Evening star., 1951-01-14

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Committee, also will talk.
DR.. Paul F. Douglass, president
of American University, will adj
dress the Sales Executives Club
lat 1890 pm. tomorrow at the
Mayf1ower. .
Mergenthaler Jumps $S.
Mergenthaler Linotype stock re-
sponded to a s2-for-l splitup by
advancing $8 a share on the Bos-
ton Exchange in the last week
and on the Washington Stock Ex-.
change sold for an advance Of s.
from the last previous price.
The Boston price, at $64 a week
ago yesterday, jumped to Sc on
Monday. 66 on Tuesday, 50 on
Wednesday. II on Thursday. hit
a high of 73 and closed at 1924
on Friday, and closed the week
at 70. The weeks volume at Bos-
ton was 1920 shares. .
All Of the weeks Washington
sales of $50 shares were at 10 on
Thursday The last previous price,
was 66. Saturday quotations here
showed a remarkable spread Of
70 bid and "a asked.
E Bond Sales Down in 1850. ;
Despite drop of around SIS pei
cent in E Bond sales. total Savings
Bonds sales in the District during
1850 reached $71 ,258, 900. a gain
of more than IS million from 1949,-
reported E. c, Baltz, chairman.
District Savings Bond Division.
Special offerings Of F and G Bonds
bolsteHd the total.
Serbs E Bonds crossed $48,-
$4,000 for the year. while F and
G sales totaled $22. $4,000. The
District decline was smaller than
a Nationwide drop Of around Is
per cent. but Mr.. Baltz urged
Washingtonians to give stronger
to the E Bond drive.
Rising living costs. scare buying
and higher taxes were factors in
the lag of E Bond sales.
Net income of the Washington
Gas Light Co. in November totaled
S35, ,093 VS.. $109.036 a year earlier,
while net for II months rose to
ST, 1910 VS.. $849, ,682, the COM :
pany reported yesterday. Includ-
ing subsidiaries, November con-
solidated net was $128,760 VS..
S193,7 and II months net was
So 2,002,098 VS.. $993,523.
Washington department store :
sales in the week ended January 6 r
were 27 per cent above the previ-
ous week and Is per cent above .
the like week a year earlier, the
Richmond Reserve Bank reported.
Sales in four weeks ended the
same date were II per cent above
q year earlier.
Bank Promotions Announced.
William D. Blair, vice president.
las been promoted to executive :
vice president of the Bank Of :
Silver Spring. and Ralph E. Har- !,
non, comptroller, has been named !
ice president and comptroller.
Charles j. Sincell, cashier, has !.
'een elected assistant vice preSi- :
lent, Edward j. FitZgibbon CASH I
er and Karl E. Dampier assistant /.
.ashier. :
Milton r. Morgan, former Vir- !.
yinia State bank commissioner. |.
vas elected to the board of !
Trust Co. at the annual s
Directors later elected 4
lin senior vice president. q
Citizens Bank of Riverdale :.
promoted York D. Hollingsworth i
rom assistant cashier to cashier, !.
FAMED Harry Breitbach. Ted v. /.
iraine and Daniel j.. Murphy
assistant cashiers. and Edgar j. i
saylor auditor. Assets reached
;10,516.000 at the year end, a ,
'ain of s2.687,000 from a year !.
'arlier.
Shirlington Trust Co. assets on !:
December 80 totaled $9,523,495
n contrast to $7,026,723 at the /,
nd of 1949 and $3,150,642 at the !:
nd of l948, stockholders were /.
informed prior. to their annual
Meeting next Tuesday. i,