Evening star. [volume] (Washington, D.C.) 1854-1972, 1952-04-03

another Wall
Street firm for
Mr. Smith. more than 10
years, will be manager of the
branch in the northwest corner
of the buildings ground floor.
The Washington Office will be
the 18th office of the firm. which
is a member of the New York
Stock Exchange, the New York
Curb and many other securities
and commodities exchanges. The
main Office is at l Wall Street
Other Offices are in principal
cities from coast to coast.
Includes Complete Services.
The new Office here will have
complete services of Dow-JoneS,
Translux, the stock exchange
the curb and the firms own large
research department. Direct pri-
vate wires will make it an integral
part of the firms service network.
1t will be fully equipped to handle
any transaction in securities or
commodities.
Mr.. Smith has a background of
financial training and experience
to aid him in managing the Of
flee. After serving in the New
York financial district from 1924
to 1899. he came to Washington
with a leading wire house. He is
a graduate of the New York Stock
Exchange Institute.
Now a resident of Washington,
he formerly lived in Arlington
County for a number of years and
was prominent there in civic and
charitable work. He was county
chairman for the Community
Chest Drive in 1916 and formerly
was president of the Catholic
Charities for Northern Virginia
and the Richmond diocese. He
also was president of the Repub-
lican Club.
d. C. Traffic Above 1851.
Weekday vehicular traffic In
the District in February was 81
per cent above February, 1851
and 500 per cent ahead OF the
same month of preWar 1941, the
District Highway Planning Sur
'Vey reported on the basis OF "a
hour tests at key points.
Traffic over four Potomac river
bridges was 81 per cent above
"a year earlier and 1876 per cent
q.bove 1871 levels. Traffic over
four Anacostia river bridges was
BE- per cent above a year earlier
End 1897 per cent greater than
the load carried by three bridges
in 1941.
National Airlines had net in
come of $211,566 in February VS..
&341 $50 in the same 1851 month.
the company reported. Operating
revenues rose to $2.844.225 VS.,
c2.721, 595. but operating expenses
Climbed still faster to reach ST.
Ee8,2 VS.. $1,609,808.
Utilities Men to Meet.
Washington public utility execu-
tives will attend the annual bust
ness conference of the Maryland
Utilities Association at Baltimore
tomorrow.
E. Cleveland Giddings, vice
president of Capital Transit Co.,
is second vice president of the
association. President r. Roy
Dunn of Potomac Electric and
Vice President Otis H. Ritenour
of Washington Gas Light are as
Sociate directors. Washington in
vestment banking firms also will
be represented at the conference.
w. E. ReitZ, controller of The
Hecht Co., will take part in the
Branch Store Clinic at the Uni
versity of Pittsburgh May 1915.
He will lead a discussion of ex-
pense ALLEGATIONS.
New Bank Opens Saturday.
The Bank of Annandale will
open for business on Saturday,
April 5, at am. President Edwin
T. Holland announced today.
- The new bank with capital
Surplus and undivided profits
'totaling $150,0OO will be located
in the old post Office building on
Little River Pike.
Mr.. Holland, who is we'll known
in Virginia and District banking
HOYnci6nVNf
Dominion Bank in Arlington. j.
Henry Wallace. formerly with Old
Dominion, will be cashier and
manager of the new bank. Robert
NJ Hughes will be assistant man
ager.
Canadian Office Planned.
Merrill Lynch, Pierce Fenner &
Beane. which has Offices here, will
extend it's operations into Canada,
It was announced yesterday. First
office north of the border will be
opened in Toronto within so days.
Today was Kaiser-Frazer Day
at the Laurel Race Track. The
track management was host to
more than 200 Kaiser-Frazer
dealers and their guests from the
Washington and Baltimore areas.
More than 500 Westinghouse
appliance retailers. statesmen and
public utility representatives were
guests of the Edgar Morris Sales
Co. for dinner at Hotel Statler
last night. Preceding two-color
film of Westinghouse activities and
plans. Edgar Morris told dealers
the program marked the start of
an intensive spring promotion and
advertising campaign.
H. K. Beck. commercial vice
president for Worthington Corp.
here. is attending a series Of dis
trict sales managers conferences
in six n1aOt cities