Evening star., 1951-03-19


headquarters in Washington.
District IL of the association,
comprising the District of Column
bia. Maryland. North Carolina,
Virginia and West Virginia, has
l25 members. Mr.. Fulton reported.
District 13. including Connecti-
cut. New Jersey and New York,
leads the list with 1,035 members.
Vepco Earnings Improve.
Virginia Electric & Power Co.
had net income of $966,507 in
February VS.. 1888, 1886 in the same
1850 month. while net for two
months this yeal rose to $2,069,-
$50 VS.. s1,873,7e6 a year earlier,
the company reported.
Operating revenues in Febru-
ary rose to $5.832.104 VS.. $5,121,-
8o6 year earlier. while two
months operating revenues
reached s11,891, ,266 VS.. S1o.529.-
668.
Because of larger number of
shares than year earlier, per
share earnings in February were
1871 cents VS.. 1875 cents a year
earlier, while per share figures for
the two months were 80 cents VS..
Il cents.
The company's net income for
II months ended February %
was $10,313,574 or $1.91 a COM
mon share VS.. 1926, ,421 or $1.82
in the preceding IL months. Rev.
enues totaled $50, ,324,134 VS.. $751;
240,547.
Realtors Expect More Parking.
The city of 1860 will have more
parking space than today. re-
lieving one of the sharpest head
aches plaguing the modern COM
munity. President Alexander Sum-
mer of the National Association
of Real Estate Boards, said at
Birmingham. Ala, today.
Addressing a community meet
ing sponsored by the Birming-
ham Real Estate Board, Mr.. Sum-
mer said his forecast was based
on results of a recent survey in
which zoos realtors in 48 States
prophesied on characteristics OF
their cities in a decade.
About nine of the 10 reporting
experts predicted more parking
space, including both added facili-
ties and greater relative appor-
tionment. In larger cities the
predictions were almost unani-
nous for more space by 1860. More
freeways from the center of town
also were forecast, Mr.. Summer
said.
Despite the expected relief, real
tors forecast a further shift of
business volume and a spread of
industrial areas out from present
city centers.
Treasury Circular Issued.
Secretary of the Treasury Snyder
today released the official circular
governing the offering of 234 per
cent Treasury bonds. investment
series B-1975-80 Holders of 2la
per cent Treasury bond of June
Is and December Is. 1967-72 may,
at their option, exchange their
bonds of either or both series for
the new 234 per cent Treasury
bonds, in authorized denomina-
tions. The amount Of the Offer
ing will be limited to the amount
of Treasury bonds of 1967-72 of
either or both of the specified
series rendered and accepted.
AS previously announced, the
subscription books will open on
Monday, March 26, for about two
weeks, although the ecIetary re-
serves the right to close the books
at any time without notice.
The secretary also released the
offering circular governing the
11s per cent fve-year marketable
Treasury notes which will be avail
able for exchange to owners of the
new 24 per cent Treasury bonds,
at their option, during the life Of
the bonds. The first issue of the
new notes will be dated April /,
and will be available as soon as the
234 per cent bonds are issued.
Furniture Sales Up Sharply.
Sales of seven furniture stores
In the District during January
were 38 per cent above the same
1850 month, the Federal Reserve
Bank reported in its monthly re-
view.
The safe deposit section of the
District Bankers Association will
hold a dinner meeting at the
Lafayette Hotel tomorrow night
George Monk and Thomas P.
Burk. Washington attorneys. will
discuss problems of safe deposit
procedure.