Evening star., 1950-11-17

Glrement plan and made Mr.. Shaw
the first beneficiary beginning
January l, but granted him 6
leave Of absence effective Decem.
ber l. A testimonial dinner will.
be given to Mr.. Shaw on Wednes-
day, November 90.
Mr.. Shaw is the dean of Wash
tngton trade association execu-
tives, having served longer than
any present or previous secretary
He came to Washington from
Philadelphia in 1918 as the first
Scout executive of the District
Boy Scout Council and in 1926
became secretary of the NINA.
The association has grown un-
der his direction from a small
group of downtown merchants to
federation of some 80 different
trade groups.
Mr.. Pritchard has been assistant
secretary of the association for
several months. He was formerly
with national trade association,
Is a graduate of George Washing
ton University Law School and a
member of the District Bar. Eliza
beth Ise, who has been assistant
secretary, will continue as direc-
tor Of information and research.
Accountants to Hear Experts.
The mid-Atlantic regional cost
conference of the National AS
sociation of Cost Accountants will
hold. its final technical session
tomorrow on accounting problems
of defense contracts and profits
renegotiation.
Brig. Gen. Robert w. Brown,
assistant judge advocate general
for procurement of the Army,
will speak on new provisions of
defense contracts, and Earl r.
Ulig, controller of the Glenn L.
Martin Co.. will present the in
dustry point of view.
Frank L. Roberts, chairman of
the Military Renegotiation Policy
and Review Board, Office of the
Secretary of Defense, will speak
on renegoUiation of profits on de-
tense business, and Leslie Mills,
partner in O. F. Taylor & Co..
New York, will take the industry
point of view.
c. Howard Knapp, past national
president of the association, and
now deputy controller for the
Army. will be moderator. Rusco
H. Crowell, past president cf
Washington chapter. will be tech
nical chairman.
Cold Boosts Gas Sales.
Chilly weather increased sales
Of Washington Gas Light Co. to
1859, ,484 therms in October from
8,710,481 in the preceding month.
the company reported today. The
latest total was 22.4 per cent
above 9,556.089 in October, 1949.
Sales in 10 months of 1850 rose
to 149,058.063 therms, a gain of
21.1 per cent from 1913, ,049 1863 a
year earlier.
Potomac Electric Power Co.
directors have declared a dividend
OF 2212 cents a common share.
payable December 27 to holders
OF record December S and a divi-
dend OF As cents on $50 per cent
preferred stock, payable January
l, 1851, to holders of record De-
cember 5.
Peoples Drug Store directors to-
day declared the regular quarterly
dividend of so cents a common
share, payable December 27 to
holders of record December 8.
Because of the approaching
convention of the United States
Savings and Loan League, which
opens here November 27. the Dis
trict Building and Loan League
will combine its monthly meeting
with a meeting of the executive
council at 1890 pm. next Tues
day at the Mayf1ower.
Bank Loans Expand.
Sparked by increases in busi-
ness and consumer credit, out
standing loans of II reserve men,
Der banks here rose to 1922 ,584.-
600 on November 8, a gain OF
$2,390,000 from a week earlier and
$54, LAS 900 above a year earlier
the Federal Reserve Bank OF
Richmond reported today.
Business loans totaled s123.-
847,000, gain of $1,061 900 for
the week. while other loans
mostly consumer credit, reached
$69,008,000. up $1,381 900.
Real estate loans totaled $685.
$4,000, drop of $298,00O from
a week earlier, but remained $14,-
$4,000 above year earlier.
Demand deposits climbed S.
805,000 in the week to 1919, ,393,-
600. Assets rose $4,669,o00 to
$1.o68, ,945,oOO.
Named to Defense Post.
j. Gordon Ridsdale, formerly
Of Washington. has been named
manager of defense production
for the American District Steam
Co. of North Tonawanda, N. Y.
and will spend much of his time
In the National Capital.
William H. Smith of Riggs Ma
tional Bank addressed the Mont
gomery County Bankers Associa.
ton at Damascus last night He
exhibited historical documents
from the bank, including the sig.
nature of Sam Houston of Texas
fame.
Charles Connolly, president Of
Capital Reserve Corp. addressed
students at the School of Foreign
Service. Georgetown University
this morning. His company is
sponsor of the Potomac Plan.
John j.. English of the Wash
ington agency of the Mutual
Benefit Life Insurance Co. has
attended company conferences al
Baltimore this week. He was one
of 10 men from across the Nation
qualified to attend the meetings