Evening star., 1952-12-22

NOtdlCu @O,O1Os
O88 VS.. $6.620,088.
The latest annual sales con-
trasted with $2,558,637 in the 1916
fiscal year. and indicated rapid
growth of the Washington COM
pany in the last six years.
I'VE are pleased 10 report that
demand for company products
continues to grow and expansion
and modernization of our manu-
featuring facilities has been car
ried forward in the last fiscal
year." declared Mr.. Swope.
Expansion Progresses.
THE installation of a large
modern oxygen, nitrogen and
argon producing plant at our
Bladensburg. Md, plant is near
ing completion. A new oxygen
plant was installed at Vineland,
N. j.. in the past year. New hydro
gen facilities are being constructed
at Bladensburg and Kinsport,
Tenn. Production of oxygen and
Nitrogen at Greensboro. N. c., will
be increased in the near future" "
Directors are considering a
profit sharing and pension plan
for old age and family protection
of more than 400 administrative
and production employees. Mr.
SWope also revealed.
Current assets at the end of the
year totaled S2,9O7,001 VS.. S2,537,-
290 a year earlier. Current liabil-
tiles amounted to $1,052,045 VS..
$1,224,969.
Gas Dividends Declared.
Directors of Washington Gas
Light Co. today declared a quar-
terly dividend of $1.12l2 a share
on the company's $3.50 cumula-
tive convertible preferred stock
and a quarterly of $106l4 share
on the $4.25 cumulative preferred
stock.
Both dividends are payable
February 10 to stockholders of
record January 23
Directors also declared divi-
dend of Is cents a common share
payable February to holders of
record January IS.
Insurance Gain Held.
Sales of ordinary life insurance
here in II months of this year re-
manned II per cent above a year
ago, despite a decrease in Novem-
ber. the Life Insurance Agency
Management Association reported
today at Hartford, Conn.
Sales for the II months
amounted to S117,192.OO0. the
agency reported. November sales
OF S9,530,000 were IL per cent be-
hind the same 1851 month.
Spring Style Show Planned.
The spring style show and buy
ing mart of the Washington
Maryland Mems and Boys APP
parel Club will be held at the
Willard Hotel January 11-13. it
was announced today.
Also sponsored by the National
Mems Apparel Clubs and the
Mems Wear and Industry
Council, the show will feature
Easter and spring styles and spe-
cial offerings for Fathers Day.
A snack bar for customers will
be open from 1870 am. to 7:30
pm.
Acacia Employees Cited.
Employees of Acacia Mutual Life
Insurance Co. will be presented
with a Treasury citation tomor-
row marking 10 years participa-
ton in the payroll savings plan
for buying United States Defense
bonds. They have invested more
than So million in savings bonds.
Acacia employees will thus be-
come the second firm in the Dis
trict to receive the 10-year award,
the first having been presented
last year to Washington Terminal
employees.
The award will be presented
during the annual Christmas
party to William Montgomery,
president. by Edward C. Baltz.
chairman, District of Columbia
Savings Bonds Division. Employees
will attend the ceremony which
will be held at pm. in the lobby
of the Acacia home office.
WhitlOck to Retire.
E. H. Whitlock, general agent
In charge of the Great Northern
Railway passenger office in Wash
ington for the last Is years, is
retiring on December 81 after AZ
years of railroading, it was an
noUnced today
His successor, with enlarged
responsibilities. will be j. F.
Thomann, now district passenger
agent for the Great Northern in
Chicago. Mr.. Thomann will rep
resent both freight and pas
senger departments of the rail-
way in Washington. with the title
of district freight and passenger
agent.
'FRONT.' Sharlng ran.
Employees of the Capitol Cadil-
lac-Oldsmobile Co.. 1922 Twenty
second street NV, and Akers
Oldsmoblle- Cadillac Co., Fair
lington, in Alexandria, will share
in a profit-sharing plan at a
Christmas meeting tomorrow.
Floyd D. Akers, president, an
nounced that Is per cent of the
company profits would be dis
tributed to 275 employees for
1852. He stated that each en-
ploye having earned one share will
receive $15.95. each share repre-
senting one full year of employ
ment. A majority of the employees,
he said, have an average of 10
or more years of service.
Furthermore, Mr.. Akers ex-
planned, each employe will re-
ceive 6 per cent of his annual
salary as additional recognition
of his year of service in the profit
sharing distribution.
The Studebaker Corporations
preview of the 1853 Studebaker
lina cohadtY1AI - H. W. IL @,f