Evening star., 1951-08-19

N. Y.
Mr.. Rentzsl. Shippers.
representatives Of Government
bodies, railroad, airline.
and waterway companies
will attend the two-day session on
he campus Of Northwestern Uni
7ersity.
As principal speaker ct ths
banquet meeting in the Palmer
House, Mr.. Rented will discuss
National Coordination Of Trans
portation."
Earlier in the day. Robert s.
Henry, vice president Of the As
ISOLATION of American Railroads.
will be on a panel devoted to
Carrier Rates and Services" A
panel discussion on September
Ia on Transportation and Ma
tional Defense" will include the
following Federal officials; Ken
meth H. Wore, director Of military
traffic service. Defense Depart
ment: w. s. Rainville, jr., execu-
tive assistant, Defense Transport
Administration; Beatrice Aitchi-
son, transportation economist.
Commerce Commission.
and William E. Hayghe. traffic
management director. Federal
Supply Services.
Hilton Hotels Report.
A report to stockholders of Hill
ton Hotels Corp, from Conrad H.
Hilton. president. disclosed yester-
day the company showed a net
profit Of $1,940,778 for the first
six months Of this year, compared
with $2,111,318 in the first half
Of 1850. The net earnings were
equal to SLIT a share Of common
against $1.33 In the same period
a year ago.
The company reported o sub
stantial equity in earnings Of its
amounting to $780,
373 or "a cents q share during
the half year. OF this total, The
Hotel Corp, contribu-.
ted 1852, ,373, while $277 900 was
attributable to the Waldorf-As-
toria Corp, in New York. The
comparable figures for these two
hotels in the same period Of 1850
was, respectively, $285, 1861 for The
Mayflower and $384,314 from the
Waldorf Astoria.
Gross revenues for the Hilton
operations in the half year were
compared with $22,-
165, ,976 in the 1850 period. Fed
eral income and excess profits
taxes, rose from 81 ,248.399 to ST.
976. .769 in the 1851 period.
Vepco Dividend Voted.
Directors Of Virginia Electric d
Power Co. yesterday voted q quar-
terly dividend Of 80 cents a share
on common stock, besides meeting
the regular quarterly dividends on
preferred.
The National Bank of Washing
ton has received a green light"
from the National Production Au-
thority to proceed with $1,000
worth of alterations. The work
will involve topping all counters
in the bank with marble. in ac-
cordance with early plans.
Accountants to Meet.
Walter N. Wilson, president.
Washington Chapter National As
sociation of Cost Accountants, has
scheduled the sixth meeting OF the
Board of Directors Wednesday at
1880 pm. at General Services, Inc.
Don Thomas, formerly Of Gal
loway & Thomas, has Joined the
Kronstadt Advertising Agency as
an account executive. He has been
in the local advertising field since
1948.
The regular Distribution Round
table luncheon will be held
Wednesday at 1915 pm. in the
Washington Hotel. John D. Small,
chairman, Munitions Board. De-
fense Department, will tell about
current munitions operations.
Store Sales Decline.
Washington department store
sales for the week ended August
II dipped 8 per cent below the
corresponding week in 1850, a
period of war scare buying. Like
wise, for the four weeks ended
August II, the dollar volume was
10 per cent less than the 1850
figure furnished by the Richmond
Federal Reserve Bank. Washing
toms percentage Of decline for
the reported week was the same
for the whole Fifth District. Fig
ures for this summer. however,
still remain above the prewar
level.
July was a record month for
Colonial Airlines' domestic system,
with 5,892.398 passenger miles
flown. showing 20 per cent gain
over the same month last year.
This was largely q result OF in
creasing the carrying capacity OF
DC-3 planes initiated In May, 1t
was reported.
The months record was 28.050
passengers carried. O figure in
cluding q seven per cent increase
- 49, n.~,.a,,An vo,1fA ftnVVa Eaxur