Evening star., 1943-12-08
Three Capital Men
Placed on National
lbA Committees
RH EDWARD C. STONE.

IDA IOmmIneeS
BY EDWARD c. STONE.
Three Washington financiers have
been accorded national honors in
committee appointments made by
John Clifford Folger, president of
the Investment Bankers Association
of America, it was learned today.
Richard P. Dunn, partner In the
investment firm of Auchincloss,
Parker & Redpath, has been ap-
pointed chairman Of the national
associations Federal Taxation Com
mittee. The vital bearing of taxa
ton on the securities business makes
this one OF the associations top
committees. Mr.. Dunn, a graduate
of Princeton, has been active in
the financial district and the asso-
citation for many years.
James Parker Nolan, partner in
the investment house of Folger,
Nolan g. Co., was named member
Of the Industrial Securities Commit
tee. Mr.. Nolan is a member of the
executive council of the National
Association of Securities Dealers
Association and in charge OF activi-
ties in this te' itory. The chairman
of the Industrial Securities Commit
tee is Perry E. Hall of Morgan
Stanley & Co.
Edison B. Olds was the other
Washington member included in the
appointments, being made a men,
Der of the Education Committee, Of
which Julian H. Collins of Chicago
is chairman. Mr.. Olds is a partner
In Brown, Goodwin g. Olds and this
year is president of the Washington
Stock Exchange. He has attended
many conventions of the national
association.
War Bond Rally Planned.
Members of the rs associations
making up the District Building and
Loan League decided at their
monthly meeting at the Mayfower
Hotel to hold War bond rally and
dinner just before the fourth War
bond drive starts in January.
Edward C. Baltz, chairman of the
District of Columbia War bond unit
Of the United States Savings and
Loan League; Martin Az Cook and
Fred A. Smith will arrange the rally.
There will be one or two special
speakers. The aim of the dinner
meeting will be to arouse the direc-
tors to buy more War bonds for as
ISOLATION portfolios and to stir en-
ployes to sell more bonds to the
public
Clarence E. Kefauver, new presi-
dent, called for reports on the Chi
cago convention from C. Clinton
James, who covered legal activities,
and Edward L. McAleer who spoke
for the Washington delegates. The
meeting was lauded as of excep-
tional value.
Bond and Stamp Sales Drop.
Sales of War stamps and War
bonds at the City Post ONCE in
November dropped below October,
on account Of the steady expansion
Of the payroll deduction plan in
Government Offices, Postmaster
Vincent c. Burke announced today
These bonds are not purchased
through the Post Office.
There we're 1852 War Savings
bonds sold during November against
1928 in the preceding month,
decrease of $50 bonds. The value
of the bonds sold amounted to $644,-
94375 in November compared with
$731 $3.50 in October, a drop of
ss6,643.75.
War stamps sold during Novem-
Der reached the substantial sum of
1854 300 compared with the higher
figure OF $288,000 in the preceding
month.
Real Estate Bonds Higher.
For the 18th consecutive month,
zeal estate bonds worked higher in
November, with an average gain of
0.5 per cent, according to the Amott-
Baker price averages covering 200
issues. Real estate stocks also
improved.
Real estate bonds have advanced
224 per cent during the year to
date. The average price per $1,000
bond stood at S404 on November 80,
compared with $3.50 at the beginning
Of the year.
While the November gain was
small, it is considered significant
in view of the fact that a good
many other bonds lost ground be-
cause of unsettled markets. Apart
ment hotel bonds made the best
showing in November, the review
says.
Banks Urged to Sell Paper.
Banks throughout the country
are urged to contribute waste and
scrap paper, out-of- -date CORE
spondence, records, folders and
other nonusable paper to the Ma
tion-Wide scrap paper drive now
being conducted to provide mate
rials for the manufacture of con-
tainers and shipping cases for am
nunition, medicinals, food, clothing
and other war supplies, it was an
nounced by the American Bankers
Association today.
Critical shortages of waste paper
from which these much-needed
shipping cartons are manufactured
are causing some of the plants man
ufacturing them to close down, Sc
riously impeding the war effort, ac-
cording to information sent to the
ABA by the War Production Board
Financial District Comment.
Mergenthaler Linotype sold at 48,
ex-dividend, on the Washington
Stock Exchange today, off slightly
from other recent sales. This is the
stock that returns the highest yield
OF any issue on the exchange, more
than 10 per cent.
All employees of w. g. j. Sloane
have been presented with Christmas
bonus checks. Henry J. zilliox, as
sistant vice president OF the firm.
presiding at a special meeting of
the staff President w. E. S. Girls
void, jr., sent a letter of apprecia-
ton from the New York Office of
the fine cooperation shown by the