Evening star., 1953-06-18

ment as chair Mr. Demmler.
man to succeed Donald Cook.
An SEC appropriation of S.
245.000 was approved by the
House, but the Senate cut this
to SIS million. The difference
must be settled in conference.
The Senate has named it's con-
ferees, but the House has not.
The new chairman yesterday
declined to comment on the
budget question, but indicated
he planned no changes in per-
sonnel or policies.
The Senate cut. if approved in
conference, would be the third in
a year annd the retired chair
man is known to feel that oper-
ationS of the agency will suffer
if it becomes effective.
Members of the SEC staff,
however, were heartened yester-
day by the new chairman's adj
vice to stop worrying about ru-
morS.
Extra Dividend Voted
Directors of Security Storage
Co. today declared a regular
quarterly dividend of SIPS a
share and an extra of so cents
share, both payable July 10 to
holders of record July 6, Presi-
dent Clarence A. Aspinwall an
nounced.
This raises declarations so far
this year to SO share.
Mr.. ASpinwall also announced
that improvements in the cold
storage department have been
completed and that 10 new steel
liftvans have been added, raising
the number to 1874 now standing
in 50 cities and 48 countries
throughout the world.
Bank Dividend Declared
Directors of the National Bank
OF Washington have declared a
Semiannual dividend of 3 per
cent, or 80 cents a share, pay
able July to holders of record
June "a, President Barnum l..
Cotton announced today. Trans
fer books will be closed between
those dates inclusive.
Earl Campbell of the Campbell
Music Co. has just returned from
New York where he conferred
with officials of Steinway e. Sens
on Washington's participation in
a Nationwide Steinway centen-
NAL celebration. which will open
in october and continue through
May, 1854.
Sos Sales Below 1852
Because of warmer weather
this year, sales of WASHINGTON
Gas Light Co. in May were re-
duced to 14,789.114 therms, a
drop OF l.89 per cent from 49,
068,988 in May, 1852, the COM
pany reported today.
Sales in five months this year.
however, totaled 144,458, SOB
thermS, gain of 3.92 per cent
from 138.792,461 in the same
period last year.
Birth Is Financial News
The birth of Robert Vedder
Fleming II at Garfield Hospital
today was financial news.
His parents are Mr.. and
Mrs. Robert w. Fleming, and his
grandparents are Mr.. and Mrs.
Robert Vedder Fleming,
The grandfather is board
chairman and president of the
Riggs National Bank. while the
father is a partner of Folger,
Nolan, Inc.
Banker Fleming already has
four granddaughters, but the
new arrival is his first grandson.
Prentiss EuIoeizes Ford
This country's economy would
not be as productive had it not
been for Henry Ford, declared
Brig. Gen. Louis w. Prentiss,
District Engineer Commissioner
last night.
Addressing more than 500
Ford and Lincoln Mercury deal
ers at 50th anniversary dinner
of the company at the Mayf1ower
Hotel, Gen. Prentiss declared the
accomplishments of Henry Ford
were examples of the greatness
of the human mind and the
steadfaStneSs of the human
spirit"
He praised Mr.. Ford as man
of supreme faith and courage"
The dealers in attendance came
from the District, Maryland.
Virginia, West Virginia and
North Carolina.
New Manager Appointed
Frank A. Creaser, who has
been Washington manager of
the TechRep Division of Philco
Corp, has been named assistant
sales manager of the division
with Offices in Philadelphia.
George A. Swaney, who has
been in the Washington office
since 1851, will succeed Mr..
CreaSer here.
/ Mr.. Swaney has been with the
company since 1916. serving in
the Pacific district and later as
supervisor in the Central district.
Harold E. Wirth, manager of
the Washington Office of the
Defense Products Division of the
Firestone Tire and Rubber Co..
was honored by company officials
at Akron, Ohio, recently on his
20th anniversary of service with
the company,