Evening star., 1952-08-21

Mr.. Phipps. Mr.. Simpson.
meeting, at which it was disclosed
July's net income will exceed $3.50,
600, despite the recent steel strike
This estimate compared with a
net of $1.059.720 for June, which
was down $463. 800 from a year
earlier. rejecting strike results
However. the road reported car
loadings have shown a steady in
crease since the strike ended July
"a, and the outlook for August net
is brighter.
Howard E. Simpson was elected
executive vice president of the
company, effective September /
and j. w. Phipps, jr., general
freight traffic manager, will sue
ceed him as vice president-traffic
Both are veterans of B. & o.
service.
A record of 40 years of railroad
ing is behind Mr.. Simpson, who
came to B. g. o. in 1881 as general
eastern passenger agent in New
York. Five years later he moved
up to assist the general passenger
traffic manager in Baltimore. After
other promotions he was named
vice president for both freight and
passenger traffic in 1916 and the
next year was elected vice preSi-
dent in charge of traffic.
Mr.. Phipps began his career as
q clerk in the Baltimore station
ary Office of the B. & o. in 1914.
He was promoted through various
grades to general freight agent in
Philadelphia in 1941 and five years
later returned to Baltimore to be
general freight traffic manager
for the entire system.
Sears Plans New Store.
Plans for opening the fifth and
largest branch store of Sears,
Roebuck & Co. next spring in
the growing Southeast section are
progressing but still lack final de-
cision, Hugh K. Dufield, local
general manager said today.
Sears, Roebuck & Co. received
approval of the National Produc-
ton Authority for new construc-
ton early last winter and Mr..
Dufield said the company still
hopes" to build if contractors
bids and the economic situation
are favorable in the Spring. When
the company applied to the NPA
it was then estimated the cost
would be $2.5 million.
The site selected is at Alabama
avenue and Naylor road Sc. Civ
ing the company a situation in
probably the fastest growing sec
ton of the city and close to the
expanding communities in Prince
Georges County. Mr.. Dufield said
architects plans for the store will
be completed within 80 days, and
it was hoped the company would
receive contractors bids in De-
cember.
With a planned floor space of
about 100000 square feet. the
proposed branch would be larger
than any of the company's pres
ent four units in the Washington
area.
Finance Company Dividend.
Directors of the 'State Loan &
Finance Corp, Ring Building, yes
terday declared regular quarterly
dividends on preferred and COM
mon stock. payable September IS
to stockholders of record Septem-
ber 2. The dividends declared
were 20 cents on classes A and B
common. and 37l2 cents on both
the 6 per cent cumulative and 6
per cent convertible preferred.
Administers Advertising, Inc, of
Washington is now serving its
clients from new Offices, having
moved to suite 1043, Washington
Building from 514 Tenth street
NV. John E. Waterfield, presi-
dent of the agency, said the new
location is in closer proximity to
all local media Offices. Service also
will benefit from the more eff
cient office layout.
Two Gift Shops Honored.
Two Washington gift shops were
honored with 1852 awards made
by Gift and Art Buyer. national
trade magazine of gifts and ac-
ceSSories at an award dinner this
week at the Waldorf-Astoria Hotel
in New York.
Representing the Washington
firms were Bertram Shrier, head
of Bertram Shrier, Ltd, and Spen-
Ger Howell, proprietor of the Game
Room. The award to Mr.. Shrier
was a silver-bronze plaque, ap-
propriately inscribed, for excel
lence of store design. Mr.. Howell
received a similar plaque in recog-
milton of his stores achievement
in store promotion.
Donald McAllister, vice presi-
dent and general manager of
Geyer Publications, publishers of
the trade journal. presented the
awards Tuesday evening. Five
other stores in various sections
were similarly honored in the
national competition. He said the
industry now is responsible for
more than $3.50 million in sales of
gifts and decorative merchandise.
The new 1883 line of Admiral
television again will be on display
today and through Sunday at the
2046 West Virginia avenue NE.
showroom of Mid-Atlantic Ap-
pliances, Inc, distributor for
Admiral products. The company
is acting as host to dealers in the
Washington area.