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Evening star. [volume] (Washington, D.C.) 1854-1972, January 15, 1961, Image 47

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Selby New Chairman
Os Citizens Building
! Augustus R. Selby of Ger
■mantown, Md., has been elected
■board chairman of the $35 mil
llion Citizens Building and Loan
■Association of Montgomery
■County, Md.
[- Mr. Selby was elected at the
I Organizational board meeting
I Friday and succeeds Frank B.
I Severance, who was elevated to
I honorary board chairman.
I i Bradford Armstrong of Ken-
I sington was added to the board
lof directors and others were
In-elected.
I* The new chairman is a
■ founding director of Citizens
land formerly was president of
[the Germantown Bank and
I vice president of the First Na-
Itional Bank of Gaithersburg.
JJie now is a member of the ad
visory board of Suburban Trust
J9o.
} i He is president of the Liberty
i Milling Co. of Germantown,
| past president of the Pennsyl
vania Millers and Feed Dealers
{Association and currently is a
tairector of the Millers Mutual
{Life Insurance Co.
I > He also is a past president of
’Che Montgomery County Wel
•Jare Board, a charter member
of the Montgomery County
Council and has been a member
OVER-THE-COUNTER quotations
sJwS'ZsS
qpier sources but ere unoftlclal. Tkey
® not represent actual eraniactloni.
They are Intended as a culde to the
approximate ranee within which these
oOeuritles could have been sold < indi
cated by the bld) or nought (indicated
ta the asked) at the Mme of eomptla
tton (13 Noon. Friday). Orlaln of any
Violation furnished upon request.
" WASHINGTON ABEA LISTINGS
Bonds— Bld Asked
::::
nn Fdb SHs 74 ww - 102
t F db 5%1 75 WW— 100
Irrel Storage Ss 67 . 75
mt FF db 4%a 71OT 75
»t Bmol Cp CT Ba 67 120
coin Service S%a 67 »B
tro Inc cr db ds 67 . . 05
tro Brdc c» db 6s 75 125 135
couet’ciub O*B 3s 65 80* ZZZZ
Oxy cv db 6s 66 uts 26 ....
Oxy cv db 6s 68 . 130
teJAF cv db 5s 69 122 ....
it* L*F db 6s 77 ww 100
(to LAP db »%a 78ww 100
Steeke—
*|% *l%
fek k ?h» rta, z: ?:% -2-6-
SWfc.‘£zz g*
BMt«ittz 11*
Chesapeake Instrument. 2315 25
Citi rens Bank of Md —. 40%
Clarendon Trust Co 40
Clinic Properties 7%
Columbia Medical Bldg. 160
Columbia Mtge Co it. 10
Columbia Operatint Cp. 250
Comtaol Industries » 314
Comwlth Natural Gas .-. 25 27
Computer Usage Co Ine 9 10
Consolidated Title Co pt 40
Consolidated Title com. 40
Continental Bn terp rises- 2% 3%
Crown Photo Inc 28 in 30%
Dart Drug- 4% 5%
D c Paper MHls 4% . ..
Defense Electronics ... 3% 4
DISC Inc 4 414
*Mat Natl Securities pt. 115
Dis'. Ntl Securities com 10
District Theatres 1%
Doctors Hospital2oo ....
48* >l*
IS* .“*
Federal Services Pin oom 16%
Federal Stores* 25
Financial Credit Co uts 8
First * Cltlsena NB Alex 52 ....
First Colony Life 9 10
First N Bank Arlington 90
.Mrsl N Bank So Md.... 45 ....
First Virginie Corp 3% 4%
Giant Food Inc Cl A... 13*. 15
Giant Pood Prop com.. 114 2
Govt Smpl Ins Co 93 98
Govt Bmn Use Ins Co. 63 6*
Govt Bmpioyees Corp ■36 41
Greater Wash Ind Inv. 11% 12%
Griffith Consum Cp pf.. 40
Guaranty Life Ins ... 4% 6%
Hot Shoppes Inc 21 22%
Industrial Bank SO ...
