Evening star., 1950-09-01

Colum ist and
radio commen- r. H. PETERSON
tator.
The real sessions of the conven
ton will open on Monday, Sep
tember 25 after Sunday meeting
of commission. committees ant
councils. Monday will see ses
sions of the State, National, Saw
inqs and Trust Divisions.
The address of M. S. SzymczaK
Governor of the Federal Reserve
System. will take place Monday
his subject being 'The Effect Of
Federal Reserve Policies on In
vestmen of Savings Funds" Pres
ton Delano, controller of the Cur
rency, will speak Monday after
moo. Other Government officials
are also to be heard.
The Entertainment Committee
has provided television, radio and
fashion shows, women's lunch
cons, tours of the city and great
many other attractions for all
delegates.
MergenthaIer Votes Extra.
Directors of the Mergenthaler
Linotype Co.. meeting yesterday
declared the regular quarterly pay
ment of rs cents per share and
added an extra dividend of So a
share, it was announced today
This makes IS for the fiscal year
The dividends are payable Sep
tember 20 to stock of record Sep
tember Is.
A year ago the board voted a
So extra, making $6 paid for the
year. Mergenthaler stock, listed
on the Washington Exchange,
gained over 2 points last week,
closing at Sc. The stock has been
down to At this year and as high
as SO.
The stock has always been very
widely held In Washington. Will
liam j. Flather, jr., is chairman OF
the board.
NJ. and Nj. Names Official.
The Merchants and Manufac-
turers' Association today an
nounced the appointment, now
effective, of Edgar A. Pritchard
as assistant secretary to succeed
Ray E. Hegel.
Mr.. Pritchard is graduate OF
George Washington University
and member of the District of
Columbia Bar. He was formerly
assistant manager of the WASH
ington Office of the National Lead
Co. and previously on the staff of
the Anthracite Institute, Secre-
tary Edward D. Shaw an
nounced.
Theater Dividend Voted.
Directors of District Theaters
Corp. of Washington have de-
clared the regular quarterly divi-
dend of 1912 cents per share. pay
able October 2 to stock of record
September Is.
The Washington Stock Ex-
change will be closed Monday,
Labor Day, along with the big
Board in New York. The New
York Cotton Exchange will re-
main open on Saturdays until
1890 during the remaining day.
light time, September 9, 16 and
%.
Gas Firms Adjust Finances.
The Rosslyn Gas Co. has been
authorized by the Virginia State
Corporation Commission to issue
$4,000 shares of $40 par value to
the Washington Gas Light Co.,
the parent company. This is a
repayment to the parent concern
of funds borrowed for construc-
ton expenses.
A similar plan is to be carried
out with the Washington Gas
Light Co., of Maryland. No pub
lie stock offering is involved
merely an inter-company trans
action.
Hines to Manage Office.
Andy S. Hines, ST., has been
appointed manager of the newly
opened factory branch sales Of
flee of Thor Corp. at 2801 Eighth
street NE. He formerly was
Washington sales manager o1
Mid-Atlantic Appliances, Inc.
and during the war served with
OPA.
Mr. Hines, rationing officers fol
the District from 1912 to 1914
when he was appointed branch
chief for mileage conservation fol
the entire Nation. Howard l.
Waller has been named assistant
branch manager here for Thor
maker of home laundry appli.
anceS.
Victor Sadd will address thu
District Life Underwriters AS.
Sociation at the Commerce De.
partment next Friday afternoon
on the new social security legisla.
tiOn.