Evening star., 1949-12-07
Pepco Common Leads
November Trading on
Washington Exchange
By Edword c. Stone

OI EQWuIQ ~. StOUe
Potomac Electric Power COM
mon continued to be the leader in
trading on the Washington Stock
Exchange during November, 9,376
shares changing hands, an in
crease over the 9,207 shares in the
previous month.
Ever since it was listed, this is
sue has outdistanced all other
stocks on the board. The COM
pany's earnings. management, flu
ture prospects and other factors
have made a powerful appeal to
Washington investors. The VOL
ume of sales continues to sur
prise local investment dealers.
Exchange officials reported to-
day that Washington Gas Light
common was the second most ac-
tive stock on the list in November.
This stocks popularity was shown
by the turnover of 2.181 shares.
also an increase over the October
total.
Virginia Electric & Power COM
mon stood third in the list with
sales of 1,675 shares. The stock
enjoys wide favor In this territory.
Sales in October were nearly 5000
shares.
Other favored stocks included
Capital Transit, Garfinckel COM
mon and AZ per cent preferred,
Hecht common, Peoples Drug
Stores and Lanston Monotype.
The Woodward & Lothrop issues
also drew a good deal of attention.
Sales totaled 17,728 shares
against 21,693 in the preceding
month and 20,705 in September.
Auditors to Hear Gill.
William A. Gill of the National
Security Resources Board, will
address the monthly meeting Of
the auditors section Of the Dis
trict Bankers Association, tomor-
row evening at the Burlington
Hotel.
Reynold Lea, research director
Of Frank r. Jelleff. Inc. will be
the guest speaker at the December
meeting of National Capital Group
of Controllers at the Washington
Hotel next Tuesday at 7 pm. D.
K. Howard will preside.
District sales managers from rs
cities on Capital Airlines' system
met in Washington yesterday to
discuss means of increasing winter
revenues.
The George A. Fuller Co. an
nounces that T. S. Paulsen has been
elected vice president in charge OF
the Boston Office which he has
managed for nine years.
Demand Deposits Up Sharply.
The Federal Reserve Bank Of
Richmond today reported that de-
mand deposits in Washington
member banks gained sharply in
the week ending November 80.
moving from $729 1874 900 to $780,
500 9,O00. Time deposits made a
slight advance.
Total loans were off slightly dur
ing the week, both commercial and
real estate loans showing de-
creases. Total investments dis
closed q gain Of about $4,000 900.
The demand for Treasury bills.
the total of $50, ,992, 900 in the
preceding week moving up to $685.
424, 900.
Total assets advanced from
$973, ,374, 900 to $982, ,345. 900 a gain
Of So 988 600. the report stated.
Women High in Finance.
Mrs. Mary G. Roebling. chair
man Of the board of the Trenton
IN. J.l Trust Co.. told the In
vestors' League of New York that
American women are the worlds
greatest capitalists" pointing out
that women control 70% of the
Nations private wealth; constitute
1870 Of Americas corporation
stockholders; have title to 40% Of
the Nations homes. and carry
1000 .000, 900 in life insurance:
also make out 1870 of the income
tax returns"
Under these conditions the
banks might well pay more atten-
ton to women in their advertising
and in their bank services. Mrs.
Roebling added.
Heard in Financial District.
The District of Columbia In
stitute of Certified Public Ac-
countants has adopted a testing
and personal placement program,
President Laurence O. Manley an
nounced today. The tests will be
given at American University be-
ginning December 10.
The Treasury reports a steady
increase in the purchase of $1,000
Series e Savings Bonds. The $500
denominations also are gaining
more and more followers. In the
last three years the $1,000 bonds
have been averaging AZ per cent
of all E Bond purchases.
The Mutual Life Insurance Co.
of New York has announced an
increase of 100000 in dividends
for policyholders in 1850.
Th;rnao Grnin