Evening star., 1952-06-18

As ~ S0AAAF
bell of Pittsburgh, Pa, vice presi-
dent of the coal division of East
ern Gas and Fuel Associates, was
elected association president to
succeed Ralph H. Knode of Phila-
delphia.
M. Pickett, who has served
the 7th Texas district in the
House for eight years, will retire
at the end of his present term.
Mr.. Battle joined the association
staff here in 1920 and headed the
traffic department before becom-
ing executive secretary and later
executive vice president.
Special Dividend Voted.
Directors of the Bank of Com
merce and Savings declared a
special dividend of 81 share and
a regular quarterly of $3.50 a
share, both payable June 30 to
stockholders of record June 20,
President Thomas j. Groom an
nounced. A similar special was
declared q year ago.
Directors of the Second National
Bank today declared a dividend of
2 per cent or a 81 share, payable
June 30 to shareholders Of record
June 20, President John A. Reilly
announced.
American Security & Trust Co.
declared a quarterly dividend of
Is cents and an extra of Is cents
a share, both payable July 10 to
holders of record June 80, Presi-
dent Daniel w. Bell announced.
Similar extras were declared in
the third and fourth quarters of
last year.
1O-fOr Split Approved.
Stockholders of the National
Savings and Trust Co. yesterday
approved plans for issuance of 10
shares of $40 par value in ex-
change for each share of 500 par
value stock now outstanding,
President Bruce Baird announced.
Holders representing 96.68 per
cent of outstanding stock voted
unanimously in favor of the plan
recommended by directors. The
exchange will leave capitalization
of 81 million unchanged and will
be effective July /.
Established in 1867, the COM
pany recently observed its 85th
anniversary. Capital, surplus, un-
divided profits and unallocated re-
serves totaled $5,192.000 on March
81.
James Cassidy Leaves FTC.
James w. Cassidy has resigned
as assistant general counsel of the
Federal Trade Commission to
enter private law practice in the
firm of Halfpenny. Hahn and
Cassidy in the Ring Building. The
firm specializes in antitrust cases.
James H. Simon. president of
Simon Distributing Corp, an
nounced formation of a new sub
sidiary, Oak Point Corp. which
will be distributor for Chris Craft
Corp. in the Chesapeake Bay area.
Headquarters will be at Annapolis.
Ford Film to Be Shown.
Ford Motor Co. will show its
new documentary film, "Tomor-
row Meets Today" to Govern
ment, business and civic leaders
at the Mayflower Hotel tomorrow
afternoon.
The f1lm pictures engineering
and research developments of the
company. Lewis D. Crusoe, COM
pany vice president and Ford di-
vision general manager. will
speak.
The Washington district Ford
Dealer Council, representing 106
Ford dealerships in Washington
and parts of Maryland, Virginia
and West Virginia met today at
Hotel Statler.
Retail Credit Group Elects.
william r. Davies of Lans-
burgh & Bro. has been elected
president Of the Retail Credit As
sociation. Other new officers:
Richard r. Datz. Hecht Co., vice
president; Mrs. Mary Hodan, En-
cyclopedia Britannica, treasurer.
The Washington Sales Execu-
tives' Club elected Ferd Nauheim
Paul M. Mayer and A. Jasper
NRaArA fn tina nnard - YN}rnokc,..