Changes of the Week

P: President Donold Bradford Lourie, 56, succeeded retiring Chairman John Stuart, 79, as chief executive of Quaker Oats Co. Alabama-born Don Lourie, an All-America quarterback at Princeton (class of '22), joined Quaker Oats at graduation, rose in sales and advertising departments to the presidency in 1947. Named to replace Stuart as chairman in September is his younger brother, former president and vice chairman R. (for Robert) Douglas Stuart, 70, who has served the family-founded Quaker Oats for half a century, recently retired after three years as U.S. Ambassador to Canada.

P: Malcolm Joseph Rogers, 51, onetime page boy, was voted president of the New York Cotton Exchange, world's oldest and largest cotton futures market. Rogers, who still speaks with a Louisiana accent, quit school at 13 to become a page at the New Orleans Cotton Exchange. At Leon Gibert & Co., he moved from office boy to partner, represented the brokerage firm in the New York Cotton Exchange from 1933 to 1935. On his own since then, Rogers spends the full five hours of daily trading sessions on the exchange floor, handling orders in the cotton ring.

P: John Dewey Allen, 58, onetime messenger at the New York Produce Exchange (oils, fats, grain, seed, feed, flour), was elected the exchange's 59th president. As a boy, Allen picked up pin money plucking pickle cucumbers on his native Long Island. Breaking in as a messenger on the exchange floor in 1914, he became floor trader for Munn & Jenkins, shipping brokers, later founded his Allen Shipping Co., worldwide middleman between shipowners and bulk cargo shippers. Allen saw duty in two world wars (from buck private to colonel), directed operations at the port of Antwerp in World War II.

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