Evening star., 1952-11-18

ne said. Ihe THRIFT institution,
Americas largest savings and
loan, revealed a balance sheet of
only $27,843 in its first year of
operation in 1882.
Mr.. Baltz said the new building
on E street, between Eleventh and
Twelfth streets, will be completed
late next Spring. This will give
Perpetual ample space to take care
of its more than $1,000 savings
and borrowing members.
The directors met after the
meeting and reelected all officers
for the ensuing year.
Besides Mr.. Baltz, they included
Marvin A. Custis, board chairman;
Samuel Scrivener and Thornton
w. Owen, vice presidents; William
H. Dyer, secretary; w. S. Martini
dill. treasurer; w. H. Rippard,
controller; Ernest A. Thomas, C.
Gordon Rouse and Henry J. Baltz,
assistant secretaries; A. l.. Gar
rett, jr., Tom B. Thatcher. H.
Grafton Harper and Joseph B.
Yznaga, assistant treasurers; Sam
uel Scrivener, jr., general counsel,
and Hugh Lynch, public relations
director.
BabSon Addresses Clients.
Observing that business in
Washington is still topping year
ago by about per cent. Arthur
c. Babson, economic analyst, to-
day expressed the opinion that
general activity here in 1858 will
come close to the record levels of
the last three years.
The vice president Of Babson's
Reports, Inc, made the forecast
before a large group of clients at
tending the annual Babson con-
ference this afternoon at the
Willard Hotel.
ANY letdown," he said," will
probably occur as the year moves
into the second half, but the 255.-
900 well-paid Government en-
ployes will serve as a cushion
against any sharp readjustment.
All in all, Washington faces an
other lively year, with business
due to ride along on the crest of
defense activity"
After the presentation of busi-
ness analyses, the meeting was
open for discussion. In addition
to Mr.. Babson. H. Clyde Baldwin,
investment authority, spoke on
the subject: "Bomb-proof Invest
ments and the Stock and Bond
Outlook" Paul Kent, business an
alyist, participated in the question
period.
Cornerstone laying and official
opening Of the new woodward &
Lothrop. store in Alexandria is
scheduled for November %. Cere-
monies attending the event will be
held at 1880 am. at the new
store, 615 North Washington street.
National Capital Dividends.
The National Capital Bank has
declared a semiannual dividend
of so cents, or per cent, share
and an extra dividend of 20 cents
g per cent? per share. it was an
nounced today by President
George A. Didden, jr. Payment
is December IS on stock Of record
that date. Mr.. Didden reported
this is the 123d consecutive divi-
dend and makes total Of $1.20
per share this year.
Lofstrand Elected.
A. Rudolph Lofstrand. jr.. Sec
retary-treasurer of the Lofstrand
Co. of Rockville, Md, was elected
a director of Citizens Building &
Loan Association at recent board
meeting. He is member Of the
Maryland State Legislature, the
legislative Council, the Silver
Spring Board of Trade and active
in civic affairs.
The associations resources have
reached the all-time high of $12
million, according to c. Edwin
Kline. executive vice president.
The increases in assets, new saw
ings accounts and new loans made,
all set records in the organization.
The American Hospital Supply
Corp, which has a division in
Washington, has announced a
quarterly dividend Of 80 cents
share. payable December l9 to
stock Of record November Is. This
fourth 1852 dividend was declared
at the boards annual meeting in