Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-12-02
CAPITAL BANKERS
NAMED TO ASSIST
IN HOUSING DRIVE
Siddons Appoints Special
Committee to Help Carry
Out Program.
WASHINGTON GAS NET
$162,148 ABOVE 1888
Capital Traction Bonds Lead Sat-
urday Trading on D. c.
Exchange.
BY EDWARD c. STONE.

Frederick P. H. Siddons, president
of The District Bankers Association
yesterday appointed special COM
mittee to cooperate with the Federal
Housing Administration in connection
with Title II of the national housing
act. The new committee includes:
B. L. Cotton, real estate officer, Ma
tional Savings & Trust Co, chair
man; George E. Fleming, vice presi-
dent, Union Trust Co.; Alfred Law
son, vice president and real estate
officer, Washington Loan & Trust Co.:
T. c. Willis, assistant treasurer and
real estate officer, MunSey Trust Co.;
L. P McLachlen, president, McLach-
len Banking Corp: Fred Mckee. vice
president, Security Savings & Com
mercial Bank; William E. Howard.
assistant cashier, National Bank Of
Washington: j. R. Mcmillan, assist
ant vice president. Riggs National
Bank. and William L. Beale, vice
president and real estate officer,
American Security g. Trust Co.
The Housing Administration already
has announced that the following
banking institutions have been ap-
proved to act as mortgages under
American Security g. Trust Co., City
Bank of Washington, Hamilton Ma
tional Bank. McLachlen Banking
Corp, Munsey Trust Co., Riggs Ma
tional Bank and the Security Savings
e. Commercial Bank.
The purpose of this committee is to
give to the members of the local asso-
citation information regarding the
operation of the act and to cooperate
wherever possible in pushing the pro-
gram as outlined by the Federal
Housing Administration.
Gas Companys Net Climbs.
Total net income of the Washing
ton Gas Light Co. for the first 10
months of the present year amounted
to 1921. 992ll. as compared with
S65964333 in the like period year
ago. or a gain of S162,l48.78.
The report filed with the Public
Utilities Commission yesterday showed
operating revenues for the 10 months
of S5,0l6,897.06 in comparison with
S4.667, 1861 in the same period in
1888 Operating expenses totaled S.
5760e071 against SO 6,0777l.
Operating revenues were higher
than last year in spite of the higher
operating expenses, this item standing
at s1.440,80o35 compared with ST.
3911l920. The deductions from gross
were reduced, being S706, 520.78 against
S768, 1902 a year ago
Total net income for October alone
amounted to s43,l140l against $685.
1856 in October. 1888. Both operat-
nd ~
creased in October, as did operating
expenses. Gross income revealed an
increase Of S11,848 over October, 1888.
Bonds Lead d. c. Exchange.
Capital Traction SIS led trading on
the Washington Stock Exchange in
the final session of the week. The
opening sale covered 81 900 transfer
at 9O1., followed by three more $1,000
sales, all at 90 fiat. During the ses-
sion a small sale in Washington Gas
IS, Series B, took place at 1903.
In the stock division, Mergenthaler,
which sold during the week at IS,
after jump of several points, opened
at "a for 10 shares. Later 10 more
shares came out at 33la. The stock
closed the week with 1912 bid and "a
asked.
Potomac Electric Power 512 per
cent preferred stock figured in a
small sale at 112, price unchanged.
Capital Transit stock, in which there
has been so much interest during the
past few days. was not out yesterday.
The weeks final bid was 81 with %
asked
Heads Institute Committee.
Edward M. Blackjack of the Wash
ington Loan & Trust Co. has been
made chairman Of the Entertainment
Committee of Washington Chapter,
American Institute of Banking. which
is planning for the annual Christmas
prom at the Beaver Dam Country
Club Saturday, December %. He is
an institute graduate and has served
on other important committees.
Other committee members are:
Robert NJ Poole and Stephen o.
Porter, Riggs National Bank; j. Ken
nedy Irelan. Washington Loan &
Trust Co.; Crawford Turnbull, Morris
Plan Bank; Katharine McCalmont.
w. B. Hibbs & Co.; Gustave Rott and
Frances Dunn, American Security &
Trust Co.; Laurence Mattingly, Ma
tional Metropolitan; Theresa Be-
habetz, Union Trust Co.; E. A. Gin
ETH, Second National; Francis E. Ro-
hey. Bank of Commerce g. Savings;
Vivian Stokes, Hamilton National;
Tracy Williams. City Bank; George
M. Rowzee, Lincoln National, and
Fred Schreiner, First National, Alex
andria, Va.
An attendance of more than 300
chapter members and friends Is al
ready indicated at the annual party.