Evening star., 1950-08-03
D. {. Exchange Sales
Reduced During July
To.21,154 Shares
By Edword G. Stone

By Edword c. Stone
Trading on the Washington
Stock Exchange in July totaled
21,154 shares, decrease of $3.50
shares from the June total of 29,-
504, it was learned today.
Potomac Electric Power common
held its place as by far the most
active stock in the list. Trading
totaled 1870 shares against a
turnover of 17.464 in the preceding
month.
July was an erratic month in
trading on all exchanges and the
letdown in Potomac Common was
in line with changing activity in
other stocks.
Virginia Electric & Power COM
mon was among the most active
issues on the board. The turnover
of 1890 shares compared with
1852 in the previous month.
Southern Co. common, recently
listed for trading on the Washing
ton Exchange, recorded a turn
over of 1925 shares. This was 875
more than in June.
Sales in Washington Gas COM
mon totaled 729 shares compared
with only 164 in June. Demand
for Capital Transit dropped
sharply, BOT shares changing
hands compared with 1,752 in
June.
American Security 81 Trust was
the most active bank stock. Bond
trading was quiet. Prices of most
issues were lower at the end OF
the month, the survey showed.
Pepco Sales Increase.
Further details from the report
OF the Potomac Electric Power Co.
fled with the PUG yesterday,
show that kilowatt-hour sales in
the first half were 1,073,122, or
about S per cent over the same
l949 period, resulting in operating
revenues of $18,575,558, rise of
5.4 per cent.
Operating costs for the six
months were $15,015.975, an in
crease as per cent. Total utility
operating income was up 8.9 per
cent over the same 1949 period.
Operating income was up about
9 per cent but interest charges and
other deductions reduced net in
come SGT ,1O2, or Al per cent below
1949. It totaled $2,284, ,625. Taxes
were 81 per cent lower.
Telechron Statesmen Meet.
About 125 wholesale and retail
salesmen in this territory met
with top officials of Telechron,
Inc, at the Annapolis Hotel for a
promotion session and dinner, last
evening
Speakers were A. F. Fisher,
president; R. T. Woodward, mar
keting manager; Richard D. Tyler,
sales manager; M. j. Dunn, pro-
motion, and E. C. Pease, advertis-
ing manager.
All the latest electric clock
models were displayed and facts
about them shown on a screen.
The "Telechron Caravan" is on a
tour of 16 key cities.
Gas Bonds Offered Here.
Five Washington investment Of
fees are among the 60 members of
the syndicate offering a new issue
of S9O,O00,000 Columbia Gas 3 per
cent debentures, due in 1875. The
debentures are priced at 102.308I
per cent plus accrued interest to
yield 287 to maturity.
The District firms in the syndi-
cate include Merrill Lynch,
Pierce, Fenner & Beane, Alex
ander Brown & Sons, Folger,
Nolan, Inc, Johnston, Lemon &
Co., and Stein Bros. & Boyce.
Haley Leaves Air Lines.
Norman B: Haley has resigned
his Chicago position with United
Air Lines. Mr.. Haley was formerly
director of the Bureau of Air
Mail, Interstate commerce COM
mission; consultant to the Federal
Co-ordinator of Transportation,
and the first director of the
Bureau of Economic Regulation,
Civil Aeronautics Board, In Wash
ington.
Robert N. Greenberg, Wash
ington, has received special
honors from the Mutual Life In
surance Co., of New York. for his
production record last year.
State and municipal financing
during July totaled $198,611 ,301,
as compared with $244,172,529 for
June, 1949, according to the Daily
Pond RIlvnr