Evening star., 1950-05-18


Stanley Curran, Paul 1mler. Vance
M. Johnston, Warren A. Melhorn,
Searcy C. Spears, Robert c. Will
liams and Ben c. White.
Myron w. Kruger. New York.
spoke on THE Accountants Serv-
ice to Management" C. Vernon
Hill was technical chairman.
Building Permits Top 1S49.
Washington stood 18th among
Is cities in building permit valu-
ations in the first four months of
the year. according to Dun &
BradStreet's review. The Capitals
building permit valuations totaled
$22,750,143 as compared with $14.-
354,817 in the corresponding four
months of 1949.
Cities exceeding Washington in
permit totals were New York. Los
Angeles, Detroit, Chicago, Hous-
ton, Philadelphia, Baltimore, Dali
las, New Orleans and Pittsburgh.
Just under Washington were Mil
waukee. San Francisco and Miami.
Permits in 215 cities set new all
time high in the four months
under review.
Bond Outing to Draw 300.
About 800 members and guests
will attend the Washington Bond
Clubs outing at the Manor Club
tomorrow afternoon and evening,
Chairman Thomas P. Anglin an
nounced today. The famous mock
stock exchange session will be ham
died by Eddie Rouse and John
Garner.
Austin Rohrbaugh of Rohrbaugh
81 Co., is stated for election as
president of the club, succeeding
William C. Coe of Mackall g. Coe.
Other committee chairmen in
clude Bernard Nees. Francis Hunt
er. Willis Hurd, Norman Farquhar,
Thomas Trevette, John Merriam,
Joseph Kreeger and Samuel
Brysan.
Rights Sales Increase.
Trading in Potomac Electric
Power common stock rights" is
increasing on the Washington
Stock Exchange. Sales were very
heavy early today while in yester-
days market blocks of 1000. 1000,
5000 and one sale of 1900 war;
rants were registered. The ex-
change has never known such
trading in any previous rights.
Most of the rights have sold this
week at 9 cents right.
The Public Utilities Commission
has under advisement an applica-
tion of the Chesapeake g. Potomac
Telephone Co. to issue and sell
$l5,000,000 additional capital stock
to the American Telephone g.
Telegraph Co.
Holders of $20,000.o 900 Potomac
Electric Power 3l4%o bonds. due in
1866. have been officially notified
that the issue will be redeemed at
1929 on July /.
Senator Guest Speaker.
Seven hundred people will at
tend the third annual dinner at
the MayfloWer this evening of the
Federation of Railway Progress.
Senator Edwin c. Johnson. chair
man Of the Senate Committee on
Interstate and Foreign Commerce,
will be the chief speaker.
Miss Charlotte A. Engel, trust
officer, National Savings & Trust
Co.. will entertain members of the
Association of Bank Women and
guests at a breakfast Sunday
morning. The annual dinner is
Saturday night.
w. S. Lockwood and H. c. Bug
bee, of the National Rubber Bur-
eau. will give a reception this
afternoon at the Willard for Tuan
Ahmad Bin Shiekh Mustapha and
Dsto E. E. c. Thuraisingham,
Malayan rubber experts.
Eckel New Insurance Head.
Richard E. Eckel. Northwestern
Mutual. was elected president of
the Life Insurance Club of Wash
1ngton, succeeding William D.
Macy, Sd, of the Phoenix Mutual,
at the Washington Golf and
C~"1try Club last night.
Bert H. White, Phoenix Mutual.
was elected vice president and Ar
thur c. Pearson, Massachusetts,
Mutual, secretary-treasurer.