MU Bk of Wash 3% S%
Jonkers Bus Meh Inc uts 14% 16
Merch Trans A Stor com 6
Merch Trans A Stor pf. 112
Metro Inc com .... .3%
Metro Inc pf *
Mt Vernon BankATr Co 52
Mt Vernon Mtse Corp.. 25 ....
NAC Charse . ... 8% 10
gzzzz
Natl Capital Bank 40
Natl Press Blds com— 27
Natl Union Ins 12
North Amer BowUns . 3% 4%
O Dorn Bk 4% em or pt 10
Old Dominion NaU Bank 85
mwAk; sp 4?*
ft ft
Pers Indus Bankers com 2%
Pers Indus Bkrs 1.40 pf 17 20
Potomac Natl Bank ... 108
Rosecroft Raceway 815 400
ft
Security Bank . 100
Sec Natl Bank Fairfax. 18% 20%
Security Storage Co 30
Servonlcs Inc . 16% 17%
Shares in Amer Induu.. 11.42 12.46
Bhlrllnston Trust Co 84
Southern Oxysen Co ... 13
Space Components I’4 2%
State LAP Cl A com 20% 22%
State LAP Pf . 23% 24
Suburban Trust Co 79
Teletray Blee Sys Ine 3 3%
Town Enterprises 1% 1%
U S Photo 25% 26%
Union Trust Co ... 43 ...
United Sves Life Ins Co. 65 70
Ver Annuity Llfs Ins 9% io%
Waldorf Bank . .... 22 ....
Waah Med Bld< CP— 150
OUT-OF-TOWN LISTINGS
«£lM*.z.-z.-~r « w
?* r
Amer Investors Corp 1% 5%
Amer Marietta Co 86% 89%
Amer Services Use Ina 2 2%
Anheuser Busch... 88% 41%
Automation Fund .... 14.32 15 66
Bank of Amer NTSA ... 50% 83
1?% 11%
Billups Eastern Pete 5 ’ 6%
Billups Western Pete... 6% 7%
Calif a Orason Power.. 45 48%
VOLKSWAGEN
DISTRIBUTOR
located in Washington, D. C. and
serving 5 states,
distributing 12,000 units a year
requires:
ZONE SALES MANAGER
An experienced, competent mon, to be stationed in
Charlotte, N. C., be responsible for approximately ton
dealerships. Should hove at least a five year automotive
background. An excellent proposition for the right man
and he may bo you. Salary commensurate with
experience.
TRUCK SALES MANAGER
The man we want will work at the distributor level,
should be experienced in wholesale and retail mer
chandising of commercial units up to 6,000 pounds
GVW. Must have at least five years experisnee, know
truck sales administration and selling, bo able to
organize truck soles operations at dealerships. A fine
opportunity with a future. Salary open.
Write Box 497-M, Washington Star
Mr. Areeetreng Nr. Selby
*
of the Selective Service Board
of the county for 20 years.
Mr. Armstrong formerly was
a- director of the Montgomery
Mutual Building And Loan As
sociation prior to sale of its
assets to Citizens, and served
on Citizens' Montgomery Mu
tual Advisory Board. He is a
marketing specialist in the De
partment of Agriculture.
Re-elected directors were:
Vernon M. Briggs, A. Myron
Cowell, John N. Gifford, Frank
L. Hewitt. Jr., C. Edwin Kline,
Dr. Claude W. Mitchell, William
F. Prettyman, Augustus R.
Selby, Harold W. Ward and H.
Deets Warfield.
