Evening star., 1946-10-06

Wilson was an examiner Tor the Re
construction Finance Corp. witt
headquarters in Washington. II
1887 he took his present position a,
president of the First Bank g. Trus
Co.. Perth Amboy. N. j.
Capital Store Sales Climb.
Showing further substantial gains
department store sales in the Capita
for the week ending September q
were II per cent above a year ago
while cumulative sales for the foul
weeks ending on the same date wers
81 per cent above year ago. Sales
however, were OF Is per cent from
the preceding week this year.
In the 5th district retail sales were
up Is per cent for the week and n
|in the four weeks, the report said
Bank Profits Up Sharply.
Net operating earnings Of nationa
banks in the United States anc
possessions in the first half veal
totaled $317 7,474, 600, an increase ,oi
$50 $50, 900 over the like l945 period
Controller of the Currency Preston
Delano reported yesterday.
In the six months net profits
before dividends, amounted to $780,.
593 900, an increase of $31 ,325 .00(
over the half year ending on JUNE
80, 1945.
The chief items in operating earn.
ings were 1851 ,602 900 from interest
on United States Government OBJ.
legations and $51 Isl 900 interest and
dividends on other securities, q tota.
Of $4l2,853. 900 and up $53,Sl4,00
from last year. Interest on loanl
gained $44. .868, 600. Service charge.
on deposit accounts brought ir
So, 3,0l0 900.
Principal operating expenses re.
vealed an increase of $34, ,400, 900 ir
salaries, wages and fees. A total oi
$50 ,S9l 900 paid in interest on timt
and savings deposits was an fncreast
Of 81 1874 900. Gross earnings wer,
$l1 ,766 900 ahead of the same month,
in 1945. Cash dividends on banl
stock were increased by $5,000, 900
totaling t78,108, 900.
ID. C. Accountant Honored.
At the annual convention o.
the American Institute of Certified
Public Accountants, at Atlantic City
Eugene H. StaSsel. "a. Of 1883 Euclit
street NV, was awarded the Isaat
Watts Sells Medal, for achieving tn,
second highest mark in accounting
examinations, among 2,138 can.
didates.
The presentation --as witnessed b,
John M. Stoy. L. o. Manley, j. K
Motyka, ]. T. Malone. T. S. Durham
and James A. Councillor, jr., Wash.
ington delegates.
The next meeting of the institut,
will be held at the Mayfiower Hote
Tuesday evening at $50. Specia
Agent James E. Nugent of the FB.
will speak on ''Investigative Ac
counting"
Leading Producer TO Speak.
Frank l.. McFarlane Of Clevelan,
will address the District Life Under
writer's Association at the Mayflowel
Hotel next Thursday at the October
luncheon, w. Neal McChord, pres
ident, announced yesterday. Mr.
McFarlane has been a $1,000 90
producer for years with the North
western, having written 81 ,692 900 II
1915. He will talk on Professions
Life Underwriting"
Perry B. Hoover, who has beer
active in the financial district fol
many years, has become associated
with the Washington office of Laid
law G Co., G. Bowie Chapman an.
nounced yesterday.
Capt. Kenneth G. Clarke, afte
five years in Army service. has joine,
the Charles w. O'Donnell Agency o
the Guardian Life Insurance Co. o
America.
Frank T. Koons and H. r. Freden
burgh, Connecticut Mutual. have be
come members of the President
Club, q production honor.
Bid for Bank Stock Scars.
The over-the-counter bid TO
Columbia National Bank stock ha
advanced from $500 to $40 a shar
since the plan for merger with tn
American Security g. Trust Co. wa
announced a few days ago.
Stockholders of the Columbia Ma
tional will receive more than $400 /,
share for the stock, according to tn,
American Security offer to be votet
on early in November.
| Anrkaf AvaynnaS