Evening star., 1950-12-04
Exchange Volume Rises.

! 1raQlng on Lne washington
Stock Exchange during November
fexpanded to 24.255 shares, com.
.pared with 22.922 in the previou.
month and 17,728 in November
,ls4s, exchange officials an
,nounced.
Potomac Electric common kept
its lead as the most active stock
on the board with a turnover o1
1882 shares VS.. 14.O03 in the pre-
,vious month and only 9,376 yeal
earlier. Activity in Capital Tran.
Isit dropped to 81 shares in the
month VS.. 1876 in the previous
month and S07 year earlier.
! Second most active stock ir
November was Washington Gas
Light common with a turnover OF
.2.208 shares VS.. 1,188 in the pre-
Iceding month and 2,181 in No.
lvember. 1949. Garfinckel COM
imon was third with. LAS VS.
1920 in October and only 370 a
,year ago. The company's ~ per
,cent preferred stock was third
with a turnover of 1910 shares.
! Sales Of other shares included:
Virginia Electric g. Power COM
mon, 1903; Hecht common, 868;
National Mortgage preferred. 6l0;
Woodward & Lothrop common
571.
Prices showed little change ir
the month. Bond sales totalec
s14.5oo VS.. s18,500 in the previous
month and $20.500 a year ago.
Stock Increase Proposed
At the. annual shareholders
meeting of the Alexandria Ma.
tional Bank on Tuesday, January
8. resolutions will be presented fol
approval of an increase in capita
stock Of the bank from 5000 900 tt
100000.
The increase is to be accom-
phshed. by stock dividend ot
100000 and by the sale ot
100000 Of stock to the present
shareholders at 500 per share.
This program when adopted
will result in a total capital struc-
ture of approximately 5000, 900
including capital, 100000; sur
plus. 100000 and undivided
profits, 100000. There will be
sufficient reserves set aside for
accrued taxes.
c. j. Gockeler, past president of
the Washington Stock Exchange
and retired vice president of the
Hamilton National Bank. was in
the city today visiting friends. He
lives at Ventnor. N. J.
Insurance Men Plan Trip.
Four men from the Metropoli-
tan Washington region of the
Farm Bureau Insurance Com
panies are among the more than
SO agents and home Office repre-
sentatives of the Farm Bureau
Insurance Companies who will
leave shortly for a To-day cross
country tour to Dallas, Tex, to
attend the annual convention of
the American Farm Bureau Fed
Grafton.
The men all of whom are
agents for the firms are Paul r.
Ashbrook, William E. Daisey, jr.,
Anthony M. Madden and Ray B.
Godfrey.
George E. Gardner, president o1
Northeast Airlines, Inc, today an.
nounced the appointment of Johr
c. Dowd. Inc. Boston, and Dowd
Redfield q Johnstone, Inc, New
York and Washington, as adver
tising agencies for Northeast Air.
lines, effective January /.
Milton D. Zinn of Hyattsville
has just returned from Chicago
where he attended an intensive
one-week sales clinic conducted
by Celotex Corp. He is the CClo-
tex sales representative for the
Philadelphia area.
Store Wages Increase.
Employees earnings in Washing
ton department stores and wom-
ems clothing shops employing
more than $50 workers have in
creased generally $3.50 to $3 a
week during the past two years
according to June survey Con-
Quoted by the Bureau of Labor
Statistics.
Average weekly earnings o1
saleswomen in Washington de.
partment and women's ready-to.
wear stores ranged between $34
and $44 in most departments
studied in June.
Men selling furniture and bed
ding averaged $11210 week;
mems clothing. 1924; floor cov-
erings, $79.72, and mems furnish
ings, $62.60.