lft }ft
ift ift
Gas Service Co 37% 39%
Gulf Use Ina 18% 20%
Houston Corp com 9% 10%
InaZZ I*% 44%
KMS?p e ?“ ZZ-ZZ ?k ?ft
Keystone Portland Com. 29% 32
Lake Ont Portland Com. 2% 3%
Lee Electronics 3% 4
Leeds Travelwear Inc _. 6% 7%
Life Ins of Va ... 59% 63%
Lincoln Natl Life Ina... 230 240
Lone Star Steel 17% 19%
Ludlow Mfs A Sales 36% 38%
Market Baakst 28% 30%
McLean Ind ... 3% 4
Metropolitan Broadcast. 20% 22%
Mississippi Vflley Gas.. 24% 26%
Pacific sow“ * Usht-Z 4* % 43%
Pioneer Natural Ges 25% 27%
Public Service New Hamp 21 5.3%
Rockwell Mts - 32% 35
Ban Juan Racine Aaan . 1% 2%
lift sft
Kwsst Jtates Telephone 2* 31 %
Texas Eastern Transmls 32% 34%
TTan!cen*&M > Pipetlnel 22% 24%
§?% i ii%
& n s^. e &T. en L“ 4ft 4ft
W’jT-zz-zzz 51
MUTUAL FUNDS
NEW YORK (AP) Bld Ask
National Associa- Crwtb 10.1411.8$
tion Securities Deal- Income 415 4.14
ere. Inc. Int Resour 5.05 5.52
Bld Ask Inv CoAm 10.511 M
Aberdeen 1.17 IB Inv Resch 11.4111.70
AffU Fd 734 OJ4 Istel Fd MMI3 34
Am Bus 4.17 454 Johrntn 13.1113.13
Am lav 1431 14.51 KEYSTONE:
Am Mut 1.74 457 Cue Bl 14.415.48
Amßes D 11.1513.15 Cus Bi 11.5* 23 54
Asso Fd 1.51 1.47 Cue Bl 15.1414.51
Atom Phys 5.02 5.40 Cui B 4 040 10.15
Axe g A 5.37 5.64 Cus KI S.|7 »M
Axe H B i. 41 0.14 Cus K 2 15.4714.00
Axe ■ Stk 3.15 4.21 Cue SI 20.80 22.7 T
Axe Seise I.M 12.47 Cus SI 11.0513.05 1
Axe Temp 4.24 10.12 Cue S 3 13.4014 71
Blue RM 11.T4 13.05 dus S 4 13 Os 14 10
Bost Fd M.MISJ2 Keys CM 14 30 15%
Bullock 12.04 14.00 Knickerb 501 448
Cj" £e« ’} »•!’£ Krtck Gib 4.M 7.10
Cdn Fd 14.3017.72 Lexiozt 111412 20
CAa JCth 10.34 11.30 Life £ 4.00 ”5
Captt Shr 4.14 10.04 Loom SCa 24 04 24 04
Cent Shr 4.47 10.45 Loom Say 14 Nl4 M
Cbem Fd 11. N 12. M MANAG FUND:
f-S Eert 240 2.04
Colon Fd 0.57 11.55 Gen Ind 3.57 3.01
Cwp N 032 7.04 Paper j.yo 3 n
Ceaeord 14.4215.01 Petrol 2152 34
Con Inv 17.125 10.425 Sped 343 374
Corp Ld 14.22 M.V4 2j5 210
M *** Tr u *•
DeU Fd 11.44 12.43 Maae Gth 15.50 14 74
Sri* J.™) ,12122 M,w Ul * DMM2O
M 15 S 2 Z Mut Bives 4.57 10.51
deveeh M 57 M 54.33 Mut Shre 13.71 13.71
Diver Gr 4.47 10.43 Mut Trust 3.15 3.42
H'SI Hi N *‘ ws « » 51M 20
Divid Skr 3.M 3.35 NAT SEC SER:
2 r ! 7fB L ■ 8,1,n 10.4111.40
Eston Bel 11.5012.30 Bond 540 544
Eaton Stk 12.57 13.44 Divid 344 34t
IS
s,ock •-« •-»’
Fed Grth 12.4413.42 Grwth IM 411
iolmiuo
mS* 1 « N L- Ca P“ ”-7014.40
F’dMut 17.11 14.25 NCE Sh 13.3414.50
221 On » Wm 9 13 27 M-»
f * 2ft 2-S 52 Opp * B Fd ” 34 ” “
112.22? p *“ 88 ,3J ’ ,3J 7
E 3 d J . ,?*2 ? Peoples 14.20 21.13
’2 ?2 PMmJA 10.0411.70
rS 2u Im Ei” 84 ’ , - 73 ” 84
Fnk Com 6.14 4.75 Pioneer 0.02 4.54
,?2,2K Pric * ™ kwh- 43
Gen Cap V.H 1f.54 puritan 772 135
SSk.’S?"-, 7 /. 03 1M Pu 'n7m 14 07 16.14
“fi, a Grth ,S 23 1‘ 55
a “t® Jso 4.32 Guar Diet 6.40 7.54
Vs. ’;•? 80x1 <*• 12 ,4 1’-76
S®" B SC 10 MUM
£! p Gr ,5-3,12? S'* l * stk * M » 32
P len, o. 12'15 HSI Selec Am 4.17 4.42
