Bank.
The Legal Bulletin. issued I
members OF the section PERIODICAL,
will be edited by Herman G. Laute
of the National Savings & Trust O.
Assistant editor will be August
Henze OF the Union Trust Co.
Thomas Grant, jr., of the Unio
Trust Co., has been appointed his
torian Of the section.
Capital Airlines Loss Cut.
Capital Airlines had q net loss {
$196, ,657 in the second quarter thi
year after deductions of $575,2l6 fc
depreciation and $217,206 for non
operating charges, c. Bedell Monr,
airlires president, announced yes
terday.
The company, however. had a
operating profit of $1s,549 for tn
second quarter and the net loss wa
considerably less than the $2,331 go
loss in the first quarter Of the yea
Most OF the second"quarter i'm
provement was due to increase
passenger traffic. Operating revenue
in the second quarter were IS, 1868, IL
with passenger traffic accounting fe
a, ,244.832 of the total. Operatin
expenses were $5,34S, ,582.
For the first quarter operating rev
enues were 81, ,253 1863 with passenge
trafIic accounting for $2.229, ,472. OF
Grating expenses were $5,549,51S.
Mr.. Monro said operating expens.
were Sill 900 less in the secon
quarter than in the first in spite {
the fact that the company fie
1000, 900 more revenue miles ar
carried 10000 more passengers
the second quarter.
Underwriters Going 10 Conclave.
william B. Rumple. president
the District Life Underwriters Al
sociation, will head q large delegs
ton of Life Underwriters to be hel
In Boston Tuesday through Thurs
day.
The capital group is especially ir
terested in the convention this yes
because one of the members,
Cochran Fisher OF Aetna Life, Is
candidate for one of three vacanci'
on the Board of Trustees Of the ns
tional association.
Members of Mr.. Fishers campaie
committee who will attend the cor
vention are George A. Hates, Eide
ity Mutual; J. T.. McCombs, Berl
shire; John D. Marsh, Lincoln M
tional: Paul D. Sleeper, Aetna
Charles w. ODonnell. Guardia
Life; Raymond A.. Dufour, Pacif
Mutual, and William ]. McCauslan'
Acacia.
Hecht Co. Sales Top 1916.
Sales of the Hecht Co. for tt
six months period ending July
were 90 per cent over the sal'
for q similar 1s46 period. Sales Il
the six months were $31 800. II
against 2s,137,4 for the lii
1916 period.
Moses s. Hecht, board chairmal
reported to stockholders that tt
company operated at lower gro
profit and with higher operatir
costs than in the 1946 perio
Profits of $l,l4e,3s5 for the 49,
period were one-third less than tt
$1.536,67s for the six months
last year.
The company expects to open
store In Silver spring IN NoVeIi
Der, Mr.. Hecht said.
Trade Lag Reported.
Washington Department Stor
sales for the week ending Augu
80 were I per cent below the salt
for the similar week last year, b
10 per cent above sales for Il
week ending August 23, 1947, IL
Federal Reserve Bank of Richmor
reported.
Throughout the 5th District, sal
for the week were l3 per cent belo
sales for the like week last yet
and Is per cent above sales II
the preceding week.
Sales for the four weeks endir
August 30 were per cent below Il
four similar weeks last year
Washington.
Tobacco Markets
RALEIGH, N. c., Sept. 8 R.-Pric
on the Eastern North Carolina 0ue-cur
na rket today remained fairly 6rm wi