Evening star., 1952-07-10

+. its of $28 1856, ,372 were up $58.519
in the six months and $1,5l9,229
higher for the year.
Holdings of Federal obligations
on June 80 totaled $9,282, BOG. an
increase of $452,288 in the six
months and $527 ,848 above a year
earlier.
Loans and discounts Of $7,433,-
403 were reduced 1921, ,957 in the
six months and were $399, ,283 be-
low June 80 last year.
Arlington Bonds Awarded.
The Arlington School Board at
11:15 am. today awarded $3.5
million of school bonds to a group
which included Folger. Nolan,
Inc, of Washington.
The winning bid was 100.43.
The group was headed by Esta-
. brook g. Co. of New York and
also included Equitable Securities
Corp. of Nashville, Bacon. Stey0si-
son & Co. of New York. F. W..
lCraigie & Co. of Richmond, Scott,
Horner & Mason, Inc, of Lynch
burg, Va, First of Michigan Corp.
and the Wachovia Bank & Trust
Co. of Winston-Salem, N. c.
The bonds, which are part OF
an 1928 million issue approved
by voters in May. were in strong
demand and only around 400
bonds were unsold after two
hours.
Women Urged to Be Alert.
Women should welcome addiz
tional responsibilities and not Ee
content with the routine of thei,
jobs, declared Georgia -Meese
Clark, Treasurer of the yUnitec
States. in an address before Of
ficers, directors and /employes Of
the Anacostia National Bank al
the Prince Georges Golf ant
CountrXElub last night.
TRM speaker said the com.
potency of womep in business wa
being recognized on an increasing
scale, but the fair sex needed tx
be more watchful for new oppor'
tunities.
Lloyd S. Carey. assistant treas
urer of the Suburban Trust CO
and this years president o
Washington Chapter, American
Institute of Banking, also spoke.
A Scott Offutt, president of tn
bank, sketched continued growtl
in the last year and announce,
declaration by directors of tw
quarterly dividends of 2 per cen
each, one payable July 81 to hold
ers of record July Is and tn
other payable october 81 to hold
ers of record october Is.
SEC Proposes Change.
The Securities and Exchang
Commission yesterday propose
changes in its rules aimed at Civ
ing investors a better opportunit
to study new issues Of securitie
before they are offered for sail
1t believes the changes ais
would give dealers chance
determine in advance any Gus
toners who may be interested
the securities.
The law requires registration I
securities. but specifically bars an
sale before the stated effective dat
of the registration.
The agency proposes to allo
issuers, underwriters and dealel
to publish an identifying Statl
ment" 10 days after a statemel
, has been filed with SEC as pa
of the security registration. TIL
identifying statement would d.
scribe conciSely the nature Of Il
security. It also would conta
o detachable form which
prospective investor could use
request copies of the prelimina,
prospectus.
Collectors Elect Steinberg.
Alvin j. Steinberg, president
Capital Credit Corp, was elect
second vice president of the Anne
ican Collectors Association at
18th annual convention at Brai
erd, Min1.
President John Bard Of Was
ington Chapter, National Associ
ton Of Cost Accountants. tod
announced the appointment Of t
following associate directors
the coming year:
Joseph E. Devlin. the Jeps
Hotel Supply Co.: Harrison Chr
tie, Silnmonds and Cutler: Rob-
T. Cosby, Melpar. Inc: Wilhelmi
b. Kegel. Government Servic
Inc; George f. Lewis. Schuttig
CO.: Gideon Haynes. George
Rucker Co.: w. B. Cochran, Ju