Evening star., 1947-04-27

he-elected
=. the board wel
VIM. Montsomery. Harry Blak
James E. Collifiower, G. C. Comb
Frank T. Hines, Thomas e. Jarrel
and Howard w. Kacy. Other mem
bers of the board are Bruce Bairt
Paul B. Cromelin, E. C. Graham
Joseph H. Hines, Homer A. Hol
Cloyd H. Marvin, John T. Mean,
Joseph H. Milans, Montgomery, S.
Mooers, John B. Nichols, Marcy ]
Sperry. L. P. Steuart, Frank j. Stry
ker, Roger j. Whiteford, and Lloy
B. Wilson.
Other officers reelected were: Mr.. Kac
first vice president; Lloyd X. Crippen, viz
president and actuary; Mr.. Moores. fiel
vice president: r. B. Montgomery. viz
president; Donald F. Roberts, vice pres
Marbury. Treasurer; c. B. Hurd. associaj
general counsel; Ralph H. HeitmuIler, ger
erai controller; Dr., J. r.. B. Hutchinso
advisory medical director. '1 . "''Ho'
MT. Montsomery announced appoint
msnt nlsta Of these offiesrs; A. B. Amber. jr 2.
sistant secretary K, s. Carper assistar
controller, T.. D. Cochran. assistant to fel
sdGa. bcrawtord assistsI
urer; J. Arthur Ford, purchasing ageni
Otto Hammerlund, chief agency accountant
Merwin L. Hummel. MD, assistant medics
eoer assistant assispspt yf
held vice president; B. NJ Langhenry, as
sistant vice president; George Link, assis
Wsm G. B Psso af nsg,
writer: J, Myron Robson, assistant treas
urer; William Simpson, assistant actuary
thompson, assistant actuary.
Conclave Committees Named.
Walton L. Sanderson, cashier of tn
Hamilton National Bank, has bee
appointed chairman of the Trans
portation Committee and Francis I
Robey, vice president of the Ban
of Commerce & Savings, chairmaI
of the Hotel Committee for tn
June convention of the Distric
Bankers Association, S. William
Miller, president, announced yes
terday.
The vice chairman of the TRANSPORTATION
Committee is Frank NJ Perley, trust in
yestment oficer, American Security 81 Trus
60; oTher members include L. Clar
w.,
Second National:. w. Hiles Pardoe Ma
tional Savings: Horace F. Stokes, Metro
politan; George o, Schweinhaut Wash
Nsona E0aR " foFcSsan ysndoren rhom s Rgs
tional.
vice chairman of the Hotels committe
Is Ruthsrford J. Doolsy. vice presiden
ton, Other members are David Bornet
National Savings; Robert j. Boyd, Securit,
Savings: George B. Earnshaw. Metropoli
J. Roberts, Riggs; James B. Skinner. Lib
erty; Nelson NJ. Stokes. Lincoln.
Pepco's March Income Off.
March net income of the Potoma
Electric Power Co., reported yester
day to the Public Utilities Commits
sion, totaled $311 ,699, a decrease O
s11 900 or 3.44 per cent from Marcl
of last year.
Operating revenues showed a gal,
OF $142, ,486 but operating expense.
were $160,545 heavier than last year
Net income in the first quarte,
amounted to $983, ,401, decrease O.
S198.957 or 1916 per cent from tn,
like 1916 period.
Transit Has March Deficit.
Details from Capital Transit'
March report show deficit of $30..
553 compared with net income O.
Sl67 1863 in March of last year.
The first quarter statement re.
vealed a deficit of $179,85l against
a net income of $366,514 a year ago
Passenger traffic in March re.
vealed drop of 2,23S,31s riders. 8
decrease of 6 per cent.
b. e. o. Income Improves,
Net income of the Baltimore &
Ohio Railroad Co. in March totalee
S768, ,426 compared with deficit Of
S. ,649,501 in March a year ago
Freight traffic disclosed a gain o1
81 ,8o4,326 but passenger revenues
were lower.
Operations in the first quarter re.
suited in net income of 81 ,867, OIL
an increase of $9,369, ,676 compared
with last years deficit of $7,502, sos
Capital Store Sales Drop.
Department store sales in the
Capital for the week ended Apri
10 were IS per cent lower than 8
year ago. The week this year wa.
after Easter and a year ago at tn,
height of Easter trade.
The Richmond Reserve Bank re.
ported that sales were per CEN
ahead OF the preceding week thi.
year. Cumulative sales for the fou,
weeks ending on April 10 were /.
per cent lower than last year.
Cotton Expert Honored.
Gustave I. Tolson has been nomi,
mated for the presidency of the Nep
York Cotton Exchange, the election
to be held on June 2. He is now vic.
president of the