Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-05-14


Mr.. Tardoe. Mr.. Callahan.
members are Hans W. Irelan.
American Security; George {
Schweinhaut. Washington Loar
William B. Willard. National Say
ings; Warren r. Forster, Hamil
ton; Thomas H. Reynolds, Ns
tional Metropolitan. The conclay
will be held at the Greenbrie
White Sulphur Springs. June I'll
Bank Assets Up $4S,9O0, 900.
The controller of the currenc
reported yesterday that assets
Washington's 19 banks game
$48.9 million in the year frol
April II, 1949, to April "a. 1876
moving up to $1,146,719,000 frol
81 .097, $4,000. In the first quartz
of this year assets advance
$31, 060, 900.
Bank loans stepped up $34, 1877
900 during the year. 1904. 648, 0C
comparing with $270,481 90
Since December 81 the banks hay
gained $19,249,OOO in loans.
The report showed an uptur
of $39, Gas. 900 in demand deposit
in the past year. The last call, O
April "a. showed a total of $753
100000. against $713,154,000
year ago.
Time deposits moved up ,slowl
gaining $7,654,0 900 during the veal
$2,591 900 since December 81.
Acacia Has Record April.
Continuing outstanding produt
ton in the record first quartz
Acacia Mutual Life reports thu
April broke all previous April tx
tails with more than $13 million ,
new business.
This total was 80 per cel
ahead Of any other April and mac
the fourth consecutive month
which production has exceede
past records to set all-time hig
marks.
Total business paid for in tt
first quarter exceeded $48 million
The company is nearing a goal {
a billion insurance in force
July 81. -
Truman Slated for Address. !.
The District of Columbia Cred
Union League will be we'll repre-
sented at the dedication of tt
new national headquarters buile
ing in Madison. Wis. today.
the delegation will be Miss Mad.
line M. Guinnane. James v
Grant. William P. Mallard, Clauc
r. Orchard, j. E. Blomgren, H. n
Rhodes, Miss Frances M. Cange
LOST, N. c. Robinson and Edward
Haynes. All are top officials
credit unions here. Presider
Truman is scheduled for an &C
dress.
How to forecast election result
will be discussed by Louis Beal
Department of Agriculture, at tt
morrow's meeting Of the Washing
ton Statistical at George Wash
ington University. Ofiicers wi
be elected.
Government Employees Insul
ance Co. will hold q reception
the new building at Fourteent
and L streets NV. on May Z
from 4::30 to $50.
Store Sales Below 1949.
Washington department stor
sales for the week ended May
were IA per cent under the co,
responding week last year, but
per cent above the previous wee
this year, the Richmond Resery
Bank reported. Sales for the fou
weeks ended on May 6 were 4 pc
cent under last year.
Sales in the Fifth District wei
4 per cent ahead of the preceo
ing week but Is per cent belo
last year, the review said.
Weaver Brothers, real estai
firm. reports that Theodore Pos
with the National Savings
Trust Co. IA years. has Joined tt
staff.
Appointment Of Leo Casey, 70,
mer Washington newspaper ma
as q vice president Of Allied Syr
dicates, Inc, is announced.
Mortgage Records Broken
The United States Savings ar
Loan League reported yesterda
that home mortgage totals brol
all records in the first quartz
being estimated close to q bi
lion and up At per cent.
Edward F. Muse, for three yea
with Remington Rand. Inc, an
formerly with the National Gil
Bank. has joined j. d. Marsh
Associates, insurance firm.
Washington retail furnitul
sales in March were up 2 per Ger
and in the first quarter 6 per Ger
over the like 1913 periods.
Wholesale trade of 208 firm
in the Fifth Reserve District
March was s per cent ahead I
March, 1949.
North American Refractori.
Corp. earned $107,933 or 81 cents
March quarter VS.. $751; 22 or
cents a year earlier. =
Huyler's and subsidiaries r,
ported a deficit Of $134,977 4,
nine months ended March 81 v
net income of $141 $40 or "a cen
q share In the same 1949 period.
Mullins Mfg. Corp. is remode
ing its Salem. Ohio, plant to prt
duce automatic dishwashers whic
will be introduced next fall. IT
company already turns o.
youngstown Kitchens"