Evening star., 1951-07-20

Idllt doS1SIllueIlIS.
When w. Stuart Symington
took over, direction of the RFC
early this year, he asked Mr..
Allen to return. to Washington to
assume his present position. Be-
fore his return here, Mr.. Allen
was consultant for Rand Corp.
and other clients in the Los An
geleS area.
A native of New York, he has
degrees from City College of New
York and the Harvard Graduate
School of Business Administra-
ton. He was a Washington CORE
spondent for a number of years
and was assistant director, then
director of information, for the
SEC from 1884 to 1910. ater he
held similar post in the Justice
Department and in 1912 became
deputy director Of the Office Of
War Information. He is a member
of the National Press Club.
Reports Increase in Cash.
Washington Loan & Trust Co.
reported assets. deposits, holdings
Of Federal securities. cash and
due from banks, and undivided
profits all increased moderately
between the April 9 and June 80
bank calls. However, loans and
discounts declined.
Assets of s51,988, $40 were up
$316,448, deposits of $47.155,110
were $187. 1888 higher, holdings of
Federal securities amounting to
$16,924,342 were up $493 ,O36, cash
and due from banks reached $11,-
485,656, up $910,218, and undi-
vided profits of $669,347 were
$69,838 higher. Loans and dis
counts on June 80 totaled $18,-
254,369, a drop of $1.064, ,935.
Alfred H. Lawson is president.
Bond Allotments Delayed.
Washington members of the
dealer syndicate that was awarded
$155, ,739 900 of local housing au-
thority bonds Tuesday still are
awaiting their allotments of over
subscribed issues, but probably will
not know the full results until
Monday.
Heavy bScrip t IN S
amounting to as much as three
or four times the available bonds
have complicated the job, it was
learned today. The long and short
term maturities were in the most
demand and that is where allot-
ments have been delayed.
Allotments on the medium terms
have been made. One Washing
ton firm asked for 200 bonds in
this category and received IS
That seemed to be the average ex-
perience here.
Insurance Sales Behind 1850.
Sales of ordinary life insurance
In the District during June rose
to $9,105 900, compared with $8,.
674,000 in the previous month, but
remained rs per cent below June
1850, the Life Insurance Agency
Management Association reported
today.
District sales in the first half o1
this year amounted to $50. .209, 900
a decrease of II per cent from
a year earlier. Washington results
were far behind the nationa,
trend. United States sales fol
June were up 4 per cent and fol
tne six months up 8 per cent COM
pared with a year earlier.
Ad Men to Judge Beauty.
6eventy-four advertising agency
executives from the Washington
Baltimore area will attend the first
preliminary judging of the Mis-
Washington contest at 7::30 pm
Monday at the Golden Parrot
Restaurant.
Fifteen of the executives will bt
selected by lot to judge the SO ares
girls who will compete. Twenty.
four OF the contestants will be Sc.
lected for semifinal eliminations.
Miss Washington will be selected
August 13 at the Capitol Theater
The contests are sponsored b,
Radio Station WWDC.
Fred A. Smith, president of tn
District Building and Loal
League. and William H. Dyer, VIII
will succeed him as president Ii
the autumn. headed Washing
ton delegation to the summer out
ing Of the Maryland League Q
Building Savings and Loan Asso
Citations on Middle River nea
Baltimore yesterday. Others i
the group were Edward K. Jonei
Rudolph Santelman, F. Willso
Camp. Clarence E. Kefauver, an
Fred A. Smith, jr. Thomas ,
Stoddard is president Of the Mary
land league.