Evening star., 1950-08-11
Richmond Area Banks
Gain S19S,551,OOO
In Demand Deposits
By Edword c. Stone

The Richmond reserve baIlk
reported today that demand de-
posits in 81 member banks totaled
S2.836. .428, 900 on July IL, gain
of $198,551OOO in the last IL
months.
Individual deposits were up
more than $198 million heading
the advances. Government de-
nosits came next in the upturn.
state and local governments also
increased their deposits. The
Bank also noted gain OF $780,
683 million in total loans.
The Bank reported that retal
furniture sales in Washington IN
the first half of 1850 ran per
cent ahead of last year. Whlle
lime sales were per cent better
than a year ago.
wholesale trade transacted by
1913 firms in this district IN June
was IL per cent better than
wear ago. The largest advance
was in hardware, % per cent.
Drug sales were up 10 per cent
dry goods IL and sales in "a mis-
cellaneous is per cent.
Woman Director Named.
Thelma Davenport, special
agent of the Northwestern Mutual
Life Insurance Co., has been ap-
pointed a director of the District
Life Underwriters Association by
President Charles P. Rice. c..
Mrs. Davenport is the nlS'
woman director of the aSsocla-
ton in its Al years existence
She is past chairman OF the
women Underwriters of the asso-
citation and is a qualifying mem
her of the Life Insurance Lead
ers Club. Mrs. Davenport has
been president of the District
business and Professional Wom-
ems Club and active in other CIVIC
clubs.
Eastern Orders LOckheedS.
Eastern Air Lines has ordered
four additional Lockheed Super
consultations, Eddie Rickenback-
er. president, announces.
Net income of Capital AirllneS
in the six months ended June 80
from operations amounted TO
$500, ,26o against $92,035 in the
first half. of 1949. During the
year ending June 80, the COM
pany's debenture debt declined
$l.131 500.
Trans-World Airlines has pur-
chased six additional Constella-
ton airplanes from Lockheed Air
craft Corp.
Committee Heads Chosen.
Samuel w. Fry, jr., president OF
Washington Chapter American
Savings and Loan Institute, has
appointed his leading committees
for the coming year as follows:
OBSERVATION-DISCLOSURES Schwertner. chair
man; Richard Sinclair, VICE GnaIman'
Dom B. Thomas, Stuart O. ThoimpSqdd' Ioip pd
Joseph BT5ke Hi Msm f
chairman; Robert F: McConkey. vice cnair-
man; Vivian D; Loving, william E. & Grimm nm
H. y.
James CLARK, Worth Arnold: o,o,ror
Program-Donn B. Thomas, chairman'
Stuart O. Thompson, vice chairman. JoSeph
F. Zegowitz, jr. Ann Fsgue, John U. Ray
Publicity-charles E. Frazier. CHAIRMAN;
John H. Thompson. vice chairman' MSFS
finance and BudsetSJohn W. stadtler,
chairman: Fred Dietrich, vice chairman;
Mildred q. Foore Mable H Cross;
Constitytiq7n and RsyymaUS By1sTomWiIii o Williams,
vice chairman; Donn B. Thomas
John R. Waller, head OF the
International Bank. jackson place,
is back in the financial district
after a short vacation at Atlantic
City.
Capital Fleets, Inc, has been
organized in Arlington to service
corporations now operating their
own passenger cars. Harry w.
Bendall is president, and Hiram
Witt of Washington. general
manager.
Official Takes Vacation.
Ralph ]. Saffell, floor manager
of the Washington Stock Ex-
change, is taking his first real
vacation in several years and is
passing 10 days on the boardwalk
at Atlantic City. He has been
with the Washington Exchange
since 1918 and in his present posi-
ton 25 years.