Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-25
GAS EARNINGS GAIN
ON HEAVY DEMAND
savings Conference Dates
Announced-Santa Claus
Visits Local Banks.
By EDWARD c. STONE.

1ukht 20. sre deeply interested in the
annual review Of the sas industry by
oscar II. Fogg. president Of the Amer
lean Gas Association, who says in
part:
preliminary estimates of sales for
AS2' reveal an increase Of 10000
co",ooo cubic feet over the record
ing total register for 1926. The csti-
mated 1927 figure is As .oo0 000 900
cubic feet, a new high record proper
tioned as follows; SSi .000, 200, 600 cubic
Ieet for household purposes, lS5,o0o,-
oVe,0oo cubic feet for industrial and
commercial uses and 6,000 ,ue0 goo cubic
rect Tor miscellaneous purposes.
Again. the use Of gas for CONNER
ciai and industrial heating applications
continues To show phenomenal growth.
the amount consumed III 1927 repre-
sshonE 2S.4 per cent OF the total sales
OF gas for all purposes. or an increase
OF 5000, 00o, 200 cubic feet. Manufac-
aureo gas companies now serve H. 00.-
o"o customers. representing an in
crease OF $4,000 over 1926. Miles Of
main total $1,000, invested capital
S-''ee,00o.o00, and gross operating rev.
ehue. So2p,oo0.oeo, an increase of $20,-
oUo 600 over 1926.
The manufactured Gas industry has
not reported a decrease in annual sales
or annual gross revenue in the last Il
years. Sales have increased So per
cent IN - years. while the population
OF the country has increased only so
per cent
Bankers TO Meet i'm Richmond
The regional savings conference of
the American Bankers Association
covering the Southeastern States will
take place in Richmond on April 5
ana s, according 10 announcement by
George l.. Woodward, president Of the
oiVision, made yesterday. This con-
ference was held in Washington last
year. In the past these conferences
nave always been attended by sew
eraI hundred bankers. with a tendency
10 increase in numbers with the
spread of savings banking activities
through all classes of banks. 1t is
estimated that SIS per cent Of all
banks, including commercial banks
and trust companies, now have saw
ings departments.
among the topics which will he dis
cussed at the conference are: Meth.
ods OF stimulating new and charging
oio savings accounts, means for in
creaslng the perTnanence Of savings
accounts after they are opened, the
development OF investment services By
savings banks, the advantages of saw
ings accounts overtime certificates of
deposit. the possibilities of profit in
the bond investment account, the de-
sirability Of increasing the list of
legal investments for mutual savings
banks. the development of uniform
practice in regard TO tornado in
mortgages held by savings banks, and
the rapid development of savings de-
partments in commercial banks.
Savings Accounts SEQ Per Capita.
The American Bankers Association
reports an increase in savings bank
deposits Of 1888 $4,000 during the
last fiscal year.
The increase brings the per capita
savings bank account OF every man,
woman and child up TO S220.
A rough estimate of the ready cash
available IN the case OF death is Sc
cured when 10 the 500 savings ac-
count fund is added the $657 per
capita life insurance account.
The two figures give q total OF SS77.
and II is probable that this figure
comes close TO representing the free
cash available in the average estate.
Lincoln Bank Insures Employees.
The Lincoln National Bank has ar
ranged with one Of the large life in.
surance companies to insure all the
hanks employees under one OF the
popular group plans, Floyd +. Davis,
the president, announced yesterday
Notices were sent TO ali members Of
the staff along with the seasons
greetings.
On Friday the Lincoln also paid a
Christmas bonus OF per cent OF the
past years salaries TO all employees.
Financial District Notes.
Victor u. Deyber, president Of the
Second National Bank. played Santa
Claus yesterday morning Just before
the bank opened for business, giving
his gtaff some surprise gifts in add
ton 10 the usual bonus
The National Metropolitan Bank had
q Christmas party after the doors had
closed yesterday. The affair was one
OF the most enjoyable Of these annual
events.
The American Security g. Trust co.
also had special Christmas festivities
yesterday morning. Everybody at
tended but the window men who were
un!ucky enough ~ be obliged 70 re-
20 get a little more money 10 spend
on presents.
Pracf icaily every bank in The city
had some kind ~ a celebration for
the employees. And IL is safe SO ray
that this years decorations were the
most attractive on record.
Check Payments Above 1926.
Business during She week ended De.
gf..s. SsE L.
rayr1ents. although smaller than in
The previous week, Wa higher than
during the corresponding week ~ 1876.
according 10 the weekly statement Of
ire Department ~ Commerce.
A moderate eXcesE ~ declines in
Dru'g list a wholesale quotations last
week WIS followed this week by
small surplus of advances. The latter
numbered Is and the reductions total
81 "a which indicates that cpnsIdera BILE
steb,lsty Still exists. 4 year ago. in.
ereases slightly oUtnulnbered recess,
.aoss, In the present situation. the
rss, sta rding ff7s tUfe IS the phenomenal
strength u hide prices
, National Capital Bank Dividends.
The National Capital Banks board
~ directors have declared We tRu!ag
.stntzunuaI 8 per cent dividend and
IN EXTRA dividend u Z per cent. Both
as Dsys bic on ltefffsDeT 81
vice President frank w. stone ~
,ns National Savings & Trust ~. Is
nssging the double holiday in New
York. ..n txt, - 49,
SHANGHAI Institutions viii bs caoseG 10.
morrow
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M.rLefs at a Glance