Evening star., 1952-03-18

troll, announced ~
completion of ~
arrang ments
for the dinner
by a committee
headed by H. G.
Oberlander, Senator Dirksen.
controller of the United State
News Publishing Co.
Other members of the Dime,
Committee are Theodore Herr
Price, Waterhouse & Co.: Hum.
phery Lloyd, Washington Prop.
critics, Inc: G. S. Phillips, Wash
ington Post, and Joseph Upton
Safeway Stores, Inc. Ladies viii
be present at the dinner.
New-Car Sales Lag.
New-car sales here in February
and the first two months of this
year reached the lowest points fol
those periods since 1916, data
from the Traffic Bureau disclosed
today.
New-car titles issued in Febru-
airy totaled 1,607, compared with
2.055 in February, 1851, and for
the two months aggregated 3,167
compared with 4,754 a year earlier.
Both totals were well below 1941
figures of 2,496 for February and
1880 for the two months.
Title transfers, barometer of
used-car sales, totaled 1885 in
February, compared with 1850 in
February, 1851. and for the two
months totaled 5,847, compared
with 5,288 a year earlier. They
also totaled 4,543 in February,
1941, and 9.084 in two months of
the prewar year.
Net automobile registrations,
minus transferred registrations,
aggregated 202,2O9 on February
%. moderately below 206. 1922 a
year earlier, but still ahead of
1927 at the end of February,
1941.
VepcO Earnings Top 1851.
Virginia Electric & Power Co.
had net income of $1,114,116 or
1913 cents a share in February,
compared with $917,504 or II
cents a share in February, 1851,
the company reported today.
Net income for the first two
months this year was $2,331 ,606
or 39.5 cents a share, compared
with $1,971,271 or 81 cents in
the same 1851 period.
February operating revenues
were $6,441, 1903 VS.. $5,832, ,104,
while two months revenues
reached $13.148,336 VS.. $780,
266.
Net income for IL months end
ed February 20 was $10,688, 1877
or SITS a share VS.. $10,215, ,495 or
$1.89 on fewer shares in the pre-
vious year.
Bank Meeting Scheduled.
The District Bankers Associa-
tion will hold its 1852 spring meet
ing at the Columbia Country Club
on Monday, April 81, President
Walton L. Sanderson announced.
The program will include golf
tournament, starting at noon, in
which all active officers of the
member banks may compete for
the Robert v. Fleming Cup, a
putting contest at $3.50 pm. and
an informal reception and dinner
at 6 pm. There will be no speeches,
but a short entertainment pro-
gram has been arranged.
The Safe Deposit Section Of the
association will hold it's next
meeting at the Burlington Hotel
on Wednesday. March 26, starting
at $50 pm. No business and no
speakers have been scheduled.
Frederick J. Burrell Of the Nation
al Savings & Trust Co. is section
chairman.
Taxes Cut Dairy Earnings.
Sales of National Dairy Corp. set
a record of $1,038, ,422 900 in 1851
VS.. 5000, GAL 900 in 1850, but heav-
ier taxes reduced net income to|
$4.07 a share VS.. $5.14 in the pre-
viouS year. President L. A. Van
Bomel stated in the annual report.
Federal, State and municipal
taxes rose to $40, ,222 900 VS.. $40
$4,000 in 1850 and left earnings
after taxes Of $25. .999. 900 VS.. $32,-
665, 900.
National Dairy has extensive
operations here through Chestnut
Farms-Chevy Chase Dairy Co. and
Southern Diaries, Inc.
Heads Nominations Group.
Fred A. Smith, immediate past
president Of the District Building
and Loan League, has been named
chairman of the Nominations
Committee of the league, President
William H. Dyer announced. Other
committee members: Clarence E.
Kefauver. vice chairman; Edward
L. McAleef, Edward c. Baltz.
Chaplin B. Bauman and Raymond
C. Williams.
With its February issues, u. S.
News & World Report crossed the
100000 mark in net paid circula-
ton, reported John H. Sweet, ex-
ecutive vice president and pub
fishing director. It is the only
major weekly magazine to have
doubled circulation since l945,
Said MIR. Sweet.