Evening star., 1942-12-18

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the past year he has been pres
ident of the Industrial Insurance
Conference. The new president is
a past president of the Optimist
Club and member of the Colum-
bia Country Club.
Mrs. Harvey Chiswell Byers, sec
retary- treasurer of the company, re-
tired from this position at yester-
days annual meeting and was made
secretary of the Board of Directors.
Samuel w. Hauser was elected to
the Offices vacated by Mrs. Byers.
The company is located in the
Peoples Life Insurance Building,
Fourteenth and H streets NV.
Investment Dealers Honored.
James Parker Nolan, partner in
the investment firm of Folger, Nolan
& Co., has been elected a member
of the Board of Governors of the
National Association of Securities
Dealers, succeeding B. Howell Girls
void, jr., of Alexander Brown &
Sons, Baltimore, it was announced
today from Philadelphia headquar-
ters.
Mr.. Nolan was elected for three
years to represent district No. II,
which includes the District of Co.
lumbia, Maryland, Virginia, West
Virginia and North Carolina. Mr..
Nolan has served on many commit
tees of the Investment Bankers
Association, is treasurer of the
Washington Stock Exchange and
treasurer and member of the Board
OF Trustees of the Family Service
Association. also vice chairman of
the Investment Bankers War Saw
ings Committee.
T. Baker Robinson, partner in the
investment firm of Robinson, Rohr-
baugh q Lukens. has been named
chairman of district No. IL, succeed
Ing Mr.. Nolan. He has been active
in Capital bond circles for years.
More Dividends Declared.
Directors of the Second National
Bank have declared a semi-annual
dividend of per cent, payable De-
cember % to stockholders of record
December 81, President John A.
Reilly announced today. The board
recently declared and paid extra
year-c!d compensation to all en-
ploycS.
Directors of the Security Storage
Co. have declared a dividend of
$3.50 per share, payable January 10
to stock of record January S, Paul
Alvey, secretary, announced today.
Directors of the Columbia Title |
Co. declared an extra dividend of
4 per cent in addition to the regu-
lar 3 per cent dividend on the COM
mon stock, payable December 81 to
stock of record December 16.
The Real Estate Title Insurance
Co. has voted IA per cent extra
In addition to the regular per
cent dividend, both payable Decem-
Der 81 to stockholders of record
December is.
The Bank of Bethesda has de-
clared a l per cent extra and the
usual semi-annual payment of IL
per cent, payable December % to
shareholders of record December Is
Directors of the National Capital
Bank have voted the regular semi
annual dividend of $3.50 per share,
payable December 81 to stockhold-
ers OF record December "a, Presi-
dent H. H. Mckee announced today.
Gas Stock Draws Attention.
Washington Gas Light $3.50 pre-
1erred stock drew most attention on
the Washington Stock Exchange to-
day, opening at 81, up a full point.
Three more 10-share sales were
recorded at 81 and 80 more shares
at 90la. The final bid was 80 with
81 asked. The only other sale was
in Capital Transit, which changed
hands at 25A, ex-dividend.
New York Stock Exchange Offices
in Washington were lively places
today, following yesterdays uprush
in prices and volume of trading. In
the first hour today Wall Street
sales totaled 100000 shares.
There has been a great deal of
talk about December rise of some
kind. Brokers we're swamped with
telephone calls today from investors
anxious to learn if a real advance
had started. 1t was too soon for
brokers to say
Rail Earnings Up Sharply.
Seventeen class l railroads in the
Southern district had estimated
operating revenues in November of
$64 ,464,547, compared with s4o,867,-
579 in November, l941, or an increase
of SIT per cent
Freight revenues OF those railroads
In November amounted to $494l6,-
344, compared with s34, ,796,49 in
November, l94l, or an increase of AZ
per cent.
Passenger revenues of those roads
In November, 1912, totaled $685.
4l2, compared with S3617. .so6 in No
vember, 194l, or an increase of 2233
per cent, the Association of Ameri-
can Railroads announced here today.