Evening star., 1955-05-29
Guardian Gets
Permission for
DC. Branch
BY DONALD B. HADLEY

spring, MO-, has been granted
permission by the Home Loan
Bank Board to operate q branch
office at 1869 Connecticut ave-
nue. NV.
Guardian is the first federal
savings and loan association To-
Gated in Maryland to gain per-
mission to operate a branch
Office in the District of Columbia.
The Hyattsville Building Asso-
citation, however, has had a Dis
| trict branch Office at 819 Four
teenth street NV. for a num-
ber Of years.
Five District associations have
branches in nearby Maryland,
but the State Legislature recent
ly enacted law prohibiting the
creation of any additional
branches there.
ID. C. Associations Helped
An unusual aspect of Guar
dian's effort to obtain approval
of a District branch was that 25
of the % insured savings and
loan associations operating in
the District expressed no objec-
ton and wished Guardian sue
cess in its effort.
Leo M. Bernstein, Washington
realtor. who is president OF
Guardian Federal, said he be-
lieved the warm and friendly
atmosphere created by these ex-
presSions from District associa-
tions was largely responsible for
approval of the branch.
Guardians main Office is at
8400 Georgia avenue in Silver
Spring Its branch, located in
premises formerly occupied by
the Dupont Circle Branch of the
Hamilton National Bank, will be
open for business on Tuesday. A
formal opening will be an
nounced shortly.
Store Stocks Advance
Department store stocks moved
higher on the Washington Ex-
change branch of the Phila-
delphiS Baltimore Stock Ex-
change in the last week in
response to favorable earnings
trends.
Common shares of Julius Gar
f1nckel & Co. reached a new
1855 high of 2912 on Thursday,
up 2la points from the previous
high, and ended Friday at 1914.
They closed last week at 27.
Hecht Co. common shares also
reached new 1855 high of 301a
on Friday. up half a point from
the previous peak. and closed
the session at 303s. They closed
the previous week at 90.
Woodward & Lothrop common
shares advanced to 397s during
the week, within an eighth of a
point Of the 1855 high. At the
end Of the previous week they
stood at 3912.
DcdleES 10 DE k1OnOFeO
w. Preston Williams and Earle
o. Baker. partners in the WASH
ington Nash leadership bearing
their names. will be honored at
a dinner celebrating their 25th
business anniversary at the Con-
gressional Country Club Wednes-
day night.
Nash zone officials, employees
and friends will attend. M. A.
Saunders. Nash Eastern division
sales manager, will present a
gift.
In Is years, Williams g. Baker,
Inc, has sold 10000 new and
used cars.
The leadership started at 1907
Fourteenth street NV. with 10
employees It moved to 2819 M
street NV. in 1897 and now has
staff Of 16.
The firm has been a six-time
winner Of the Nash Select
Dealer" award Both partners
are active in civic affairs, and
Mr.. Baker is a past president of
the Washington Automotive
Trade Association.
Heads Internal Auditors
Paul Imler. assistant chief ac-
countant of Government Serv-
ices, Inc. was elected president
of Washington Chapter, Insti-
tute Of Internal Auditors at the
annual meeting Friday. He sue
ceeds Elmer S. Frazier Of the
Home Loan Bank Board.
Other new chapter officers in
clude: Kenneth K. Kilgore, Of
flee Of the Assistant Secretary
OF Defense. vice president: Ray
mond Einhorn, General Accounts
ing Office. secretary: Harold R.
Stroberg. Federal Facilities
Corp, treasurer.
League Members to Meet
President Raymond c. Will
liams of the District Building
and Loan League has notified
members of a meeting to be
held at the Mayflower Hotel. at
1890 pm. Tuesday.
Dom B. Thomas, chairman
of the entertainment committee.
will outline plans for the June
13 outing at Prince Georges
Country Club.
Seaboard Earnings Gain
Net income of Seaboard Air
Line Railroad in April was ST.
739.110 or "a cents a share VS..
$1.714,317 or 73 cents in April,
1854.
Net for four months of this
year was $7,336,914 or 1910 a
share VS.. $6,955,596 or S2.96 a
year earlier.
35th Anniversary Marked
Harry Middleton of the j.
Hicks Baldwin Agency of the
New England Mutual Life Insur-
ance Co. here was honored at
University Club luncheon on his
35th anniversary Friday.
Capt. Floyd B. T. Myhre, USN,
retired. has been named assistant
to the vice president of Brush
Electronics Co.. a division Of
Clevite Corp, with headquarters