Evening star., 1932-10-12
PRODUCTION
GAINS ARE STEADY
North American Co. Official
Calls Attention to Rising
Trend.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
Frank l.. Dame, chairman Of the
board Of the North American Co., OF
which the Potomac Electric Power Co.
and the Washington Railway g. Electric
Co. are affiliated units, reports steady
increase in the output of electricity,
which he considers of wide significance.
Electric output of North American
subsidiaries has shown progressive IN
crease in volume for each week since
Labor day, as compared with a pro-
gressive decrease in volumne during the
corresponding weeks Of last year." he
says while the output for the third
quarter Of 1882 was 1412 per cent less
than for the third quarter Of 1881, the
continuous pickup in volume during
the latter weeks of the quarter indicates
improved industrial activity" Mr.. Dame
said.
For the nine months Of this year the
decline was 10 per cent, while for the IL
months ended September 80. 1882, total
output was 4,465 100000 kilowatt hours.
a decrease of 8l2 per cent from the
corresponding 1881 period
Building Association Elects Officers.
The annual meeting of the sharehold-
sociation was held in the companys S
office, l Thomas circle, yesterday, the
following officers being elected:
William S. Quinter, president; Charles
H Frame, vice president; F. William
Camp, secretary treasurer; Henry Gill;
gan. attorney.
The annual report of the secretary
showed the association to be IN a
f1ourishing condition. Announcement
was made that the association has Just
completed arrangements with the BUILD
ing g. Loan Life Insurance Co, Wheel
ing. w. Va, to write insured savings
shares.
Acacia Reports Marked Gains.
Substantial progress during recent
weeks was reported yesterday oy tne
Acacia Mutual Life Insurance Co. BY
William Montgomery, president.
Acacia registered 35 per cent IN
crease in placed business during the
last 6o-day period, as compared WIZ
the average of corresponding period.
this year.
Furthermore. the Acacia executive
| pointed out that there has oeen al
impressive improvement in the rate o.
lapsation. Is per cent for September
| as compared with August, and l6 PEI
! cent over the average of the preceolnt
| eight months.
Another piece of statistical evidence
! submitted indicating noteworthy pel
terment, is the fact that since June O
this year Acacia has experienced IL
per cent decline in policy loans.
The certificates of first award for th'
most effective sales letters and printed
mailing material has been presented u
the Acacia Co. by the Insurance Al
vertising Conference, it was announced
TODAY. The award was made out OF
large field of entrants at the recent con-
ference in New York. T. M. Rodlun
advertising manager, received the aware
on behalf of Acacia.
Springer to Address Accountants.
Figuring prominently in the natlona
| convention of the American Institute o
| Accountants to be held at Kansas CITY
October II to 20. will be Durand w
Springer of Washington.
Looming out of the avalanche OF tech
nical figures, percentages and systematl'
calculations are two OF the convention
addresses. The first is THE influence
of the depression on the practice OF ac'
countancy," by George 0. May OF New
| York City. The second is compulsory
audit of corporations, election Oh audi
tors by stockholders and statutory GER
tificates" i" bv Frederick B. Andrews, 9
Chicago analyst.
The Institute is a professional society
which lists within its membership more
than 1000 of the nations skilled prac-
ticing accountants.
A. &P. Increases Advertising.
The Great Atlantic g. Pacific Tea Co
has increased its october schedule o.
newspaper advertising to the largest 10
! tai in several years. in connection WIZ
its 73rd anniversary.
The firm also will maintain durlnt
| the remainder of this year the Schedul'
used in 1881, tOtaling more than 50.
10000 The company's general sched
ule of newspaper advertising takes sew
! eral forms. including regular weekly ad
vertising which is carried in more tnal
10000 newspapers, in addition to spe
cial campaigns.
| New State and municipal bond au
thorizations in September by the tax
payers of % communities in II State
totaled SO ,983 ,624 as compared with onl
S2,248829 in August, according TO IN
Daily Bond Buyer. This is the secon'
largest monthly total for the year an,
September totals for previous year
were S4.7O6 900 in 1881. s8,590,000 il
1880 and sS5, ,308,70 in 1929.
Commodity Prices Drop Sharply.
Commodity prices, as measured by tn
weekly wholesale price index OF Tn
National Fertilizer Association. declined
! sharply during the latest week. Tn
general index number dropped from
$40 to 600. This was the larges
weekly decline in the general price in
dex for many months and follows thre
consecutive small weekly losses. Al
though the price index has droppe'
sharply during the latest month, tn
latest index number. 60.9. is still NOR
than one full point higher than tn
record low, 500, reached on June IL
1882.
During the latest week, only min
commodities showed price gains, Will
So showed price losses. This Is Tn
smallest number of commodities to ad
vance and the largest number OF prlc
declines shown in many weeks. Lowe
prices we're noted for wheat, feed stuffs
copper. tin. zinc silver brick, lumber
petroleum, gas, lard, butter, coffee, rub
ber. cotton yarns, silk. -four potatoe!
sugar, pork, and apples Higher price
were noted for eggs, Jute. SODIUM M
trate, hay, finished steel and calfskin!
Cleaned in Financial District.
C. Med. Davis, vice president OF tn
Atlantic Coast Line Railroad, says tina
Improvement in the railroad business
bound to be reflected elsewhere. "A
along the line" he says, there al
many indications that the darKene
| &c
The net loss of telephones in tn
Bell system for September was slight
less than 10000 compared with losse
of 100000 in July and 20l,0 900 in Au
gust. The results in September CON
pared with the previous month ar
better than the seasonal variation.
The Treasury Department reports
decline in currency in circulation dul
ing September of $38,841, $50. Tot;