Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-06
UTILITIES OCCUPY
BIG PLACE IN TRADE
Capital Investment of Ten
Billions Represented in
Power Industry.
By the Associated Press.

American public utilities have at
tanned impressive stature and useful
ness in our business structure despite
the fact they are among the Youngest
members of our industrial family.
The United States Chamber of Com
merce presents facts indicating the
great development of this industry has
come about in the last Is years. During
this period the population of the United
States has increased As per cent. Elec-
trio railway service in the same period
has gained ITO per cent gas service,
200 per cent; telephone service. 1000
per cent and electric light and power
consumption, 1000 per cent.
Taking up specifically the power and
light industry alone, the chamber de-
clares more than 1000 electric light
and power companies, with capital IN
vestment of more than ten billion
dollars, have grown up within the last
rs years years.
More than fifty million horsepower
Is used in the generation of electricity
In the United States. This horsepower
produces 100000, 100000 kilowatt hours,
equal to $50 kilowatt hours per capita
Distribution of Power.
OF this enormous output per cent
goes into the house for domestic service
and an equal amount to electric rail-
ways; per cent goes for lighting stores
and another ! per cent for the electri-
ned steam railroads; SO per cent is con-
surned by the manufacturing industries;
ii per cent for other commercial use,
and 1t takes is per cent of all this en-
ergy to transmit the rest of it to the
consumers.
Each home uses. an average Of more
than 400 kilowatt hours, the equivalent
OF the work Of $50 horses Aside from
lighting purposes, home consumption is
classified as follows: Seventeen million
electric irons; half as many vacuum
cleaners: 100000 washing machines,
fans and coasters; 100000 heaters;
100000 radio receivers on lighting
circuits; 100000 refrigerators, and the
same number of cookers, and nearly a
million electric ranges.
In Trust For Banks.
The treasurer of the United States
at the beginning of the present fiscal
year was holding In trust for national
banks securities to the amount Of S712,-
S24,s00. OF this amount $666.219,75
was to secure circulation with the bal
ance securing deposits of public moneys.
More than two-thirds of the total was
made UP of United States Government
consol Is of 1880, this classification
being responsible for $592, 1858, $50.
Panama Canal Is of 1886 were de-
posted to the extent of $48, 583 900. and
the Canal loan of 1888 was deposited to
the extent Of $25,65s,2 200. Another
major item Is the fourth Liberty loan
of 1888, totaling deposits of $780,
$50.
In the Argentine the continued favor
able weather brought about a more
optimistic outlook, but the seasonal dull
ness of all businesses has been greatly
accentuated by the decline in exports.
The heavy rains are delaying the prep
aration Of the soil for the planting Of
corn, wheat and f1axseed, while the un-
seasonably warm weather has brought
about the premature termination OF
certain other crops already sown and
exposed them to possible frosts which
occur at this time of the year. No
changes for the better is looked for
until the crop future is more clearly de-
fined and the Government has taken
remedial financial action.
with cash wheat selling below 81
per bushel in Canada and a decline in
security quotations resulting from heavy
liquidation during the last week, trade