Evening star., 1947-07-14
kidyear Finds Stock!
On District Exchange
Moderately Lower
By Edward c. Stone

Midyear finds many issues listed
on the Washington Stock Exchange
only moderately lower than at the
beginning of the year, a survey
shows. In fact, some stocks such
as Woodward & Lothrop preferred
and Security Storage are higher
The store stock recently sold at
131 II and Security Storage at 1121a.
At 1870, Norfolk & Washington
Steamboat stock is of only points,
Capital Transit. at 25h, is down g.;
Potomac Power and Washington
Gas issues have held up well, as
have several miscellaneous stocks
Peoples Drug and Carpet Corp. are
off only a point from their first
1947 sales. The spread has been
wider in store stocks which have
recently displayed rising trend.
Real Estate Title Insurance has
gained 10 points this year. closing
1916 at 1873 and selling recently at
1873 Some bank stocks on the board
reveal declines of considerable pro-
portions. In contrast. Bank of Gem
SC GS SAVINGS, ClldCb 10 1V
at 1856. moved recently at 1863. Lin
coin National registered 365. Ma
tional Bank of Washington was up
21s points in the half year, the
survey shows.
Banks Deposits Up S243,522.
Deposits of the Industrial Bank of
Washington scored a gain of SPAS, ,522
in the first half year. On June 80
deposits totaled S., 5,792,867 as COM
pared with $5,549,345 in December, a
very high percentage advance.
Oficials said today that more than
S150000 of the increase was due to
Christmas savings club payments.
The rest was just normal business
increase, they added.
Industrial is the only bank in the
city now operating Christmas saw
ings clubs.
Financing at 10-Year Peak.
New State and municipal financ-
ing during the first half of 1947 set a
record high for the past 10 years,
totaling $1.417, 400, ,755 as compared
with s601 .032 $50 during the first half
Of l946, according to the Daily Bond
Buyer. Total for June was $209, ,327,-
1856 as compared with $l30, 0,851 ,041 in
June of 1916.
The District Building and Loan
League has been informed that
about 100000 families have made
home loans from these institutions
since 1880. The average amount for
which a home was mortgaged was
the modest sum of 1926, the report
said. This is considered a healthy
condition.
Mrs. McAlister in Capital.
Mrs. Ace McAlister and her hus-
band. of Dallas. Tex, who built up
one of the largest advertising syndi-
Gates in the United States, are in
the Capital for a conference with
advertisers and statesmen at the
Statler Hotel Mrs. McAlister played
leading part in putting five big
companies into one. AS head of the
organization, she has made bril-
liant record in spite of violent at
tacks Of arthritis, forcing her to
carry on much of her work from a
wheelchair. She started her career
in radio work in New York.
Bank Opened in Bethesda.
The new branch Office of the SUBJ
urban National Bank was opened in
Bethesda this morning at 7444 Wis
consin avenue. The branch got
away to a good start with good
natured contest for the honor OF
first customer"
The first half days business was
most. gratifying, Fred L. Lutes, the
president, said. The Office is in
charge of Joseph T. Howard, assisted
by Wilson w. Rich. Many business
friends in Bethesda sent flowers for
the opening and many of the banks
directors visited the office.