Evening star. [volume] (Washington, D.C.) 1854-1972, 1953-03-02

production of complex military
weapons and new civilian prod
ucts made of f1brous glass REIN
forced plastic" For the last
seven years, Mr.. King has been
associated with the Ovens
Corning F'iberglass Corp. Since
1850 he as been manager of that
company's Washington Office.
He is president of the Wash
ington Post, American Ordnance
Association, and president also
of the Producers Council; a
charter member of the Armed
Forces Chemical Association, as
we'll as former chairman Of the
Co-ordinating Committee of the
Armed Forces Association. Uni
versa] Moulded Product Corp. S
new vice president will make his
Offices ait 1901 Connecticut ave-
nue. NV. ....
A native Of Oklahoma and A
years Of age, Mr.. King also had
wide World War II experience.
He was 7th Corps chemical Of
f1cer on Gen. j. Lawton Collins
staff during the invasion Of
Europe and was decorated.
Grace Line Names Lapham.
Lewis A. Lapham will join the
Grace Line in the new position
of executive vice president, it
was announced today by Presi-
dent C. C. Mallory. He will as
sumo his duties on July /.
Mr.. Lapham resigned as pres
ident of the American-Hawaiian
S. S. Co. on February Is, effec-
tive March Is. Announcement
was made Saturday from San
Francisco that the American
Hawaiian Line plans to with
draw from the Atlantic Pacific
intercoastal trade. Increased OPP
Grating costs and work stop
pages, it was announced, forced
the assignment of its ships to
Atlantic Coast and interconti-
mental trade,
Mr.. Lapham was born in New
York but moved early to San
Francisco. He joined the Amer
ican-Hawaiian Co. 10 years ago.
! his family having founded the
line in 1898. He has other bust
ness interests.
Colonial Airlines Profit.
Colonial Airlines showed a net
profit in January of $4,000.
President Branch T. Dykes re-
ported today. This Is believed to
be the first time a regional trunk
line in the northern part of the
country has showed a January
profit. The company reported
22,101 passengers carried, an in
crease Of 80 per cent from jan
uary, 1852. Passenger business
on the New ork-Bermuda route
showed an increase of 43 per
cent over January. 1852. Pas
sengers totaled 1896.
In an interim report to stock
holders. Glen Rogers Credit. Inc.
of Washington, listed a three
fold increase in loans. Begin
ming with it's initial subsidiary
company on February 20, 1852,
and through subsequent new and
acquired companies. the out
standing loans increased from
1921 ,306 to a total of $740,395 on
January 81, 1858. This repre-
sents a growth of approximately
334 per cent.
Through it's subsidiaries, the
company is now operating these
offices in the following cities:
Royal Loan Co, Inc, Silver
Spring, Md; Royal Finance Co.,
Inc. Mount Rainier, Md; Amer
lean Acceptance Corp. Balti-
more; Royal Finance Co., Inc,
Arlington, Va, and the Virginia
Finance & Small Loan Corp. Of
Norfolk.
Food Men Elect EachO.
Carlton Eacho of Washington,
was elected secretary Of the Ma
tional Wholesale Frozen Food
Distributors Association at its
meeting in Chicago in conjunc-
ton with the National Frozen
Foods Convention. The new
president is Joseph Gaudio OF
Camden, N. j. Howard Jester,
Bloomington, DEL, was named
treasurer.
Elton B. Stephen & Associates
Of Birmingham, Ala, have
opened a Washington branch Of
fee for Vulcan Service Co., Inc.
to serve the Eastern seaboaro
areas down to Virginia. Vulcan
sells school and library supplies
o. H. Stephens will manage the
new Office,
- Rsu