Evening star., 1947-08-17

mittee. 1S3
bert c.
Baker, vice pres C. H. Pope.
ident of the American Security &
Trust Co., was named chairman of
the speakers unit; Francis E. Robey.
vice president, Bank of Commerce
& Savings, chairman, standardized
banking forms; and Barnum L.
Cotton, vice president, National
Savings & Trust Co, chairman,
treasury relations. The complete
committee personnel follows;
Public, RslatIonsz-Mr Pope, chairman;
eurity; vice CHAIRMAN; Daniel j. Canshsn.
of Silver Spring: Joshua Evans, .!r,, Ha mil.
ton; Stuart s, ogilvie. Second National
Speakers Unit77-Mr- Baker. chairman:
Chairman; Daniel W. Bsii; American Sc
DAVID S. Hendrick, W, B, Hibos &, Co.
Reilly, Second National,
STANDARDIZED Banking Forms - Mr..
Merchant, Arlinrton Trust; James 3.
Treasury Eioffls RelsoaMr Cotton chair
man: A NJ McLachien. McLachlen Bank,
vice chairman: M F. Calnap; Liberty Ma
il:gs; Fred L Lutes. Suburban National:
Jonn C. Mccormack, Riggs National.
Store Stocks Show Increase.
Stocks on hapd in Washington
department sstores at the end Of
June were II per cent higher than
a year ago and were up 10 per cent
in the Fifth District. the Richmond
Reserve Bank reported yesterday.
Outstanding orders for merchan-
disc, however, we're 81 per cent lower
in the stores here. Receivables were
20 per cent ahead of June 1916 OF
current bills due June l. 43 per cent
were paid during the month. In
stallment collections were % per
cent of the amount due on June /.
Store Sales Vary Slightly.
Department store sales in WASH
ington for the weak ended August
9 were 2 per cent under the CORES
ponding week last year and down
5 per cent in the Fifth District, the
Richmond Bank said Washington
sales were up per cent from the
previous week this year.
Cumulative sales in the four
weeks ending August were / per
cent lower than year ago, in WASH
ington, and per cent in the Fifth
District. Sales from January through
August 9 were up 3 per cent in the
Richmond District and 9 per cent In
the Nation.
Loan Leagues Assets Climb.
Details from the monthly report
of Secretary F. Wilson Camp OF the
District Building and Loan. League
show that resources of the 27 as
amounted to $307,1l6 600
at the end of July. after advancing
from $275 100000 on the same date
last year.
Real estate loans scared $47,00O.-
900 during the year to new peak
of $270,570,o0O with savings share
money also increasing by $25, 10000
to $260,00O ,000 The associations
now have 225,000 patrons, the report
said.
Phone Stations UP 21,521.
Telephone stations in the Dis
trict at the end of July numbered
394,041 against 372.520 year ago,
an increase of 21.521, Chesapeake &
Potomac Tclcnhone Co. officials an
nounced ye7terdav.
Average daily calls in July, 1947,
1,728.467 in comparison
with 1.772.500 in the like period a
year ago. the report stated.
The Federal Home Loan Bank
announced yesterday that In the
first half of 1947 nonfarm real
estate financing totaled $5,330,00O.-
600, an increase of II per cent over
the same months last year, larger
average loans being the cause.
Heard in Financial District.
G. Bowie Chapman, head of the
Washington Office of Laidlaw & Co.,
is at his Massachusetts, avenue home
recovering from an operation per-
formed at Doctors Hospital He
was spending the summer at Cliff
ton Springs, N. Y, when taken Ill.
Mr.. Chipman has been active In the
district longer than any
other financier connected with a
New York Stock Exchange firm.
Charles F. Suter, assistant gen.
eral agent of the Berkshire Life
office here, has been graduated
from the Life Insurance Agency
Association. at the
Hotel in Chicago.
Giles H. Miller has been elected
president of the Lynchburg Ma
tional Bank & Trust Co. He has
many Washington friends.
DR.. Paul Sanders, editor of the
Southern Planter. has been elected
a director of the bank of Virginia,
Needham Reviews Legislation.
D, J. Needham. general counsel OF
the American Bankers Association,
has sent review of legislation af-
fecting banking in the 1947 Con-
gress, to secretaries of State assicia-
lions. He says each bill retains it's
present status and will be taken up
IN the next Congress. The summary
IS most comprehensive
The death of Hilleary G. Hoskin-
SON. senior vice president of the
Riggs National Bank, shocked the
financial district yesterday. He had
IN exceptional banking career and
4 very strong personality.
Jerry P. johnson, general man.
'ger of the Terminal Refrigerating
& Warehousing Corp, will have a
for business associates at
lis Brentwood home next Saturday
afternoon.
E. L. Fletcher. manager of the
Office of w. 85 J. Sloane.
1as been elected assistant vice pres
dent of the company, w. E. S.
5riswold. ir.. president announced
He has been with the
firm 10 years.
Dx:~o Clu~n Tkpoakone