Evening star. [volume] (Washington, D.C.) 1854-1972, 1951-03-05
DC. Exchanged Volume
Up Sharply in Month,
Most Prices Higher
By Donald B. HodIey

Stock Exchange expanded to 3d.
349 shares in February. compared
with 25,042 in the previous month
and 21,121 in February. 1850, ex-
change officials reported today.
OF the 81 stocks traded in the
month, 16 recorded price gains,
while three remained unchanged
and two showed small declines.
Best advances were chalked up by
shares of Riggs National Bank.
Garfnckel & Co. common, Hecht
Co. common, Mergenthaler Limo
type and Peoples Drug Stores.
Shares of Capital Transit Co. and
Southern Co. were lower.
Potomac Electric Power Co.
common continued to lead activity
with 22,889 shares changing hands
in the month. It closed at 1414,
up 70 of a point.
Sales and price changes of
other leaders follow: Virginia
Electric & Power Co. common,
1.703 shares. up l: Washington
Gas Light common. 1.481 shares.
up 1H; Garf1nckel common. 1872
shares, up az; Southern Co.
common. tbs shares, down IS;
Pepco SO per cent preferred A,
695 shares. unchanged: Hecht
common, 613 shares, up 23s; Gar
finekel 40 per cent preferred,
SIS shares, up /; Washington Gas
$4.25 preferred. 514 shares, up 70;
Woodward g. Lothrop common.
440 shares up IA; Capital Tran
sit. 425. down /; Mergenthaler,
400 shares. up 2; Pepco 3.6 per
cent preferred B. POI shares, I'M
changed; Peoples Drug. 241
shares, up 2hs. The Riggs shares
snapped back IS a share to
close at 1910, after losing the
same amount in the previous
month. Only 40 were traded.
Institute Meeting Planned.
The American Saving and Loan
Institute mid-winter conference
at Cincinnati March 10 to II will
be attended by group for Wash
ington. About 500 junior execu-
tives from savings association
across the Nation are expected.
This is the most important an
nual event of the institute. which
is the educational wing of the
United States Savings & Loan
League.
Walter j. L. Ray of Detroit.
president of the league, and
Morton Bodfsh, chairman Of
the leagues executive committee.
will be among the speakers. c. FL
wood Knapp of Pittsburgh, presi-
dent of the institute, will address
the opening general business ses-
sion on Thursday, March Is.
Fred T. Greene, president of the
Federal Home Loan Bank of In
dianapolis and George N. Craig.
immediate past president of the
American Legion, also will speak.
Work on Convention Plans.
Officials of the Maryland and
Virginia Bank Associations are
hard at work on plans for their
conventions.
The Maryland association will
meet May 21-22 at Chalfonte
Haddon-Hall Hotel, Atlantic City.
This years meeting will celebrate
the 55th anniversary of the asso-
citation. An impressive list of
speakers is planned.
The Virginia association will
hold its 50th annual convention
at the Homestead, Hot Springs,
Va, June lib.
Annual Report Wins Praise.
The annual report of American
Security & Trust Co. received
high praise in the current issue
of Trust and Estates, the flduciary
journal.
In outlining gains made by banks
Of the country during 1850, the
journal pointed to a big improve
ment in annual reports and listed
the Washington bank among eight
institutions issuing reports out
standing for information content,
reliability and good public rela-
tons.
Other institutions on the list
were: Bank of America, San Fran
cisco; Fidelity Philadelphia Trust,
First National Bank, Tulsa; Gil
rard Trust. Philadelphia; Irving
Trust, New York; Manufacturers
& Traders Trust. Buffalo; Repub-
lie National Bank. Dallas.
Speaker at American u.
Robert Smalley, a graduate of
1948 and now merchandise super
intendent of the Wisconsin avenue
store of Sears, Roebuck & Co., will
address administration students
at American University on We'd
nesday. His subject will be:
Careers in Large Scale Retail
ing"
Robert E. Harper has been
AAoAAASA ChCS0ClFC VIC III colOGllU Wy
the board of National Business
Publications, Inc, the national
association of publishers of trade,
technical, scientific and profess
sional periodicals. Previously he
was managing director and secre-
tary.
Boyce Morgan of Boyce Morgan
& Associates has been named
chairman of the finance commit.
tee of the Direct Mail Advertising
Association, Inc. He was appoint
ed by L. T. Alexander, president
of the association and manager
of the Direct Mail Division, E. I.
du Pont du Nemours & Co.
Sales Executives Meet.
officers. directors, committee
chairmen and past presidents IF
the Sales Executives Club Of
Washington met this noon at the
Burlington Hotel to go over plans
for important programs sponsored
by the club this year.
An all-day and evening Sales
Management Conference sched-