Evening star., 1951-11-04

VI
Other speak
Mr.. Powell. erS will include
William j. Divers, chairman of the
Home Loan Bank Board, and Sem
ator A. Willis Robertson, Demo-
crat, Of Virginia, member of the
Senate's Banking and Currency,
and Appropriations Committees.
More than 1000 savings and
loans executives are expected TO
attend. A District delegation Of
around 80 will be headed by Will
liam H. Dyer. president of the
District Building & Loan League.
Postal Receipts Up Sharply.
Washington postal receipts in
October scared to $1,967 1868, a
new 1851 high and a record for
that month. Postmaster Roy North
disclosed yesterday.
The months total was 1853 per
cent above the previous month
and 119 per cent above October,
1850, and increased the 10 months
total for this year to $17,991 ,050,
also record for the period and
11.3 per cent above year earlier.
Compared with prewar 1941, the
October total was up 124.9 per
cent while 10 months receipts
were up 1884 per cent.
Transit Exchange Speeded,
Capital Transit Co. expects to
send out letters to stockholders
this week asking them to turn in
old stock certificates to the trans
fer agent, American Security &
Trust Co., in exchange for new
certificates iSSuable under, the l.
for-1 splitup.
officials expect the letters will
go out Wednesday.
The new shares traded on the
New York Curb Exchange for the
first time Friday closed the week
yesterday at 1924 on a when
issued basis, up 4 of point from
the previous day. Old shares
closed the week at 4912.
Liberty Cuts Loans.
Liberty National Bank reduced
loans to $12,957,36 on October
10, a drop of 81, 1,149,92 since June
and $591 BAT below October 4.
1850. w. T. Vandoren is presi-
dent.
Deposits of $33,466,s ,s13 were 81
512,170 above June, but 81, ,299, 1853
below year ago. while assets of
$35, ,628,419 were $2,550,5O9 above
June and $1,131,6 ,602 below Octo-
ber. 1850.
Holdings of Federal obligations
totaled $10.393, ,124, a gain of ST.
$685. ,146 since June and $54,515
above year ago. Cash and due
from banks amounted to $10,52O,-
1894, a gain of $833,l25 since June
but $438,793 below October, 1850.
Security Bank Gains.
The Security Bank had a ST.
1894 increase in deposits be-
tween June 80 and October 10, a
81 .804, ,526 gain in assets, a $780,
291 rise in cash. and due from
banks and a $317,787 increase in
holdings of Federal obligations,
but $5,287, 1892 reduction in OUT
standing loans.
President Francis G. Addison,
jr., reported the following October
10 totals: Deposits, 28,626, ,544;
assets, $31,074,619; cash and due
from banks, $9,393, 800; Federal
obligations. $9,072,745; loans, ST.
343, ,709.
Letter Clinic to Be Held.
The Washington Sales Execu-
lives Club will hold a tWo-session
clinic, How to Write Business
Letters" from 8 to 1890. pm.
next Wednesday and Thursday
IN the United States Chamber of
Commerce auditorium. Boyce
Morgan, Ferd Nauheim and Earle
Buckley will conduct the clinic.
Members of the District Asso-
,iation of Insurance Agents will
meet with Insurance Rating Bu-
reau officials at Hotel Statler
from 3 to pm. Thursday to dis
,uss the new Fire Handbook.
Arthur H. Whitelock, assistant
treasurer of the Cherry Smash
Co., Inc, Rosslyn, will address
Chapter, National !
Association of Cost Accountants.
tomorrow evening at the Willard
Hotel, starting at 1880 o'clock.
Morgan Hudgins. information
director for the filming of Quo
Iadis, will address the Washing
on Advertising Club at Tuesdays
luncheon at Hotel Statler. Mr..
dudginS will illustrate his story