Evening star., 1953-01-11

. n o nam M
H otel on
Tuesday. jan
uary ~. Mr.. NAnn.
Lotion 8. Wesley. general con-
ference chairman, announced
yesterday that Mr.. Namm will
speak at the morning session Of
the all-day meeting.
President of one Of Brooklyn's
major department stores. Mr..
Namm has served as chairman
of the Treasury Departments
Retail Advisory Committee, as
special assistant to the director
of Civilian Defense in World War
II, director of the United States
Purchasing Mission to Brazil and
as a consultant and observer at
the United Nations.
Other conference speakers in
clude Arno H. johnson and
Homer Hoyt.
n 0St- -OAVWAA8 D@h~s
Assets and deposits Of the An
acostia National Bank have both
gained 40 per cent in the two
years since A. Scott Offutt be-
came its president.
Assets of $18,970,391 at the end
of 1852 contrasted with $13,594,-
TAI at the end Of 1850. shortly
before Mr.. Offutt was elected.
They also were 1877 per cent
above SIG, 100000 a year ago.
Deposits of $18.020,801 COM
pared with $12,782,848 two years
earlier and were 1873 per cent
above $15.563.164 at the close Of
1851.
In the two years ended Decem-
Der 81, cash and due from banks
rose 1874 per cent to $3,110.586.
loans increased 29.4 per cent to
$6,586,132. holdings of Federal
obligations scared 63.6 per cent
70 50. .008. 1878 and capital accounts
rose II per cent to 1894, ,942.
Unlisted Securities Firm.
Prices on the over-the-counter
market here remained firm dur
ing the last year and demand
continued to outrun supply by a
substantial margin. reported Ed
gar B. Rouse, chairman of the
Washington and District II quo
tations committees Of the Ma
ttional Association Of Securities
Dealers.
MIR. Rouse. who supplies Q
weekly list of bid-and-asked
prices to newspares. is a partner
in Rouse, Brewer e. Becker.
The lack of offerings was par
ticularly noticeable in the list Of
Washington bank shares which
are closely held, he said.
PhilcO Cites Hecht Co.
The Hecht Co.. Washington.
was cited yesterday by the Philco
Corp. for the best merchandise
ing and promotion Of its tele-
vision and major appliance lines
during 1852.
The department stores per-
formance was judged the most
outstanding among 200 major
retailers throughout the country.
James H. Carmine, executive vice
president Of Philco, announced
at the midwinter Philco conven-
ton at Boca Ration. Fla.
The citation and prize Of Q
1853 Chrysler Newport automo-
bile were accepted by Harry M.
Davidow, executive vice preSi-
dent and general manager Of
the Hecht Co.. on behalf Of his
associated.
League Plans Dinner.
Around $50 members and
guests of the District Of Colum-
bia Building and Loan League
will attend it's 23d annual dinner
dance at the Mayflower Hotel
On January 81, Joseph p. Burke,
jr., chairman of the affair, stated
Yesterday.
Robert H. Caffee. director and
past president Of Printing In
dustry of America, will address
the Washington advertising Club
at a luncheon at Hotel Statler
Tuesday. His talk will coincide
with observance of National
Printing Week.
Association Assets Jump.
Assets of Enterprise Federal
Savings and Loan Association
passed 50 million at the year
end. rising more than 10 per cent
in the year, Martin A. Cook,
president of the 6l-year-old in
stitution announced yesterday.
Mr.. Cook pointed out that dur
ing 1852 real estate loans made
by borrowing members nearly
equaled the entire balance sheet
Of the 10 years previous
Mortgage loans totaled $8.027.-
O00, while savings accounts
climbed IL per cent in the year
to a new high Of $7,961. 900. The
will move into new
quarters at 813 Pennsylvania
NV. around March Is.
Arlington Trust Meeting.
Offices of Arlington Trust Co.,
headed by Board Chairman John
e. Fowler and President Harry
R. Thomas. were reelected at
the annual meeting Thursday.
All directors were reelected.
Central Typewriter g. Adding
Machine Co. has been named dis
tributor here for Facit calcula-