Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-30

show a marked increase during the
next eight months to make the figures
equal or pass the 1929 record.
Comparison of bank clearings for the
FIRST four months of this year with the
corresponding four months of 1923
follows:
Month. 1890. 1929
h Marih i lIs5sssss isssSSS5S
Total ........... s446,9l4, 825 $500, 1873 81
The above tabulation presents an in
teresting picture of business conditions
IN Washington so far in 1880. At the
beginning of the year 1t was predicted
that business would start of slowly and
show steady improvement. here and
all over the country, later in the year.
Latest predictions are that May, June
and July ought to see better trade con.
ditions. Hot weather is now considered
the greatest need to business better
Hent.
North American Output Gains.
Electric output of the North American
Co.'S subsidiaries for the IL months
ended March 81, was approximately
$4,000, 900 XVIII, an increase OF ABOUT
81 per cent over the output OF the
AAASAAN~~~
ended March 81, 1929.
Encouraging indications appear In
recent electric output figures" said
Frank L. Dame, president Of the COM
pany. --latest returns show an increase
of 834 per cent in the output Of North
American subsidiaries for the first three
weeks of April, compared with their
output for the corresponding weeks Of
1929.
"Output for the first quarter of 1880
was 1,645 100000 XVIII, an increase OF
az per cent over. the first quarter of
1929. The rate of gain during January
and February was low, but the March
output of $50 000, 900 XVIII. was So per
cent ahead Of the same month last year,
with greater Improvement so far in the
second quarter"
Natural Gas Reports Revived.
Reports have been revived regarding
the plan of the Columbia Gas & Elec-
trio Co. to bring natural gas to Fred
erick, Md, Baltimore and washington.
The supply is in West Virginia and the
proposed plans would bring the product
to many points on the Eastern seaboard.
The company already has right of way
along the boundary line between Mary
land and Pennsylvania.
It Is understood that If natural gas Is
brought to Washington at some time in
the next few years, an effort will be
made to sell the product to the Wash
ington Gas Light Co. for distribution
through that company's already existing
mains. So far as can be learned, how
ever, no direct negotiations with the
local company have yet been started.
Several local f1nanciers are firm In the
belief that this city will have natural
gas.
Lanston Again Sells at 125.
Sixty shares of Lanston Monotype
sold at 125 on the Washington Stock
Exchange today. the last previous sale
being 121. Thirty-five shares of Mer-
genthaler sold at 107h, Capital Trac-
ton sold at 76la and 76 and Wash
1ngton Railway & Electric preferred at
e8h.
Potomac Electric Power 51s per cent
preferred came out at 108A, and the
8 per cent issues registered 112A. Three
bank stocks appeared on the board. Ten
shares of Continental Trust Co. sold
at 127 and ten more at 125. Four shares
of Riggs National sold at $50 and four
shares of Security Savings g. CONNER
cial changed hands at 476. Bond trad
ing was light at recent levels.
Miller Joins Goulden & Co.
Floyd r. Miller, who has been with
Crane, Paris & Co. since 1922, becomes
associated with A. S. Goulden & Co.,
investment bankers, in the woodward
Building, tomorrow, according to an
nouncement made by the firm today.
Mr.. Miller has been active in the local
financial district for a long time. hav-
ing first represented William r. Comp
ton & Co., New York investment
bankers, for three years before taking
the position he Is now leaving. He
will have charge Of the stock and bond
end of the business.
Heard i'm Financial District.
One thousand representatives from
the 900 mutual savings banks of the
United States are expected to attend
the tenth annual convention Of the
National Association OF Mutual Saw
ings Banks, to be held in the Tray
more Hotel, Atlantic City, on May IA,
is and Is. They will discuss ways and
means of increasing the effectiveness of
their institutions for the 12,250, 900 de-
positors who have intrusted So, 900 ,000,-
900 to their care.
Authorization to issue $4,000 900 OF
equipment trust certificates to be sold
at 99.355 on par and accrued interest
to provide part of the purchase price
of equipment costing 100000 is
sought by the Southern Pacific Co. In
an application to the Interstate Com
merce Commission.
Washington Chapter, A. I. B., is plan
ming Spring party to be held at the
Columbia Country Club on May 81, Miss
Mildred c. Woodcock Of the American
Security &, Trust Co., being chairman
of the committee of arrangements.
Safe and sound banking under pres
ent-day conditions is the aim Of all dis
cussions Of group and. branch banking
Controller Pole told the Chamber OF