Evening star. [volume] (Washington, D.C.) 1854-1972, 1941-06-02

Mariner S. Eecles. Eccles, chairman
of the Federal Reserve Board, will
be introduced at this session.
D. j. Needham, general counsel of
the American Bankers Association,
with Offices in the Washington
Building, will be another special
guest at the convention. Frank j.
Hogan, general counsel of the Dis
trict Bankers Association, will also
be present this year as a guest.
Saturdays session will be opened
by John A. Reilly. second vice presi-
dent. Edward M. Blackjack, retir-
ing president of Washington Chap
ter, American Institute of Banking,
will sum up the years work
James F. Bridges, Riggs National.
will read the essay which won first
prize in the recent contest for bank
ing students. The subject is Bank
i1lg's Role in National Defense"
Holland Slated for President.
Saturdays session also includes
election of officers to represent the
District association in the A. B. A.
The term of Wilmer J. Waller as
member of the A. B. A. Executive
Council expires this year and his
successor will be named. Ord Pres
ton, president of the Union Trust
Co., will preside at this meeting.
The climax of the convention will
be the annual election of officers
T. Stanley Holland, American Secur-
ity & Trust Co., is slated to move
up to the presidency.
The family dinner" is set for
Saturday evening. The usual golf
tournaments have been arranged
and many social events planned.
The general chairman of the con-
vention is Sidney F. Taliaferro, who
has been assisted by some very active
special committees.
Washington Gas April Net Up.
The monthly report of the Wash
ington Gas Light Co., filed with the
Public Utilities Commission today,
shows operating revenues of S912,078
for April 1941, compared with $891,-
268 last year, an increase of $20,810.
Operating expenses, including de-
probation and taxes, amounted to
S658,064, an increase of S16,044 over
April, 1910.
Incorporating income increased
S17,115 to a total of S39095, and
income deductions show a saving of
$1,575 for the month. The result
of operations for April was a net
income of 1927 ,166. a gain of $23, 456
over last year, despite much higher
taxes.
The company's net income for the
first four months of this year was
$982,005, compared with S992,851 for
the same period in 1910, a decrease
of S10,846. The increase in taxes
for this period amounted to ap-
proXimately SIPS, 900.
The report shows gas sales of l.
400,755 M cubic feet for the month,
compared with 1,352,783 M cubic
feet for April last year. There were
169.609 meters in service in the
District of Columbia on April 80,
1941, 6 per cent increase over
last year
The company expended approXi-
mately 1854, 900 in April and S424O00
IN the first four months of this
year for extensions to its property
In Washington.
Home Loans on Increase.
Home loans in Maryland in April
made by insured building and loan
associations in that State totaled
504 and amounted to S2,18O,473, COM
pared with 478 loans, amounting to
s1,451, 843, in April, 1910, the Federal
Home Loan Bank reports.
Home loans in Virginia made by
building and loan associations to-
tailed 4l8 and amounted to ST ,065 ,143,
compared with 1913 loans, amounting
TO s943,940, in April, 1910, the same
review says.
Department store sales in Wash
ington from January l through May
"a were 20 per cent ahead of last
year, the best percentage gain among
the IL Reserve districts, the Federal
Reserve Board reports.
Heard in Financial District.
Emmett F. Connely, president of
the Investment Bankers Associa-
ton, will be in Washington We'd
nesday to address the 49th annual
meeting of the National American
Wholesale Lumber Association at
the MayfloWer Hotel.
Betty Darling Gwyer of the Henry
J. Kaufman Advertising Agency was
reelected treasurer of the National
Council of Ellis Plan Associates at
the Chicago convention last week
The organization concentrates on
advertising methods.