Evening star., 1949-10-10
Woodward & Lothrop
Holders 10 Vote on
Building Contract
By Edwdrd 6. Stone


By Edward c. Stone
Woodward & Lothrop preferred
and common stockholders will
hold a special meeting after the
regular annual session next Mon.
day to vote on authorizing the
department store officials to aware
q contract to the Charles H
Thompkins Co. of Washington fol
erection Of the new store at West.
ern, Wisconsin and Willard ave-
nues in Montgomery Co., Md.
The new building. estimated tt
cost about 100000, including
the parking lot and other ex'
penses, already has been approved
by the directors. Charles H
Thompkins, head of the construc'
ton firm. also is director o1
Woodward & Lothrop and member
of the Executive Committee. Ir
view of his relationship with the
department store, it was decided
to ask for special vote OF the
stockholders.
officials expect to break grount
for the new building with 10 days
Starrett & Van Week, New York
are the architects.
Capital Speakers Listed.
More than 600 purchasing
executives will meet in Cleveland
on October "a, Is and rs. Among
speakers from Washington will be
Jess Larson, administrator, Gen.
eral Services Administration;
Clifton E. Mack. Bureau OF Fed
eral Supply; DR.. Harold M. Dud-
lev, executive secretary. American
Council of Commercial Labora.
tories; Lea. Donahue, Bureau OF
Federal Supply, and Albert H
Hall, Executive Director. National
Institute of Government Purchas-
ing, Inc, jackson place.
more for the Tax Dollar" Will
be the theme of the forum meet
ing and latest purchasing prob
lens will be covered in fullest
detail. Special exhibits Will
feature the meeting.
Investment Glass Starts.
Francis c. Hunter, partner OF
Merrill Lynch, Pierce, Fenner d
Peane, looks fer a record at
tendance at Central High School
tonight when the first OF three
investment classes for the public
Is held.
Last spring. the same firm con-
Quoted classes for women only
at American University. The at
tendance was surprising and LED
to the new course starting to-
night at 8 o'clock.
The New York Stock Exchange
firm will present money manage
ment ideas of practical value.
Air Cargo Up Sharply.
Transatlantic Air cargo flowr
by Trans World Airline in the
first eight months of 1949 in
creased by so per cent over the
volume for the same 1948 period
it was announced here today.
A bill recently introduced II
Congress fixes Federal Deposit In
surance Corp. assessment rate at
1896 of / per cent whenever the
FDIC surplus exceeds $3.50, 900.
600, such rate to remain in effect
unless surplus is less than ST.
100000.
About 1875 representatives of the
Aetna Casualty 81 Surety Co. are
holding an all-day conference at
the Statler today to consider new
coverages and improved policy
holder service. It is one of 35 such
meetings, National officers being
among the speakers.
Store Manager Appointed.
]. C. Doane, jr.. has been ap-
pointed general manager OF the
new store to be opened by Joseph
r. Harris Co., on Ellsworth Drive.
Silver Spring, Md. The opening
is scheduled for Friday, October /.
Mr.. Doane was formerly asso-
ciated with Miller's Inc, Knoxville.
Tenn: later with Cain-Sloan Co.,
Nashville, and more recently with
the Heironimus Co.. Roanoke, Va.
He has already assumed his new
duties.
The American Telephone 81
Telegraph Co. reports that since
Sept. l, when the company's 1884,
100000 of 31s% debentures be-
came convertible into capital
stock, more than $85,000,000 OF
the debentures have been con-
verted, over 81 per cent Of the total
issue.
Building Contracts Mount.
F. w. Dodge Corp. reported to-
day that contracts awarded for
building and engineering projects
in the Greater Washington Area
in August totaled $46,260,0 900, an
increase of 1874 per cent over July
and 241 over August of last year.
Residential awards totaled $32,-
$4,000, up lat per cent from July
and As per cent over August. 1948
Non residential awards were As
per cent over August of last year
Heavy engineering awards of ST.
$4,000 were % per cent under
July but up 225 per cent from
year ago.
Building and engineering
awards in the first eight months
of 1949 totaled $194, 1874, 900, or 2e
Der cent over last year.
a. %.-s-