Com St 12.56 13.75 Smith Ed 14.47 14.47
E°? d . j 2'51,5'52 Sw ,BV “ i 4 - 48 15-*5
I
f. 31 Its S SSU
Merch 13,06 14.30 SUH In* 1)7 : 112*45
Minin* 5.42 6.17 Telev El 7.M 054
Petrol 10128 11.26 Twns Grth 6." 4 U
55 215 2’2* TwenC GU| 7-54 8.24
55 S’ 2 51, 5 74 UNITED FUNDS:
?. R ft 2'l? ’222 Accu U.M 14.01
!■? ,!•!? c®” 4 234 • 94
Tobae 4.4110.31 Incom 11.012 21
. 12 55 12 44 S' l - 34 « 15 S 3
Grth Ind 14.80 20.40 UaF Ca 16.33 17.75
Guardn 20.57 20.57 Vai Line 6.34 6.43
Ham bc7 5.27 5.76 Vai L toe 531 5M
Ham hda 5.17 ... Vai L Spl 3.51 3.04
Haydock 24.41 20.61 Wall Si In 0.46 TM
| m F Cap 0.52 4.31 Waah Mut 4.43 10.05
ly /■<_„ 2 -56 iM Well Eq 14.04 15.26
INBTTT SBBS: Well Fd 14.1615.43
Found 10.05 11.06 Winfield 13.0414.25
Citizens Bank
Os Maryland's
Profits Double
Net operating earnings of the
Citizens Bank of Maryland
jumped to $418,754 in 1960 or
more than double a total of
$221,368 for the previous year.
President Alfred H. Smith dis
closed in the annual report Fri
day.
The net was equal to $3.25
a share, compared with $1.74 a
share on fewer shares a year
earlier.
President Smith also reported
assets of the bank reached $53,-
256,694 at the year end, com
pared with $46,310,584 a year
earlier. Deposits totaled $48.-
033,662, compared with $41,589,-
896.
The outstanding 1960 results
were presented at the anual
meeting at the bank’s main
office and stockholders ap
proved a stock increase of 22.-
829 shares to permit sale of ad
ditional shares and a 5 per cent
stock dividend.
A total of 15,470 new shares
will be sold at $4O a share and
7,358 shares will be distributed
as a sock dividend. This will
increase capital stock to $1.7
million from the present $l,-
471,710.
At an organizational meeting
after the stockholders’ session,
directors elected Edgar L. Al
len assistant cashier. Kenneth
N. Lundregan was named as
sistant auditor and Jack R.
Weller assistant manager of the
Prince Georges Plaza office.
COTTON '
NW YORK. Ju. 14 (AP).-Cotton
futures contracts were moderately lower
ft* ! ! ,ew Vorit c<xt<M Exchanze thia
week, closing nd 5 cents to 81.10 a
. N ' lr * r months showed a downward
tendency white the more diatant montha
firmed moderately until Friday, when
u' "versed itself. The
March. 1462, and May. 1462. futures
earlier had advanced to Itfc-of-coitract
hi£hs.
MiXlerate easinf of the newer pool
‘‘“l! during mote of the week reflected
i&'SSST
te*uJ n S M m.^ 7 e.. r,Po,t • 01 dUIl "'“
The more diatant montha tended to
firm, meanwhile, on trade buying stim
ulated by price support prospects (or
the new crop. Profit-taking on Friday
erased earlier gains, however.
Exports for the week ended Tuesday
were estimated tor the Exchange Serv
ft'.k 14 ’rir 000 b,IM compared
with 172X100 a week earlier and 207X00
a year earlier. For too season through
2°, they wer * estimated at
2.507X00 bales as againat 2J14X00 to
the same time last season.
