Evening star., 1942-08-13

Wnen ne Tellll-
ouished the po- NJ. d. Rosenbers'
sition to become board chairman.
Mr.. Groom spoke of Mr.. Rosenberg
as a citizen. banker and lawyer, and
lauded his very valuable service TO
the bank.
Albert S. Galley, one of the orig
inal directors. also spoke briefly. In
addition to the officers and direc-
tors, members of Mr.. Rosenberg's
family were present.
Power Sales at New Peak.
Kilowatt hour sales of the Po-
tomac Electric Power Co. in the Dis
trict in July broke all previous rec
ords for any month when they
reached 1903 ,349, ,959 hours. compared
to 90,931 ,667 in July, 194l, Jump of
12,418, ,292, or 1856 per cent, company
officials announced today.
Railroads and railways used TO-
252, ,226 XVIII, an increase of 1892
per cent over July year ago. Other
sales totaled 91,432,577, up 12.87 per
cent. while the street and highway
figures were practically unchanged.
In June of this year electricity
sales totaled 96.2l0,55l XIV b, in the
District.
Bankers i'm Special Session.
Members of the District Bankers
Association at special meeting
Yesterday afternoon were addressed
by Robert " Fleming and J. Clifford
Folger, members of the Fifth Fed
eral Reserve Victory Fund Commit
tee, and by Winslow B. Van Devan-
ter. chairman of the Washington
unit.
The committeeman urged banks
to press the sale bf other Govern
ment issues in addition to the War
Savings Bonds. Efforts are being
made to reach as many new inves-
tors as possible and arouse their in
terest in these issues.
A. Scott Offutt, second vice preSi-
dent of the association, presided.
Less Expensive Homes Seen.
Washington members of the Mort,
gage Bankers Association have re-
ceived word from Chicago that
President F. P Champ is setting w
committee to begin a study o.
postwar planning.
AS far as housing is concerned. ht
SAYS. the Nation is already far bet.
ter prepared to meet and solve wha
probably will be one of the mos
pressing postwar problemS-em-
ployment-than most people realize
In conclusion, he says:
One thing sure to develop from
the war will be the introduction o
many new methods and materials il
building which will almost certainl,
combine to create a less expensive
type of house for the great mas
market"
Harrell Addresses Bank Staff.
LinwoOd P. Harrell. executive VIC
president of the Morris Plan Banl
addressed the employees OF the Ma
tional Savings & Trust Co. on publ
relations at meeting held late yes
terdav afternoon. The Morris Pla
Bank System has been making
specially of public relations and ha
published A booklet along this lin
Mr.. H2rrell's talk proved most II
teresting and practical.
Four Governors Resign.
Four members OF ine Board
Governors of the National Assocls
tion of Securities Dealers have II
signed 10 devote their full time
war and military duties. Washingtc
members have been informed.
They are Francis f. Patton
Chicaco who was vice chairman
the BOARD and a member OF the E.
eculve Committee, Joseph
Scribner, Pittsburgh; Nj. W. Mcll
mis-, Seattle. and Harvey Roney
Los Angeles, who is connected wi
Merrill Lynch, Pierce, Fenner
Beane.
Today's Trading on Exchange.
Bank stocks drew all the attentIt
on the Washington Stock EXchan
today. Washington Loan & Tru
figured in a small sale at 200, VI
changed.
Riggs National Bank common a
peared on the board on a small SO
at 245, off from the last previo
sale.
Potomac Electric Power a.
Washington Railway e. Electl
common and preferred stocks ha
been added TO the ex-dividend j