Evening star., 1949-09-18

f chairman OF tn
G vern n
il Board of tn
S> W hin G tol
Bernard j. Nees' Stock Exchang
and served as president of tn
Exchange last year.
Mr.. Nees has been associate,
with Johnston Lemon & Co. TO
the past 20 years. He has spe
cialized in the study of invest
ment companies and .Mutua
funds. His firm is one of tn,
authorized distributors of tn
shares of leading Mutual funds.
Active in civic as well as bust
ness affairs in Washington, MI
Nees has been one of the mos
progressive members of the Wash
ington Stock Exchange. Durin,
his presidency, the Exchang
widened its field and extended it
hours of BUSINESS in the afternoon
Wins Advertising Honors.
National recognition in news
paper advertising service has beer
accorded Henry J. Kaufman &
Associates of 1419 H street NV
Its campaign prepared for Ian
Bros. Inc. Baltimore manufac
turer of "Gleneagles" topcoats
raincoats and slacks was one O
the so outstanding campaigns in
cluded in the 11th annual Blu,
Book Of Newspaper Advertising,
published by the Bureau of Ad
vertising American Newspape
Publishers Association.
The so best campaigns repre-
sent the work of 40 different agen
cies and include is classification
of national advertising. The,
were selected from hundreds O
newspaper campaigns on the basi
of results obtained by advertisers
and on the practical Ingredient
of their success.
Unique in it's market-by-m
ket approach, the "Gleneagles
campaign conducted through
kaufman & Associates, used Sun
day magazine sections of l!
newspapers in as many cities, fea
turing different products on tn,
basis of their regional seasonal an
peal.
Marsh Agency Leads.
I'D. Marsh & Associates, Wash.
ington agency Of the Lincoln Ma.
tional Life Insurance Company
led all agencies of the company ii
total paid production for August
National recognition for theil
personal records. was won by foul
members Of the Washington agen.
cy. T. E. Spencer. r. w. Klise
c. c. Mason and Col. D. I. Moler
Mr.. Spencer ranked fifth anon,
all agents OF the Lincoln company
Mr. klise and Mr.. Mason tied fol
sixth place in production and Col
Moler ranked tenth.
VEPCO Revenues Gain.
Operating revenues of Virgins
Electric & Power Company wer,
Is per cent greater in August thar
IN the like month a year ago. tn,
Richmond utility reported yester.
day.
President J. c. Holtzclaw sal,
the company spent $2,776, 900 TO
new construction during August
This brings Vepco's total expen.
ditures since January l to NOR,
than 22,300.000 of it's 1949 ex.
pansion program which will in.
volve an outlay of $35,000,ooo.
The Glenn L. Martin Com.
pany's Board yesterday an.
nounced the election of three new
directors, including Harvey j
Gunderson, who is a director ol
the Reconstruction Finance Cor.
poration in Washington.
The other two directors are
Chester F.. Hockey, president Of
the Dawson Chemical Co. of Bal
tmore. and Daniel A. Evatt, vice
president in charge of finance TO,
the Martin Company.
New Airline Thrives.
President Robert M. Love of AL
American Airlines, Inc, in his an.
nual report to stockholders, Just
made public, hailed the company.
successful achievement of it.
primary aim" in establishing 8
passenger carrying airline early
this year.
The Civil Aeronautics Boarc
gave the project the "go signal
in January. Company headquar.
ters have been set up at Washing.
ton National Airport. he reported
and assets have gone into the ere.
alton of a fleet of II modified
DC-3 airplanes of the latest type
The total volume of busines.
performed during the fiscal yea
ended June 80, amounted to an.
proximately $1,430, 900 VS.. $1,478,.
600 for 1948. Expenditures fo]
aircraft and related equipment
upon completion of the DC-3 pro
gram. will amount to 81, 900 900.
Heads Chemical Company.
Joseph A. Howell, executive vic
president of the Virginia Carolin,
Chemical Corp. since 1914 wa
elected president of the 54-year
old concern at a special meetin,
of the corporations board of direc
tors in Washington on Friday. H
succeeds A. Lynn Ivey, who die,
August 18.
f. A native Of Alabama, Mr.. Howell
is a member of the board of tn,
American Plant Food Council O
Washington and was electe,
chairman Of Its executive commit
tee last June. He has been will
Virginia Carolina Chemical sine,