Evening star., 1951-06-03

sociation has had a very busy year.
The continuing battle to curb
Imitation, prospects for an increaS-
ling manpower shortage and many
other problems related to econom-
lie conditions will attract unusual
attention to Mr.. Bisselle's report.
Secretary of the Army Pace also
will speak at the Thursday morn
ing session, and Samuel c. Red
man, jr., assistant vice president
of the Lincoln National Bank, will
review activities of the fiftieth
year of Washington Chapter,
American Institute of Banking.
Mr.. Redman has been chapter
president for the year.
Oliver S. Powell, member of the
board Of governors. Federal Re-
serve System, and Constantine
Brown, Evening Star columnist,
will speak Friday morning.
Senator Dirksen, Republican, Of
Illinois, will address the Saturday
morning session. After reports Of
the resolutions and nominating
committees, the annual election
and installation Of officers viii
take place.
The bankers and their guests
will leave Washington at 5 pm.
daylight saving time, Wednesday.
Around $50 are expected to attend
the convention.
Orders, Collections Lag.
Washington department stores
slowed their buying of additional
merchandise in April with inven-
tories at record levels, the Federal
Reserve Bank of Richmond dis
closed yesterday.
While stocks on April 80 were
la per cent above year earlier.
outstanding untitled orders for
merchandise dropped 3 per cent
behind the same 1850 date.
Collections on open accounts in
April amounted to a per cent Of
April receivables. compared with
48 per cent in April, 1850. How
ever, collections on installment ac-
counts in the month were 18 per
cent of April l receivables, same
figure as a year earlier.
The stores sales in the week
ended May Is were 5 per cent
above the previous week and 4
lper cent above the like 1850 week.
while sales in four weeks ended
May Is were 2 per cent above a
year earlier, the bank also re-
ported.
Phone Net.Far Above 1859.
Net income Of Chesapeake &
Potomac Telephone Co. in April
|totaled $548, ,592, compared with
$562,215 in the previous month.
but was well ahead Of $501 ,284 in
April. 1850. the company reported
today. Net income for four
months Of this year was boosted
to $2,147.997 in contrast to ST.
O64 ,O1O O yCdA Co14AC4.
April revenues of $3,828, 400
compared with $3,901, POI in the
previous month and $3,207,211 in
April. 1850. Operating expenses
Itotaled $2,598,218 and operating
taxes S678.225 VS.. $2.249, 1893 and
$459 1886 in April, 1850.
Four months revenues were
$15,061, ,126 VS.. $12,282 POT a year
earlier, while expenses totaled
$10,184,581 VS.. $9,24S,054 and op-
Grating taxes $2,667,785 VS.. ST.
516,113.
The company also reported
sol, ,551 telephones in service on
April 80 VS.. 472 ,236 a year earlier.
Promoted BY Hecht Co.
Earl w. Dorfman has been ap-
pointed director of merchandise
presentation for Hecht Co. stores
in Washington. Silver Spring and
Arlington. it was announced by
Charles B. Dulcan, sr., executive
vice president and general man
ager.
Mr.. Dorfman will coordinate
window and interior display at the
three stores. He formerly was
display director for the Washing
ton store. Sydney Haken was
named display manager and Les
ter Melnicove assistant display
manager for the Washington
store.
Roy Thompson. formerly display
for the Silver Spring
store. was appointed display man
ager of the new Arlington store.
He was succeeded at Silver Spring
by Leon Boniface.
Women's Status Improving.
With around 1875 million women
in the Nations working force to-
day. their status is improving
steadily. but there is room for
further progress, declared Miss
Adefia B. Kloak, chief of the spe-
;ial services and publications di-
vision of the Labor Department,
last night.
Addressing the Capital Group,
Association of Bank Women, at
,he Mayfiower last night, Miss
xloak said many women still re-
,eive less pay than men in identi-
,al jobs. Workers should be paid
according to the job they do, she
declared. Miss Charlotte A. Engel,
rust officer. National Savings &
Trust Co.. and group chairman,
presided at the dinner.
The Association of Bank Women
1t New York yesterday announced
,he addition to membership Of
i've women holding executive posi-
ions in banks of this area. They
include: Miss Dorothy w. Kneessi,
Riggs National Bank; Mrs. Avlyn-
ne c. Helm, and Mrs. Helen r.
Sherline. National Savings d
Trust Co.; Mrs. Mildred P. Chill
,ott. and Miss Eleanor H. Wat
lins, First National Bank of Alex
lndria.
CLU Chief to Speak
Howard H. Gamma
American Society
Life Underwriters,
the District Life