Evening star., 1950-01-06
DC. Exchange Volume
Boosted 10 21,554
Shares in December
By edword c, Stone

py EQWoF0 -. St0ne
December sales on the Wash
ington Stock Exchange totaled
21,554 shares, one of the biggest
months of the year and 1000
shares ahead of November.
Potomac Electric Power COM
mon, with a turnover of 11,497
shares, again led all other issues
on the board in volume. Sales in
creased over November when 9,376
shares changed hands. No other
stock in the list has ever been as
active.
Capital Transit was a surprise
stock. when it suddenly became
much more active than in other
months during the year. Sales
reached 2,616 shares, closing the
month at 24l4, close to the years
high. November sales totaled only
870 shares.
Garf1nckel 41a% preferred stood
third in number of shares chang
ing ownership, 1892. Washington
Gas Light common was another
active issue, sales amounting to
1888 shares. In November Gas
stock transfer totaled 2.181 shares.
Most other stocks in the list were
in good demand at firm p.'ices.
A surprise of the month was
the sudden demand fol Capital
Transit As which registered trans
fers totaling 100000 at 9S12 and
98A.i s
Brentano Manager Named.
Margaret Specht has been named
Washington Area manager of
Brentano's. Inc, widely known
booksellers, to succeed Dorothy
Waterbury, whose resignation was
announced Tuesday by Nixon
Griffls, president.
Brentano's operates nine stores
in and around the District, said
to be the largest book operation
in this part of the country. Miss
Specht. the new manager, has
been associated with Brentano's S
New York store at 586 Fifth ave-
nue. as buyer and manager of the
technical department.
Airline Earnings Pick Up.
Capital Airlines earned an oper-
ating profit of s69,590 during
November, an improvement of
$4,000 over the same month a
year ago, j. H. Carmichael, pres
ident, announced today. Net in
come for November, 1949. amount
ed to S28,387. compared with net
loss of $74,973 in November, 1948.
During the month the company
paid $4,000 on its bank debt.
Frank Litton, formerly Wash
1ngton manager of the Hoover
Co., has been assigned as man
ager of the Philadelphia branch.
He will still cover the Maryland
and Washington territory.
Alfred c. .Viebranz, former Gov
ernment sales representative for
the electronics division of Syl-
vania Electric Products. Inc. has
been made general sales manager
OF the electronics division.
Assistant Cashiers Elected.
Reginald E. woodward and
Roger L. Dade, jr., tellers at the
National Metropolitan Bank, have
been promoted to assistant CASH
iers, President c. H. Jabobsen an
nounced today.
Both men have had wide ex-
perience in banking. Mr.. Wood
yard having been with the Metro
politan since 1918 and Mr.. Dade
since 1881. The bank is steadily
expanding its official family to be
ready for the opening Of two
branch Offices already announced.
The Leaders Club of the District
Life Underwriters Association will
hear an address on estate plan
ming by John D. Marsh, at a
dinner meeting next Tuesday
night. o.
Bank Loans Increase.
The Richmond Reserve Bank
reported today that commercial
loans by member banks in Wash
ington showed a gain of about
$500,000 in the week ending De-
cember %. Real estate loans
registered a moderate increase.
Kenneth A. Mass of Chicago,
has been transferred to the Wash
ington headuarters of the Bureau
of National Affairs. Inc. book and
Government report publishers.
He will manage the Southern
region.
Final 1949 prices of real estate
bonds were 8.8 per cent higher
than their closing 1948 level, ac-
cording to the Amott-Baker bond
price averages.