Evening star., 1943-05-26
Further Rise Seen
In Really Bonds
Here in April
Press Building AIS
Lead With Advance
Of Three Points
By EDWARD c. STONE.

Washington real estate bonds
scored further price gains and took
a prominent place among the 20C
realty issues in the Amott-Bake1
price averages for April which re-
vealed an advance for the tenth
consecutive month.
The survey received here today
showed an average gain in April
of 2.5 per cent, bringing the total
increase for the year to 10 per cent
The average price rise in the first
four months of this year was better
than in all IL months of 1912.
National Press Building adjust
ment income 4l2s led the Washing
ton issues with an upturn of three
full points, the bonds ending the
month at 50. Next came May
flower Hotel LIST 5s, with stock, which
sold at 143 ., gain of 2l2 points.
Washington Properties general in
come Is changed hands at 85, up one
point from the preceding month.
One Washington bond registered a
small loss, National Press Building
lst 3-5s selling at 81 half a point
under previous quotations.
Incidentally, the prices of these
Washington bonds are much higher
than the average quotations on
many other bonds in the survey. The
average price per 81 900 bond of the
200 in the list was 1855 at the end
of April. compared with 1854 per
$1,000 bond at the end of March.
In the general list, apartment hotel
bonds made the best average gains,
the survey said.
Crockett Heads Accountants.
Oscar D. Crockett Of Judd g. Det-
weller. Inc. has been elected presi-
dent of Washington Chapter, Ma
tional Association of Cost Account
ants. it was announced today.
John j. c. MacDonough of the
Walcott- Taylor Co, Inc, and Her
bert F. Taggart of the Office of Price
Administration, were named vice
presidents.
Rusco H. Crowell of the J. Henry
Oehmann accounting Office, was
elected treasurer: and John S. Tip
ton. Welfare and Recreational AS
sociation secretary.
The Board of Directors elected for
the coming year includes Gustava
A. Moe, Bureau of Budget, w. M
Kirklev. Weaver Bros; c. Vernon
Hill. Barber e. Ross Co.; c. D. Con-
way. Fruit Growers Express Co.:
Moore c. Mcintosh. War Produc-
ton Board R. M. Nash. National
Publishing Co. and William H
Dame. Price, Waterhouse q Co.
ABA Seeks Credit Backing.
A. L. NJ. Virgins, first vice presi-
dent of the American Bankers As
sociation. has sent an appeal to
supervisors of State banks for their
help in fighting the "unwarrantcd
intrusion of lending agencies of the
Federal Government into the field
of private credit
Mr.. Virgins makes special refer
ence to the battle the ABA is waging
against the revival of the Regional
AGRICULTURAL Credit Corp, Congress
having been asked to re-eXamine
the whole program Of agricultural
credit
He adds that bankers fully realize
the need of agriculture for credit
hut believe the country banks ARE
confronted with an immediate and
serious threat to their existence.
They desperately need the income
going to Government credit agen-
cies, he concludes.
Bankers to Meet in September.
September 1915 have been set as
the dates for the war conference of
the American Bankers Association
to be held at the Waldorf Astoria, in
New York Efforts will be mace to
limit banks to one delegate. The
program will be devoted wholly to
wartime problems and the election
of officers No frills, according to
present plans.
For the u months ended April
30. the Washington Gas Light re-
ports net income of sl350690
against sl.lO2.433 in the like period
year ago.
Capital Traction IS sold at 1861.
on the Washington Stock Exchange
today, close to the l943 high mark.