Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-09-09

.
period.
Net profit in the period reached
$6,615,971. compared with So
1872, 1872 year earlier. After pre-
ferred dividends, earnings APP
plicable to com mon stock
amounted to $5,935,310 or S1.76
a share VS.. $5.257,36 or $1.83 a
year earlier. The company had
2.0l6 stores in operation, COM
pared with 2,065 year earlier.
Competition Is Keener
Competition in the retail food
business is becoming keener and
many competitors are resorting
to the use Of trading stamps and
other give-away devices in an eff
fort to maintain satisfactory
sales volume" Mr.. Warren told
stockholders.
your management believes
that your company's long stand
ing policy of competitive prices,
item by item, and town by town,
and the progress made in the
construction and modernization
of it's facilities, place it in a ia
vorable position to meet any
competitive developments"
The company has division
headquarters here. with Edgar
Balshaw in charge. Washington
Division includes 1873 stores, Of
which 40 are in the immediate
metropolitan area.
Reports Progress at ETC
Chairman Edward F. Howrey
of the Federal Trade Commits
sion today said his agency has
returned to first principles" in
the Is months since he took
Office.
In talk before directors of
the National Sales Executives at
Hotel Statler, he said the COM
pliance and enforcement pro-
gram had been strengthened. a
full-fedged attack made on de-
lay and progress made in elimi-.
mating overlap and duplication
of activity.
Tornado Films to Be Seen
Two insurance industry-pro-
duced documentary films on re-
cent tornado disasters and the
rehabilitation and claims adj
justment work accomplished by
the industry in their wakes will
be shown tomorrow at lunch
con of the District Association
of Insurance Agents at the May
flower Hotel.
Agency Supervisor Named
John A. Upton of Bethesda
has been appointed agency super
visor of the j. Hicks Baldwin
Agency of the New England Mu-
tual. effective Immediately.
Mr.. Upton, Amherst College
graduate, succeeds William v.
Courtney. who left the Baldwin
Agency to become manager of
the New England Mutual's West
Virginia Agency.
Mail Advertising Clinic
The Washington Advertising
Club will establish a direct mail
advertising clinic, the first ses-
sion of which will be noon
luncheon devoted to Meet Your
Postmaster" at the Burlington
Hotel on September %.
Postmasters and other postal
officials of this area have been
invited to take part in the pro-
gram, it was announced by
Stuart Armstrong, club presi-
dent.
Named to Chamber Unit
Three Washington men have
been appointed to the Govern
ment Expenditures Committee of
the United States Chamber of
Commerce, which Is headed by
Russell c. Harrington of Provi-
dence r. I.
They are: Rear Admiral Fred
erick j. Bell, executive vice
president, National Automobile
Dealers Association; Miles L.
Colean, construction consultant:
Linton M. Collins, member of
the law firm of Bingham. Collins,
Porter 81 Kistler.
Defense Manual Out
The American Iron a. Steel
Institute is distributing it's new
Industrial Defense Planning
Manual, which outlines an over
all plan for protection of indus
try and business in the event of
an A or H bomb attack.
Spencer B. Meredith of Ferris
e. Co. has compiled an interest
ing study of Central of Georgia
Railway. Burton, Dana g. Co.
has issued review of Ferro Corp.