Evening star., 1953-01-09


earlier and
- were 26 per
Mr.. Waller. cent above
their mark of $26.583.168 five
years earlier at the end of 1947.
Outstanding loans of $34.-
573.567 on December 81 COM
pared with 31,066,419 a year
earlier and were 67.7 per cent
higher than $20,634.774 f1ve
years earlier.
Assets totaled $117.305.951,
again ranking Hamilton third in
size among Capital banks, a gain
of 2.8 per cent from $114,071. .618
a year earlier and 1914 per cent
higher than $98,211,663 at the
end of 1947. Deposits of $109.-
938.295 were up 2.8 per cent in
the year and 1876 per cent higher
in the five years.
Capital funds of $6.545, ,726 on
December 81 were 3 per cent
above the end of 1851 and
showed an impressive gain of
40.1 per cent since 1947. Hold
ings of Federal obligations
amounted to $42,817,746. a drop
of 17.6 per cent for the year but
1876 per cent above five years
ago.
Bank Loans Drift Lower.
Outstanding loans of IA men,
ber banks here declined further
in the final week of 1852, while
demand deposits showed sharp
increase following the Christmas
rush, the Federal Reserve Bank
of Richmond reported.
Loans on December 81 totaled
$359, ,945, 900, a drop of $2,544. 900
for the week, but still sac, ,674 900
above a year earlier. Commercial
loans of $158.212,000 barely
changed in the weeks with de-
crease of $4,000, but were $19,-
212,000 above a year earlier.
Demand deposits of 1892 $685.
900 were $22.862,0 900 above a
week earlier and $26, 900
above a year earlier. Time de-
posits of $197, ,089 900 were up
$2,029.000 for the week and ST.
027,000 above a year earlier.
Radio Sales Manager Named.
Robert w. Jonscher has been
named radio sales manager of
The Evening Star BroadcaSting
Co. to succeed Harvey L. Glas-
cock. who now is sales manager
of WMAL-TV. Mr.. Jonscher
formerly was a sales executive
with Station WTOP.
Gebrge L. Griesbauer has been
moved from the WNTAL-TV sales
department to head newly
created sales service department
for WMAL and WMAL-TV.
Charles. S. Tappy, formerly
with WTOP-TV, has been ap-
pointed sales manager of The
Evening Star stations. E. H.
Meeks, formerly sales promotion
director for WTOP, has been
named director of WMAL's COM
bined promotion and publicity
departments.
Bank Credit Men to Meet.
Chesapeake Chapter of Robert
Morris Associates, an association
of bank credit men, will meet at
the Merchants Club in Baltimore
at 6 pm. on Tuesday, Janu-
airy 13.
Guest speaker will be Paul M.
williams. vice president of the
Commercial Credit Co. Around
so Washington bankers will at
tend.
Folger, Nolan, Inc, of Wash
ington. and Alex. Brown & Sons
and Hemphill, Noyes & Co., both
of which have Washington Of
fees, are members of q syndicate
awarded SIS million of State
of Rhode Island bonds yesterday.
Maturing from 1866 to 1888, the
bonds are priced to yield 2 to
2.5 per cent to maturity.
Heads A. ]. Ellis Office.
William A. H. Casson of Nor
beck, Md, has been named gen.
eral manager of the Washington
Office of the A. j. Ellis Construc-
ton Co. of Philadelphia.
James D. Walker has been
named manager of the Washing
ton regional Office Of the Cape
hart Farnsworth Corp. For
merly manager of the New York
regional Office, Mr.. Walker Sue
ceeds E. G. Denham, who re-
signed.
Thomas w. Collens, formerly
Northwest Airlines district sales
manager at Pusan, Korea, has
been made assistant district sales
manager for the line here.
John A. Collins, a native Wash
ingtonian, has been appointed
service manager Of United States
Steel's district sales Office here
He replaces Robert Fisher, who
has become resident district sales
representative in Baltimore.
Edgar H. Semmler, formerly
connected with Crowei! Collier
Publishing Co.. has been ap-
pointed an associate Of Schaler
Butler & Associates, public re-