Evening star., 1952-12-12

peck, who had taken leave from
ATA as executive vice president to
become chairman of the Civil
Service Commission, was in line
to succeed Admiral Land The di-
rectors of the organization, how
ever reappointed the incumbent
president.
The 1853 Ford passenger cars
which are being unveiled to the
public today in all Ford Motor Co.
showrooms. are on sale without
any increase in present prices. l..
w. Smead, general sales manager
of Ford division, announced. He
has notified the company's 6,4O0
dealers throughout the country of
this hold-the-line price policy.
Catastrophe Plan Outlined.
Details of new plan here to
speed adjustment of insurance
claims arising from catastrophe
losses, were disclosed today at the
monthly luncheon Of the District
Of Columbia Association of Insur-
ance Agents at the Mayf1ower
Hotel.
Don B. Sherwood, general ad-
justor of the National Board of
Fire Underwriters. described the
plan which is about to go into
effect here. 1t was developed by the
board to expedite service in the
handling of claims resulting from
hurricanes, major explosions.
widespread conflagrations and
other disasters. In the past. as
was the case following the storm
which swept the East Coast sew
eral winters ago. long delays
have been encountered in ad-
justing claims. AS a result, over
burdened adjustors and inSur-
ance agents, he explained, have
come in for much unjustified
criticism.
Advertising Agency Chosen.
Cohen & Miller Of 1922 New
York avenue NV. has been ap-
pointed advertising agency for
Golden Gift orange Juice and for
orchard Hill Farms, Inc. of Red
Hook, N. Y, makers of Bryan
Hall frozen foods.
James E. Allen, manager of
the Henry B. Gilpin Co., Wash
ington wholesale druggists, has
been elected president of the Mid
die Atlantic Wholesale Drug Club.
He is presently serving as second
vice president of the National
Wholesale Druggists Association,
director and member of the Execu-
tive Committee of the Druggists
Supply Corp. in New York and
director of the Kiwanis Club of
Washington.
President Samuel P. Cohen of
Mid-Atlantic Appliances, Inc,
distributed bonus checks in excess
of $4,000 among employees at
the company's Christmas party
this week.
Mergenthaler Net Declines.
Net sales of Mergenthaler Limo
type Co. amounted to $25. 1850, ,480.
an increase of 81 per cent in the
fiscal year ended September 80.
due largely to a great increase in,
Government sales, but net income
was below the previous year. The
net income of $1,95O,195 for the
parent company was equal to $2.51
share aga nst 1909 $40 OF So. 90
a snare If the previous year.
Figures for the parent firm did
not include results from Davidson
Corp. domestic subsidiary. Da-
wilson SAL. CLIMBED to $2,S56, ,969
from $2,o73,518 IN 1851. Opera
tions. however result in a $375,-
696 loss. Omitted also from the
parent companys total sales were
dividends from Linotype & Ma
chinery. Ltd, a British subsidiary.
The additional income of $768, AGO
was equal to $1.6s a Mergenthaler
share. This compared with $1.28
a share m tie 1851 fiscal wear.
Franklin A. Gibbons jr., con-
troller of the Riggs National Bank,
has been elected TO membership
in the Controllers Institute. Es-
tablished in 1881. the institute is
a non-profit organizat ton of con-
trollerS and finance officers from
all lines of business. The total
membership exceeds 1000.
Austin Miller, 2032 Belmont
road NV. has been awarded the
Gerber 10-year service pin by
John, James Mcclure, district
sales manager Of Gerber Baby
Foods Co.