Evening star., 1942-09-22


troit; T. c. McCobb, Standard Oil
Co. of New Jersey; L. D. Mcdonald
of Garner & Swasey Co, Cleveland,
and j. j. Russell. Reverse Copper e.
Brass, New York.
Mr. Little has been general audi
tor for The Star for over 81 years.
He was formerly on the staff Of
Haskins & Sells of New York, and
later tax consultant with Samuel
H. Boyd, formerly deputy commits
sioner Of Internal Revenue. He Is
secretary-treasurer of the Evening
Star Broadcasting Co., operating
Station WMAL.
Formerly president of the District
of Columbia Control, Mr.. Little has
been member of the Controllers
Institute since 1884 and is the first
member of the institute to be elected
to the national directorate from this
section, which also includes the
Baltimore Control.
Banks Boost War Bond Sales.
Washington banks have made
brilliant showing in pushing the
sale of War savings bonds in con-
nection with the presentation Of
"The War Against Mrs. Hadley," at
the CAPITOL Theater, tomorrow eve
ming. The tickets have been dis
tributed according to the size Of
the bonds purchased.
The banks have sold bonds with
a value of S226, 400, involving the
distribution of 1,341 tickets. Sixty
one $1,000 bonds were sold and
80 $500 bonds, with a value Of
$101 900.
The banks sold 614 $25 bonds, 81
in $50 denominations, 218 $100
bonds, 1873 5000 bonds, 100 $500
bonds and SO s400 bonds. So far
as the banks are concerned, the sale
is now concluded President John
A. Reilly was greatly pleased with
the results.
Stock Issue Oversubscribed.
Shields & Co. today reported
heavy oversubscription of the 59,1oO
shares of Virginian Railway 6 per
cent preferred stock, offered after
the close of yesterdays New York
Stock Market. The stock, part Of
an estate, was sold at 281s, several
Washington Offices having shares
for their customers.
Governors of the Federal Reserve
System have denied that the board
has contemplated any control what
ever over savings accounts. officials
said the denial applies to both pres
ent and future deposits. The state
ment was issued at the request Of
the banks. individuals are to have
complete freedom over the use of
their savings accounts, the board
says.
Robert Lasiter, chairman of the
board of the Federal Reserve Bank
of Richmond, has announced elec-
ton in November of Glass A direc.
tor to succeed Charles E. Rieman,
of Baltimore, and Class B director
to succeed Charles C. Reed, Of
Richmond, whose terms expire on
December 81. Fourteen Washington
banks will take part in these elec-
tions.
d. c. Exchange More Active.
Business was somewhat more &C.
tive on the Washington Stock Ex-
change today.
The market opened with 10 shares
of American Security 6S Trust Co,
stock selling at 181. followed by the
sale of 10 more shares at 1870. The
stock closed with lit bid and 100
asked.
Mergenthaler Linotype registered
sale of 30 shares at 36, ex-dividend,
off half a point from the last pre-
vious sale.
Norfolk & Washington Steamboat
Co stock came out on sale of seven
shares at 109, up 16 points from the
last sale at SO, the sharp gain being
based on recent improvement in the
company's earnings.
Ten shares of Security Storage
changed hands at 10, unchanged
from the last previous transfer.
Garfinckel common and preferred
stocks have been added to the list of
issues now being quoted ex-dividend,
Bank Teller Commissioned.
Raymond H. McGivern, formerly
collection teller of the National
Savings & Trust Co., has completed
his course at the infantry school
Fort Benning. Ga, and been COM
missioned second lieutenant.
1t. McGivern entered the seryics
OF the trust company in May, 1884,
and resigned in Nav. 1871 tn entey
the Army as private, later being
assigned to the officers training
school.