Evening star., 1952-10-09
Reports Of Companies
Serving Area Listed
For National Awards
By Donald B. HodIey

Air Lines was first among dones-
tic airlines and Knott Hotels led
the hotels.
American Security & Trust Co.
was second among the Nations
banks and trust companies. Cap
ital Airlines and the Hecht Co.
were second among domestic air
lines and department stores. Cap
ital Transit was third in the tran
sit classification.
Hilton Hotels Corp. which owns
the Mayflower here, and the Hotels
Statler Co., were second and third,
respectively, among hotels. Balti-
more & Ohio Railroad was second
among Central-Eastern railroads.
Chesapeake & Ohio was first
among Midwestern railroads.
Among the stock exchanges, the
New York Curb was first and the
New York Stock Exchange second.
In the variety chain division,
w. T. Grant was first, Woolworth
second and McCrory third.
The awards. based on 1851 an
nual reports. will be presented at
the annual banquet in New York
on Tuesday. October %.
Air Travel Sets Records.
Air passengers handled by COM
mercial airlines at Washington
National Airport numbered 231,-
$50 in September, a new record
for the month, airport officials
reported today.
The September total compared
with 225,832 in the previous
month and 230,121 in September,
1851.
In nine months this year, pas
sengers totaled 1,858,644, also a
record for that period, and COM
pared with 1887 1896 year earlier.
Bank Dividend Declared.
Directors of Washington Loan
d Trust Co. have declared a
quarterly dividend of per cent,
payable November, to holders
of record October %, President
Alfred H. Lawson announced to-
day.
Books will be closed for trans
fer of stock from October % to
November 3, both dates inclusive.
Maryland banks and other
financial institutions, including
those of the nearby area. will be
closed Monday in observance of
Columbus Day, which is a legal
holiday in that State. District
and Virginia banks will remain
open.
The Washington Stock Ex-
change and the Washington Of
flee of the Philadelphia Baltimore
Stock Exchange also will be closed
along with the New York Stock
Exchange. Most brokers will take
Q rest.
Hotel Business Lags Here.
Washington hotel business
Jagged behind 1851 in the first
half Of this year, Horwath g.
Horwath reported today. Total
sales were down per cent.
Room sales were off per cent
and total restaurant sales were g.
per cent lower. Included was a
6 per cent drop in food sales and
a IA per cent slump in beverage
sales.
World Bank Issue Marketed.
Auchincloss. Parker & Redpath,
Johnston, Lemon g. Co., Folger,
Nolan, Inc. and Merrill Lynch,
Pierce, Fenner & Beane were
among the underwriters of the
$50 million bond Offering of the
international Bank for Recon-
struction and Development today.
The new 312 per cent bonds
were offered at $3.50 per $1,000
bond. The last previous issue of
the bank was offered at $685. for
a 33s per cent coupon.
Selling Course Planned.
The Electric Institute of WASH
ington will conduct Postgraduate
Course in Selling Know-How atI
three meetings from 8 to $50 pm
on November 10. II and "a.
Tom Douglas, educational direc-
tor of the Milk Industry Founda-
ton, will address the first session
on THE Human Side of Selling."I
George Hennerich, managing
director Of the Ice Cream Mer-
chandising Institute. will be thei
speaker at the second session onl
Better Statesmen for Better
Sales"
Josh Lee. former Senator and
member of the Civil Aeronautics|
Board. will speak at the final
session on What 1t Means to Be
a Salesman in America"
Cost Accountants Speaker.
Howard H. Cork, director of
government and tax accounting
for Westinghouse Electric Corp,
will address Washington Chapter,
National Association of Cost Ac-
countants, at a dinner meeting
at the Willard Hotel next We'd
nesday, October Is.
Walter Lederer. formerly adver-
tising manager for Bendix televi-
sion and radio, has been named
district manager for Bendix Avia-
tion Corp. His district will include
Maryland. Pennsylvania, Delaware,
Virginia, West Virginia and the
District of Columbia.
Serve Raleigh's Is Years.
Eight employees who have served
Raleigh Haberdasher more than
Is years were honored at a cere-
mony commemorating the stores
41st anniversary.
In presenting awards, Mrs. Clar-
ence Grosner, president, pointed
out the need for management to
give more recognition for employees
service and loyalty.
Among the honored employees
was Frank Berman. who has been
with the store since its founding in
1911.
Man, NnAfan YnkrcIuonI