Evening star., 1949-09-19
3 Women 10 Receive
Alb Certificates al
Dinner Tomorrow
By Edword c. Stone


Certificates of the American In
stitute of Banking will be award
ed tomorrow evening to eight
Washington women bank en-
ployes who successfully completed
banking courses during the past
year. Their commencement ad-
dress at the Mayflower Hotel edu-
cational dinner will be given by
Miss Anne j. Erste, personnel
assistant Of the Federal Reserve
Bank Of Cleveland.
Mrs. Ethel Read White of the
American Security g. Trust Co. is
chairman of the Women's Com
mittee Of Washington Chapter of
ALB. in charge of the graduation
program. The mems graduation
was held last week for Is grad
yates.
Women receiving certificates are:
Standard course, Miss Mary
Squires of Arlington Trust Co.:
prestandard course. Miss Eleanor
Omohundro of Union Trust Co.,
Miss Eleanor L. Watt of National
Metropolitan Bank, Mrs. Joan T.
Reiss, Miss Marguerite Detterer
and Miss Rita M. Driscoll, all of
American Security & Trust Co.;
Miss Peggy Marie Young of Union
Trust Co. and Miss E. Pitblado
Feldman, Liberty National Bank.
Packard Buys Loving Motors.
Loving Motors, Inc, dealers in
Packard automobiles for many
years. has been sold to the Pack
ard Federal Corp, Graham Loving,
president, announced today. The
company is a family partnership,
Mrs. Loving being the other mem
Der.
The Packard Federal Corp. will
continue to operate Loving Motors
under that name. The salesrooms
at 1922 M street NV. will be given
up and new salesrooms opened at
5000 Connecticut avenue.
Packard service will continue to
be operated at Seventeenth street
and Kalorama road NV, with
used-car sales service at Four
teenth and N streets NV. The
plan to build on the lot has been
abandoned.
Mr.. Loving will remain with
% Nty vi aNrcf11fayof
White Named Agent Here.
Warren H. White has been
appointed general agent of the
New York Centrals passenger de-
partment here. effective October l..
He will succeed H. H. Harwood,
who has been appointed general
passenger agent of the Pittsburgh
& Lake Erie Railroad, Central
affiliate. Mr.. Harwood's new head
quarters will be at Pittsburgh.
Mr.. White. who will have head
quarters in Washington at 228
Shoreham Building. has been gen.
eral agent in the Central's pas
senger department at Portland,
Oreg.. since 1947.
Born in Quincy. Mass, in 1916,
Mr.. White graduated from Har-
ward College in 1887. He entered
the Central's service as a clerk
in the passenger department at
New York in 1887.
Savings Deposits Improve.
Total deposits of all insured
banks on June 80 amounted to
$149, ,000, 900 900, slightly higher
than year ago, Maple T. Harl,
Federal Deposit Insurance Corp.
chairman. reported today.
Savings and time deposits con-
tinued to rise during the year
ending June 80 while demand de-
posts were smaller than a year
ago. Total assets were higher.
Deposits and assets were both
smaller than at the beginning of
this year, Mr.. Harl said.
Total assets of the 1923 in
sured commercial banks amounted
to $147 600, ,000, 900. off 5000, ,000-
600 this year. Assets of mutual
savings banks continued to grow.
C. & p. Rates Reviewed.
The Chesapeake g. Potomac
Telephone Co. is distributing a
booklet, "A Story of Progress in
Washington" in an explanation
Of the need of higher telephone
rates, and the request for an in
crease Of about 13 per cent.
The statement says that prices
in general for food, clothing. etc.,
have gone up IS per cent in Wash
ington while telephone rates have
gone UP on an average of less
than 10 per cent. and with the
increase would be up less than
"a per cent.
Telephone rates here are up
much lower than in most other
places, the company states. Good
service. good wages, steady jobs
and a fair return for investors
are the main reasons for the ap-
plication for a rate increase, the
statement asserts.
Air Cargo Officers Named.
Directors of Air Cargo, Inc,
have elected Admiral Emery s.
Land president and director to
succeed Fred M. Glass. resigned.
Emery F. johnson, secretary of
Air Cargo, was elected general
manager; Russell S. Bernhard,
assistant secretary. and Robert
Guest, treasurer.