Evening star., 1952-07-22

is past president OF washington
Chapter, American Savings and
Loan Institute.
Association assets reached a new
high of $13,180,132 at midyear.
Share accounts of $11, ,731 sos were
up more than 5000 900 in the year
ended June 30, while loans of
$11,277,833 were up more than
$500,00O. The association is cele-
brating its 50th anniversary this
year.
Capital Accounts Increase.
Capital accounts of 10 Wash
ington banks and trust companies
totaled 82,172,000 at midyear, a
gain of $1,754,0 900 since March 81
and $3,593,000 above June 80 last
year, a summary of their con-
dition from the Controller of the
Currency revealed today.
Assets of $1,312,539, 900 were
below $1,333. $4,000 on March 81,
but 6.5 per cent above 1892, ,729.-
600 year earlier. They were 1905
per cent above the same date of
prewar 1941.
Outstanding loans of 1886, ,412,-
600 were above $372.816.000 on
March 81, 39 per cent ahead of
$37l $4,000 a year earlier and
180 per cent above the same 1941
date.
AS previously reported. deposits
of $1.221, ,378,000 were behind ST.
236,575,000 on March 81, but 6.7
per cent above 81 ,145, ,O28,OOO on
June 80, 1851. They also were
I'll per cent above 1941.
Holdings of Federal securities
totaled $3.50, 1872 900 compared with
544,639,000 on March 81, but
were 9.5 per cent above $493, ,033,-
600 a year earlier. They were 345.7
per cent above June 80, 1941.
Pledged assets rose to $99, 1885,
900 at midyear VS.. sos, ,343, 900 on
March 81 and 500, ,009, 900 on June
80, 1851.
Working Capital Rises.
Washington stockholders of
Kimbery-Clark Corp. have re-
ceived the annual report showing
that working capital of $37,897,-
257 on April 80 was $8,56O, ,626
above year earlier.
Current assets of $51,928, $40
compared with $41,O51,21 a year
earlier. Current liabilities totaled
$14,031 ,283 VS.. $11,714,580. Long
term debt was reduced 81 million
In the year.
The company earned $11 1,305,-
913 or $5.29 a share in the year
ended April 80 VS.. $12,052,618 or
$3.50 in the previous year.
Insurance Man HOnOred.
Because of an outstanding rec
ord, Leon A. LeBuffe, a member
of the C. Carney Smith Wash
ington Agency of the Mutual
Benefit Life Insurance Co., and
one OF his customers received ma
tion-wide publicity in company
advertising this week.
Mr.. LeBuffe, his customer, Maui
rice E. Taylor of Takoma Park and
the entire Taylor family, were the
subjects of full page advertise
ment in the Saturday Evening
Post, emphasizing the value of
business insurance plans.
Mr.. LeBuffe was selected from
1000 representatives of the CON-
pany. He has been with the Mu-
tual Benefit since 1948. Mr.. Taylcr
is secretary and director of the
Metallurgical Research and De-
velopment Co.
Merchandising. Clinic Held.
Henry B. Gilpin Co., wholesale
druggists, and This Week Maga-
zine held the first of a series of
merchandising clinics for retail
druggists at the Shoreham Hotel
last night. The business meeting
was preceded by a dinner attended
by 80 Independent druggists.
Robert Bolen has been named a
local agent for the Farm Bureau
Insurance companies here. He will
work under H. D. McCauley, dis
trict sales manager.
Blue ribbons for high scholastic
standing in the 129th session of
the Aetna Casualty and Surety
Sales Course have been awarded
to Joseph F. Hagan of the WASH
ington Branch Office and Robert
c. Roy of Adgate A. Lipscomh
& Son, Aetna representatives here
Gichner Gets Contract.
A contract has been awarded
to the Fred S. Gichner Iron Works
for construction of fire escapes
on existing buildings at the Naval
Research Laboratory.
Directors of Washington Chap.
ter, National Association of Cost
Accountants will hold their Sec
ond meeting of the chapter yeal
at the Willard Hotel at 7:30 I'm
tomorrow, President John A. Bard
announced. +.