Evening star., 1950-02-17
Hecht Co. Sales Set
S84,O58,256 Record
During Fiscal Year
By Edword c. Stone

BY edword {. Stone
The Hecht Co. today reported
record sales of $84 ,058, ,256 for the
II months ending January 81. a
gain of is per cent from $82,799,-
909 in the preceding fiscal year,
Net sales of the company in
the fourth quarter amounted to
S25, 5,936,769 compared with S25,-
392,623 in the corresponding peri
Cd of 1948, an increase of 81 per
cent, Samuel M. Hecht, president
stated.
The report covers sales of the
~ stores 49, in Washington, Silver
Spring, Baltimore, Annapolis
Easton and New York City.
Chicago Delegates Announced
Nineteen members will repre-
sent Washington at the 25th
Annual Mid Winter Conference OF
the American Savings and Loan
Institute, February 1925, in Chi
cago. The new Society of Savings
and Loan Controllers will meet al
the same time.
Led by Stuart o. Thompson
president of the Washington
Chapter, the Capital delegation
will include Samuel w. Frye, Anne
Fague, Mary K. Doyle, Richard
Sinclair, William H. Rippard
Herman Schwertner. Dom B
Thomas, William Blumenauer
William E. Poulton, Joseph F
Zegowitz. R. c. Williams, Nor
man Watkins, Fred Dietrich, Her.
bert T. Haller, Albert o. Denham,
Worth Arnold, John w. Stadtler
Robert F. McConkey.
Saccardi Talks to Students.
Carmen C. Saccardi of Merrill
Lynch, Pierce, Fenner & Beane
addressed 200 Georgetown busi-
ness students yesterday on "Busi-
ness AS Career for a College
Graduate" A student poll showed
they were especially interested in
getting a brokers' view of the Sc
curities business.
John j. Corson, assistant bust
ness manager of the Washington
Post, addressed American Univer-
sity business administration stu
dents on THE Work of an Execu-
tive"
Arthur Godfrey, radio and tele-
vision star and his business man
ager, C. Leo De Orsey, of Wash
ington, have been elected direc-
tors of the Hi-V Corp.
James Rotto, sales and publicity
director of the Hecht Co., will as
sist the Brand Names Foundation
in selection of the Retailer Of the
Year" to be announced in New
York on April S. Charles B. Dull
can, sr., won the award yeal
ago.
Bank Starts Night Service.
Starting tonight, the Bank OF
Bethesda will be open every Fri
day evening from $50 to 9 o'clock
In adopting the additional bank
ing hours. officials hope the usual
Saturday morning congestion will
be relieved.
Building permits in Washington
In January totaled S5,789,153 as
compared with $3,517,05O a year
ago, according to Dun g. Brad
street. The Capital dropped to
18th place among 25 leading cities.
1t was fifth in December.
Banquet Plans Completed.
Stephen o. Porter. president of
Washington Chapter, American
Institute of Banking and John M.
Christie, chairman of arrange
ments, reported today that every
detail had been completed for the
annual banquet, tomorrow night
at the Mayfower. A new attend
ance record will be set by 1.4OC
guests, including Vice President
Barkley
William c. Ray, former director
OF maintenance of American Over
seas Airlines and project engineer
on the Sacred Cow" the late
President Roosevelt's persona
plane, has been named vice presi.
dent of Aircraft Maintenance In.
ternational, Inc. He will be ir
charge of all operations.
Leland G.. Sutherland addressed
the monthly meeting of Washing
ton Chapter, National Association
OF Cost Accountants at the Shera.
ton Hotel, on current tax account.
ing problems.
Financial District Notes.
The annual report of the Mu-
tual Life Insurance Co. of New
York scored the Government fol
inability to live within it's income
even in a period of great pros
perity." The situation is consid-
cred alarming for the future.
George M. Ferris will address
the Maimonides Dental Society or
general finance at the March
meeting.
Henry K. Westphal, Washington
regional sales manager for the
Farm Bureau insurance com
panies, is now attending a confer
ence of all regional sales managers
at the firms home office in Co.
lumbia, Ohio.
l.