Evening star., 1948-12-19

~. aFy ls,Is{ss Is lses; he ne X
Episcopal H ig h
School in Alex r. G. Hunter.
andria, and the Universities of Vir-
ginia and Georgia. He entered the
brokerage 20 years ago in Savannah,
later serving the Atlanta. Richmond
and Oklahoma City Offices OF the
Merrill Lynch firm.
Mr.. Hunter is closely identified
with civic affairs in the Capital. He
is member of the Board of Trade,
Kenwood Country Club, Bond Club,
University of Virginia Alumni Asso-
citation and other organizations.
ID. C. Holiday Sales Climb.
The Richmond Reserve Bank re-
ported yesterday that department
store sales in Washington for the
week ended December II ran 6 per
cent ahead of the comparable week
a year ago and scared % per cent
ahad of the previous week this year.
In the four week period ending on
the same date, cumulative sales were
unchanged from last year.
Sales in the Fifth District were up
3 per cent over last year and % per
cent over the preceding week. The
upward trend in the Capital and the
Fifth District showed a reversal
from the previous week when sales
were tagging behind last year.
Washington merchants reported
yesterday that Christmas trade dur
ing the past week was better than q
year ago. They now predict that
total holiday trade will exceed the
alltime 1947 record. In only two
recent weeks have sales shown q
decrease from last year.
The Reserve Boards latest review
states that 1948 sales in the Fifth
District through December II were
3 per cent ahead of 1947.
Marvin's to Pay Bonus.
Marvin's Credit Department Store
will distribute bonuses to all em-
ployes, each employe with the store
over year to receive a weeks salary
and other in proportion to the
length of service.
In addition to the Christmas
bonus, store officials announced that
on December 81. IS employees will
divide a pension profit-sharing fund
of s46,423.
Publishers of the Financial World,
have declared dividend of $40 per
share on the capital stock, and in
addition authorized a cost of living
bonus and a profit sharing distribu-
ton
Woodward & Lothrop department
store will pay extra Christmas
to $500 employees next
Amounts will be based
on length of service.
Basing Point Mason's Topic.
Lowell B. Mason, member OF the
Federal Trade Commission, will be
the guest speaker at the December
meeting of District of Columbia
Control, Controllers Institute Of
America, at the Carlton Hotel Tues
day evening, his subject being the
Impact of Basing Point Decision
on Distribution"
Commissioner Mason was appoint.
ed to the board in 1945 and has
made notable contributions to busi-
ness laws by his common sense
opinions" in which he has often
disagreed with his colleagues. He
recently gained national attention
by his opposition to the Supreme
Courts "basing points" decision.
Truckloadings Show Gains.
The Washington Office of Amer.
ican Trucking Associations, Inc, re.
ports an all-time high in truckload-
ings for October. Returns from 300
motor carriers in SO States showed
the volume of freight transported
as up % per cent from the previ-
GUS month and 18 per cent ahead
of october, 1947. Carriers in this
territory noted gains of about 26
per cent.
Louis F. Flagg, for many years
with the Washington Office of the
Minneapolis Honeywell Regulator
Co., has been named eastern
regional service and installation
manager for the company with
headquarters in New York. He is
a graduate of the University of
Maryland
Some Washington banks have
hn
observe late hours next Friday,
Christmas eve. Others will be open
as usual late in the afternoon.
Daugherty Takes New Post.
Edward A Daugherty, assistant
director Of the actuarial service Of
hte Veterans Administration, has
been elected assistant actuary of the
Union Central Life Insurance Co.,
Cincinnati. A graduate of Williams
College, he entered the insurance
business in New York in 1881. In
the Navy during the war he was
assigned to special insurance service.
One of the investment services
estimates that the Washington Gas
Light Co. will earn about So share
on the common stock this year.
Terminal Refrigerating & Ware
housing Corp is distributing another
in its series of historic calendars,
this one depicting Washingtno lay
ing out the Military Academy at
West Point.
American Airlines will transfer
the training of steWardesses from
New York and Ardmore, Okla, to
Chicago. Space has been secured
in $3,000,00O hangar at the Chi
cago Airport.
Bethesda Bank Votes Extra.
The Bank of Bethesda has voted
the regular semi-annual dividend
Of 8 per cent and an extra of l per
cent, both payable January 8 to
stock Of record December II; also
the usual Christmas bonus. The
Christmas party will be held at the
kenwood Country Club Wednesday
night.
Now Ynvk Cation