Evening star., 1950-02-20

ager IN San Antonio ana as
Pacific Coast district manager at
San Jose.
He has qualified six times in
the IBM sales honor organization,
the Hundred Per Cent Club.
Bank Gains 266 Places.
The American Bankers annual
roll call of the 1900 largest banks
in the United States shows that
the National CAPITAL Bank of
Washington moved up 266 places
during l949. The bank stood
1.175th in the list at the end of
the year against 1,441st place at
the end of 1948.
The same report discloses that
the Bank of Commerce g. Savings
in Washington gained % places
during the year, moving to 1,129th
largest in size from 1,152d posi-
ton year earlier.
The same summary states that
the Prince Georges Bank g. Trust
Co. stepped up IS places during
the year, being listed as number
704.
Securities Mount in Value
The market value of all securi-
ties dealt in on the New York
Curb Exchange at the end of
1949 amounted to S13,222,556.357,
a gain Of $256,155 .658 or 2 per-
cent over the close of 1948.
In figures just compiled, the
average price per share of all
stocks dealt in on the Curb in
1949 was 1888 compared with
s1805 year earlier. Preferreds
averaged s30.45 a share at the
year end.
Market value of 83 bond issues
amounted to 1,071 1853 ,031. slight
ly under the average at the close
of 1948. The average price per
bond was $92.13 per $100 par val
ue against $3.50 for 1948.
Mortgage Speakers Listed
The American Bankers Associa-
ton has a fine two-day program
for the Annual Savings and Mort
goge Conference, in New York
March 1914 Single-family con-
struction loans, the no-ticket sys-
tenn of handling deposist and with
drawals, and better banking serv-
ice will receive special attention.
J. R. Dunkerley of the ABA will
review the status of the savings
and mortgage business; R. w.
McElvare, head of the division,
will consider "Banking's Bridge to
the People: while E. A. Mattison,
executive vice president OF the
Bank of America, will talk on
Banking Service for Everyone.
The human element in pensions,
construction loans in mortgage
portfolios, mortgage credit as a
cost of housing and a summary
Of world affairs will be discussed
by experts. Senators Sparkman
and Cain will be present.
Building Contracts Expand.
Contracts awarded for building
and engineering works in the
Middle Atlantic States last month
totaled $110, $4,000 to show de-
crease of 20. per cent from De-
cember but gain of so per cent
over January. 1s49, the F. w.
Dodge Corp. reports.
Residential awards, amounting
to s45,501 900, were down Is per
cent from December, but showed
an increase of "a per cent over
January a year ago. Apartment
house awards and contracts for
single-family dwellings were far
above January, 1949.
Glass l railroads in the South
ern region had an estimated net
income in 1949, after interest and
rentals, of $63,000,00 compared
with a net of s94, 100000 in 1948.
The same roads in 1949 had a
net operating income of s105 ,946,-
147 against $138,971, ,103 in 1948.
Operating expenses were cut 8 per
cent during the year.
Television Dealers Meet.
Dumont television dealers and
statesmen will meet tomorrow
night at the Electrical Institute.
Tenth and E streets NV. for a
special sales demonstration. James
Raft, Eastern regional sales man
ager, will conduct the meeting.
Capital Transit at Peak.
Capital Transit opened the week
on the Washington Stock Ex-
change with a 15-share sale at
%, a new high for the year.
Later 1873 shares sold at 1924.
The stock opened 1929 at 231a
and has gained more than 5 points
this year. Brokers report SON.
siderable out-of- town buying in
the issue.