Evening star., 1943-12-06

State Life Underwriters Association
and of the National Association Of
Life Underwriters. He will speak on
Catching Up With the American
Radical"
At the same meeting Fred Hold
erman. chairman of the associations S
Third War Loan Bond Committee,
will present merit certificates to
Eugene G. Adams and Ross S. Glea-
son for outstanding performances in
the drive.
Washington Gas Net Lower.
Net earnings of the Washington
Gas Light Co. in October totaled
S12419, off S6,343 from October,
1922, according to the report filed
today with the Public Utilities Com
mission. Gross operating revenues
were up S79,687 but expenses were
s79678 highher. Interest and other
income deductions were 1892.
Result of the company's operations
for the 10 months was a net income
Of s93l,2 ,256, compared with $753 .539
last year, an increase of S177,71
Expenditures on construction prof.
ects amounted to S82, ,778 in October
and sl,l37023 in the 10 months of
1943.
The report shows total gas sales
Of 1851 ,821 NJ cubic feet in October,
compared with l,120, ,403 M. cubic
feet last year. Gas sales to District
of Columbia customers during the
month of October amounted to 973.-
791 M. cubic feet compared with
871,774 M. cubic feet in October
a year ago. Meters in service at
the end of last month were reported
at 186,777, compared with 1852
a year ago.
Traction IS Lead Exchange.
Capital Traction SIS will wind up
l943 as the most active bonds on
the Washington Stock Exchange,
with turnover so far this year of
$4,000 With recent sales at 106
and 1852 the bonds yield about 2.90
per cent. The bonds have varied
but one point in the past II months.
No other bonds on the exchange
compare with Traction IS in the
years sales. Washington Railway &
Electric As, second in popularity,
have witnessed only an $4,000 turn
over, last sale being at 1882 to
Weld 2.65 per cent. Washington Gas
SIS at 1872 and yielding 285 per
cent, are the highest-priced bonds
In the list.
Georgetown Gas Light IS, which
last sold at 1924, yield 1922 per
cent Anacostia & Potomac River
Railroad first 5s return the highest
yield of any bond in the list, 375
per cent. Potomac Electric Power
first 3As have appeared on the
board only once this year. moving at
109a4 and yielding 2.96 per cent.
City & Suburban Railway first SIS,
at 107, yield 3.15.
Bank To Increase Capital.
At special meeting of the stock
Commercial Bank, held today, it
was voted to adopt the proposal for
the increase in capital stock from
100000 to S5O0.OO0, Francis c. Ad-
olson, jr., president, announced.
AS stated in the original pro-
posal, the stockholders will have
until December % to exercise their
rights to buy the new stock Any
stock available after that date will
be offered the public.
The move to add 100000 to the
banks capital was the result of
the institutions steady expansion.
The present stock of the bank is
quoted at $3.50 a share.
Junior Bankers to Confer.
The midwinter meeting of the
executive council of the American
Institute of Banking will be held
IN Memphis January 3O-February /,
David L. Colby, national president.
has just announced
Foremost among the agenda of
the meeting will be consideration of
wartime bank personnel training and
the job instructor training program
now being conducted throughout the
country by the institute. In addi-
tion, discussion and plans for post
war personnel problems and training
will be prominent in the councils
deliberations
Walton L. Sanderson of the Ham,
ftop National Bank is one of the
IS members of the council who are
elected for three-year terms. He
will attend the Memphis sessions.
i