Evening star. [volume] (Washington, D.C.) 1854-1972, 1953-03-17

cago. He is a member of the
Executive Committee of the
Washington Board of Trade and
a member of the boards of the
Sales Executive Club of Wash
ington and the Mount Vernon
Lions Club.
Mr.. Mayer also is active in
civic affairs and is presently
serving on the Executive Com
mittees of the Presidential Cup
Regatta and the Cherry Blossom
Festival. He is a Knight of
Columbus and a member of the
Alcantara Caravan, order of
Alhambra.
Vepco to Spend $40 Million
Virginia Electric & Power Co.
expects to spend around $40 mil
lion for new construction in 1858,
compared with about $48 million
in 1852, the annual report dis
closed today.
The company has sold $40
million of 25-year 3l2 per cent
sinking fund debentures to a
group of institutional investors
to finance the 1853 construction
in part.
The report, signed by Board
Chairman D. G. Barnes and
President j. G. Holtzclaw, was
mailed to stockholders in prep
aration for the annual meeting
Apri! IS.
AS previously reported, net in
come for 1852 rose to $11, 731, 900
or STA a share on stock out
standing at the end Of the year.
This compared with 10.328, 900
or $1.65 for 1851.
The company. which serves
the nearby Northern Virginia
suburbs. had 1858 holders resid-
ing in Washington at the years
end. They owned 284,O87 shares
Of common and preferred stocks.
Southern Oxygen Dividend.
Directors of the Southern Oxy-
gen Co. have declared a regular
dividend of Is cents a share,
payable March. 81 to holders of
record March 81, Secretary w.
N. HowiSon reported.
Net results of Capital Airlines
in January showed atsubstantial
improvement from year earlier.
There was a deficit of only $780,
713, compared with a net loss
of $458,686 in January, 1852.
January operating revenues were
% per cent above a year earlier.
Promoted by Peoples Life.
William T. Leith has been
elected vice president and gen.
eral counsel Of the Peoples Life
Insurance Co. of Washington,
the company announced today.
He has been vice president and
associate general counsel.
Abner B. Cohen is president
of a new advertising firm, Abner
B. Cohen Advertising, Inc, with
Offices at 1920 K street NV. Mr..
Cohen is a veteran of the adj
vertising field.
Operations Director Named.
Lefferts A. McClelland has
been named director of opera
tionS for Stations WRC and
WNBW, General Manager Carle-
ton D. Smith announced. Mr..
McClelland has been with the
NBC Washington stations since
1941.
John COLON has been
named technical director to sue
coed Mr.. McClelland. Mr.. Nc
COLON Joined the engineering
department in 1943.
Jack Neff, formerly with Sta
ton WMAL, has been named to
the radio sales staff. effective
March 80, and William c. Gray
son. formerly in another capacity
at WNBW. has been named to
the television sales staff.
Heads Acacia Committee.
Vernon r. Zimmerman, man
ager of the Northern Virginia
branch of Acacia Mutual Life
Insurance Co., has been elected
chairman Of the company's Field
Advisory Committee. He is serv-
ing. his third consecutive term
as a member Of the committee.
Anheuser-Busch Of st. Louis
has appointed Fred j. Hughes,
jr.. manager Of its Washington
branch. He is a native of Wash
ington, a graduate of the Uni
versity Of Maryland and q
veteran Of World War II.
Lennox Furnace Co. has
named Benson B. Tawney field
representative in Maryland and
Northern Virginia. He IS q resi-
dent Of Baltimore.