Evening star., 1951-01-09

has asked Kaiser Frazer to un-
dertake mass production of Fair
child's Packet, a troop-carrying
transport, at K-F's Willow Run
plant just outside Detroit.
A World War I aviator, Mr..
Frizzell was assistant general
manager of the Fairchild Aircraft
Division at Hagerstown during
World War II. He has developed
large building projects in Be-
thesda. is president of the Vir-
ginia Hotel Co. and a trustee of
the Joseph E. Willard Estate.
Peoples Drug Sales Rise.
Sales of Peoples Drug Stores.
Inc, jumped to $5,529,S75 in
December. compared with S3,S72,-
1873 in the previous month and
were 7.6 per cent above $5,141, 1872
In December, 1949, Treasurer w.
H. Churchill reported today. Sales
for all of 1850 reached SAT 7,260,-
679, an increase of 1 per cent from
$46,762,957 IN 1949.
Union Trust Co. net earnings
for 1850 reached record $442 $50
or SAP share. compared with
s432.2 or $432 in 1949, the
previous record year, President
Linwood p. Harrell announced.
Directors of Riggs National
Bank declared regular dividends
of So share on capital stock,
payable January Is to holders of
record January 8 and another So
a share, payable April 16 to hold
ers Of record March 80.
Slated for Reelection.
Haven B. Page, Washington at
torney, has been nominated for
reelection as director of Air
Associates, Inc, at the annual
meeting in Teterboro, N. j., jan
uary 25.
Stockholders will vote on a plan
to issue 100000 shares of new 6
per cent cumulative convertible
preferred stock and increase au-
thorized common stock to 100000
from 200, 900 shares.
The new preferred would be
used to capitalize large part of
an earned surplus of S1,861 1863
and would be distributed to hold
ers Of common stock, the proxy
statement said. Net income for
the year ended September 80 was
$32,735. before taxes, compared
with $37,159 in the previous year.
Heads NASD Committee.
g. Fenton Cramer of Ferris &
Co. of Washington has been elect
ed chairman of the District II
committee of the National Asso-
citation of Securities Dealers, Inc.
Edward j. Armstrong of Balti-
more was elected vice chairman
and Donald H. Burns of Wash
ington secretary. Charles P. Lu-
kens, jr., of Washington and
George G. Shriver of Baltimore
were elected committee members.
John L. Sullivan, former Secre-
tary of the Navy, has been ap-
pointed a director of the Brown
Co., paper manufacturers. Will
liam B. Joyce of New York and
Charles P. McTague of Toronto
also were named directors by
voting trustees of the company.
Speaker at American U.
Leroy Brunig, personnel direc-
tor Of Lansburgh & Bros, will ad-
dress business administration stu
dents at American University at
10:40 am. tomorrow. He will dis
cuss employe functions in depart
ment stores as part of the weekly
series on careers in retailing.
John L. Neff has been appointed
commercial manager of Radio Sta
ton VOL to succeed Edgar Par
sons, who has been named ma
tional sales representative of the
station. Mr.. Neff has been with
VOL for more than 10 years.
Directors of Washington Chap
ter, National Association of Cost
Accountants, will hold their first
meeting of the year tomorrow
evening at the Willard Hotel
Doren D. Vest, president, will pre-
side. <