Evening star., 1950-07-27
Construction Active
In Middle Atlantic
States During June
By Edword c. Stone

By Edword c. Stone
Construction awards in June in
the Middle Atlantic States, which
include Maryland, Virginia and
the District of Columbia, totaled
s141 million, a Jump of 81 per
cent over June, 1949, and per
cent ahead of May, the F. w.
Dodge Corp. reported today.
The areas six-month total OF
s845, ,521, 900 was So per cent
higher than the total OF $685.
$4,000 a year ago. gain OF 20
per cent over the comparisons
reported in June, Vice President
j. T. Little stated.
Public works and utilities con-
tracts doomed in June, running
Is per cent ahead of May and 56
per cent ahead of June year
ago. Residential awards were
only slightly ahead of May but
IS per cent above June, 1949.
Non-residential awards were 2
per cent ahead of June a year ago.
For the half-year period as COM
pared with the same period OF
1949, the totals were, with per-
centage of increases: Non-resl-
Dental, $229, 9,419,0O0, percentage
IL; residential, $418,285 900, per-
centage 104, and public and pri-
vate works and utilities, $751;
$4,000, percentage 81.
Many Dividends Due Soon.
Many listed stocks on the Wash
tngton Exchange in the near tu-
ture will pay dividends which al
ready have been declared. Among
them are the Washington Gas
Light issues, National Savings d
Trust. Washington Loan & Trust.
American Fire Insurance, Hecht
common and preferred.
woodward & Lothrop directors
have just declared the regular
quarterly dividend of 30 cents a
share on the common stock and
the usual quarterly payment OF
S1.25 a share on the preferred.
Both are payable September % to
stock of record September 8. Peo-
piles Drug Stores, Inc, also voted
the regular quarterly dividend OF
so cents a share few days ago.
All stocks on the Washington
Exchange made fine dividend
records in the first half year. ex-
cept Carpet Corp.
Bank Loses Able Director.
The National Bank of Washing
ton has lost a valuable director in
the death of Arthur j. May who
had been on the board since 1911,
almost 40 years, and was a mem
ber of the Executive Committee.
He had been with the May Hard
ware Co. so years on July 2. He
was active in the Board OF Trade
and a member of the Greater Ma
tional Capital Committee. Mr..
MAY. who was one of the founders
of his firm, recently retired as
president.
The Glenn L. Martin Co. has
elected Richard L. johnson vice
president in charge of finance and
]. w. Sweetser vice president in
charge of sales. Daniel A. Evatt
resigned as finance director.
Flynn Given Promotion.
Smiths Transfer 81 Storage Co.
has promoted w. w. Flynn to
manager of the personnel and
payroll departments. He has been
with the firm eight years and was
formerly with the Dupont Ma
tional Bank and the Mayhower
Hotel.
Arthur Clarendon Smith, ST.,
also reports that June was. the
best month in the company's his
tory.
Auchincloss, Parker & Redpath
is distributing briefs on EIGHT well
situated stocks in eight well sit
uated industries"
Ferris & Co. has prepared an
analysis on how the war may be
expected to affect common stocks
in major industries.
Earnings Up Sharply.
State Loan & Finance Corp, in
the Ring Building. reports the
most profitable six months on rec
ord, $1.28 per share on common
comparing with 83 cents share a
year ago. /
The volume of loans made and
purchased in the current period
amounted to $14.086,786 against
s10,178,388 last year, Davis Weir,
president, stated. The company
now has 33 offices. /
The National Association OF
Cost Accountants will hold re-
gional conference in Washington
on November 14-16, about 400 del
egates being expected.
Dallas Leads in Trade.
The Federal Reserve Board re-
ported today that the Dallas dis
trict led the other II districts in
retail trade gains in the first half
year, sales being. up per cent.
New York had the biggest drop, 3
per cent.
The Atlanta district recorded a
3 per cent advance over last year.
The Richmond district reported no
change in department store sales.
Most of the other districts reg
istered small decreases. The ma
tional average was down l per cent
In the six months.