Evening star., 1952-01-23

$40 ,02N 10 1G0C1NS 4Ol baA OV@Vos
Stockholders reelected all di-
rectors and the board renamed all
officers. Robert p. Woodburn, was
promoted from assistant cashier
to assistant vice president and will
remain in charge Of the personal
loan department.
VepcO Earnings Decrease.
Virginia Electric Power Co. had
operating revenues Of $69, ,275, ,494
in 1851, compared with $62, ,462.-
SGT in 1850, but net earnings avail
able for common stock dropped
to SO, 1890 or $1.71 a share VS.,
$8,348, $40 or $1.91 on fewer shares
in the preceding year, the COM
pany reported today.
December operating revenues
totaled $6,211,770 VS.. 5,700,5l2
in December, 1850, and net earn
ings available for common stock
amounted to $649, ,424 VS.. $727, ,046
O year earlier.
The Federal Reserve Bank OF
Richmond had net earnings OF
S19,243,676 for 1851 VS.. $14,494.-
031 in the previous year, the an
nual report stated.
Extra Dividend Declared.
The Home Plate Glass Insurance
Co. of Washington has declared a
semi-annual dividend of 20 cents
a share and an extra of 10 cents
q share.
Stockholders elected the follow
ing trustees at the annual meet
ing: Frederick A. Allnutt, c. Mel
son Bean, Philip L. Gore, Charles
E. Hood, Albert w. Howard, Leon
ard Marbury, William H. Marbury,
H. Glenn Phelps and Douglas r.
Phillips. Mr.. Howard was re-
elected president, Mr.. Hood vice
president and William H. Mar
bury Secretary-treaSurer.
Dial ElkinS Of Bait, Bates d
Co. of Washington has been
named general chairman for the
annual convention of the Mail
Advertising Service Association
which will be held at the Shore
ham Hotel here October Al.
Agency Supervisor Named.
Robert Hart has been appointed
agency supervisor for the WASH
ington Office Of the Aetna Cas-
ualty g. Surety Co. =.
Mr.. Hart is a native Of Harris
burg, Pa. and a graduate OF
Gettysburg College. As q captain
in the Marine Corps he served in
the Pacific during World War II.
He completed the Aetna Home
Training Course in 1947 and
served as field representative in
Harrisburg and Wilkes-Barre be-
fore coming to Washington.
Lukens Given NASDA Post.
Charles p. Lukens, jr., partner
in Robinson and LukenS, Wash
ington investment house, has been
elected vice chairman of the COM
mittee for District II of the Ma
tional Association of Securities
Dealers.
Edward J. Armstrong Of Stein
Bros. and Boyce. Baltimore, will
serve as chairman this year. sue
ceeding G. Fenton Cramer, part
ner of Ferris & Co.. Washington.
The committee elected L. Victor
Seested Of Washington secretary.
Offering Well Received
An offering of $244,500 of secur-
ities of Coastal Finance Corp. to-
day was sold quickly, it was re-
ported by the underwriters. Rouse.
Brewer & Becker.
The offering included $780, 900
Of 6 per cent 10-year subordinated
debentures and stock under war
rants for $94, 500. The debentures
plus warrants were priced at IS
to yield about ga per cent to
maturity.
Promoted by Gunnison Homes.
Cecil B. Brewer, formerly OF
Washington, has been named gen.
eral sales manager of market de-
velopment and distribution for
Gunnison Homes. Inc. subsidiary
of United States Steel Corp.
The Washington Office of Cen
eral Electric Co. has moved from
the Shorehain Building to the new
wyatt Building, Fourteenth street
and New York avenue NV.