Evening star., 1950-04-28
Mar 1870 Ian Mar
Acacia Adds Directors.

Edward j. Boothby, president of
the Washington Gas Light Co., and
George B. Burrus. president of
Peoples Drug Stores, Inc. we're
elected directors of the Acacia Mu-
tual Life Insurance Co., at the
quarterly meeting of the board,
President William Montgomery
announced.
Mr.. Montgomery was elected di-
recting head of the company for
the 56th consecutive year. Charles
P. Kocher was promoted to as
sistant field vice president, and
Herbert E. Martin. jr, to assistant
general counsel. Other directors
and officers were reelected.
Lacy's Opens Sixth Store.
Lacy's. Inc, William Warsaw,
president and general manager,
opened the company's sixth store
in Washington today at 1907 H
street NE. With the opening of
the sixth store, the chain of tele-
vision. radio and appliance stores
becomes one of the largest of its
kind in the Washington area.
The Coleman Co. of Wichita,
Kans., reports that "a per cent
of the dwellings in Washington
are now heated with oil. The
survey says 14.5 per cent of the
city's homes are heated by gas.
The Suburban National Bank
reports deposits of $25, 5,641 $50 on
April "a, a gain of nearly 100000
so far this year.
District Manager Named.
Howard Pike has been promoted
to district manager of Govern
ment sales for the Ansco Division
of General Aniline & Film Corp.
He has been on the staff here
eight years.
Southern Railway has placed
orders for Is diesel-electric road
switching locomotives and "a
freight and passenger units, to
cost $6,50O,00o.
Samuel C. Redman. jr., will be
unopposed as successor to Stephen
o. Porter as president of Wash
ington Chapter. American Insti-
tute of Banking.
Riggs National has gain of
$25 million in deposits so far
this year; Union Trust, 50 million;
City Bank, Sis million; Nc,
Lachlen Bank and Anacostia Ma
ton, 81 million, each. Deposits
were up $50 million. including the
National Bank of Washington's
upturn of more than $22,750,000.
Baltimore Office Opened.
The Coastal Finance Corp. of
Silver Spring has opened its third
office at 127 East North avenue,
Baltimore, President Frank B.
Bush announced. The other office
is in Takoma Park. The COM
pany is engaged in the personal
loan business, with resources of
$276,251 on March 81.
American Security & Trust Co.
was the successful bidder for 81
million of the $5.758,000 Tempo
rary Loan Notes (54th SeriesO of
the National Capital Housing
Authority, President Daniel w.
Bell announced today.
A change in the name of Trans
continental & Western Air. Inc,
to Trans World Airlines, Inc, was
approved by stockholders yester-
day.
Common stock of the Southern
Co.. utility system, was admit
ted to unlisted trading privileges
on the Washington Stock Ex-
change yesterday. The Virginia
Electric g. Power Co. is the only
other company granted such au-
thority.
Real Estate Loans Rise.
Real estate loans carried in
Washington banks gained over
$2,500.000 in the week ending
April 19 over the previous week,
the Richmond Reserve Bank re-
ported today. Commercial loans
were unchanged.
Treasury investments were up
from $507 ,904 900 to $515,293 900,
the main increase being in the
purchase of Treasury bills and
Washington banks gained over
Treasury notes. Time deposits dis
closed a small upturn.