Evening star., 1955-07-01
D. c. Bonk Looms Hold
Near Record Levels


1856, ,4s3. 900 on June %. down
only 1881 900 from their all-time
high of week earlier and $74.-
SOC 900 or 10 per cent above the
like 1854 date, the Federal Re
serve Bank of Richmond re-
ported today.
Commercial loans Of $203 ,221, :
600 were up $542 600 in the week.
and $45.301. 900 or 28.3 per cent
above year earlier. Real estate
loans of $131 .404 900 were on
$4,000 in the week, but $8,9l7 900
or IA per cent above q year ago.
Other loans, mostly consumer
loans, totaled $124,148, 600 a
drop of 1896, 900 in the week, but
still $18,908.000 or l8 per cent
above year ago.
SEC Starts Proceedings
The Securities and Exchange
Conn mission yesterday an
rounced the institution of pro-
ceedings to determine whether
the broker dealer registration of
Gabriel Sanders, doing business
as Gabriel Securities. should be
revoked.
Headquarters of Gabriel Sc
curities is in Union City. N. j..
but it also has an Office in Wash
ington. the SEC said.
The commission order states
that reported information tends,
If true, to show that the reg
istrant q. engaged in trans
actions, practices and a course
: of business which would and did
operate as fraud and deceit
upon purchasers. :"
Appliance Gains Forecast
Sales of electric appliances,
radio and television in the wash
ington Metropolitan Area are ex-
pected to approximate $6a mil
lion in 1855 and SIS million by
1860. the Electric Institute of
Washington reported today.
The institute estimate was
based on a prediction from James
H. Jewell. vice president of West
inghouse Electric Corp, who OBJ
served the electrical industry sold
338 million household appliances
in the five-year period, 1850 1854.
He predicted that manufacturers
will produce and sell 428 million
appliances In the next f1ve-year
period, an increase of 80 million
units or q per cent.
For the last five years. the
Washington market has ac-
counted for more than / per cent
of the national production of
electrical products such as air.
conditioning units, dishwashers,
clothes dryers. food waste dis
posers, refrigerators, television
and radio. the institute pointed
out.
Elected Vice President
Calvin E. Wood, controller of
First Federal Savings and Loan
Association, has been promoted
to vice president and controller,
it was announced yesterday by
w. Franklin Morrison, executive
vice president and manager.
Mr.. Wood has been associated
with First Federal. second lar
gest savings and loan institu-
tion here, since 1949, with the
exception of three years of serv-
ice in the Army during World
War II.
Dividend Is Declared
Directors of Capital Film
Laboratories. Inc. have declared
a regular quarterly dividend of 5
cents share on class A common
stock of the corporation, Pres
ident James A. Barker an
nounce today.
The dividend will be payable
July 80 to stockholders of record
July Is. The stock will be ex-
dividend on July IL, Mr.. Barker
said.
Promoted at Richmond Bank
John G. Deitrick, manager of
the fiscal agency department of
the Federal Reserve Bank of
Richmond since 1854, has been
promoted to assistant cashier,
President Hugh Leach an
nounced.
Joseph Golstein has been ap-
pointed chief produce supervisor
for Giant Food Department
Stores. He has been with Giant
IA years.
Prudential Adds Agency
In a move to, further expand
Its activities here. the Pruden-
tial Insurance. Co. has estap-
lished its third Washington sales
agency in the Continental Build
ing. 1912 Fourteenth street NV.
The new organization will be
known as the Potomac Agency
and will be directed by Dale A.
jackson, who headed a general
insurance office here from 1850
to 1858 and for last two years