Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-12-28
| New High for Year Set
By American Security
As Price Reaches 81
By Edword c. Stone

By Edword c. Stone
American Security & Trust Co.
stock, selling at 80 on the Wash
ington Stock Exchange, has
reached a new high price for the
year. During 1949 the stock he's
moved from 1854 to the present
quotation, up more than five
points.
Other bank stocks listed on the
Washington Exchange also are
ending the year at unusually
strong prices, Bank of Commerce
& Savings standing at 355, Riggs
National at 327, Union Trust at
the high for the year of Al, and
National Capital Bank at q.
The last sale in Washington
Loan g. Trust stock was regis
tered at 339. Latest bids for other
bank stocks include Liberty Ma
tional at 315: Lincoln National,
$40: National Savings & Trust,
400; Prince Georges Bank, 80;
Bank Of Bethesda, 30, and Ma
tional Bank of Washington. 289.
q very sharp advance.
Bank stocks in the overtime
counter list are also ending 1949
at highly favorable prices.
Who Owns Big Business?
Americas largest corporations
are owned by millions Of small
stockholders rather than by a
small group of the financially
elite, study published in Trusts
and Estates reveals. More than
1o.000, 900 stockholders own shares
in 1854 big companies. Stockhold-
ers outnumber employees to S.
Individuals account for 80 per
cent of all stockholders and own
an average of So per cent of the
stock. The other 20 per cent ale
group owners. In 43 companies
women outnumber men share
holders, in two companies by IS
per cent in numbers and % per
cent in holdings.
Gas Dividends Declared.
Directors of the Washington
Gas Light Co. today declared the
regular quarterly dividends. in
GLIDING $1.121a per share on the
450% preferred and $1.06A on
the 1857 preferred, both payable
February 10 to stock of record,
January Is; also 37la per share
on the common stock, payable
February to stock of record jan
uary 10.
Jacob H. Hays Of Weiser Park,
Pa. has ben reappointed director
at-large of the Farm Credit Ad-
ministration of Baltimore. The
district includes Virginia, West
Virginia, Maryland, Delaware and
Pennsylvania. He has been with
the board since 1941.
The Washington office an
nounced today that G. j. Brande-
wiede, materials director of Amer
lean Airlines, will be named vice
president Of maintenance and sup
ply, on January /. This is new
department. Headquarters will be
ut La Guardia Airport.
Raymond G. Lochiel. vice presi-
dent and treasurer Of Capital Air
lines, has been appointed a MEM
Der of the Civilian Panel which
gives advice and guidance to the
controller of the Army. The ap-
pointment was made by 1t. Gen.
Raymond S. McLain. controller OF
the Army, in the Office of the chief
Of staff.
Mail Traffic Head Named.
APPOINTMENT Of Arthur z. Bowers
of Richmond, Va, as mail traffic
manager for the Seaboard Air Line
Railroad, with headquarters at
Norfolk, was announced today. A
native Of Mt. jackson, Va. he has
had charge of all mail entering
Richmond from the South, West
and East. He is a trustee OF Marion
Junior College.
William L. Porte, Mutual Life
Of New York, has been in the in
surance business only three years,
has written q million in policies
each year. and has been made a
life member Of the Million Dollar
Roundable, it was announced to-
day by Manager Charles P. Rice.
Noted Sneakers on Program.
r. Raymond Peterson, president
Of the ABA; r. w. Jones, of the
Westminster Bank. London: Mar
Gus Nader. New York University,
and M. A. Shattuck of Boston, will
be among speakers addressing the
ABA Trust Conference in New
York in February.
Nash Motors will show a proto-
type Of a 81 900 economy car" in
the ballroom at the Mayhower or
January 6. While no such car has
been built, the company believes
a great many people will be anx-
ious to see the prototype.
The Mutual Insurance Agency
has won special recognition for
outstanding service in the insur-
ance profession through re-elec-
ton to the Live Members Club,
nationwide honorary organiza-
ton Of Lumbermens Casualty Co.
Chicuoo Groin