Evening star., 1952-04-29

'AoiOll VI CIlc wal NdnpOWef CON-
mission.
Howard E. Whitaker. executive
vice president of the paper and
paperboard firm, has been elected
president to succeed Charles r.
van de Carr, jr., who was named
director of engineering and chair
man of the engineering and de-
velopment committee.
SOuthern's Net Above 1851,
Southern Railway had net in
come of $4.564,783. after charges.
IN three months this year, COM
pared with $4.229,48O year
earlier. the road reported today.
March net income after charges
was $l.957029 VS.. $2,191.258 in
March, 1851.
Three months operating rev.
enues were $67,320,714 VS.. $63.-
477,485 and March operating rev.
enues totaled $23,8O5, ,739 VS.. S22,-
744, ,97O.
Insurance Companies Gain.
Government Employees Insur-
ance Co. had net profit of 1854 O95
after taxes in the first 1852 quar-
ter VS.. S79,974 year earlier, Pres
ldent Leo Goodwin announced.
Premium volume of $3,2O7,716
was SIS per cent above the same
1851 period.
Government Employees Life In
surance Co. had $15,063,5O7 of
insurance in force on March 81
VS.. $8,464,882 a year earlier. Ap-
plicatlonS in the quarter totaled
$2,653,772 VS.. $1,239,417 a year
earlier.
Government Employees Corp,
auto finance affiliate, earned
$16,351 in the quarter VS.. $17,534
in the 1851 period. Loans proc
essed in the quarter totaled
$1,228,490 VS.. $701,731.
Ample Credit Extended.
Ample credit facilities based on
documentary export bills have
been extended to the International
Bank of Washington by the banks
of New York and other cities,
declared President T. Reed Vree-
land in his annual report to
stockholders. :.
On the books since the balance
sheet of December 81 was COM
piled are $609,273 of bills pur-
chased and firm commitments
amounting to $885.551, total of
$1,464.824, reported Mr.. Vreeland.
The balance sheet as of De-
cember 81 listed assets of $462 ,126,
including $247,702 cash and due
from banks. Formation of three
affiliated companies in New York,
France and Panama, was an
nounced.
John r. Waller. former presi-
dent of the bank, is board chair
man and his brother, Austin, is
vice chairman.
Jewelry Display at Sears.
A ST million jewelry collection
Will be on display at the Wiscon-
sin avenue and Bladensburg road
stores of Sears Roebuck & Co.,
May l through May 10, the COM
pany announced. Sears is one of
the worlds largest retailers of dia-
mondS.
Feature of a dinner meeting of
the Greater Washington Retail
jewelers. Association at Hotel 2400
tomorrow night will be the adop-
tion of resolutions to be presented
at the annual tri-State conven-
ton in Baltimore May As, Presi-
dent Melvin Feer announced.
Victor o. Schinnerer, president
of the District Association Of In
Surance Agents.. is in Denver at
tending a meeting of State asso-
citation representatives on the
board of the National Association
of Insurance Agents. He is sub
bing for v. Manning Hoffman,
State national director of the Dis
trict association. who was unable
to attend. \
Four District certified public
accountants are attending this
weeks meeting of the national
council of the American Institute
of Accountants at White Sulphur
Springs, w. Va. They include: E
Kenneth Rouse, president of the
District Society of CPAs: William
H. Dame of the tax administra-
tion committee and Henry S
Owens and Mark E. Richardson
M. G. Coffey has been named
general agent for the Burlington
Lines here, effective May /. HI
will succeed E. L. Simmons, WHIT
has been promoted to genera
agent. freight department, at Chi
cago. Mr.. Coffey has been genera
agent at Tulsa, Okla. since 1949
Gleason Hearing Aid Co. vii
move it's offices to new and large
ground floor quarters at l4l0 Ney
York avenue NV. Thursday. Mis-
Constance GLEASON is preSiden