Evening star., 1955-02-20

tngton.
However, 1t was learned that
the company schedule for OPEN
ing seven restaurants on the
New York Thruway has been de-
layed. Snackbars are being
opened on the sites but the res
taurants probably will not bs
completed until 1856.
Tempting for Stockholders
Some holders of the $3.50
cumulative convertible preferred
stock of the Washington Gas
Light Co. will be tempted to
exercise their rights to convert
their shares into common stock
and benefit from the proposed
new stock offering.
Each $3.50 preferred share
is convertible into 3.45 common
shares. To illustrate: A holder
Of 20 shares now receives 500
in dividends a year. but can
convert into SO shares of COM
mon stock with dividends Of
$138 q year.
AS a result Of the proposed
common stock offering common
stockholders also will receive
valuable rights to subscribe to
one new snare for each eight
held on March Z at a price
somewhat below the market.
Pepsi Shares Move Up
Shares Of Pepsi-Cola Bottling
Co. Of Washington were quoted
on the over-the-counter market
at 414 bid and 514 asked this
week end, compared with 27s bid
and 3ss asked just a week ago.
At the company's annual meet
ing here Tuesday. President
James Carkner predicted a plow.
ing back Of earnings alla II
would improve the
firms competitive position great
ly this year.
When Mr.. Carkner. also board
Of the Pepsi-Cola Co,
control of the Wash.
ington company last August, the
-hares were quoted at / bid and
Ia asked and it was reported
that 6 to 8 months earlier they
had sold as low as so ceY1ta n
share.
Speaker for Ad Clinic
George v. Rumage, managing
director Of the Direct Mail Ad-
vertising Association of New
York. will address the Direct
Mail Clinic of the Washington
Advertising Club at a luncheon
Thursday noon at the Hamilton
Hotel. ..,
Mr.. Rumage will present film
illustrating the various jobs that
direct-mail advertising can do.
Larry Brettner, promotion
manager of American Aviation
Publications and director of the
will preside.
Leads All Distributors
Wilson Supply Co., Inc. dis.
tributors for Chrysler Airtemp
Division of Chrysler Corp. in this
area, led all distributors for the
division in the last quarter of
1854 as well as for the entire
year. 1t was announced by George
Webster, treasurer and general
manager.
Last years sales exceeded 81
million and sales so far in 1855
are SO per cent above 1854, Mr.,
Webster disclosed.
Registrations Are Heavy
Advance registrations indicate
Of around 500 for
The first Estate Planners Day
tomorrow at Hotel Statler.
Jointly sponsored by the
Washington Life Insurance and
Trust Council and Washington
Chapter. Chartered Life Under
the a1l-day event will 70
Into all phases Of estate plan.
ming. but will emphazise changes
necessitated by the new 1854
tax law.
New OIdsmobiIe Dealer
Suburban Cadillac Co. an
nounces its appointment by Gen.
eral Motors Corp. as new and
exclusive Oldsmobils dealer In
Bethesda, effective immedi-
ately.
In o telegram TO Floyd d.
Akers, J. B. Hayman, IT, Olds-
mobile Division zone manages.
said:
Your new modern salemocuns
and service facilities are Q
worthy addition to Oldsmobdls's
national dealer organization"
Deboters Defect Richmond
A debate team Of Warrington
Chapter, American Institute Of
defeated q team from
Chapter here Friday
hight on the subject Of the Pres
dents foreign economic policy.
The Washington team in
.luded William c. Vowel. assist
int cashier of the National Bank
# Washington, and Miss Mar
on Tobin Of the Riggs National
Sank. William H. Smith Of Riggs
vas alternate. Harry Schoenly
i Riggs presided.
The victory over Richmond
the end Of the season.
The Washington Chapter also
lefeated Pittsburgh, but lost TO
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