COMMODITIES
t 7„. d *r??ur u^kT- 1 '
naSd* AS. 1 ’” '°“-
!8-3sT t ?ea 1 r e t“ ‘ **° BM
chanted and food, trains and cotton
hit p°new ’WM**’ 21 ffe “ a
aijgl
N ’?^wT»‘BUi’^ w M
Potent Attorney
Melpar has excellent growth opportunity for Patent
Attorney with degree in EE or Physics os well as LL.B,
with 3 to 5 years experience in the Electronic and
Electro-Mechanical field.
Duties will include patent searching, application fil
ing and prosecution including infringement, validity
studies, interference proceedings and appeals. Addi
tional duties will include ivork in areas of trade
marks, copyrights and trade secrets.
Complete company benefits.
All replies will be treated in strict confidence.
Write t© Manager, Professional Placement
3000 Arlington Blvd., Falls Church, Va.
MELPAR, INC.
o subsidiary of Westinghouse Air Brake Co.
I
LISTEN | DAILYI
ENGINEERING
REPORT
Brings to this area the premier aerospace
science-engineering news report 0n...
980 KC WRC-NBC 93.9 FM
7:35 AM
Monday through Friday with Orval Anderson. Presented by
s'Aiarquardt
/ CORTORATION
VAN NUYB. CALIFORNIA
MhHfL
Daniel W. Strishock has
become a registered rep
resentative for Folger,
Nolan, Fleming - W. B.
Hibbs & Co., members of
the New York Stock Ex
change. He is a Certified
Public Accountant and
has been with Price
Waterhouse & Co.
DIVIDENDS
By th* Aiaoclated Preta
F«- Stk. as Fay-
Bal* rl*d BeccrS abl*
NO ACTION
Arnold Alt Al pf
STOCK
T.(t Brdcaat 2-15 3-14
Cauda Cement .25 Q 1-27 2-20
Kroger Co 275 Q 1-27 3-1
Plymouth Rub 05 Q 2-1 2-15
Stmnaon'a Ltd . .175 Q 2-15 3-15
SmllT H Pap M . .30 3 4-1
Stoufier Corp .10 2-10 2-20
Taft Brdcaat . .10 Q 2-15 3-14
E'qffice moving 1
I TRUCKS FOR HIRE I
I Commercial Warehousing
roCCIDEnTAII
TA U a
THE SUNDAY STAR
Wedbiogtsw, D. C.
iMMtr it, mr
L WE WANT 4
h LAND ◄
k Acreage for velum* housing develop- A
F merit. Plotted area preferred, but
y willing to talk about any site .with j
possibilities. w
b Write Box 448-M, Star ◄
Reserve District No. 5
REPORT OF CONDITION OF THE
McLachlen Banking Corporation
Os Washington 1, in the District of Columbia, at the close of
business on December 30, 1960. Published in response to call
made by Comptroller of the Currency, under Section 5211,
U. S. Revised Statutes, and a call made by the Federal Reserve
Bank of this district, pursuant to the provisions of the Federal
Reserve Act.
ASSETS
1. Cash, balances with other banks, Including
reserve balance, and cash Items in process
of collection .... $3,956,778.83
2. United States Government obligations, direct
and guaranteed 9,299,911.98
4. Other bonds, notes, and debentures 845,604.00
5. Corporate stocks (including $31,500.00 stock
of Federal Reserve bank) 31,501.00
and fixtures $93,244.35
overdrafts) 9,515,799.61
7. Bank premises owned $456,169.63, furniture
and fixtures $95,244.35 549,413.98
11. Other assets 62404.27
12. Total Assets $24,261,113.67
LIABILITIES
13. Demand deposits of individuals, partner-
ships. and corporationsj_. $15,997,193.38
14. Time deposits of individuals, partnerships,
and corporations —... 5,009,878.22
15. Deposits of United States Government .... 1,741,484.70
18. Other deposits (certified and cashier’s
checks, etc.) 162,389.02
19. Total Deposits
23. Other liabilities .... 98,548.62
24. Total Liabilities $23,009,493.94
CAPITAL ACCOUNTS
25. Capital Stock:
(a) Common stock, total par $500,000.00 $500,000.00
26. Surplus 600,000.00
27. Undivided profits 151,619.73
29. Total Capital Accounts $1,251,619.73
30. Total Liabilities and Capital Accounts 1= 524,261,
MEMORANDA
31. Assets pledged or assigned to secure liabili-
ties and for other purposes $2,261,220.00
I. WILLIAM E. WILLIAMS, Treasurer of the above-named
bank, do solemnly swear that the above statement la true to
the best of my knowledge and belief.
