Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-04-17

A. Scott Of Mr. Norris
fut. vice president Of the Unioi
Trust Co. and also a past presi
dent. is vice chairman. MINI
other members are all bank presi
dents and among the leaders IL
Capital banking. They are:
Francis G. Addison. jr.: Bruc'
Baird, Daniel w. Bell. Clarenc,
r. Burton. Robert v. Fleming
Thomas ]. Groom, Lanier p. Nc
Lachlen. John A. Reilly and VII
mer ]. Waller.
Washington department stor'
executives said last night tina
signs indicate Easter trade vii
equal last year and come clos.
to setting new records. Figures
were not available. There wa!
q tremendous sales rush during
the final week. aided by excep'
tional weather, they said.
The Richmond Reserve Bani
reported that department stort
sales in Washington for the weel
ending on April 8 were 81 pei
cent ahead of the same week q
year ago which was after Easter
Sales were also 7 per cent aheae
Of the preceding week this year
In the four weeks ending Apri
9 cumulative sales were up
per cent, the review said.
Shantz Joins Jones Staff.
Robert c. Jones g. Co. an
nounced yesterday that Warner
S. Shantz has become associated
with the firm in the branch offict
in Silver Spring. Mr.. Shantz ha'
had Is years experience in thu
investment field. He started II
the brokerage business in 1922 II
the Washington Office OF Harri'
man & Co.. a New York Stock Elk
change firm. In 1888. he became
affiliated with AuchincloSs. Park
er & Redpath. where he has beer
for Is years.
District Building and Loar
League members and their Execu-
tive Council will hold o combined
meeting Tuesday noon at the May.
flower Hotel. The date was
pushed up a week because Of the
regional conference to be held al
Old Point Comfort. April 24-27.
The April meeting Of Washing.
ton Chapter. Society OF Residen.
tial Appraisers. will be held to.
morrow at $50 pm. at the Let
Sheraton Hotel with James d
Skinner, william M. Moller anc
Glenn Stalker as speakers.
Contract Signed by TWA.
Trans-World Airline has con.
tracted for q national newspaper
advertising campaign Of a con.
secutive weeks. it was announced
yesterday. This Ii said to be thu
first time any advertiser In thu
aviation industry has used news
paper space in key markets Will
such . high degree Of frequenc!
and continuity. The contract wa
made with American Newspaper
Advertising Network, Inc.
American Airlines stopped al
previous records in the volume o.
air freight carried in March. A
the same time, passenger mile.
rose substantially. Air expires!
declined.
Joint Program Announced.
Speakers were announced yes
terday for the joint sales congress
of Washington and Baltimore, lif,
insurance leaders. in Baltimore
next Thursday.
Speakers will include Karl II
Kreder. assistant vice president
Metropolitan Life Insurance Co.;
j. Edwin Larson. president Ma.
tional Association Of Insurance.
Commissioners; Richard e. PILE
director Of agencies, Mutual Ben.
eft Life Insurance Co.. and Pau
r. Clark. president and chairman
of the John Hancock Mutual Lii.
Insurance Co.
The District Life Underwriters
Association will send q large dele.
CATION to the all-day session.
Bond Support Pledged.
Washington Chapter, Nationa
Association of Cost Accountants
has pledged full support to tn,
United States Savings Bond driv'
which opens on May 16. The Dis
trict's quota is sl2.000.000.
The chapter will be addressed
at the monthly meeting. Wednes
day at the Burlington Hotel. b!
w. A. Dolph. plant control man
ager of the International Bust
ness Corp. on Uses OF Punched
Cards In the IBM Plant"
The Potomac Electric Power Co
has announced that holders 81
common stock will be entitled Il
subscribe for the new stock at tn,
rate of one share for each fiv'
shares now owned. The new issu.
is to be $500 $50 shares subject Il
PUG and SEC approval. The com
pany also proposes the sale o.
$40. 000. 900 In bonds.
Two recent reviews and mor'
active trading on the Washington
Stock Exchange have brought
Peoples Drug Stores stock into tn.
limelight. From one store ant
s., 900 capital In 1905, the com
pany now has 40 stores and $l0.'
500, 900 capital.