Evening star., 1942-08-03

several ullkUi" W. " "oisni"ssoh'
tant positions. A native of Alexan-
dria, Va, the son Of George Y.
Worthington, one Of Washington's
pioneer real estate operators, he was
educated at Episcopal High School,
in Alexandria.
!. MIR. Worthington is former presi-
dent of the District Life Under
writer's Association and one Of the
founders of the Kiwanis Club
Chapter.
d. c. Home Ownership Rate Low.
Building and loan association as
sets in Washington average $26392
per capita, according to survey
made by the United States Savings
and Loan League, covering 194O
Washington's percentage of owner
occupied homes stands at 299 per
cent, which is lower than most of
the other large cities Of the country,
the Chicago report says. Baltimore
Is 40.8.
The percentage of Washington
homes debt free In 1910 was 35.2,
while Troy, N. Y. reported COL.
Baltimore had 59.3 per cent.
Peculiarities of Washington living
conditions. population increases and
other factors are the reasons for the
low home ownership conditions, the
report explains.
Christie Enters U. S. Navy.
John M. Christie, an assistant
cashier of the Riggs National Bank,
has obtained leave to enter war
service. He is now a lieutenant,
Junior grade. in the United States
Navy, Mr.. Christie was president OF
Washington Chapter, American In
sttute Of Banking, last year, having
a most successful administration
against great odds on account of the
war.
Miss Caroline A. Bailey, one OF the
comparatively few women brokers in
Washington, who has been con-
nected with Auchincloss, Parker e.
Redpath for some years. has re-
signed to take position in selective
service.
Washington Chapter, American
Institute of Banking will hold its
annual moonlight cruise, Thursday
on the S. s. Mount Vernon. Samuel
G. Redman, jr, Lincoln National
Bank, chairman of the Entertain
ment Committee is in charge of the
outing and will be assisted by Karl
Heintzman. American Security &
Trust Co.: Samuel Fry. Hamilton
National Richard Carver, National
Savings 81 Trust, and Donald Hol-
lingswortn. Second National
Real Estate Bonds Higher.
During July the Amott- Baker real
estate bond price average, covering
200 securities, including four Wash
ington issues, increased OF per cent
On July 81 the average price pei
$1,000 bond stood at $500, against
$3o7 at the end Of June and $50.
at the close of l94l.
Philadelphia leads in gains in the
first seven months OF 1912 with ar
average advance OF l0l per cent,
In the classification by type O.
building. hotels led the way in july
with 81 per cent upturn.
d. c. Stocks Work Higher.
On the Washington Stock Elk
change today Potomac Electri
Power per cent preferred sold a
lis, up q.
Potomac Electric Power 5i2 pc
cent preferred appeared on the boar
in a small turnover, at ll4l2, a gai
Of half point.
At the same time Capital Transi
came out at 2lA on 2l-share salt
against the last previous sale at O.
Southern Rail Incomes Rise.
Glass l railroads in the Souther
district In the first six months Q
this year had an estimated net in
come, after interest and rentals, G
$4,000, 900 compared with s33,974,
SlS in the same period last year.
Those same roads had a net rail
way operating income. before inter
est and rentals. of $9l, ,066 662 com
pared with $67,359,86 in the sam
period Of l94l.