Evening star. [volume] (Washington, D.C.) 1854-1972, 1944-08-10
Real Estate Bonds
Continue Advance
For 18th Month
BY EDWARD C. STONE.

July was the 26th consecutive
month in which real estate bond
prices of 200 Eastern issues, includ-
Ing several Washington realty
bonds, have moved upward, the adj
vance being per cent, according
TO the Amott-Baker averages. The
July averages raised the year-to-
date gain>to 17.3 per cent.
In the last Is months these same
bonds have scored an average gain
of 173 points. or an increase of 56.3
per cent, Office building issues lead
ing the upswing.
Addison Heads Law Group.
Francis G. Addison, jr.. president
of the Security Savings & Com
mercial Bank, has been reappointed
chairman of the Law and Legisla-
tive Committee of the District Bank
ers Association, President Sidney F..
Taliaferro announced today. Other
appointments follow:
Law and Observation-Disclosures G. Addi-
son, jr, chairman, Security Savings q
Comme5eial RobsIt y remng vice chai air
Bank; John A.. Reilly, Second National:
George Hamilton, jr., Union Trust Cor
co roya E. paSs Enson ns!
Lanier P. McLachlen. McLachlen Banking
Corp.
Bank Of commeree ( Savings Ss'' L fa ?.
harrell vice chairman, Morris Plan; S.
Wilson :, Earnshaw' National Capital l.. Ed g
ington; F. P. Hartman. jr., Hamilton Ma
tional. Robert v. Mellefont, National Cap
ital; William Bowie, Prince Georges Bank:
Edward c. Holmead, Suburban National:
l.. Clark Brown, Union Trust.
STANDARDIZED Banking Forms-Richald
4 Norris chairman, Lincoln National Ju-
Bank; George NJ. Fisher, Washineton Loan
e. Co.: Alan B. Prosise. Arlington Trust;
george T. Day, Suburban National; r.
Earle Haycock, Riggs National.
Bank: Nelson B. 6Neai an vice e Chairman Gry
Risgs National; Francis G: addison. il.
Savings Temmerea Lanisr
Fred Mckee. Security Savings & Com.
mereial; M D. n Rosenberg; Bank q Com
Prince Georges Bank; Joshua Evans, jr.,
Hamilton National.
Four Promotions Announced.
Douglas R. Smith, Charlotte A.
Engel and Frederick j. Burrell have
been elected assistant secretaries of
the National Savings & Trust Co.,
and Scott D. Morris has been made
an assistant treasurer, President
Bruce Baird announced today.
Mr.. Smith, with the bank since
1881, is now aide to the president.
Miss Engel is the first women elect
ed to an official position in the
company's 70 years history and is
in charge Of clerical operations in
the trust department. Mr. Burrell
handles the purchase and sale of
securities for the trust department,
while Mr.. Morris, who started as
a runner, has been teller for years
Bank Elects New Director.
Directors of the Washington Loan
& Trust Co. have elected Ralph
Bradford a member of the board.
President Harry G. Meem announced
today. Mr.. Bradford, who is secre-
tary and general manager of the
United States Chamber of Com
merce, will fill the vacancy caused
by the recent death of DR.. William
ThornWall Davis. He lives in Vienna,
Va.
Electricity Sales Climb.
Kilowatt hour sales of the Poto-
mac Electric Power Co. in the Dis
trict of Columbia in July totaled
l20.111 ,225 hours, an increase of g.
349,948 over July, l943, or 2.69 per
cent. Railroads and railways used
less electricity than a year ago. but
other sales were substantially higher,
today's report said.