Evening star., 1952-10-17
D. {. Bank Loans SET
Record, Despite Dip
In Business. LENDING
By Donald B. HodIey

lOGdys
Total loans reached $341 ,360,-
900 on October s, an increase o1
$1,661, 900 from a week earlier anc
$31.115,000 above the like 1851
date.
Commercial loans of ,670,-
900 were down $475.000 from q
week earlier, but remained $12,.
233,000 above year earlier.
Real estate loans of $105.577,-
900 were up $376,000 in the week
and S7,096,0 above the like 1851
date. Other loans, mostly con.
sumer loans. amounted to $685.
$4,000 a rise of 81 .004, 900 for the
week and $9,172, 900 above a veal
ago.
Demand Deposits Higher.
Demand deposits of 1886, 1866. .00t
were up S3,707 900 in the week ane
$7,041 900 above a year earlier.
However, those of individuals
partnerships and corporations
totaling S765 5.275, 900 were off $4,.
065.0 900 in the week and dowr
$6,072 900 for the year. Fedora
Government accounts amounting
to S35. .723, 900 were up $5,813,00(
for the week and $13,210,000 above
a year earlier.
Time deposits of $196, $4,000
were up $3.50. 900 in the week anc
$4.240,0O0 above the like 1851
date.
Debts to demand deposits
amounted to 1921 TAI 900 in the
week ended October 8, a drop o1
1.35 per cent from the previous
week and 81 per cent below the
like 1851 week.
Vepco Earnings Improve.
Net income of Virginia Electric
& Power Co. for September was
1851. .169 or IA cents a share, COM
pared with $904,411 or 14.5 cents
in September. 1851, the company
reported today.
Net income for IL months ended
September 80 was $11 ,453.8 OF
$1.69 share VS.. $10,192,721 OF
S1.64 in the preceding IL months
Operating revenues for Septem-
ber totaled $685., sol VS.. $780,
053 year earlier. Twelve months
revenues reached $74,875,943 VS.
S67, 7,706,410 in the previous year.
Edward C. Baltz Honored.
Edward c. Baltz. president of the
Perpetual Building Association
here, and vice chairman of the
board. Home Loan Bank OF
Greensboro, N. c., was honored at
testimonial banquet Wednesday
night by directors of the Federal
institution.
Mr.. BaltZ, who was named to
the board on October Is, 1882, is
the Oldest man in point of service
on the banks directorate and was
praised by many savings and loan
leaders for his untiring work in
behalf of the regional bank.
Toastmaster for the banquet
held at Greensboro was Horace
S. Haworth of High Point, N. c.,
board chairman.
Carborundum Promotes Imirie.
Joseph S. Imirie of Washington
has been promoted by the Car
borundum Co. Of Niagara Falls,
N. Y. to the new position of
assistant to the president.
Mr.. 1mirie Joined the company
in January to serve in the in
vestigation of new products. A
native of the Capital, he attended
public schools here and is grad
uate Of Catholic University.
During World War II he was
with the Air Force and later
served it in important admin
istrative assignments.
Appointed by United States Steel.
Marcus M. Chapman has been
named assistant general manager
of sales, distribution, United States
Steel Co., and James P. Barton,
manager of sheet and strip sales.
Both are well known in Gov
eminent circles here. Mr.. Chap
man served with the Wage Sta
bilization Board and Mr.. Barton
leaves an assignment with the
National Production Authority to
assume his new post.
O'Connell Is Director.
Joseph j. O'Connell, jr., former
chairman of the Civil AeronauticS
Board. has been elected a director
of the Western & Southern Life
Insurance Co.
A resident of Chevy Chase, D. c.,
Mr.. O'Connell is the Washington
member of the legal firm of Chap
man, Bryson, Walsh & O'Connell
and heads it's office here.
At one time he was general
counsel for the Treasury Depart
ment.
Four to Attend Conference.
Four leaders from the District
Chapter, Institute of Internal
Auditors. will attend the annual
conference of the national organ
izatlon at st. Louis, Mo-, october
1921.
They are D. J. Harrill, Produc-
tion and Marketing Administra-
ton: Kenneth Kilgore, National
Defense: O'Farell Estes, Capita.
Airlines: George Lee, Potomac
Electric Power Co.
Walter Frese of the General
Accounting Office will address the
conference on the progress of in
ternal auditing in the Govern.
ment.
Needham Is KBA Speaker.
D. !. Needham. who retired
early this year as general counse
for the American Bankers Asso.
citation and head of it's Washing.
ton office, will address the 58tf
annual convention of the Ken.
fY1ol>u porLorc, Aeeoo;ot;ox. -