Evening star., 1950-06-22
Capital Claim Men
Elect N. T.. Kershner
Association Chief
By Edword c. Stone

by Edworo y. Stone
Milton C. Kershner, Bethesda
representative of the Hartford Ac-
cident & Indemnity Co., has been
elected president of the Washing
ton Claim Mems Association for a
one-year term beginning July /.
The association, founded in
1928, is composed of representa-
tiyeS of insurance and utility COM
panies and governmental depart
ments handling claims in the
Washington area.
Other officers elected are: Jo-
seph A. Ellis, State Farm Mutual
Co., vice president; Paul Sale,
Hartford Accident & Indemnity
Co., secretary, and John Brenner
General Adjustment Co., treas
urer. Board members are Morgan
S. Gassman, Capital Transit Co.;
S. j. Tierney, of the Hartford
company, and Adam U. Payne
Farm Bureau Mutual Co.
Insurance Dividend Voted.
Directors of the National Union
Insurance Co. have declared a So
cent semi-annual dividend on the
SIS par value stock. payable JUNE
80 to stock of record June 20.
The American Security g. Trust
Co. will pay the quarterly divi-
dend of 25 cents a share on July
10 to stockholders of record June
80.
The So semi-annual dividend to
be paid on July 8 by the National
Bank of Washington will be The
last payment before the 10 for l
splitup.
Two new Offices for handling
transfers of American Telephone
81 Telegraph Co. stock are to be
opened in Chicago and San Fran
cisco. Directors are anxious to
speed up the service. The present
Offices are in New York and Bos-
ton.
Chapter Wins High Honors.
Washington Chapter, National
Association of Cost Accountants,
won seventh place in the Steven
son Trophy contest, it was an
nounced at the New York conven-
ton today. Los Angeles Chapter
won the award.
The capital chapter was in 87th
place two years ago and in 18th
last year, Howard Oberlander,
publicity chairman, said. He add
ed that the chapter was among
% presented with association ban
ners for accomplishments during
the past year. AS there are 103
groups, competition is keen.
Apartment Property Sold.
Ralph D. Quinter, president of
the Real Estate Mortgage & Guar
anty Corp, now in liquidation,
announced today that the COM
pany had sold the apartment
house at 4801 Conn. ave-, the
firms last big property.
More than 500 stockholders will
receive payment as the settle
ments are completed. The stock
has been selling over the counter
for many years. the latest bid be-
ing $40 a share. 1t is now to be
taken off the list, Mr.. Quinter
announced.
It is limited in the financial dis
trict that the stock is really worth
more than indicated in recent
quotations.
Parking Plans Progress.
Parking Services, Inc, 1419 I
street NV. reports that the site
is now being cleared at 1926 K
street for construction of the first
of a chain of parking garages. 1t
is expected the unit will be COM
pleted before the end of the year.
Arthur G. Dezendorf, president
and treasurer, says the Park-O-
Mat Car Positioner will be en-
ployed to speed up parking and
delivery of cars. Similar parking
facilities will be established in
Baltimore and Philadelphia later.
The company already has one
large parking garage here and
is negotiating for other lots and
garages, Mr.. Dezendorf said.
Honor for District Agency.
The Posner Agency of the Co.
1umbus Mutual Life Insurance
Co. will be honored at a banquet
next Tuesday at the Mayhower
when President Mitcheltree will
be the chief speaker. Only two
years old, the agency has made
fine production records. standing
second in the nation in May.
Norman H. Barnes, sales mana
ger of the Potomac Electric
Power Co.. is the new president of
the Sales Executive Club of Wash
ington; William Murray, first vice
president; c. H. Cooke, second
vice president; R. B. Emerson, jr.,
secretary, and Leroy j. Mas,
treasurer.