Evening star., 1952-12-07

utives. 1t opens its 1858 sessions
on August Q. Mr.. Hulse's appoint-
ment gives the Board of Managers
three representatives from this
city. The others are Ben B.
Lawshe end John ]. Reinecks, who
is also on the Executive Commit.
tee.
Boles Heads IBA.
Ewing T. Eoles. head of the Ohio
Co.. Columbus. was elected presi-
dent of the Investment Bankers
Association at the closing session
of its 41st annual convention in
Hollywood. Fla, Friday night. He
succeeds Joseph T. johnson, pres
iCsent of the Milwaukee Co. In his
inaugural address, Mr.. Boles urged
education of the financially illit-
crate" as the best means by which
investment bankers can raise the
money required by industry.
Loan League Assets Mount.
President William H. Dyer Of
the District Building and Loan
League yesterday announced
member associations increased
their assets by more than SIS
million in the last year to 60 over
the half-billion mark. More than
$4,000 new loans were made for
a. total of $4,000 now outstanding.
This record was made, he said.
despite the restriction of real
estate credit since the start of the
year.
In the past year. league member
associations made more than 1900
loans for new home construction,
a record. Equally important was
an increase Of 10000 new custo-
mers.
The Building and Loan League
is preparing to discuss on Thurs
day its plans for participating in
National Thrift Week, January
1928. Raymond c. Williams,
chairman of the Public Relations
Committee. will meet with his
unit. Members are r. w. Santel-
mann, Julius Maedel, w. S. Mar
tindill, E. ]. Carlson and J. Hawley
Smith.
Retail Sales Increase.
The Federal Reserve Bank Of
Richmond reports the week of
November % gave the first evil
dence Of department store Christ
mas buying in the Fifth Reserve
District. Washington department
store sales rose IL per cent above
the previous week. In the fifth
district the increase was esti-
mated at II per cent.
Compared with a year ago, sales
here were IL per cent behind the
same week. In the four weeks
ended November 20, sales were 7
per cent under the comparable
period a year ago.
Christmas Party Scheduled.
The Bank of Commerce g. Saw
lngs will hold its annual Christmas
party next Saturday at the Ward
man Park Hotel. After a recep.
ton and dinner, awards will be
made to staff members foi espe-
cially meritorious service. The
committee in charge includes
Robert, E. Kendrick, Mrs. Gladys
Stallins. Mrs. Betty Guido, Miss
Jane Eckloff, Miss Joan Blakeney,
Miss Connie Fletcher. Forrest
Hansbrough and Frederick C.
Loops.
The bank distributed a months
salary as Christmas bonus to
staff members on December /.
The National Savings Club Of
the National Savings g. Trust Co.
will give a Christmas supper
lance the evening of December II
At the Columbia Country Club.
The savings club is a regular
'unctioning group of the bank.
Cunningham Elected.
H. M. Cunningham. sales man
ager of Ford's Lincoln Mercury
Washington district, was elected
president of the Washington
Chapter of the Automobile Old
Timers on Friday night at a meet
ng in the Burlington Hotel. He
succeeds Frank Stewart, president
II the Standard Automotive Sup
,ly Co.. who was elected to the
3oard Of Directors of the national
organization.
The new 1858 Ford passenger
ars will be given public showing
friday by Ford dealers here and
throughout the country.