Evening star., 1952-08-26

-
Sales Contests" and co-author
with Kenneth Goode of "Show-
manship in Business and Profit
able Showmanship."
Rail Veteran to Retire.
James M. Souby of Washington,
general solicitor of the Association
of American Railroads, will retire
September / after nearly 40 years
of railroad service, j. Carter Fort,
vice president and general counsel
of the AAR, announced today.
Mr.. Souby joined the AAR in
1887 as assistant general counsel
and was promoted to general
solicitor in 1912. He entered rail-
road service in 1918 with the
Kansas City Southern and in 1919
moved to the Union Pacific Rail-
road. He became western general
counsel of that railroad in 1886.
Loss to Leave SEC.
Chairman Donald C. Cook of
the Securities and Exchange Com
mission today announced that
Associate General Counsel Louis
Loss was resigning on September
!, 1852, to accept an appointment
as professor of law at Harvard
University. He will teach in the
fields of corporation, corporation
finance and administrative law.
Mr.. Loss joined the commissions
staff in 1887 Immediately after
graduation from Yale Law School
and his admission to the bar. In
1914 he became chief counsel to
the Division of Trading and Ex-
changes, and since 1948 he has
been associate general counsel.
Imitation Affects Hotels.
With imitation still raising pay
rolls and other expenses. hotels
must continue to adjust room
rates upward if THEY are to main
tain their profit position and their
capital and plants. according to
the mid-year review from Hor-
wath & Horwath, hotel account
ants. ~...
Since food and beverage prices
are under ceiling Regulation 1874,
only room rates can be adjusted,
commented the firm, which has a
Washington Office.
The report covering 40 hotels in
% cities, including Washington,
stated that 20 transient hotels of
less than 500 rooms had gross op-
Grating profit of $2,354,245 in five
months this year, gain of IL per
cent from a year earlier. Ten
transients with more than 500
rooms had gross profit of $3,673,-
703, up % per cent, while 10 resi-
dental hotels had a gross profit
of $1,134.768, up 2 per cent.
Total May sales of covered
Washington hotels were 7 per cent
above a year earlier. Room sales
were up per cent and restaurant
sales were per cent higher. Food
sales were up 7 per cent and bev-
erage sales 4 per cent higher.
Committee Heads Appointed
Joseph S. Baldwin, president of
the District Life Underwriters,
yesterday announced the appoint
ment of % committee chairmen
to serve in the coming year.
Included in the list were:
William J, MMeCausland. planning;
Tinsisy ADAMS si,. finsnee; JACK Murphy,
and trust offcer: Elwood Baker. Wilmer
Award, Award; Chester Jones past presidents;
Charles Rice and Arthur % pefenderfer. Isa'io. Co.
chairman of business practices; William
Lin Link pss{sr spSor{SinainIE| MiI|sr ,rt.ur..,on
Godine membership roster; Ingelow Kline.
education; William Haggerty: programs
and and publicity; clyde Larmer. "'c Community
Chest; Larry Reeves sales congress;
Howard Fulwiler Red Gross; Robert Neu-
veterans affairs; Fred McNair I'd, national
quality award; Vernon Zimmerman, Life
Underwriters Training, Council, and Mary
Fort. women underw riters-
Sales Representative Named
Harold c. Rowland of Silver
Spring has been appointed sales
representative in Washington,
Maryland and Virginia for the
Royal Metal Manufacturing Co.
of Chicago. He will handle the
firms complete line of metal seat
ing equipment, case goods and
shelving.
For two years Mr.. Rowland has
been assistant chief, Central Serv-
ices Division of the State Depart