Evening star., 1949-11-13

935, ,004. exceed
=..= S|E ing $33,504.42
- in the sam
1948 perioe
Operating cost
TN. Beavers. were heavie
than last year. $33,017,381 com
pairing with $32, 2,496,978. Fedora
income taxes were estimated a
$556.771 VS.. $593,211 a year age
Dividends paid on common
stock this year etotaled $50
in comparison with $514.800 il
1948. The report disclosed a Sigh
decline in current assets an
Fifth District Business Up.
Business in the Fifth Reserv
District in September continue
the upward movement of tn
previous month, the Richmon
Reserve Bank said yesterday. Re
tail trade, building permits. con
struction awards and sales Q
furnished teh bright
est spots.
The review says the textile sit
uation showed remarkable recov
cry. with the unemployment leve
turning upward. Shipbuildin
continued downward but the gen
eral improvement kept up we
into October, the review statee
Wholesale trade among l8
Arms was spotty. Sales average
IA per cent behind last year bu
there were a number of substan
tial gains. September sales Of re
tail furniture in Washington wer
of 4 per cent from last year bu
rose 10 per cent in the min
months.
Electricity Sales Slump.
October sales of electricity
Washington totaled 129.052,91
kilowatt hours, a decrease of 7,
452. 1881 XVIII. or 5.46 per cent. com
pany officials reported yesterda!
Sales outside, the District of 80,
654,4 XVIII. reduced the decreas
to 2.25 per cent from October 1874,
The drop was mainly due to
decrease in electric power used b
railroads and railways. The chang
from street cars to buses has bee
reflected in these reports fo
months.
The Mergenthaler Linotyp
quarterly dividend of IS cents pc
share brings total dividends fo
the year to $6 a share agains
$4.25 last year. The stock sold a
$3.50 a share on the Washingto
Exchange Thursday.
Capital Store Sales Rise.
Department store sales in Wash
ington for the week ended No
vember S turned upward, regis
tering a gain Of 8 per cent owe
the same week last year and tn
same increase over the, precedin
week this year. Cumulative sale
in the four weeks ending Novem
ber s were down / per cent. Sale
in the Fifth District were up 4 pc
cent against national decreas
Of 2 per cent.
The Trailer Coach Manufactur
ers' Association has finished plan
for the display at the Armor
1920. William B. Nc
Donald. jr., president. said yester
day. While sales have been dow.
Is per cent this year, he looks 70
sales in the future Of abou
10000 trailers. All the latest type
of trailer coaches will be on dis
play. with special showings 70
Government officials and housin
New Manager Appointed.
Gustav Berle has been mad
advertising manager Of Golden
berg's. at 7th and K streets NV
He was formerly with Kann'
Store here. Sears, Roebuck & Co
and Blomingdale's in New York.
Philip F. Berne. former Gold
enberg's advertising manager. ha
joined Kal. Ehrlich IL Merrick
advertising agency, as an execu
tive. He has had wide experienc
with several New York depart
ment stores and others.
T. Coleman Andrews of Rich
mond will address Washingto
Chapter. National Association 9
Cost Accountants. Wednesda
evening at the Sheraton Hotel O
Impressions of Great Britain an
in the Second Half 9
l94s."
American University is to hol
tax institute this veal
beginning Monday. November 2,
In charge of DR.. Fritz Karl Manr
E. Barrett Prettyman. associat
Justice of the United States Com
of Appeals, will take an activ
part in the opening session.
Financial District Notes.
Television Engineering Co. wi
show new models In instrument
for taking dictation at the Static
tomorrow and Tuesday.
George A. Hates, general agen
Of the Fidelity Mutual Life Insur
ance Co. here, was a leadin
speaker at the company's conven
ton at Hot Springs. Va, las
week. His Office had ~ recor
delegation, IL agents.
A very large delegation Of build
ing and loan executives in tn
Capital will attend the Unite
States Savings and Loan Conven
ton, opening in Chicago Frida.
The Governments activity in tn