Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-10-16

i 3AsSo NSoNe&y
at the Mayfower to make final
plans for the annual event. Spe-
cial guests will include. Govern
ment officials who are tn close
touch with the building and loan
field.
Store Sales Again Lower.
Washington department store
sales for the week ended October
8 were down 10 per cent from the
same week a year ago, partly due
to hot weather. the Richmond Re-
serve Bank reported, and were off
II per cent from the previous
week this year.
These decreases were not as
heavy as in the week of October
l, the report showed. Cumulative
sales for the four weeks ended
October 8 ran per cent under
last year, again 9 per cent for the
fifth district.
Sales in the fifth district were
down Is per cent for the week
compared with a national average
drop Of IL per cent.
Earnings Reach New Peaks.
Lincoln Service Corp, indus
trial banking firm. showed earn
ings Of $10.48 per common share
in the nine months ended Sep
TENDER 80 against $9.05 q share
in the like 1948 period, according
to statement issued yesterday.
Net income amounted to $780,
557 compared with $327,724 a year
ago. Operating income this year
reached $1,295.1 compared with
$1,072,644 in 1948. Earned sur
plus at the beginning Of the year
was $729,962 against $1.01o,588 at
the end Of the period. all new high
records, President Delmar stated.
The second annual orchid ex-
hibit Of the National Capital
Orchid Society will take place late
this month in the lobby Of the
American Security & Trust Go.
The exhibition attracted very
wide attention last year.
The annual Babson Business
Conference will take place at the
Willard Hotel tomorrow, starting
at 2:30. Officials from the head
Office will talk on the outlook for
stocks, bonds, commodities and
general business, with a question
period as a special feature.
Busy Week for Meetings.
statistical Control Methods
Applied to Customs Problems"
will feature the October meeting
Of the Washington Statistical So
ciety, tomorrow evening at George
Washington University.
The Institute of Certified Pub
lie Accountants will meet at the
Mayfower Tuesday evening. Carl
w. Tiller and Clark L. Simpson
will speak on Government budget
ing and accounting. Robert S.
Brumagin will preside.
I. Wayne Keller, assistant con-
troller of the Armstrong Cork Co.,
will address Washington Chapter,
National Association of Cost Ac-
countants, at a dinner meeting
Wednesday night at the Sheraton
Hotel, on Lets Put Standard Costs
to Work." A forum will be held
tomorrow in the La Sale Building
The National Office Manage
ment Association will have it's
second fall dinner meeting at the
Dodge Hotel, Tuesday evening.
Terry McAdams, Department of
Agriculture, will speak on office
Layout and Arrangement"
Heard in Financial District.
Malcolm G. Davis, just elected
a trustee Of the New York Saw
lngs Bank. is vice president of
Gilbert Associates, Inc, interna-
tional engineering firm, and the
son OF Herbert L. Davis, Wash
ington attorney. He was. edu-
Gated here and was graduated
from the Massachusetts, Institute
OF Technology before he was 81
years of age. His father has been
on the Riggs National Bank ad-
visory board for many years.
Alfred E. Lampe, American In
ternational Underwriters Corp,
has been named lecturer for the
new class in property and cas-
ualty insurance at George Wash
ington University.
Revival Of Christmas Savings
Clubs by the Second National
Bank recalls the days when
Washingtonians saved around
100000 year for holiday uses.