Evening star., 1952-02-29

A native OF washington, Mf
Norman IA d graduate OF Vlfelfla
Military Institute and served Al
an efHeeF IN the AFmy Chemical
6eFPs during Weiid War H. tie
attained the rank of eeleHelr
j. Robert ReWley, assistant
MANAGER OF public relations feF
the FRlFehild Aircraft Division at
HagefsteWn, Nd, has resigned,
effective March |, and will Join
the Washington Office of the pub
lle relations firm OF Carl Ryoir
A. Associates,
Bank CleaFings Top 1851,
Washington bank eleaTings In
February totaled 1896 1868 1853
highest on record for the month,
and were 81 per cent above Febru-
airy, 1851, George H. Bright, clear
ing house manager, reported,
Clearings for the first two
months this year aggregated $685.
295,705, only IL per cent above
a year earlier, but a new record
for that period. January clearings
OF $468, ,426,741 were about 0.5 per
cent behind year earlier.
Hotel Business OFF Slightly.
Total sales of Washington ho-
tells in January were per cent
behind January, 1851, although
room sales were even with a year
earlier. Horwath & Horwath, hotel
accounting firm, announced to-
day.
The hotels restaurant business
was down 4 per cent, with food
sales off 3 per cent and beverage
business down 6 per cent.
The Washington sales ran
counter to the national trend.
Sales in all leading cities covered
by the report were up per cent
in January. with room sales up
per cent, total restaurant sales
per cent higher, food sales up Z
per cent and beverage sales 6 per
cent higher.
The firm in January resumed
publication of separate figures for
Washington after a lapse of sew
eral years.
PepcO Dividends Voted.
Potomac Electric Power Co. d.
rectors have declared a regular
quarterly dividend of As cents on
the $50 per cent preferred stock.
payable April / TO holders of record
March 6; also q quarterly dividend
OF 22H2 cents q common share,
payable March 81 TO holders of
record March 10.
Mergenthaler Linotype Co. d.
fectors yesterday declared the
regular quarterly dividend OF 30
cents n common share. payable
February 20 10 stockholders OF
record March 20.
Phone Expenditures Approved.
Following reelection Of nil Of
hcers Of the Chesapeake ~ po-
tomac Telephone Co. nj the board
meeting yesterday, directors Hp-
proved expenditures Of Ag74 900
for Improvement and expansion Of
telephone facilities 10 keep pace
with growing defense cOininuhl.
cation needs and continuing
heavy bubllu demand Tor service.
Of this total sig5, 100 VIA au.
thUilyed t0r The installation Uf
additional equipment M The GUiti :
pahy's downtown dial eehttf ana
VHfl6uS OLhep 0lilees Also In
Giuded Was SfBlBBU tor additional
eable faeliltles N the bf00kiahd
ana eBhfFesR felRhts afeasi
6lheeFs FeseieGted WeFe II HaHz
GBIph Madd0Sl BPesldehti Fred
eFlGk g. Maeap0W Robert g. Mgs
eann and William j MeMaHHs
VICE presidents Robert W MlGhle
vice president ana controller
Robert w. HHssellr secretary ana
treasurer Stephen H. Fletcher
ReneFal counsel Jesse II, y, ePlga
ler, vice president and geneFaI
Hanagerr and Charles b, sener
W hHHltHl'
Opposes Fees IN SEC,
Clarence A, RlGkel, chairman
pf the Board af GaVeFnars 0l
Ahe Natlanal Association OF Sc,
Gurities Dealers, charges that pro,
posals of the Securities A. Ex'
change Commission to impose al
annual registration fee OF $50 or
firms and $40 on employees woulc
.usurp Congress power to levy
taxes and could result in whole
new concept of Federal regula'
tion.
Election of the Guardian Build
ing and Loan Association OF 640|
Georgia Ave, Silver Spring. h
membership in the District OF Co
dumbia Building and Loan League
twas announced yesterday.
iEorninn Exchun0e