Evening star., 1953-04-22

D, C. = 53S,969 52S,6OS 367.7O5
Va Va Mst Mst isss6s iisss6 i4SsSS i4SsS5 $3.50 $3.50
New Gas Shares Approved.
The District Public Utilities
Commission today approved is
suance by the Washington Gas
Light Co. Of around IS 900 addi.
tional shares of common stock.
Expected to raise more than
$2.5 million of additional capital,
the new shares will be offered to
holders of record April q at
the rate of l new share for
each 10 held.
Purchase warrants will be is
sued to stockholders next
Wednesday, April 20, and will
expire in 16 days.
The company has negotiated
with an underwriting group
headed by Johnston, Lemon G
Co. Of Washington and First
Boston Corp. for the marketing
of unsubscribed shares.
Price of the new shares will
not be fixed until next Mon
day. but it is expected to be
around $50 share. The COM
pany also plans a bond offering
of around 81 million before mid
year. probably late in the Sec
end quarter.
Three Promoted by Southern.
The Southern Railway today
announced three promotions in
its freight traffic department
here.
Leo v. Crane. freight traffic
manager. was named general
freight traffic manager.
Carl B. Walker, assistant to
vice president. and Joseph Marks,
assistant freight traffic manager,
were both appointed freight
traffic managers.
A native of Cincinnati, Ohio,
Mr.. Crane Joined the Southern
as a clerk in 1905 and came to
Washington in 1922. He became
freight traffic manager in 1910.
Edward Wayne Is Advanced.
Edward A. Wayne, a vice presi-
dent of the Federal Reserve
Bank of Richmond since 1943.
has been elected first vice presi-
dent of the institution, it was
announced by President Hugh
Leach today.
Mr.. Wayne succeeds John S.
Walden, jr.. who will retire May
l after more than "a years Of
service with the bank.
General Counsel Aubrey N.
Heflin also was promoted to vice
president and general counsel
and Assistant Vice President
Upton S. Martin was elected vice
president.
DinwO0dey Reelected.
Stockholders Of the Bureau Of
National Affairs, Inc, have re-
elected Dean Dinwoodey Of
Chevy Chase, Md, president, and
10 others to the corporations
Board of Directors.
Lowell E. Olmstead, Regional
Sales Manager in New York City,
was elected to the board for the
first time.
The new board reelected Mr..
Dinwoodey, president; John D.
Stewart of Arlington, vice presi-
dent; Charles w. McCullum, sec.
retary, and Leslie l.. Drew, treas
urer.
M. & M. Names Division Head.
Hugo Worch, jr., co-owner Of
Hugo Worch, has been elected
chairman of the Musical Instru-
mentS Stores Division of the
Merchants and Manufacturers
Association.
He will represent his division
on the board of governors of the
association.
Mr.. Worch also is a member of
the Washington Board of Trade
and the National Association Of
Music Merchants.
Leaves GE Supply Co.
r. G. Davis has resigned from
the General Electric Supply Co.
staff here and has become fac
tory representative here for Du-
lane, Inc, it was announced by
A. L. Atkin, manager Of GE
Supply.
Mr.. Davis will cover Washing
ton, Virginia, Maryland and Del
aware for the River Grove. H.,
firm, which makes deep-fryers.
His appointment was effective
April 20.
Harry Kahn, jr., investment
counselor, will address the Ad-
vertising Club on Tuesday. April
%, at the Statler Hotel.
Epstein Agency MOveA
The Alvin Epstein Advertising
Agency has moved into its new
f1ve-story building at 1887 r
street NV, which it recently
purchased.
The interior Of the building
has been completely redecorated
and plans are progressing for re-
modelling Of the building front.