Evening star., 1950-07-05
All American Airways
Backs Stock k-Buying
Plan for Employees
By Nelson M. Shepard

syt 0y tNStSUH m. SUSpuIu
All American Airways, Inc, with
headquarters at the Washington
National Airport, today announced
approval of new stock-purchase
plan for employees.
The plan was initiated by the
Triple A Club" a social-welfare
organization of the employees, in
cooperation with the company
and will be operated voluntarily
upon membership basis. Davis
Crickenberger. president of the
club, said the move was taken
because of a desire indicated by
AAA workers for a way in which
to inaugurate a stock-sharing
plan.
This service by an employees
club is believed the only one
among the airlines. Employees of
other lines have made inquiries
about the plan, indicating that
the idea may catch on in a ma
tional way.
The triple A Club" has made
arrangements to buy All American
common stock in lots of 100 shares
and apportion the cost to each
share. thus making a savings on
price and brokerage fees. The
stock now is selling for SITS to So
per share. 1t may be purchased
on the payroll deduction plan OF
for cash, Mr.. Crickenberger said
A down payment of one-fourth OF
the cost must accompany the
order.
J. KILLER, jr., treasurer of the
club, will handle the stock for
employees.
t Advertising Man Promoted.
Il The appointment of Bert M.
Sarazan as vice president of Rob-
ert j. Enders Advertising, Inc,
of 1415 K street NV, was an
nounced today by Mr.. Enders,
president of the agency.
Mr.. Sarazan, he said, would as
sumo direction of publicity and
sales promotion programs. con-
centrating his initial efforts in
developing the company's nation
ally syndicated television pro-
grams. These have been tele-
vised for more than a year by
such stores as the Hecht Co. of
Washington, the Hub and Hecht
Bros. of Baltimore. N. Snellen-
burg g. Co. of Philadelphia and
the R. H. White Co. of Boston.
Mr.. Sarazan recently completed
q years assignment with the
Hecht stores in Baltimore. Pre-
viously, he was publicity director
Of the Hecht Co. in Washington
for 10 years. He has written ex-
tensively on advertising and pub
licity.
New Firm Organized.
Daily advance information on
when and where bids for Govern
ment contracts will be accepted is
now available through the forma-
ton of a new Washington service
organization, designed to give
small business concerns an "even
break" in competing for Govern
ment business. The firm is known
as United States Bid Information,
with initial headquarters at 1908
r street NV.
Frederick Hollowell, a former
newspaperman and Government
official, is president and general
manager of United States Bid In
formation. A former foreign cor
respondent for the New York
Herald Tribune and the AS
Sociated Press, Mr.. Hollowell was
assistant director of information
for the Interior Department for
some years. More recently he was
consultant on public relations for
the National Security Resources
Board.
Seminar at U. of Chicago.
Wartime business contracts will
be an added topic at the third an
nual session of the Management
Seminar for Smaller Business at
the University of Chicago, July
24-28. One Of the two military
authorities on Federal procure
ment contracts invited to address
the seminar is Comdr. P. F. ASHER
Of Washington, chief of the small
business Office of the Munitions
Board. The other speaker will be
Capt. G. E. McElroy, small busi-
ness liaison officer of the Army's
chemical procurement Office in
Chicago.
Complete details of the business
and entertainment program of the
1850 convention of the American
Bankers Association will reach
ABA members shortly.
The Washington delegation is
expected to be unusually large this
year. Additional hotel application
blanks may be obtained upon ap-
plication to Miss Sylvia Peltonen.
secretary of the ABA Convention
Hotel Committee, 500 Park avenue
New York %, N. Y. The conven-
tion date is September 24-27 and
the meeting will be at the Wal.
dorf-Astoria Hotel. Sessions of
the savings and mortgage division
will be held at the Statler Hotel.
Chicago Livestock
CHICAGO. July 5 GP, usDA).-sa1-
able hogs, 5000; fairly active and IN
evenly 50-75 higher on most butchers.
late and closing trade SIou uith 49,, -