Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-09-23
Expansion Reported
In Washington Gas
Light Co. Sales
BY HAROLD B. ROGERS.

BY HAROLD b. ROGERS.
Sales Of Washington Gas Light
Co. in August and in the first eight
months of this year were substan-
TALLY ahead of year ago, it was
announced last night.
August sales totaled 9652l1 mcf
Thousand cubic feet) compared
with 1925 in August, 1914, a gain
of 9.27 per cent.
For the first eight months of this
year sales totaled 1880, 499 met,
compared with 12,618,O69, year ago,
gain of 208 per cent.
Loan Associations Grow.
F. Wilson Camp, secretary of the
District of Columbia Building and
Loan League, announced combined
assets of the q associations of the
league amounted to 1898 .594 ,092, on
August 81, gain of 1875 per cent
from year ago.
Holdings of Government securities
rose nearly $14,O00000 in the twelve
months to new high of SAB ,048. 500,
and now account for 10 per cent of
total resources.
Mortgage loans on real property
In the District and nearby area
totaled $185 ,248, 700, gain of SIS
$4,000 over advances in 1914. Cash
on hand of S7,280,000 was about the
same as last year.
On the other side of the ledger
was an increase in money invested
by members in share accounts, ap-
proXimately $24.075 900 during the
year. bringing the total in invest
ment funds to S210, 1885, ZIG, another
record.
10000 Veterans Aided.
From national headquarters of
the u S. Savings and Loan League
at Chicago came statement last
night that savings and loan asso-
Citations and cooperative banks had
used provisions of the CT Act (noW
under serious consideration for
amendments) to help at least 10000
veterans to home ownership.
Veterans had borrowed for home
ownership throughout the country,
including the District of Columbia,
about $35, 400, 900 by June 30, loans
being either definitely closed or
pending, according to the statement.
Veterans have had priorities on
materials since last October, but use
of provisions of the CT bill will not
hit its stride until the entire home
building situation eases.
270 Loans Approved Here.
The Veterans Administration re-
ported it had approved guarantees
on 270 CT home loans by all banks
and loan associations in the District
Of Columbia, the guaranteed amount
totaling S477.156.75.
Guarantees also have been ap-
proved on As business loans totaling
s45, 5000, making an overall total
for the District of Columbia of BIS
loans for s522,73774 This covers
the period from June %, 1914, to
September Is, 1945
Critics of the CT Act as it now
stands point out that this is a small
showing for the District of Column
bia. The reason for this is said to
be the cumbersome" system re-
quired
Hearings on proposed amend
ments to the act may be held some
time this week, it was indicated last
night, by either the Senate Finance
Committee or its Veterans Subcom-
mittee. The pending bill to amend
the act already has passed the
House.
On the national level, the Vet
Grams Administration reported that
it had approved 1858 home loans
for s30.920,339 In addition, AL
farm loans totaled S722, 48889, and
1.407 business loans, 1857 ,454S8
The national total was 21,411 loans
In the sum of S33 ,219.263. so.
Bank Women in New York.
Four delegates from this area at
tended the annual meeting of the
Association of Bank Women in New
York yesterday, when the coveted
Jean Arnot Reid Award" was pre-
sented to Miss Beryl H. Evans of
the First National Bank of Scran-
ton, Pa.
The award is made annually to
woman graduate of the American
Institute of Banking not a member
of the Association of Bank Women
who is best qualified through in
tegrity of character and efficiency in
her work to represent women in
banking"
The Washington group included
Miss Mary L. Chadwick, assistant
trust officer of Washington Loan
and Trust Co., who is chairman of
the Capital group of the aSsocia-
ton; Miss Charlotte A. Engel. as
sistant secretary, National Savings
81 Trust Co.: Miss S. Wirifred Bur-
well. assistant trust officer. National
Metropolitan Bank and Miss Alice
H. Wilton, trust officer and cashier
of Burke & Herbert Bank & Trust
Co, of Alexandria.
d. c. Store Sales Expand.
Department store sales in Wash
ington showed a gain of per cent
in the week ended September IS
over the comparable week last year,
and per cent over the previous
week this year, according to the
Federal Reserve Bank of Richmond.
Sales of all stores in the fifth dis
trict we're per cent above year
ago and s per cent above the pre-
vious week
Smiths Transfer and Storage Co.
opened its 26th warehouse at
Hyattsville. Volume for the third
quarter of 1945 set a record.
Nelson B. O'Neal, vice president
of Riggs National Bank, is on vaca-
ton in Minnesota.
Frank P. Hartman, jr.. assistant
vice president of Hamilton National
Bank, returned last week from va
cation.
T. j. Vandoren. vice president of
Liberty National Bank, is on vaca-
ton.