Evening star. [volume] (Washington, D.C.) 1854-1972, 1951-02-13

long service 10
the industry.
He served last
year as vice Mr.. Johnson.
president.
He has been chairman of the
associations Legislative Commit
tee for the last five years and
also chairman of the Fair Trade
Practices Committee working with
the Federal Trade Commission on
trade practices within the indus
try. During World War II he
was member of the industry
committee that worked with the
Office of Defense Transportation.
Debentures to Be Redeemed.
Capital Airlines will redeem all
outstanding 4 per cent convertible
income debentures, series B, due
September /. 1860. on March IL
at 1922 per cent plus accrued
interest at Bankers Trust Co., Is
Wall street, New York.
Holders may convert the de-
bentures on or before the redemp-
ton date into fully paid and nom
assessable shares of the company's
common stock at the rate of 80
shares for each $1,000 principal
amount of debentures.
On conversion, all interest un-
paid on the debentureS to the re-
demption date will be paid to the
holder, the company announced
b. e. o. to Pay Interest.
Baltimore 81 Ohio Railroad d.
lectors yesterday decided to start
paying April II all contingent in
terest which accrued on the road s
bonds in 1850.
The payments will include $50
per $1,000 on series G, K and M
refunding and general mortgage
bonds; $36 per $1,000 ON 6 per
cent series bonds, $40 per 81 900
on series B 5 per cent first mort
gage bonds, SIS per $1,000 on
series A Southwestern Division S
per cent bonds, and $45 per $1,000
on convertible Az per cent in
come bonds.
Directors have alIocated S18,-
162,704 of available 1850 income
after fixed charges and $4,432, 1868
is left for other corporate pur-
poses. the announcement said.
Furniture Sales Boosted.
Sales of seven furniture stores
in the District during 1850
climbed II per cent above 1949,
the Federal Reserve Bank of
Richmond reported today. De-
cember sales were 6 pei cent
above December, l949.
Motorola, Inc. television man
ufacturers, increased production
facilities and personnel eightfold
from 1910 through 1850. Presi-
dent Paul v. Calvin announced.
The company's current decentral-
lied facilities now total more than
a million square feet in % diff
ferent plants. he said. Employees
exceed 1000.
Best & Co. sales in the year
ended January 81 totaled $685.
046,433 VS.. .$36. 1886 in the pre-
vious year, President Philip Le-
Boutillier announced. Net profit
was $2,041,433 or $3.4O a share
VS.. $1,973,4 or 1929 in the pre-
vious year.
Benefits Chart Prepared.
A chart of old-age and survi-
vors insurance benefits, including
the 1850 amendments, has been
prepared by Eugene A. Rasor,
statistician of the Federal Secur-
ity Agency and will be available
for distribution shortly.
Corcoran Thorn, board chair
man of the American Security &
Trust Co.. and Mrs. Thorn sailed
from New York Saturday on the
53-day inaugural cruise to the
Mediterranean of the new Amer
lean Export Lines luxury liner, the
Independence. Travel arrange
ments for the cruise were made by
the travel department of the
American Security g. Trust Co.
G. R. Kinney Co., shoe manu-
facturers and retailers, will use
its first television advertising this
pre-Easter season. Spots for this
area will appear on Station WIG
Kann's Promotes Controller.
j. Frank Brown has been pro-
NOTED to executive controller OF
S. Kann Sons Co., and Harry
Coonin has been named to sue
coed him as controller. Mr.. Brown
has been with the company 80
years; Mr.. Coonin, 16 years.
Henry Schmidt of Heller Associ-
ates will address the annual con-
ference of the Society for Ad-
vancement of Management to be
held tomorrow and Thursday at
the GSA Auditorium, Nineteenth
and F streets NV. A. Heath On
thank, director of Civilian Per-
sonnet, Army Department., and
Representative Burnside, Demo-
crat, of West Virginia also will
speak.
Walter j. Crismond, Washing
ton sales manager for the Toni
Co., is attending the annual meet
ing of the company's Eastern sales
force at Philadelphia.