Evening star., 1938-09-21
Gas Sales in M.C.F.+
Meters in Service.
Thousand cubic feet
New Issue Is Delayed.

New Issue is delayed.
The s34,000C0O issue of Michigan
Consolidated Gas Co. per cent bonds
Of 1868 and an $8,000,000 note offering
of 4 per cent serial notes for the same
company probably will come onto the
market early next week.
A delaying amendment has been
filed with the S. E. c. providing that
the registration can become effective
within 48 hours upon request OF the
company. 1t is unlikely that the
company will make such request
until the first of next week.
The registration was scheduled to
become effective last midnight with
Offering expected today or tomorrow.
Dividends Are Ordered.
Directors of Woodward g. Lothrop
yesterday declared the regular quar-
terly dividend of so cents share on
the common stock They also de-
tlared the quarterly payment of SITS
q share on the preferred stock Both
dividends are payable September 20
to stockholders of record Septem-
ber %.
A quarterly dividend of 2 per cent,
payable October 10, 1888, to stockhold-
ers of the American Security & Trust
Co. of record at the close of business
September 30, 1888, was declared at
the regular monthly meeting of the
board of directors yesterday.
Washington Gas Light IS were
quoted at 1862, unchanged from the
last previous sale in $1,000 trans
action on the Washington Stock Ex-
change this morning. After the call,
five preferred shares of the same COM
pany moved at 1894, up "a of point
from the last sale.
Advice on Machines.
Because several hundred million
dollars worth of Office machines and
equipment are sold every year and
most modern Offices have consider
able investment in mechanical equip
ment, the selection Of these machines
deserves the most careful considera-
ton of Office managers, declared r. w.
Starreveld, president of International
Office Machines Research Corp, last
night before the Washington Chapter.
National Association of Cost Ac-
Countants.
The selection of Office machines and
equipment in most instances means a
decision. the effect of which influences
not only the operating expense, but
also the results to be obtained for
number of years. Reliable up-to-date
information nowadays is so essential
that poor accounting methods and
equipment are bound to impair
profits"
Named to Committee.
Clarence E. Kefauver secretary of
the Columbia Building Association
and Arthur G. Bishop, president of
the Perpetual Building Association
have been named as the two Washing
ton members of joint committee to
work with the American Bankers Asso-
citation, Savings Bank Division.
The selection took place yesterday
at the regular meeting of the Executive
Council Of the District of Columbia
Building and Loan League at the
Raleigh Hotel. The work of this group
which comprises equal membership
between building and loan associations,
commercial and mutual savings banks
is to iron out some of the difficult
competitive problems that constantly
arise and which require specialized
consideration
F. Wilson Camp, secretary of the
league reported that members showed
a gain in assets of nearly $4,000, 900
between January and August 81,
climbing to total of $125,422,965.
Members made 720 loans on real
estate last month, totaling $2.773, ,724.
New accounts opened in August, de-
spite limits on individual monthly de-
ppsits, numbered 1920, making a net
gain of ATS new savings members
so far this year.
Financial District Notes.
Herbert w. Primm, assistant real
officer of the Washington Loan g. Trust
Co., has returned from motor trip
to visit relatives in Indiana. making a
short stay in New York on his way
home.