Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-13
GAS CONSUMP ton
INCREASES IN D. C.
Head of Washington Com
pany Reports Steady Gain
Has Continued Since Ian. |.
BY EDWARD c. STONE.

Consumption OF gas in Washington
during 1880 showed huge increase
over the amount of gas consumed here
in 1929. Frank A. Woodhead, vice
president of the Washington Gas Light
Co. announced today.
In actual figures the volume OF gas
produced in 1880 measured 6,646, 397,-
600 cubic feet. In 1929 the figure was
6,387,418,000 cubic feet, or 258,979, 900
cubic feet below the 1880 registering.
A steady gain also was shown in the
first 10 days of the new year, with the
consumption up to date registering 256-
$4,000 cubic feet, or 81 per cent higher
than the same period of 1929. For
daily production the average has been
25,618000 cubic feet. as compared with
: 18,708,000 cubic feet for 1890
Vice President Woodhead also an
nounces that the gas light company
wishes to increase its capital stock in
: the near future The company has not
added to the capitalization in "a years.
The officials consider that the company
should have additional stock, explaining
that the present bond structure is al
! most "topheavy" The new stock would
be distributed among customers so far
: as possible, all the utility companies
having become great believers in the
customer ownership idea.
Permission for the authorization Of
an increase in stock is before Congress
+. in connection with the bill asking for
the right to merge the Washington,
i Georgetown and RoSslyn gas companies.
As Mr. White Looks at 1881.
George w. White, president of the
National Metropolitan Bank, has this to
say in the Bankers Association Bulletin
: about the outlook for 1881
with the advent of 1881, I believe
that confidence has been restored to
there will be a gradual though very
gradual rise in business and that
: profits will result therefrom. It is to be
= hoped that the eventful sure return to
prosperity will be slow, as that will make
it more sound. The nearer we can get
to the supply equaling the demand, or
vice-versa, the better for the country
and every one. If each one will do his
share toward helping the present and
not keeping his eyes focused too far in
the future for sudden and easy profits
: then prosperity will surely return"
In the same issue President Corcoran
Thorn of the American Security & Trust
Co, President F. Ct. Addison of the
Security Savings & Commercial. PreSi-
dent John Poole of the Federal-Ameri
can and President Robert v. Fleming
of Riggs, express confidence that there
viii be steady improvement during the
year.
Building Association Elects.
Closing its thirty-ninth business year
successfully, the Mutual Building As
sociation reelected the following officers
and directors last night: Thomas P.
Brown president; Joseph F.. MarSden,
F. vice president; Thomas e. Petty, secre-
tary; j. Walter Stephenson, treasurer;
/. Joseph Dant. Joseph P. Burke, Joseph
T. Fitzgerald, Max Kohner, William T.
/. Finn, Percy c. Brady, Sheehy & Sheehy
were renamed attorneys.
The organization was started in
South Washington to aid people with
funds for buying homes. It has made
fine record.
Bank Stocks Quite Active.
American Security & Trust Co. stock
sold at $50 on the Washington Stock
Exchange today. Riggs National came
out at 400 and National Bank of Wash
( ington registered 225.
Capital Traction opened at 43 and
closed of Ia, on very light turnover.
!. Potomac Electric Power 5 Y per cent
preferred stock moved up to 1924.
Mergenthaler opened at 81 and closed
at 8634 on a 40 share turnover.
Potomac Electric 6s came cut at 108,
Washington Railway & Electric As at
S712 and there were several small sales
in Washington Gas Light IS, series A,
at 102.
Committee Is Completed.
Frederick P. H Siddons, chairman
General Convention Committee of
District of Columbia Bankers Associa-
ton, today announced the following
members Of Sports Committee for the
convention to be held at Hot Springs,
in addition to H. G.. Hoskinson, chair
man. vice president of the Riggs
National Bank and B. A. Bowles, as
vice chairman, vice president, Potomac
Savings Bank.
Clyde B. Asher, Liberty National
Bank; Ralph P. Barnard. District Ma
tional Bank; Ezra Gould, Washington
Mechanics Savings Bank; Bynum E.
Hinton, Chevy Chase Savings Bank;
Herbert T. Shannon, National Metro
politan Bank, and Robert S. Stunz,
Park Savings Bank.
Financial District Notes.
Directors of the Lanston Monotype
Co. have declared the usual extra divi-
dend OF Is cents per share, and the
regular quarterly dividend OF Sl.75 a
share, both payable February %, to
stock of record February 49,
An interesting formal dinner viii be
given in the palm room of the Shore
ham Hotel, tomorrow evening, at z
O'Clock, by the Life Insurance Club of
Washington. Members of the club
include.
Philip L. Baldwin. Dan j. Harrison,
George p. Farquhar, Howard j. Jack
son, John P. Lynch, James A. Maloney,
Lauranee H. Riggles, Frank D. Roach,
Russell Shelk. Graham E. Wilson, L. j.
Myers, NJ. I. Walter, Alton @. Grim
nell, Charles S. Sinclair, @. Lea
Stabler, Guy Withers, Larry V. Lamp
son, j. z. McCombs, Herbert Barlow,
Frank E. Amick Paul w Hammack,
j. Mitchell Owens, r. Clyde Smith,
Roger NJ. Mccullough. Paul H. Primm
and Raymond V. Simpler
Five new directors were elected at the
annual meeting of the Lincoln National
Bank today, this being the largest num-
Der of new members elected by stock
holders at any of today's annual meet
ings The list of new and old directors
appears elsewhere ii today'S Star
Bank elearings in Washington last
week totaled S3l ,S45 600, compared with
SCI, i47, 600 the previous week and an
increase of 25 per cent over the cor
responding week year ago.
MEtA OEntInIrtFN