Evening star., 1953-05-26

| o1IO1 I1y al ICI
"r' CoSe' the newspaper
bought WMAL. He had been
news and sports commentator
for WMAL and WRC. He was
appointed promotion manager
for The Star in 1948.
During World War II he served
three and half years in the
Navy, including two at sea. He
finished his service as a lieu
tenant commander and received
a Navy Commentator Ribbon
for staff work as assistant opera
tions officer for Admiral Richard
L. Conolly. commander. Amphib-
ious Group 3.
He is a director OF the Ma
tional Newspaper Promotion AS
sociation and a member of the
Board of Trade, the National
Press Club, Sigma Nu Phi and
the Masons. He attended Trinity
College in Hartford, Conn. and
has a law degree from WASH
ington College of Law.
Stuart M. Armstrong. advertis-
ing director of the National
Radio Institute, was elected first
vice president. Kenneth H.
Brown, manager Of the Washing
ton Office of the Progressive
Composition Co., was named sec
ond vice president.
-Four directors were elected.
They were Thomas Griffin, WASH
ington Daily News; Cody Pfan-
stiehl, Station WTOP;; Basil
Fowler, Washington Post, and
Frank Ehlert, The Washington
Star.
O. X. LaRoQue Honored.
William K. Divers, chairman
of the Home Loan Bank Board.
and other members of the board.
today joined nearly 200 Wash
| ington savings and loan execu-
tives in honoring o. K. LaRoque
at a testimonial luncheon at the
Mayf1ower Hotel.
Mr.. LaRoque, who is known
in savings and loan circles
throughout the Nation. recently
retired as president of the Home
Loan Bank of Greensboro. Previ-
ously he was a member of the
| Home Loan Bank Board.
William H. Dyer, president
of the District Building and
Loan League presented a scroll
Of appreciation to Mr.. LaRoque.
Among these paying tribute
to Mr.. LaRoque's long service
in the savings and loan field
were Mr.. Divers, Edward c.
Baltz, president of the Perpetual
Building Association and for
merly vice president of the
Greensboro banks board, and
Wilfred H. Blanz. president of
| the American Building Associa-
ton and a director Of the
| Greensboro bank.
B. & o. Earnings Improve.
Net income of the Baltimore
and Ohio Railroad increased to
$7,622,92 in four months OF this
year, a gain of $425, ,645 from the
same 1852 period. the road re-
ported today.
Operating revenues Of $l48,-
273,866 were $350.951 above a
year earlier, but operating ex-
penses dropped $l,413,478 to
$118,198,156.
April net income was $780,
CAT, an increase of $738,880 from
the same month last year.
Samuel j. Solomon of WASH
ington was reelected a director
of TACA Airlines Corp. at the
annual meeting in Mobile, Ala.
Maryland Bankers to Leave.
An ocean passenger liner will
make a rare stop at Baltimore
Saturday to pick up members of
the Maryland Bankers Associa-
ton for a six-day cruise.
Around $50 members of the
association and their families
and guests will board the 22,500-
ton Queen of Bermuda for a six
day cruise.
The association will hold its
annual meeting on the cruise.
The Queen of Bermuda will be
the first ocean passenger ship to
dock at Baltimore since 1851.
Garfinckel Dividends Voted.
Directors of Julius Garfinckel
& Co. have declared regular
quarterly dividends OF 34as
cents a share on 5l2 per cent
convertible preferred stock and
281s cents on Az per cent con-
vertible preferred stock; also a
a quarterly of STA cents a share
on common stock. all payable
June 80 to holders of record
June IS.
Directors of State Loan and
Finance Corp. declared a quar-
terly dividend of 37l2 cents a
share on preferred stock and
a quarterly of 20 cents a common
share. both payable June IL to
holders Of record June /. Presi-
dent Davis Weir announced.
The dividend declared by di-
rectors of National Mortgage and
Investment Corp. on account Of
accrued dividends on the pre-
ferred stock amounted to 30
cents Q share, and not 35 cents
as stated in this column yester-
day. 1t is payable June Is to
holders Of record June /.
Trade Leader to Speak.
David Scull. president Of the
Silver Sprin gBoard of Trade
will be guest speaker at the
monthly luncheon of the Con-
sumner Advisory Board Of the
Hecht Co.. Silver Spring, He
will tell the women's group of
current problems of the Silver
Spring business area.
Read Drug & Chemical Co.,
Maryland drug chain. has ap-
pointed Henry J. kaufman G
Associates, Washington agency,
to handle a specialized news