Evening star., 1955-05-16
By WILLIAM A. MILLEN

Improved business conditions
and an exchange of three air
planes with the British Overseas
Airways Corp. accounted for an
impressive balance sheet for
Capital Airlines, Inc, during the
first quarter of this year.
Capital exchanged model TAG
Consultations for model 0-49
Consultations, a shorter-range
airplane, officials explained, for
IS, 1000 per plane. In addition,
bu LESS jumped from 152 mil
ur'l passenger miles for the first
quarter of 1854 to 164 million for
the similar 1855 period.
The company earned SO cents
a share, against nothing for the
first quarter of 1854. Operating
revenue for the first quarter was
$1O.508,007 against $9,573, ,088 for
the similar 1854 period. Profit
in 1855 before income taxes was
$456. .142 against deficit in 1854
of $710,940. In 1855. the COM
pany paid $155,000 in Federal
and State income taxes; showed
a 1855 net income of $301,142
against 1854 deficit of $710, $40.
The 1855 number of common
shares was 832,291 against 1954's
789,303.
.WGL Plan Approved
The Public Utilities Commits
sion today approved the Wash
ington Gas Lights application to
issue and sell So million worth
of retunding mortgage bonds,
subject to final approval of price
and coupon rate. The hearing
was adjourned until 2 pm,
May 25.
Controllers Meeting
The Controllers Conference of
the National Association of
Food Chains, 726 Jackson place,
NV, today began a two-day
meeting at the Sheraton Park
Hotel here. Cutting Costs With
Up-To-Date Controllership" is
the theme of the conference.
Edward j. Davis of the Benner
Tea Co. and Frank H. Gibbes, Jr.
of Dixie Home Stores, Inc. head
a committee that made plans
for the conference. NAFC Presi-
dent John A. Logan, Wallace N.
Flint, its secretary, and Board
Chairman Joseph Seitz are TAX
ing a prominent part in the con-
ference, which treasurers, con-
trollers and chief financial Off
GERS of member companies are
attending. Delegates come from |
all parts of the United States |
and Canada.
Larkin Named to Post
Felix E. Larkin, general coun-
sci of the Defense Department
under Secretaries James Forres-
tai, Louis johnson and George c.
Marshall, has been named a vice
president of w. R. Grace & Co.
Recently he had been made head |
of the firms Industrial Relations
Division.
At the same time, the COM
pany announced Russell E.
Marks, Georgetown University |
law graduate. has been ap-
pointed an assistant vice presi-
dent. He formerly was as
sistant director of industrial
relations of the Dawson Chemi-
cal Co.. division Of the company.
He recently was transferred
from Baltimore to New York
to assume executive duties in |
the industrial relations division.
EAL Promotes Selinger
M. A. skip" Selinger has |
been promoted to assistant to
the traffic and sales manager |
for Eastern Air Lines here. Har-
rison Knapp, traffic and sales |
manager, made the announce
ment. Mr., Selinger lives at 2708 |
Thirty sixth street NV.
Dealers to Meet
A. H. Green, business manage
ment manager of Chrysler Divi-
sion, Chrysler Corp, will ex-
plain how his firms expansion
program will affect the future
selling of Washington area
dealers tomorrow. He will speak
at a meeting of $50 Chrysler
dealers of this region at the