Evening star., 1951-10-11

mechanic with 49, "a
the B. F. Stur-
tevant Co. in
Hyde Park,
Mass, in 1916. Mr. Hurley.
From 1885 to 1947 he was vice
president for manufacturing Of
Bendix Aviation Corp. and later
was director Of manufacturing
engineering for Ford Motor Co.
In World War II he was deputy
to 1t. Gen. Levin H. Campbell,
chief of Army Ordnance.
WI. & T. Declares Dividend.
Washington Loan g. Trust Co.
directors yesterday declared a
quarterly dividend of 3 per cent
on capital stock, payable Novem-
ber to stockholders of record
October %, President Alfred H.
Lawson announced. Books will be
closed for transfer of stock from
October % to November /. both
dates inclusive.
District banks will be open to-
morrow, but those in nearby
Maryland and Virginia sections
will be closed in observance Of
Columbus Day. The Washington
Stock Exchange also will be closed
along with securities exchanges
across the Nation.
National Mortgage Net Up.
National Mortgage & Investment
Corp. had net income of $116.692
or "a cents share in II months
ended June 80 VS.. $96,296 or SO
cents In the previous year, Presi-
dent Joseph B. Schaaff reported
yesterday.
Gross income for the year was
$285, ,804 VS.. S192,973 and Federal
income taxes amounted to $101,-
STA VS.. $54,923. Assets on June 80
totaled s3.147,935 VS.. $2,986.157 a
year earlier.
The company has bought for
retirement another $4,000 pre-
ferred shares, leaving 1887 out
standing. 1t owns and operates
the Capital Garage on New York
avenue.
Credit Unions Plan Dinner.
In observance of annual credit
union day member unions of the
District Credit Union League will
hold dinner meeting at the Bur-
lington Hotel on Thursday, Oc-
tober 18.
Guest speaker will be Herbert
E. Evans, vice president-personnel
of the Farm Bureau Insurance
Cos. and general manager of the
Peoples Broadcasting Corp. which
operates radio station VOL.
Miss Madeline NJ. Guinnane,
president of the District League,
will preside. The meeting will
start at $50 o'clock.
1850 Report Wins Award.
The 1850 annual report of the
American Security & Trust Co.
was runner-up and placed second
for the "best of industry" award
in the trust companies claSsifica-
ton in the 18th annual survey of
over 5000 annual reports made by
the Financial World and its inde-
pendent board of judges. This re-
port also was selected as one of
the 200 best reports of the year.
During the three previous years,
American Security's annual re-
port, in competition with other
trust companies. won first place
in 1947. third in 1948, and an
honorable mention in 1949.
Foreign Orchids Coming Here.
Orchids from many foreign
countries will be flown here by IA
airlines for the fourth annual In
ternational Orchid Show of the
Capital Orchid Society in the
main Office lobby of the American
Security & Trust Co. on October
~ and %.
Among the countries that will
be represented are Australia. Mex
leo, England. Belgium, France, the
Scandinavian countries and soma
of the Central and South Ameri-
can nations.
Florists and amateur orchid
growers of Washington, many
other American cities and Hawaii
also will enter exhibits. Last years
show attracted $4,000 visitors,
among them President Truman.
UAL Reports Records.
United Air Lines carried more
passengers and mail last month
than in any September in it's his
tory. Revenue passenger miles
totaled 186,377.0o0. a gain of 26
per cent from year earlier, while
mail ton miles totaled 1851 900,
a rise of So per cent.
Oficers and directors of the
Baltimore & Ohio Railroad will
tour bituninous coal districts of
Central West Virginia October IT.
20. The trip will be another of a
series of annual inspection tours,