Evening star., 1950-03-21
D. T.. Counter Market
Firm and Active; j
Bank Stocks Rise =
By Edword c. Stone

In the Over-the-Counter Market
has recently shown much more
activity resulting in increased
sales at firm prices, investment
dealers reported today.
Demand for bank stocks has
improved. with Second National
and National Metropolitan being
among the more active issues
Second National is selling at S11C
a share and National Metropolitan
at $S2.
Anacostia National is selling al
1928. City Bank, $40; Hamilton
National. $4s; Industrial, SIT;
Munsey Trust. $125; Security
Savings 81 Commercial, $212
Issues in the suburban banks are
also drawing attention.
Lincoln Service common stock
has climbed to A, a new high fol
the year, while Mayflower HoteI
stock has moved from to 10A
Pending the opening Of the league
season, Washington Baseball stock
is carrying a bid of s95 share.
Real Estate Mortgage & Guar
anty common has jumped from
$50 to $35 a share, due, it is under
stood, to an advantageous sale OF
a valuable property by the COM
pany.
Woodward Officers Advance.
Woodward g. Lothrop directors
made three important promotions
at their March meeting. Andrew
Parker, president, announced.
P. M. Talbot, in addition to his
duties as senior vice president,
was elected to the Office of secre-
tary.
D. Randall Buckingham, super
visor OF service and food depart
ments, has been relieved of the
duties Of secretary and elected
vice president. He has been with
the firm u years.
Robert E. L. johnson was
elected to the Office of assistant
vice president in charge of Su-
burban stores, very important
position in view of the firms pres
ent expansion program. Until
194S, he was connected with
Strawbridge g. Clothier, Phila-
delphia; as branch store man.
ager.
Record Attendance Seen.
The American Association OF
Advertising Agencies will have a
record attendance Of more than
500 at the 32d annual meeting to
be held March 30-April l at White
Sulphur Springs. w. Va. Secre-
tary of Commerce Sawyer is
among the speakers.
The seventh annual convention
Of the National Savings and Loan
League will be held in Chicago
May 28-June 2, it was announced
at headquarters here today. Home
construction, ways to get busi-
ness, when and how to advertise,
and personnel problems are topics
to be discussed.
The Society for the Advance
ment Of Management meets this
evening in Room S, Interdepart-
mental Auditorium, speakers be-
ing John Frantz, John Oliver and
E. A. Kenyon.
Standard 81 Poor's Corp, which
has rated corporate and foreign
bonds for rs years, has expanded
to include State and municipals
Bankers Attend Reunion.
The thirteenth annual reunion
and conference of the Graduate
School Of Banking took place in
New York Saturday. Graduates
from Washington included Ken
meth Birgfeld. Frederick j. Bur-
rell, John M. Christie, Luis F.
Corea, Carl E. Dunnington
Thomas Grant, jr., Donald A. Nc
Cormack, and Paul j. Seltzer. A
busy days program was followed
by the annual dinner.
Fred A. Smith, president of the
District Building and Loan League
and a large delegation OF Wash
1ngton members will leave here
later in the week for Hollywood
Fla, to attend the annual meet
Ing OF the Southern group. j. G.
Stephenson of Nashville will pre-
side. Clarence E. Kefauver, pres
1dent OF Columbia Federal, will
address the conference on Lend
ing Policies"
Stock Plans Approved.
Stockholders OF the Knott Corp.
which owns the Houston Hotel
have approved recapitalization OF
the company and a change in the
name to the Knott Hotels Obrp
Stock will be increased from 25O,-
900 shares of 81 par value to
1 million shares of IS par stock
A 65-cent dividend. raised from
50 cents, was paid on March II.
District Of Columbia families re.
ceived $2,343,265 in benefits from
the Equitable Life Assurance So.
clety during l949, the annual re-
port said.
American Airlines begins trans.
continental aircoach service in 10.
passenger DEG planes on April 9
Pcpco Proxies Sent Out.
The Potomac Electric Power Co
has sent notices of the annua
meeting on April Is to stockhold.
ers. Slated for reelection as di.
rectorS are:
Lee D. Butler, Albert L. Cox, F.
w. Doolittle, R. Roy Dunn, James
H. Ferry, Robert v. Fleming
George E. Hamilton, jr.; William
H. Lpscomb. William Mcclellan
Alfred G. Neal, Harry L. Rust, jr.
and Wilmer j. Waller.