WILLIAM E. WILLIAMS, Treasurer.
City of Washington, District of Columbia, as:
/ Sworn to and subscribed before me this 10th day of Jan
uary. 1961, and I hereby certify that I am not an officer or
director of this bank.
(Seal.) AUGUSTA HANLON BROWN, Notary Public.
My commission expires February 14, 1961.
Correct—Attest:
J. C. HARDING. LEONARD B. DOGGETT, JR.,
GUY D. COWL, G. A. PENDLETON.
L P. McLACHLEN, EMORY L GROFF,
CLYDE D. GARRETT, EVERETT J. BOOTHBY,
GEORGE MILLER, HORACE L. RICHARDSON,
P. Y. K. HOWAT. Directors.
«
Reserve District No. 5
REPORT OF CONDITION OF THE
UNION TRUST COMPANY
of the District of Columbia
In the District of Columbia, at the close of business on De
cember 31, 1960. Published In response to call made by Comp
troller of the Currency, under Section 5211, U. S. Revised
Statutes.
ASSETS
1. Cash, balances with other banks, including
reserve balance, and cash items in process
of collection $26,457,061.32
2. United States Government obligations, direct
and guaranteed 33,174,267.51
4. Other bonds, notes and debentures 98,781.25
6. Loans and discounts (Including. $5,923.21
overdrafts) 67,730,547.70
7. Bank premises owned $1,917,039.93, furniture
and fixtures $268,377.01 2,185,416.94
11. Other assets.-..-.. 1,067.638.63
12. Total A55et5—7130,713,71X35
LIABILITIES
13. Demand deposits of individuals, partnerships,
and corporations $66,579,246.82
14. Time deposits of individuals, partnerships,
and corporations 45,804,16054
15. Deposits of United States Government (in-
cluding postal savings) 1,841,169.85
17. Deposits of banks 1,276,470.13
18. Other deposits (certified and cashier’s
checks, etc.) 1,447,279.53
19. Total Deposits $116,948,326.87
23. Other liabilities ... 4,078,378.71
24. Total Liabilitiessl2l,o26.76s.sB
CAPITAL ACCOUNTS
25. Capital Stock:
(a* Common stock, total par $3,000,000.00 63.000,000.00
26. Surplus 4,500,000.00
27. Undivided profits 1.727,403.97
28. Reserves 459,603.80
29. Total Capital Accounts
30. Total Liabilities and Capital Accounts $130,713,713.35
MEMORANDA
31. Assets pledged or assigned to secure liabilities
and for other purposes. $10,007,321.12
I. DONALD C. JONES, Vice President and Treasurer of
the above-named bank, do solemnly swear that the above
statement is true to the best of my knowledge and belief
DONALD C. JONES, Vice President and Treasurer.
District of Columbia, ss:
Sworn to and subscribed before me the 10th day of Jan
uary, 1961. and I hereby certify that I am not an officer or
director of this bank.
(Seal.) J. DUTTON WAINWRIGHT, Notary Public.
My commission expires August 14, 1964.
Correct—Attest:
GEORGE E. HAMILTON, JR„ W. CAMERON BURTON.
ARCH N. BOOTH. W. R. FORSTER,
PAGE HUFTY, R. ROY DUNN.
D. W O’DONOGHUE. WM. SHARON FARR.
EVERETT FLOOD, GODFREY W. KAUFFMANN,
FREDERICK STOHLMAN, MILTON W. KING,
A. L. THOMPSON. NEWELL W. ELLISON,
H. HOLMES VOGEL, A. HARDING PAUL,
L. W. HOLBROOK, ' J. D. BOWERSOCK.
ALFRED STIDHAM, LINWOOD P. HARRELL,
DONALD S. BITTINGER, Directors.
4 a
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NAME
J ADDRESS
I CITYZONESTATE
I SENT BY
I
r
i
i

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