Evening star., 1950-06-16

urer: Shorey Allen, vice president
and general manager; Luther c
Bierach, vice president and sales
manager; Ralph E. Murphy, con-
troller; Margaret T. Johnson, Sec
retary, and Stewart r. Carter, jr.
counsel. George Dunn and Philip
c. Tenant, jr., are members OF
the board.
National H0nOrs Awarded.
One of the features of the June
luncheon of the District Life
Underwriters Association was the
presenting Of national quality
awards to IS members for excel
lence in underwriting. The honor
has been won for six years by
G. A. Hates, Charles r. Leef,
Frank s. Resh and Samuel j.
Sugar.
William H. Fogerty. jr.. of the
Edward II. Won Deck Agency was
honored today by the National
Life Insurance Co. of Vermont as
one of the two outstanding under
writer's in the country. He has
been in the insurance business
only two years and was formerly
with Capital AirlineS.
Motor Freight Increases.
American Trucking Associa-
tions, Inc, reported here today
that the volume of freight trans
ported by motor carriers in April
increased 18 per cent over the
same month last year.
w. M. Early, jr., of the Ma
tional Bank of Orange has as
Sumed his duties as second vice
president Of the Virginia Bankers
Association.
Kenneth G. Clarke, c. D. Har-
rison, j. E. Hickman, C. w. ODon-
nell, j. P. O'Donovan and w. J.
Vaught of the Guardian Life
Insurance Co., will attend the
Leaders Club convention in New
York next week.
Pepco Stock Very Active.
Potomac Electric Power common
was especially active on the
Washington Stock Exchange yes
terday, hundreds of shares chang
ing hands at 15A. There was one
sale at 1873.
Columbia Title Insurance ap-
peared on the board at 14A, up V.
Georgetown Gas SIS sold at 1870.
unchanged. Capital Transit As
came out at 981a. off fractionally
from the last previous sale. Peo-
piles Drug registered one of the
largest sales in weeks, 400 shares
at 35. .... .
New Plane Records Noted.
All categories Of traffic flown by
United Airlines showed marked
gains in May over May, 1949, and
April of this year.
Trans World Airlines set a new
record last Sunday for the num-
Der of passenger miles flown in a
single day. exceeding the July l..
1949, mark.
The American Savings and Loan
Institute will present 1872 diplomas
to graduates at the dinner meet
ing at the Shoreham tomorrow
evening.
Accountants to Meet.
Laurence o. Man1ey, immediate
past president of the District of
Columbia Institute of Certified
Public Accountants. will be a dis
cussion leader at the accounting
symposium to be held at the Uni.
versity Of Maryland on June 26.
~ and 28.
The symposium has been ar
ranged through the cooperation
of the American Institute of Ac-
countants, the District of Colum-
bia Institute of Certified Public
Accountants and the Maryland
Association of CPA's.
Heimann Issues Warning.
Although present indications
point to a continuance of good
business for the larger corpora
tions during the last half Of 1850,
increasing labor and operating ex-
penses may reduce profits for the
smaller companies. Henry H. Hell
mann, executive manager of the
National Association of Credit
Men, says in his Monthly Business
Review, released today.
Executives should realize that
while at present trade is good,
industry is still working off some
accumulated postwar demand for
goods and that a part of the ac-
tivity we are now enjoying is due
to Government expenditures, Mr..
Heimann warned.
After two World Wars there
is bound to be a readjustment," {"
Mr.. Heimann asserted.