Evening star., 1951-04-16

price and not Mr. .heimann'
run the danger of inventory
losses may face unpleasant ex-
periences before the end of the
year.
The head of the Nationwide
organization Of credit and f1nan-
.ial executives also pointed out
that those who assume that the
present situation marks a definite
and permanent break in the in
aationary tendencies also are in
error for "the real causes Of in
aation are still with us.
The increased plant and equip
nent facilities now being made
n a war effort hope of checking
initiation in later years when these
facilities can be turned to civilian
production. Mr.. Heimann de-
slared.
Ad Men to Honor Winners.
Winners of the Advertising
Clubs second annual advertising
art and photography exhibit will
be honored at the club luncheon
at Hotel Statler tomorrow at
noon. Guest of honor will be
George Adams of the Joseph Katz
Co., Baltimore, who judged the
exhibit and will award ribbons
and certificates of merit.
Winners of ribbons include:
Color illustrations, Ed Hall for
Capital Airlines; posters, Hubert
Leckie for the CIO-Political Ac-
ton Committee; displays. Donal
Mclaughlin, jr., for the American
Chemical Society; black and
white illustrations, Edward WAL
ton for Norfolk & Western Rail-
road; cartoons, Ralph Robinson
for National Institute of Health;
color photographs, Lee Salsbery
for Hot Shoppes; black and
white photographs. James R.
Dunlop for the Washington Star;
design of complete upit, Jeanne
Macdonald for Art Designers
Studio; merchandise illustrations,
Grace Carter for Julius Gar
tinckel & Co.
Mr.. Adams also will present %
certificates of merit for other
outstanding work in the exhibit.
ALB Picks Contest Subject.
present Dangers to Our Amer
lean Heritage of Freedom" will be
the subject for the regional speak
ing contest of the American In
stitute of Banking at Atlantic
City April 81, President j. Kaye
Ewart Of the institute announced.
Hugh Darling of Riggs National
Bank, Washington chapter win
ner, will represent the National
Capital.
Briggs Mfg. Co. has 203 stock
holders in Washington. according
to the annual report, which listed
1850 net income of $16,583. .276 or
1851 a share VS.. $13,395,568 or
S6.88 in 1949. Sales reached $780,
245,517 VS.. 1898 1858, ,744. The COM
pany reported 271 Maryland
stockholders and 254 in Virginia.
The grand total: 1926.
The Eastern spring conference
of the Controllers Institute will
be held at Baltimore April 20-21
In the Observation-Disclosures Hotel.
Martin R. Gainsbrugh, economist
of the National Industrial Con-
ference Board, will address the
opening luncheon.
Mitchell, to Be HonOred.
John L. Mitchell, assistant
treasurer and general manager Of
Shannon & Luchs Co., will be
honored by Washington Chapter,
National Association of Cost Ac-
countants, Wednesday. as mem
Der of the month"
This honor to the veteran real
estate man will be celebrated att
the regular dinner meeting in the
Willard Hotel. Mr.. Mitchell has
been active in Washington Chap
ter affairs for years. He was
president in 1939-40 as we'll as
serving as national director. Un-
der his leadership Washington
Chapter won the Carter Trophy,
q national honor for outstanding
accomplishment during the year.
200th Anniversary Planned.
P. L. Baldwin of Washington
executive secretary of the National
Association of Mutual Insurance
Agents. has been elected to the
Board of Directors of a group
organized to conduct a Nation
wide observance of the 200th an
niversary of mutual insurance in
the United States next year.
The group is called the Mutual
Insurance 200th Anniversary Com
mittee. More than $500 mutual
fire and casualty insurance COM
panies in all 48 States are ex-
SAan%AA ~ -