Evening star., 1949-10-17
Capital Bank Stocks
Sold Over Counter
Reach 1949 Highs
By Edword G. Stone

By Edword c. Stone
Washington bank stocks. sole
over the counter, are practically
all selling at highs for the yeal
after displaying exceptional firm
ness in recent weeks. Bank stocks
on the Washington Exchange
have made the same record.
Over the counter, Anacostia Ma
tional now carries bid of 226;
Bank of Silver Spring. 13; City
60 Bank. 65; Hamilton National, At;
Industrial, II; Munsey Trust. 1875;
National Metropolitan, 81; Old
sDominion. 10; Second National
s105; Security Savings & CONNER
{cial. 213, and Suburban Nation
Eal, %.
& On the big board" American
Security is selling at 80. Bank OF
SCommerce & Savings. 1886; Ma
Stional Capital, 27; Riggs National,
1898; Union Trust, 3512; Washing
ton Loan &, Trust, 339. Bank
earnings in the third quarter were
reported as highly favorable.
Section Chairmen Named.
Edward A. Dent, jr.. assistant
trust officer. National Metropoli-
tan Bank. chairman of the Fidu-
Charles Section of the District
Bankers Association. has appoint
ed the following committees for
1.-The coming year:
Z Prosram.-Herman Lauten. chairman
Farl Jonscher, Frank E Davis, Henry H
trust Law and Legislation-willsrd G
Edwin B. Shaw. j. Wesley Clampitt jr.;
Bernard Bernard l. ,nsa. Amiss Aubrey 2. Dooley
T9ss inSsf@1sn5 WiIBnf pieser FTeassieE
an5Gh 6ads John }5 sf'fR n Be- Mareo Fss'sF Henry
shairman; q. N MeLaren: Joseph L
BAUM chs2lette nG2efS En.e H'io warren NosS
! Taxation - John Sumter, chairman;
fTeaef f6efd Mildred nHE EaVfIa a Marshs Mhi'e William
Douglas Smith.
rontaine Hall J. Lawrence Sheldon, Will
liam Palmer
Woodward Stockholders Meet.
Stockholders of Woodward g.
Lothrop, Washington department
store. held their annual meeting
at noon today. Andrew Parker
presented his annual report which
showed total sales just under last
year but net profits of $1.0e2,2 ,271,
gain of 433 percent.
- Net profits on the common
stock amounted to $500 per share
against s2.5l for the previous year,
an increase of ST. 48 or SO per cent.
The program called for vote
by the stockholders on the COM
pany's plan to build a $4,000 900
store at Friendship Heights. OFF,
GERS were to be elected later in
the day, with no changes contem-
plated.
Stockholders of the National
Mortgage g. Investment Corp. re-
elected the present board of direc-
tors at the annual meeting. At
the organization meeting. Joseph
B. Schaaff was reelected presi-
dent.
Butterworth Joins Bache.
Spencer K. Butterworth, who
was deputy of the tin, lead and
zinc division of the War Produc-
tion Board in the last war, and
was also connected with the
Civilian Production Administra-
ton, has joined the metaf% depart
ment of Bache g. Co., New York
Stock Exchange firm.
A taxation and license fee guide
for the District of Columbia, COM
piled by Charles j. Rush, execu-
tive secretary-treasurer of the
Washington Real Estate Board
and published by the Lawyers
Title Insurance Corp. of Rich
mond, Va, is being widely dis
tributed here.
The Old Dominion Bank, Ar
lington. Va, is planning a special
advertising campaign, in charge
of Henry j. Kaufman g. Asso-
ciates. The bank has three
branches.
Housing Needs Being Met.
More than half the American
people are being confident that
private builders will meet the de-
mand for housing over the next
five years. according to a survey
made for the United States Build
ing and Loan League.
Only Is per cent of the people
would move tomorrow if they
could find another place; SIS per
cent are satisfied, and 81 per cent
want something better eventually.
The cost-of-living problem is
considered much more serious
than the housing situation by a
majority of people consulted, the
review said.
Arthur c. Babson. vice president
Of Babson's Reports, Inc, was
here today to address the annual
meeting of clients at the Willard
Hotel this afternoon. He is highly
optimistic on the outlook for
Washington business. Earl L.
Smith, investment analyst, also
was to speak, with Kenneth v.
Berry presiding.
Maj. Gen. John Hilldring, U.
S. "a. retired, has been elected a
director the Pressed Steet Car Co.,
Inc.