Evening star., 1933-07-13
GEORGETOWN GAS
REFLECTS WEAVER
Annual Organization Meeting
Held Yesterday-Pope
Joins Directorate.
BY EDWARD c. STONE.

BY EDWARD c. STONE.
Robert D. Weaver was reelected
president of the Georgetown Gas Light
Co. at the annual organization meeting
of the directors held yesterday. Everett
J. Boothby was elected vice president
and general manager; Marcy L. Sperry,
vice president: Frederick K. Heupel,
secretary and assistant treasurer; Rob-
ert c. Overs, treasurer, A. Gray DaW-
son. assistant treasurer; Edward 7.
Stafford, assistant secretary; Richard
A. Ennis, controller, and Wilton j. Lam
bert attorney.
At the annual meeting Of the stock
holders. held recently, c. H. Pope, vice
president and treasurer of the Munsey
Trust Co, was elected to the board CT
directors, Succeeding George B. Frazer.
resigned Mr.. Pope is also director OF
the Washington Gas Light Co.
Other directors reelected were Admi-
raj Cary T. GraySon. Wilton ]. Lambert,
Marcy L. Sperry, Sidney F. Taliaferro,
Corcoran Thorn and Robert D. Weaver.
This board is now Identical with that of
the Washington Gas Light Co., of which
Marcy L. Sperry is president.
More Jobs in Fifth District
There is definite Improvement in the
number of jobs nov beng filled by COM
mon labor in the fifth district, the Bank
Of Richmond reports Wage increases
and resumption of work in several lines
have been reported during the last few
days, the slate industry showing the
most recent Improvement. Rains have
also helped the agricultural situation in
the district.
In a summary of trade conditions in
the other IL districts, the New York
Times says that industrial output con-
tinueS to gain, retail trade is becoming
more seasonal, commodities are still
going higher and building operations
are improving slowly. Here is the head
line picture:
Trade still active in New York;
moderate decline last week due in part
to holiday
Gains in Other Localities.
philadelphia area gains; textiles
continue to lead while building activity
increases"
"Ne~ England gain wider: textile de-
mand grows and shoe trade is active y
Chicago rise is extended; retail
trade active; building permits jump
sharply"
steel gains continue in Cleveland
area: Pittsburgh pay up
st Louis upturn grows; retail trade
active in Detroit; wholesale houses
busy"
Business on coast gains; prices ris-
ing: construction increasing; steam
ships booked full"
kansas City area active; retail and
wholesale trade held near high June
levels
Northwest trade slows: effect of poor
crop prospects is being felt"
Buying heavy at Atlanta; auto sales
jump; real estate active
Sales in Southwest rise: advance in
nearly all lines Of merchandising
Franklin Awaits Opening Date.
officials of the Franklin National
Bank are still awaiting word frcrn the
Treasury relative to the date on which
they will be permitted to reopen the
bank on a full time schedule.
The officials of the Franklin are
keeping busy complying With all the
regulations so far made ov the Treas
ury and expect to receive ma lnstTuc-
tions at any time which will permit
them to complete plans for reopen!ng
as unit bank, also retaining the pres
ent name.
The required number of depositors'
National was received s.nle time ago.
The depositcrs agreed to accept for 80
per cent of their deposits as of March
IA 1888, participating certificates for
q like amount, to be secured by all as
sets not taken ever hy the reorganlzed
bank, the balance of said deposits TO
be made available for usual banking
transactions. The depcsitors also
agreed to purchase non -aSsessable pre-
ferred stock in an amount equal 70 III
per cent of their deposits. Consent was
obtained from holders OF 10 per cent
of the deposits in the bank.
Oficials said today that they were
positive they will be able to reopen the
bank in the near future. Any bank
can be reopened in IS days after being
granted a permit by the Treasury. The
detail involved, however, often requires
more than two weeks.
Today's Trading on Exchange.
Washington Gas Light SIS, 1858. fig
ured in two 81 900 sales on the WASH
ington Stock Exchange today, at 81
Potomac Electric Power per cent pre-
ferred stock appeared on the board in
small sales at the strong price OF ll2,
IN | point from the last previous
transfer.
AZ the weekly luncheon of members
OF the District Bankers Association
much interest was shown in the eX-
pected coming of two big bank conven-
tions next year-the American Bankers
Association and the American Institute
of Banking Both these big gatherings
will mean much to Washington.
Word has been received from Maurice
Otterback. chairman of the Board of
the Anacostia Bank stating that he is
now in Paris. He reported fine ocean
voyage.
Treasury Asks for Bill Bids.
The Treasury has asked tenders on
S75. 900 in 91-day bills, to be sold
on a discount basis.
Tenders will be received at Federal
Reserve banks, or branches, up to 2
pm, Eastern standard time, Monday,
July II.
The bills will be dated as of July 10
and will mature october 18. They will
be issued in bearer form only and in
amounts of $1,000. $4,000, 100000,
S5OOO0O and Sl,00o,000 maturity
value).
The issue will be used to meet matur-
ing obligations of s75,18S,oO0 due
July 10.
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