Evening star., 1952-11-06

from $13,713.-
921 on the same Mr.. MeAleer
1851 date was the largest annual
gain in the 73-year-ol associa-
tion's history. Assets on October
81, 1947, amounted to $11 .425, ,033.
Outstanding loans on october
81 aggregated $14.387,113, COM
pared with $12,644.746 year
earlier and $9,565.795 five years
earlier.
Share accounts amounted to
$14,082,5lO VS.. $12.362.198 a year
earlier and $10,332, $50 on Octo-
ber 81. 1947.
Stockholders reelected three di-
rectors, whose terms expired:
Fontaine c Bradley, Otis H. Rite
nour and MIR McAleer. An Or
ganizationa board meeting for
the election of officers will be held
Monday afternoon.
The association was organized
In 1879. Mr.. McAleer has been
with the association 81 years and
has served as president since 1850
when he succeeded Walter S.
Pratt, jr. Another veteran Is
Secretary Walter r. johnson, who
has been with the association "a
years.
d, C. Exchange More Active.
Dealings on the Washington
Stock Exchange picked up in Oc-
tober but remained behind year
ago. exchange officials reported
today. Price changes were mixed
with declines in the majority.
The months volume of 24,067
shares compared with 14,830 in
the previous month and 28,262 in
October, 1851. Sales in 10
months this year aggregated
203.569 shares VS.. 233,300 a year
earlier. ..
Potomac Electric Power COM
mon led in activity with a turn
over of 14,538 shares and was fol-
lowed by Washington Gas COM
mon, 2,846 shares: National Bank
of Washington, 1850 shares; Vir-
ginia Electric b Power common,
o91.
Cautious Optimism Shown.
Results of the election provide
only a limited clue to the business
picture for 1858. for certainly little
or no positive action is likely to
be taken until several months of
the new year. declares a special
election report from Bache & Co,
Generally" the report stated
sit is felt that business will re-
main at a high level until at least
mid-year, but after the beginning
of the Federal 1953-54 fiscal year,
several factors may induce a re-
adjustment in the economy. Mil
itary expenditures are expected to
level of and industrial expansion
will likely be at a slower rate. "
Leon B. Brubaker is resident man
ager here.
A review from Francis I. du
Pont & Co. says the election of
Gen. Eisenhower opens new
chapter in American history and
comments that this may have a
marked effect on stock buyers
philosophy. Investors may regain
confidence in the long range po-
tentialities for our economy, and
reappraise earnings, dividends
and books, values on more lib
eral terms, the review declares.
Foreign Guests Here.
Two prominent officials of the
International Union of Building
Societies from Austria will be
guests of honor tomorrow at a
Mayf1ower Hotel luncheon ten
dered by the District Building and
Loan League.
The men, Wilhelm FlatZ of Salz-
burg and Herman Schuon Of Lud-
wigsberg, are in the Capital for a
conference with Government
agencies.
They will be introduced at the
luncheon by Edward C. BaltZ,
president of the Perpetual Build
ing Association and a vice presi-
dent of the International Society.
Heads Public Relations.
Clarendon Trust Co. of Airing
ton has appointed Miss Margaret
M. Troxell director of public rela-
tions and advertising, it was an
nounced by Thomas E. Sebrell III,
secretary-treasurer.
Mr.. Sebrell said the company
becomes the first bank in north
ern Virginia to create such a posi-
ton, the need for which has been
growing for some time.
Miss Troxell has been in news
paper work in Arlington for &c
years and is news editor of the
Arlington Journal and the Alex
andria Journal. She was news
editor of the weekly Arlington
Sun for is years prior to its con-
solidation with the Arlington
Daily 18 months ago.
Remington Arms Dividend.
Remington Arms Co., Inc.
which has many stockholders
here. has declared a year-ene
dividend of 40 cents share, pay.
able December Is to holders O.
record November 20. This raises
total payments for the year to 81
cents VS.. IS cents in 1851 and il
the largest amount since th'
company became a dupont sub.
sidiary.
Porter Blackard of Roanoke
Va, has been named city pas
senger agent for the Norfolk &
Western Railway here effectiv,
November 10. He succeeds the lat,
Pat Shank. j. B. Ragland. jr., il
general agent for the N0sW here.
Market AVERAGES