Business: Personnel: Jul. 11, 1932

Last week the following were news:

Thomas Wesley Martin resigned as president of Morgan-sponsored Commonwealth & Southern Corp., big utility holding company (assets: $1,155,760,000), to return to C. & S.'s operating subsidiary, Alabama Power Co., of which he has been president since 1920. Known as both an operating and financial man, Board Chairman Bernard C. Cobb will take over President Martin's office.

Lloyd C. Stearman, 33, plane designer, founder and onetime president of United Aircraft & Transport's subsidiary, Stearman Aircraft Co., was made president...

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