Evening star., 1945-01-07

nome FRONT IN
Action" and DR..
E. A. Kincaid, Sidney Taliaferro.
consulting economist, Federal Re-
serve Bank of Richmond, who will
discuss Some Aspects of the Transi-
tion and Postwar Periods"
High Government officials have
been invited important reports will
be presented, and buffet supper
will be served.
New Quotation Plan Adopted.
Wallace H. Fulton, executive direc-
tor of the National Association OF
Securities Dealers, announced yes
terday that new plan for quoting
securities sold over the counter has
just been adopted in all the larger
cities of the country.
The quotations are intended to be
the actual prices at which members
of the association will trade with
the general public, in other words
retail quotations" In the past
many of these prices have been
named for wholesale transactions
among dealers.
Edgar B. Rouse of Robert c. Jones
& Co., is chairman of the Washing
ton Quotation Committee. There
will be no marked changes in QUOTA
tions on Capital securities as they
have always been close to the actual
market.
Usual Trade LetdOwn Noted,
Following the Christmas rush, de-
partment store sales in the Capital
for the week ended Saturday, De-
cember 30, were 7 per cent lower
than in the same week a year ago
the Federal Reserve Bank of Rich
mond reports. Sales in the 5th dis
trict were off per cent.
Sales in the Capital revealed a
drop of IA per cent from the pre-
cedin4 week which saw the end of
holiday buying. In the four weeks
ending December 80 sales here was
II per cent ahead of last year.
Resou kes Reach New Peak.
Resource of the American Build
ing Association gained S1,700 900
during 1914, reaching a new high of
S18,916,000, Secretary Wilfred H.
Blanz told shareholders at the an
nual meeting just held Reserves
were increased substantially. Divi-
dends paid in 1914 totaled S475. 900.
Charles H. Kindle was reelected
president; Arthur C. Balser. vice
president; Wilfred H. Blanz, secre-
tary; Howard B. Cramer, treasurer:
r. Lee Baxter and Bernard j. Coyle,
assistant treasurer; Alton H. Helm,
assistant secretary. All directors
were reelected.
First Federal Assets Climb.
A. E. Giegengack, president, and
G. H. ElllngSon, executive vice preSi-
dent of the First Federal Savings &
Loan Association. yesterday reported
to depositors that assets have
climbed to $19,033,498.
Savings and investment accounts
made a gain during 1914 of S3,O61,-
OBI, while first mortgage home loans
increased 81 1902, 110. Mortgage loans
total $13243 $40, in addition to S4.-
$4,000 invested in United States
Government securities.
A dividend at the rate of 219 per
cent per annum was declared for
the last half of 1914. making a total
OF S37o,397 disoursed for the year A
department for handling GI loans
lids Uceli GSGdOl1SIleQ.
ID. c. Accountants Pass Exams.
The Board of Accountancy for the
District of Columbia announces that
James E. Gletner, Raymond E. Lang,
Lewis E. Rossiter, William F. She'd,
jr.; John F. Weeks and Kurt VIM
dler passed the recent examinations.
Paul Speicher, managing editor
of Insurance Research and Review
Service, will address the District Life
Underwriters Association at Thurs
days luncheon at the Willard, Presi-
dent Vernon w. Holleman an
nounced yesterday.
The spring educational meeting of
Washington chapter, American In
stltute Of Banking, will be held at the
New World Restaurant, Tuesday
evening, according to Thomas j.
Norris, educational chairman. Full
plans for the second semister will be
announced, followed by a buffet
supper.
Farm Income Sets Record.
The Federal Reserve Bank of
Richmond's Monthly Review states
that overall industrial production
levels seem to be receding, but farm
income in the 5th district will estab-
liSh new high record in 1914, with
tobacco income increasing more
than 40 per cent and accounting for
the largest part of the increase.
Employment levels in non-agri-
cultural industries continue to de-
cline, but bituminouS coal has done
a grand job in keeping up produc-
ton despite loss of workers, the re-
view said
New Offices Opened Here.
The National Association of Re
tail Clothiers and Furnishers has
opened Offices in the Washington
Loan & Trust Building, following re-
moval of headquarters from Chicago
in order to be closer to Government
agencies which are in constant touch
with the clothing business.
Louis RothSchild formerly man.
ager of the Washington Better Busi-
ness Bureau and member of the
District bar, has been elected execu-
tive director of the association, sue
ceeding Allen SinSheimer, resigned.
Transit Issue Appears Near.
Early action is expected by the
PUG on the Capital Transit request
for approval of a bid of 981a for the
proposed 12,5000,000 bond issue.
This would bring the spread from
212 to IL and increases the amount
to be paid the company for the
bonds by Alexander Brown & Co..
and associates.
Approval of the SEC also has to be
obtained. 1t is believed in the
financial district that the COM
promise will be agreeable to both