Evening star., 1952-01-03

X dllr q IN
New York to-
day.
Addre ssing mr. ne'An'
the New York State Chamber OF
Commerce, Mr.. Bevan said that
if the Interstate Commerce Com
mission had allowed. railroads
adequate rates in these busy years
to earn a minimum Of 6 per cent
return which Federal and State
commissions allow the telephone
and electric utility industries. the
net income of the roads would
have been increased from $3.50
million to more than 81 billion.
For the Pennsylvania Railroad
alone this would have meant an
increase from $38 million to more
than 500 Million" he said.
II find among our executives a
determination and conviction that
we can restore our earnings to a
proper level, if given reasonable
conditions" he declared.
December Stock Sales Lag.
Dealings on the Washington
Stock Exchange in December to-
tailed 22,380 shares VS.. 29,398 in
the previous month and 30,249 in
December, 1850, exchange officials
reported today.
However, volume for the full
year reached 295,O78 shares VS..
2s0,369 in 1850. December bond
dealings totaled $4,000 VS.. So, 900 a
year ago and the years bond sales
came to $271 900 VS.. 1901, 900.
Potomac Electric Power Co.
common was leader in December,
with sales of 1924 shares. 1t
closed the month at Is, unchanged
from a month earlier.
Other volumes, closing prices
and changes included Washington
gas common, 1875 shares, 25R,
down 70: Goldenberg common,
1,7O0 shares, 37s, unlisted month
earlier; Virginia Electric common,
1875 shares, 2134, down ss;
Southern Co. common, LOTS
shares, 1924, up "a; Capital
Transit, TIC shares, 1874. up l5s;
Garf1nckel common, $40 shares
10, down ~: Mergenthaler, 555
shares, 33A. up ia.
Tom Bell Promoted.
Appointment of Tom Bell as as
siStant to the Trans World Air
lines vice president Of public re-
lations was announced today.
Mr.. Bell, who joined the airline
in 1914, has served as public rela-
tions manager for TWO in Wash
ington for six years. He will re-
main in Washington in his new
position.
George L. Haithcock, member of
the TWA public relations staff
here for the past year and half,
has been named TWA acting pub
lie relations manager here.
National Airlines Gains.
National Airlines reported No.
vember net income of $125, 200,
after taxes, a gain of 1888 per
cent over the same month last
year, in spite of an increase OF
62.36 per cent in income taxes and
a decrease Of 65.57 per cent in
mail pay. according to ]. C.
Brawner, treasurer.
Depreciation charges for No
vember amounted to $126.209.97
and accrued for income taxes was
$137,044.55. Nationals mail pay
ments of $52,147.18 reflect the
non-subsidized service rate that
the airline has operated under
since July. 1851.
Operating revenues reached $2,.
262.456.31, a gain of 43.11 per cent
from a year earlier.
Baltimore Banks to Merge.
The Calvert Bank and Fidelity
Trust Cc.-two Of Baltimore's old.
est banking firms-will be merged
when stockholders approve tn,
move.
Directors of the two firms an.
nounced yesterday the mergel
plan will be taken up at meet
ing January 20. It is planned
to operate them under the nam
Of Fidelity Trust Co. Total com
bined capital and surplus is 81.
million, the board said, and de
positS exceed 500 million.
John ]. Jenkins. treasurer o
the Baltimore g. Ohio Railroad
will retire on January is, it wa
announced today by r. L. Snod
grass. vice president-finance. Mi
jenkins will be succeeded by R. f
Bixler, who has been assistan
treasurer for the B. & o. in Ne,
York City. --,--.-.- .---
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