Evening star., 1955-05-20

spect coop stores in Wheaton
and Takoma Park, followed by a
meeting at which Mr.. Carlson will
speak on Accounting and Con-
trolls" Samuel Ashelman. gen.
eral manager Of the Greenbelt
Coop, will lead a discussion on
expansion of cooperative dis
tribution.
William H. Petri, general man
ager Of Rochdale Cooperative
Services and of the Rochdale Co
operative of Virginia. is chairman
of the conference.
Arrearages to Be Cut
AS approved by directors last
January. National Mortgage and
Investment Corp. will pay out
Al cents a share on dividend ar
rearageS June is to stockholders
Of record May 26.
The payment will amount to
about half of total arrearages
amounting to 1888 cents a
share. The other half is to be
paid December Is.
President Joseph B. Schaaff
reported today that earnings
are running ahead of a year ago
and that the "Park-and-Shop"
plan had increased use of the
company's parking facilities.
Applications Received
Applications now are being
received for scholarships under
a program sponsored jointly by
Giant Food Stores and American
University.
The programs purpose is to
bring college graduates in busi-
ness administration into the
Giant organization as a course
for future top management per-
sonnel.
Giant made a survey indicat-
ing that most college seniors
are being offered salaries Of
$2,700 to $4,000 for their first
years work after graduation.
Under the Giant program,
scholarship students will be Of
fered salaries of $5,720 a year
following two years of training
and will receive from $1,000 to
more than $4,000 If they make
good.
Supports Sales Program
Philip M. Talbot, president of
the National Retail Dry Goods
Association and senior vice pres
ident of Woodward & Lothrop,
has firmly endorsed the Nation
wide. program of the American
Newspaper Publishers Associa-
tion's Bureau of Advertising to
dramatic the summer months
as a period of enormous poten-
tial for retail sales.
In a statement released today,
Mr.. Talbot said, I'VE retailers
have every opportunity to make
this the biggest summer in re-
failing history.
THE experience of scores of
merchants last year In exploding
the myth of an inevitable sum-
mer slump has pointed the way.
The number of people employed
and average annual income for
families continue at peak levels.
This year our customers will
have additional millions of dol
lars to spend during June, July
and August in Americas retail
stores"
Offers Securities Course
Thomas Trevvett, analyst with
the New York Stock Exchange
firm of Auchincloss, Parker and
Redpath, will offer a seven
weeks summer course on In
vestments in Stocks and Bonds"
at the YWCA from 7-8 pm. on
Mondays. beginning June 6.
His lectures will cover the
stock market, financial terms,
and investment principles and
procedures.
Quality Awards Presented
The District Life Underwriters
Association yesterday presented
quality awards to lat members
at a luncheon at Hotel Willard.
-Four members received the
awards for the IL years. They
included: George A. Hatzes,
Charles F. Leef, T. Loehl
O'Brien and Frank S. Resh.
Appointed by Bendix
Ralph A. Lamb, formerly head
of the missile division of the Bu-
reau of Standards. has been ap-
pointed head of the special mis-
sile development activities of
Bendix Aviation Corp.
E. T. Fittinger. industrial sales
representative for Libbey Owens
Ford here for several years, has
been shifted to distributor sales
and given the added responsible
ity of the Baltimore area.