Evening star., 1947-08-10


Hurlbert T. Bisselle. vice president.
Riggs National. publicity: Ralph
Endicott. treasurer. Washington
Loan. personnel; George A. Didden,
jr., president. National Capital. pro-
tective committee: reappointmsnt.
Other Committee Members.
The other committee members.
all top bank officials. include tbs
following financiers:
Advertising and Publicity--,Mr. sissells.
Washington. vice chairman; g. Wilson
Earnshaw. Anscostia National: P. J.
McMahon; Munsey Trust; w T. vandoren,
Trust.
Law and Lesislative--Mr. Addison.
chairman; Robert v. Fleming, Riggs Ma
ss.MI,ts sional savinss Daniel Daniel Bel American
Eawrenee. ' National to- % SAVINGS; s' Lanier amer ?.
MeLLachlen. MeLaehlen Bank; John A.
Personnel and operations--Mr. gndi-
National. vice chairman: joseph R. Fit11-
Groom. commerce 4 savings: 4. Scott OF:
tutt. Union Trust, J.: Robert Sherwood.
Prince Georges BANK d trust.
Elmer Father: Union Trust. vice chair
man; Guy p. Cowl. McLachlen Bank; J., O.
PILES ,r CITY sTaT Bank yilsm sls,asS sehSolsy'
Taxation-Mr; Burton, chairman; John
Raymond 6. Marx. Risss National; Willard
Lachisn. McLschlen Bank; Frederick P. II.
Sidders. American Security.
Capital Store Sales Of.
Department store sales for the
week ending August 2, we're 4 per
cent under sales here year ago.
the Richmond Reserve Bank re-
ported. Sales in the Fifth District
were down S per cent
Washington store sales were per
cent higher than in the preceding
week this year but cumulative sales
in the four weeks ended the same
date lacked l per cent of equaling
last years record.
Fifth District reports varied
greatly, group OF cities noting a
13 per cent upturn over the same
week last year and jump of 43 per
cent over the preceding week this
year, the review stated.
Earnings Cover Dividends.
District Theaters Corp. covered
its dividend in the first half year.
The stock is paying current divi-
dend of 80 cents year and earned
80 cents common share in the SIX
months. against SO cents year ago.
The stock closed the week with q
bid Of 7A over the counter, offered
at 9la. The shares are widely held
in Washington where many Of the
company's 38 moving picture houses
are operated.
Mergenthaler Linotype sold at s.
in Boston Friday. The closing bid on
the Washington Exchange was IS,
with none offered. Lanston Mono
type was quoted at 18 bid and 20
asked following the extra dividend
announcement.
Bank Deposits Reveal Gains.
The National Association of Mu-
tual Savings Banks reported thas
deposits increased $602 100000 in
the first half year. $17,415. 900 900
showing gain of 3.6 per cent.
D. j. Needham, general counsel Of
the American Bankers Association,
has sent to State secretaries a de-
tailed summary of recent legislation
affecting the Federal Deposit In
surance Corp. The ABA strongly
favored the bill.
Building, and loan associations
have provided 1886, 5,632 veterans with
home ownership funds in the past
three years, the United States Saw
ings and Loan League reported yes
terday. The associations now have
"A per cent of their funds in CT
loans, the loans averaging $5,5l7 as
Of June 30. About 81 per cent has
been borrowed for newly constructed
homes and rs per cent for existing
homes.