Evening star., 1924-09-27
BETTER EARNINGS
BY GAS COMPANY
Gain of $4,000 Over Last
August Reported-Bankers
to Attend Convention.
BY CHARLES p. SHAEFFER

F1h
The Washington Gas Light Com
pany operated at a net income of
$9,603 during August. 1924, an amount
approximately $4,000 better than for
the corresponding month of last wear.
when deficit of s6,OS1.75 was re-
ported
operating expenses OF the utility
amounted to only s2o3,29 last month.
which represented d pairing of ap-
proximately $4,000 over the same
month of last year Therein lies the
main contributing factor to the bet
ter showing as between the two
months.
Total deductions from gross cor
consisting mainly of interest on bond
ed Indebtedness.
Bank Directors Reelected.
The existing directorate Of tho
Bank of Commerce and Savings was
reelected in its entirety for the
insuing year at a recent meeting of
stockholders. Directors will meet
ana organize next Friday, October 3,
but no changes are contemplated.
In statement to stockholders
John M. Riordon, cashier of the in
sttution, reported deposits now at
the peak. aegregating slightly more
than sl,520,000. Prospects are the
brightest in the history of the in
stitution. he said
Directors chosen for the wear fol-
low: Maurice D. Rosenberg, Joseph
ID. Sanders, William A. Bennett.
irving owings. Joseph II. Milans. D1
clarence A. Weaver, Alexander Wolf,
John NJ Riordon. r. P Andrews,
Louis Bush, A. Brylawski. Floyd f.
Davis. r. L. Elliott, Ellie Sheetz. G.
r Edwards, A S. Galley, G.. A
kneesi, II. A. Leese, Harry Z. Mayer
and J. f. Maury.
Road Given Bond Rights
The New York Central lines today
were authorized by the Interstate
Commerce Commission to assume OBJ
llgation and liability in respect OF
SZO,955,00O of equipment trust GER
tlhcates to be issued by the Guaranty
Trust Company of New York. to be
solo at an average price of not less
than 9o.S9 per cent of par The pro-
ceeds will be used in the purchase of
new rolling stock
Bankers to Attend Convention.
Several officials and others han
ding publicity for various banks and
trust companies will attend the
Financial Advertisers Association
convention to be held in Richmond.
Va. October II to Is.
A meeting of this department Of
the Associated Advertising Clubs of
the World was held at the recent con-
Ventlon in London. Decision was
reached to hold a separate convention
this Fail and it was upon the invita-
ton OF r. +. Holtze. third vice presi-
dent of the association and an official
OF the Planters National Bank of
Richmond. that that city was selected
A very excellent program is being ar
ranged by the committee of which r
Il. Wright, manager commercial
service department. First Wisconsin,
National Bank, Milwaukee, Wis, is
chairman.
Among those in this city who are
making arrangements to attend are
John Poole, president of the Federal
American National Bank: L H. Thom-
son, publicity director Washington
Loan and Trust Company: b. Ashby
LeaVen, assistant trust officer Mer-
chants Bank and Trust Company:
Frank Rice, Lincoln National Bank,
and Frederick P. H. Siddons, assistant
secretary, American Security and
Trust Company
A. c. Flather of John l.. Edwards
& Co. is one of the directors of the
association, but will be unable to at
tend.