Evening star., 1949-01-19
Stock Exchange Elects
I'll. Ang|in President,
Succeeding B. J. Nees
By Edword G.. Stone

Thomas L. Anglin, partner in the
investment firm of Mackall g. Coe,
was elected president OF the Wash
ington Stock Exchange at the an
nual meeting today, to succeed
Bernard j. Nees, partner in Johns
ton, Lemon & Co.
Joseph P. Kreeger. partner in the
firm of Robert C. Jones g. Co., was
elected vice president; Joseph j..
McCammon of Auchincloss, Parker
g. Redpath. secretary, and Austin
B. Rohrbaugh, head Of Rohrbaugh
g. Co., treasurer.
MIR. Nees. retiring president, was
elected chairman of the Governing
Committee.
Trust Company Earnings Up.
All directors, officers and mem
hers of the advisory board OF
branches of the American Security
e. Trust Co. we're reelected at yes
terdays annual meeting, President
Daniel w. Bell announced. The
only change in the official family
was the retirement of Frank j..
Stryker as a vice president ana
manager of the Columbia branch.
At the meeting of the directors,
Floyd D. Akers was elected mem
Der of the Executive Committee.
William j. Flather, jr., was elected
chairman.
The annual report showed net
earnings of S314.123. an increase OF
s69,626 over 1947. This represents
s2.39 a share, of which s1.25 share
was distributed as dividends. Earn
ines in 1e47 were S219 share. The
sum of 100000 was transferred to
the employees pension fund. Gross
operating revenues showed an IN
crease of s2es.774. Trust assets
reached SITE, 100000.
Munsey Makes Promotions.
r. D. Watkins, an assistant treas
urer of the Munsey Trust Co., was
elected vice president and treasurer
at the annual meeting. c. H. Pope
was elected president. G. d. Rat55
cliffe. vice president; P. j. McMa-
hon, vice president; F. w. StoeVer'
real estate officer; A. j. Byrne, wee
president and secretary.
Two new assistant treasurers were
named, Theodore B, Bogley and
Donald w. Wooster, both veteran
employees. Directors include George
H, Bollwinkel, Thomas w. Dewart.
Walter G. Distler, Gilbert T. Hodges.
Wallace w. Kirby, Arthur G. Lam
bert, Horace l.. Lohnes, P. j. Nc
Mahon, A. Harding Paul. c. H. Pope,
C. D. Ratcliffe, F. w. Stoever and
Arthur L. Thompson. A. Harding
Paul is general counsel. The trust
company had one OF its very best
years, Mr.. Pope stated.
Clifford Orr Honored.
Charles F. Suter, president OF the
District Life Underwriters Assocla-
ton and practically the entire mem
tership honored Clifford Orr, ma
tional president, at luncheon at
the Shoreham Hotel this noon. He
addressed the association on New
Challenges"
George A. Didden, jr., president
of the National Capital Bank. and
all other officers we're reelected yes
terday. S. Dolan Donohoe was
elected chairman Of the Executive
Committee.
Three New Directors Named.
Three new directors were elected
at the 65th annual meeting OF the
Home Building Association stock
holders, Yule Fisher, Harold g.
Havdon and John J. Mccarthy.
President Samuel M. Thrift reported
that resources reached new high
Of s1,4700Oo during 194s.
Mr.. Thrift was reelected president
and secretary. Richard L. Quisley
and Charles L. Norris, vice presi-
dents: Edgar F. Britt, assistant sec
retarv and treasurer. All directors
were retained.
Savings Drop During Year.
The controller of the currency,
Preston Delano, reported today that
savings deposits in 10 Washington
banks totaled 5000 1888 900 on De-
cember 81, 1948, decrease of SILL
se2 900 from December 80, 1o47.
Demand deposits totaled $7l5,S12.-
900 on the same date, decrease
during the year 1948 Of s6,16S 900.
Total deposits amounted to S1,0l9,-
7eo 900 on December 81, against ST.
023 .s99 900 the previous year.