Evening star., 1945-04-01

ient ana trust officer, National Saw
ngs & Trust; Edward L. Hillyer,
ice president, Union Trust; Frank
,. Harman, jr., Hamilton National,
and Fred Mckee. vice president,
Security Savings & Commercial.
The business sessions, according
% President Sidney F. Taliaferro,
Kill be held on Friday evening and
Saturday morning, with prominent
'peakers addressing the financiers
N current business problems.
Washington Gas Net Jumps.
Net income of the Washington
Jas Light Co. in February scared
q S322. 100. as compared with S202,-
l69 in February, 1914, striking
gain of Sll9.39l.
Gross operating revenues of
Il $50 .225 showed an increase of
;223 1873 over last year because of
wtra cold winter weather, while the
Increase in expenses was Sl05.318,.
eaving an increase of Sl7,870 in
Iperating revenues. For the first two
months of this year, the company's
let income totaled S575,l82, COM
Jared with S478,920 last year, an
Improvement of S96,262.
Total gas sales in February were
!,480534 thousand cubic feet. as
compared with 2.100,2l9 last year.
Ip l8 per cent. Sales to District of
Columbia customers amounted to
1856 $40 mcf. VS.. 1862 .474 year
lgo. Meters in service in the Dis
rict at the end of February num-
)ered l64888. compared with l63,-
IS q year ago.
Deposits Gain S133.067 $50.
Washington's 81 banks showed
,ain in deposits on March 20 of
il33 067 $50 since the call of April l3
year ago, a period of less than II
months.
Southern Railway earned S233 on
he common in the first two months
# this year, against S2.l2 share
n the like 1914 period.
The 30-cent quarterly dividend on
Iecht common is the same as paid
hree months ago. 1t will be dis
ursed on April 30 to stockholders
VI record April 9. A quarterly divi-
lend Of Sl06l, on the preferred has
llSo been declared.
Hole Bond Issue Called,
A call for payment on June l. .
945. of Home owners Loan Corp.
Series M, IL per cent bonds. which
nature June l. l947, was announced
yesterday by John H. Fahey, Fed
'ral Home Loan Bank commits
,ioner. This issue now amounts to
;754 ,9O4 900.
The high level of repayments
las enabled HOLC bond retire
nents averaging $28,000,000 monthly
since the beginning of the current
1Scal year, Mr.. Fahey said. After
Iune l, outstanding HOLC bonds will
amount to about $1,033.000 900. a
,ut of $2,456,000,000 or 10 per cent,
rom the original total.
Berlin Sells Hardware Store.
Peoples Hardware has purchased
he Alex j. Berlin hardware store
At 603 Pennsylvania avenue Sc, has
signed a long-term lease of the
premises and will enlarge the bus
ness at once, President Samuel Del
Eecchio announced yesterday.
Mr.. Berlin has been in the hard
ware business 81 years and is re-
iring to become hardware manu-
lecturers factory representative
He is past president of the Hard
ware Association of the District of
Columbia, treasurer of the South
east Businessmen's Association for
Is years, and treasurer of the Fed
sration of Businessmen Associa-
lions.
Bills Aid National Banks.
Bills were introduced in the Sem
ate and House during the week to
remove limitations on national
banks in connection with CT loans
10 war veterans. Among other pro-
visions, these loans would be al
lowed to run 20 years instead of 10.