Evening star., 1951-03-07

tlred. wee AQ- ~ 8$
miral Clark H.
Woodward, re- "' ~
tired; Maj Gen. James A. Ulio,
retired; Brig. Gen. Merritt B.
Curtis, U. S. M. c., retired; Col.
F. Granville Munson. retired, and
Thomas F. Bourke, executive vice
president.
Steuart A. Reiss was reelected
chairman of the board of directors
of the Coastal Corp. airline sup
pliers. at the annual stockholders
meeting yesterday morning. Other
members of the board were an
nounced as follows: S. w. Coug-
Ian. vice president of Coastal;
Lisle T. Lipscomb, William r.
Boyer, : Andrew A. Lipscomb.
Marsh S. Marshall and Stanley
J. Bak, secretary of Coastal.
At the annual meeting of the
Coastal Board which followed, Mr..
Steuart was reelected president.
Other officers are Mr. Couglan.
vice president; Nelson H. Smith,
treasurer, and Mr.. Bak. secretary.
boswell Named to Post.
Menard boswell. Sd. is the new
manager of the Arlington Office
of Frank S. Phillips, Washington
realtor. For the last 18 months he
had been a member of J. D. Marsh
& Associates.
Orville Crouch has been made
a member of the Advisory Com
mittee of the District Savings
Bond Division and will help the
sale of Savings Bonds in the the
aters. He succeeded the late Car
ter T. Barron as Eastern division
manager of Loew's.
An encouraging report on the
automobile industry was given in
a talk before the Advertising Club
of Washington at the Statler
Hotel yesterday by Waiter A. Will
liams, vice president of sales and
advertising for the Ford Motor Co.
He said it is unlikely that civilian
auto ana truck production will be
cut off entirely again even under
the most serious emergency con-
ditionS.
Defense Contracts Awarded.
Upward of $108 million in de-
fense contracts have been awarded
to companies in the Fifth Federal
Reserve District since mid-Sum-
mer, it was announced today.
Contracts included in the survey
Of the Richmond Reserve Banks
monthly review included contracts
in excess of $4,000 not on the
secret list.
The figures indicated that tex
tiles received the lions share-36
per cent with electrical equipment
-13 per cent-a runner-up. The
latter figure was somewhat sur
prising since the electrical indus
try employs only about / per cent
of the industrial workers in the
District. Richmond officials said
the figures for the Fifth District
are probably considerably under
stated pointing to the practice of
the Commerce Department in
identifying companies by head
quarter Offices rather than by
operating plants In Maryland,
particularly, many large firms
have their head Offices elsewhere.
The three-day fifth annual
Farm Credit Conference of the
Virginia Bankers Associated ended
at Natural Bridge. Va, today with
discussion of pasture and llve-
stock programs. Leading the dis
cussion were Agronomist R. E
Blaser and Animal Husbandman
George C. Herring, both of Vir-
ginia Tech.
215 Delegates Attend.
The 215 delegates, were told al
their annual banquet last night
that Secretary of the Treasury
Snyder may have to resort tc
licensing powers in an effort to
stabilize the economy. Edward
A. Wayne, vice president of the
Federal Reserve Bank of Rich
mond, said banks under the Fed
eral Reserve and banking system
are empowered to make loans anc
should police them carefully ir
an attempt to hold imitation tt
minimum
From Norfolk, Va, it was re-
ported today that six member:
of the board of the Atlantic
Danville Railway have acquired
SIS per cent of the common stocl
to bring control of the railroat
into American hands. The 1914;
shares we're transferred to thu
buyers by the former British own.
ers. There will be no effect or
management. which began inde.
pendent operations August
1949. The company's holding!
had been leased for SO years priol
to that time to the Southern
Railroad.
The purchasers of the railroad
stock were Henry Clay Hofheime
I'd of Norfolk; A. B. Darlington
jr, and J.. R. Watt of Danville
r. w. Jordon of Emporia, C. w
PEBBLES of LawrencevRle and F
w. Watkins of South Hill.