Evening star., 1953-06-01

Life: Daniel I.
Moler, Lincoln
National; Al Mr' Maf'h.
Ian Rutledge, jr., Minnesota
Mutual Life; Warren B. Stone.
New York Life; Samuel j. Sugar.
Penn Mutual Life, and John
(Jack) lima, John Hancock
Mutual Life.
William r. Earls Of Cincinnati,
national chairman Of the Round
Table, said a majority Of the
l,24O members would attend the
conference from the United
States, Alaska, Hawaii, Cuba.
Canada, Japan and Venezuela. A
panel on "Profit-Sharing" will be
conducted by James F. Lincoln,
of Cleveland, who will represent
the Council of Profit Sharing In
dustries. He is president OF the
Lincoln Electric Co. Another
panel will be on How to I'M
prove Take Home Pay Of the
Corporate Executive" Taking
part in it will be Arch Patton OF
McKensie & Co., New York.
management consultantS, and
v. Henry Rothschild II, New
York corporation counsel, The
moderator will be A. j. OStheimer
III of Philadelphia, producer.
Postal Receipts Gain.
Washington postal receipts in
the first five months of 1858 in
creased 4.76 per cent over a year
ago but slight decline in May
receipts hit the ratio of increase
behind the record SIS per cent
gain at the end of the first quar-
ter.
Postmaster Roy North reported
May receipts of $4,000. 1888 COM
pared with $2,185. .663 in April.
The gain over May, 1852 was
1.64 per cent of $32,783. April's
gain had registered q high Of
6.5 per cent.
Receipts for the first fivs
months totaled $10,470,116, up
$475,370 from 1852.
Annual Meeting Called.
The auditors section of the
District Bankers Association will
hold it's annual dinner meeting
at the Mayflower Hotel on
Thursday, June 18, it was an
nounced by Roger S. Quinn, au-
ditor of the Washington Loan d
Trust Co.. who is section chair
man.
The remodeled and expanded
Falls Church store Of the Hech-
niger Co.. which opened Satur-
day with a public barbecue. in
troduced self-Service to the
hardware and building supply
trade here. This includes gro.
cery carts and check-out count
erS.
Southern Oxygen Dividend. 4.
Directors of the Southern
Oxygen Co. have declared the
regular dividend of Is cents a
share on common stock. payable
June 80 to stockholders of record
June 20.
Rail Officials to Speak.
Three Washington railroad Of
ficials will appear on the pro-
gram at the annual meeting Of
the Safety Section of the Asso-
citation of American Railroads.
June "a in st. Louis. They are
James H. Aydelott, vice president
for operations and maintenance
of the AAR, who will address
the opening session; c. M. Kim
ball, assistant to the vice presi-
dent for safety of the Southern
Railway System, who will report
on highway crossing accidents,
and Thomas j. Sinclair. man
ager of the School and College
Service of AAR.
Personnel Forum Due
The Buerau of National AZ
fairs, Inc. has chosen personal
directors to serve as members
of its Personal Policies Forum,
an industrial relations project.
Those selected are j. w. Burke.
jr., of Capitol Airlines; and c.
D. Magruder of Washington Gas
Light Co.
Peak Figures Cited
Wages, prices, income and
consumer debt, are at an all time
peak in dollar terms, according
to DR.. Sidney Rolfe, New York
economist and former economics
professor at Columbia and
Princeton Universities. DR.. Rolfe,
now an economist with the CIT.
Financial Corp. of New York.
has completed q round Of gov
ernment visits In Washington.
He conferred with the Commit
tee for Economic Development.
Commerce Department. and Of
ficials of the Federal Reserve
Board, as well as others.
DR.. Rolfe said consumer debt
is about 10 per cent Of personal
dispoSable income. at present.
He said officials he consulted
agreed with him that this figure
Is not too high. II find the
consensus to be that consumer
debt is not too high so long as 1t
is granted on the basis Of sound
terms which protect the bor-
rover, the lender and the econ
omy," he said.
Newspapers Selected.
Clicquot Club Co.. of Mills,
Mass, according to Alton T.
Barnard, vice president for sales,
has selected newspapers IS the
principal advertising medium for