Evening star., 1951-09-28

Technology and heads the NIT
development fund drive here. He
also is a member OF the Elec-
tronics Equipment Industrial
Committee of the Munitions
Board.
Store Sales Behind 1850.
Washington department store
sales in August were 2 per cent
below August, 1850. while sales in
eight months thiseyear were 3 per
cent ahead of the same period last
year, the Richmond Reserve Bank
reported. The banks weekly re-
ports indicate that September
sales will be about 4 per cent below
a year ago, reducing the nine
months year-to-year gain to
about 2 per cent.
For the entire Fifth Federal Re-
Management Of National Air
Lines won a hot proxy fight at the
annual stockholders meeting at
Miami last night, President G. T.
Baker reported. 1t elected eight
directors while the opposing group
elected three. Stockholders voted
to abolish cumulative voting for
directors.
Management of United Cigar
Whelan Corp. announced that de-
cision in it's proxy fight appar-
emily could not be completed until
October 8 at least.
Listed on ID. G. Exchange.
Shares of Suburban Trust Co.
were admitted to trading on the
Washington Stock Exchange to-
day, G. F. Cramer Of Ferris &
Co., exchange secretary, an
nounced. The opening bid was 80
with none offered. The trust COM
pany which has 10000 shares of
$40 par value outstanding was
formed recently by the merger of
the Prince Georges Bank g. Trust
Co. and Suburban National Bank.
Pennsylvania Railroad had Au-
gust net income of $1,908,544 VS..
$4,821 $50 in August, 1850, and
its eight months net was reduced
to $4.727 TIA VS.. $16,865 $3.50 a year
earlier. August gross was $780,
927, ,779 VS. $86,061, 1851 and eight
months gross was $3.50, ,145,823 VS..
$576 900, OPS.
Seaboard Air Line Railroad re-
ported August net income of ST.
O17,878 or SLIP a share, after
{ sinking and minimum capital
funds, VS. $l.106.577 or $122 in
August, 1850. Net for eight
months was $6.978,873 or $7.62 a
share, after sinking and mini
mum capital funds, VS.. $6,079, ,015
or $6.56 a year earlier.
Bank Officers Reelected.
Following the annual stock
holders meeting of the Bank of
Commerce g. Savings yesterday
directors reelected the following
officers: Thomas J. Groom, pres
ident; Joseph Sanders, Francis E..
Robey, Thomas j. Norris and John
Monk, vice presidents; Ernest r.
Wilson, vice president and cashier;
George E. Cole, Robert M. Lyon
and T. Eugene Elgin, assistant
vice presidents; Frederick C.
Loops, William w. Silver, jr.;
Winfield S. Dampier and Law
renee I. Melton, assistant cashiers:
Robert e. Kendrick, jr., auditor.
Mrs. Nancye B. Staub of Nor
ristown, N. j.. was elected presi-
dent Of the Association of Bank
Women at its 29th annual conven-
ton at Chicago. The association
includes more than 1900 women
bank officers Of the Nation. Miss
Catherine M. Krieg, assistant
cashier and assistant to the presi.
dent of Riggs National Bank, rep
resented Washington at the con.
vention.
The M. Belmont Yer Stands
Advertising Agency of Washing.
ton received first prize in the an.
nual contest of the Direct Mai
Advertising Association. TIL,
award will be made October II a
Milwaukee.
Great Universal Stores, Inc.
which operates 800 department
Mf SNA n..SA a L