Evening star., 1952-06-23

Splltup OF the '"''"
100000 shares presently outstand-
ing will create 100000 shares o1
Glass B stock. The new shares
will be available for future flnanc-
ing.
incorporated in 1949.
The company was incorporated
in Delaware in 1949, and with
a plant at 1905 Fairview Avenue
NE, is in the business of print
ing, processing, editing and sound
recording of 16-mm. motion pic
ture film in both color and black
and white.
A large portion of the business
comes from laboratory film service
for the television industry. The
company processes news reels
originating in this area for Ma
tional Broadcasting Co. and Tele-
news Productions. Inc. It also
has been licensed to use the RCA
sound-on-film recording system
There are only 33 such licensees
George NJ. Ferris. jr.. of Ferris
& Co., has been elected to the
Board of Directors to fill the va
cancy created by the resignation
of George Johnston. Other di-
rectors are Mr.. Smith. William
N. Brooks, executive vice presi-
dent, and Arthur Resher.
Bank Legislation Waits.
Not much, if any, bank legisla-
ton will be enacted by the present
Congress, commented j. o. Brott
general counsel for the American
Bankers Association, in bulletin
to member banks and associations
yesterday.
Because of the press of money
bills and other must" legislation
Congress may recess for the po-
litical conventions in July anc
return for a short cleanup" Ses.
sion in August, he declared.
Capital Reserve Report.
Capital Reserve Corp, sponsor
of the Potomac Plan for accumu.
lating Pepco common stock, re-
ported today that the number o1
local holders of the utility'S com.
mon has increased steadily along
with the growth of the company
itself. While there has been g
decrease in the total common
stockholders from 45,525 in 194T
to 38,795 in 1851. the number o1
Washington, Maryland and Vir-
ginia investors in the shares has
almost trebled from $500 in 194T
to 14,300 in 1851.
Over $500 of these stockholders
live in the District Of Columbia
or "a per cent Of the total. This
compares with $500, or IA pei
cent in 1947 when common stock
was first publicly traded.
Policies Pay OFF.
The 90 mutual fire insurance
companies which are members o1
the American Mutual Alliance re-
turned S34,618,454 in savings tt
policy holders last year. This is
an increase of 15.9 per cent over
1850, according to John H. Kroll
president of Washington's Mutual
Insurance Agency.
He said companies were able to
return the savings despite losses
and loss expense amounting to
nearly $50 million, an increase OF
Is per cent over 1850 losses. In
addition there was an increase OF
17.2 per cent, or more than $66
million in underwriting expenses
Holdings in Government bonds
In assets by the mutual fire COM
panies making up the Alliance
increased dollar wise, he said, but
the percentage Of the total OF
these investments dropped slight
ly. Other assets holdings in
creased, however. including stocks
real estate, mortgage and col
lateral loan, and all other ad-
mitted assets.
Courtright HonOred.
John G. Courtright of the Con-
necticut General Life Insurance
Co., has been made a member Of
the 1852 Presidents Club of this
company, qualifying for the fourth
consecutive time in the honor
group.
j. H. Hatcher has been appoint
ed assistant traffic manager OF
Atlantic Coast Line Railroad, with
headquarters in Washington. He
will have jurisdiction over freight
and passenger traffic in the
Washington area.
A native of Florida, Mr.. Hatch
er began railroading with the
Coast Line in 1927 as travelling
freight agent at Miami. He has
been eastern. freight agent at New
York headquarters and after
service in Wilmington, N. c., he
was promoted in 1914 to executive
general agent here. In 1947 he
was promoted to assistant pas
senger traffic manager and trans
ferred to Wilmington. He leaves
this post to come back to Wash
ington.
Doyle Named Manager.
]. c. Oarry) Doyle, Ford Di-
vision Central Regional sale:
manager, has been appointed sale.
and advertising manager. Fore
Motor Co., it was announced to-
day. He recently completed si1
months of Government service a
a consultant in the automotiv'
section of the National Production
Authority. A veteran of SO year.
with the Ford sales organization
he has been promoted steadil!
since starting as an Office boy il
Kansas City. He served as ;
brigadier general in World War I
in the Ordnance Department.
The Sheraton, Inc, subsidiar.
of Sheraton Corp. of America, il
remaining the Kass Building il
L.