Evening star., 1946-01-15
Peepeo Sales Decline
In December Despite
Slight Rise in District
Nv HAROLD b. ROGERS.

enc BY HAROLD B. ROGERS.
Kilowatt- sales by the Po-
tomac Electric Power Co. in the Dis
trict increased O28 per cent in De-
csmber, 1945, over December, 1914,
but sales outside the District of Co.
llmbia, decreasing by l0.41Go, cut
the output during the same period
by l438o.
Sales other than railroads, rail-
ways, public street and highway
lighting in the District of Columbia,
the largest item, rose from 103 ,828,-
290 in December, 1914, to 104 4,8O1 ,499
in December, 1945, a gain of 973, ,209,
or 0.9496.
Stock Exhange Meeting.
The annual meeting of the WASH
ington Stock Exchange will be held
at noon tomorrow.
Riggs National Bank fractional
shares we're quoted on the exchange
today for the first time at bid
price of S125. There were no sales
or offers to sell.
Several more banks are planning
TO change Thursday hours, departing
from the longer periods observed
during the war:
Riggs Nationals main office will
be open from $50 am. to pm.
Thursdays beginning this week. All
Riggs branches, with the exception
OF the Seventh Street Branch, will
continue to close at 2 pm, reopen
at pm. and close at $50 pm. The
Seventh Street Branch will close at
2 pm, reopen at pm. and close at
S pm.
Union Trust Co.'S Thursday hours
will be $50 am. to pm
Lanston Monotype declared a reg
ularly quarterly dividend of Is cents
a share to holders of record at close
of business February 18, payable
February %. This brings stock to
81 yearly basis.
Bank Data for November.
Substantial gains were registered
IN debts to individual accounts in
banks of the city both during No
vember this year and for the IL
months of 1945 compared to the
previous similar periods, according
to the Federal Reserve Bank of
Richmond's monthly review Debts
were 1854 ,804 900 in November, 1945,
gain of go over the same 1914
month; and rose to Sc 6,073, ,944 900 for
the II months of 1945, a gain of
14Ge.
Retail furniture sales were up here
during the same two comparable
periods. rising. 39q6 in November,
and 80 for the II months period,
compared to 1914.
Construction contracts awarded
here rose sharply to ST ,693, 900 in Oc-
tober, 1945, a gain of 1857 over Oc-
tober, 1914, and to S35 $4,000 for the
10 months of 1945, a gain of $40
over the same 1914 period. The
District record on this point was eX-
ceeded only by the State of North
Carolina in the Fifth Federal Re-
serve District, with a gain of $3.50
for the 10 months. South Carolina
however, jumped ahead during Oc-
tober with gain of 694%o.
Current net earnings of the Fed
eral Reserve Bank of Richmond in
1914 to S5,538,717 in 1945, according
to the 31st annual report of the
bank, issued by Hugh Leach, presi-
dent.
Robert J. Johnson Honored.
Robert J. johnson, new manager
of the Washington Agency of the
Bankers Life Co. of Des Moines,
Iowa, was honored yesterday at a
luncheon where he was presented
by NJ E. Lewis, superintendent of
agencies for the company. Mr..
Johnson comes here from Columbus
Ohio, where he had been manager
for seven years previously. He had
been a supervisor at the agency
here.
j. Newton Brewer, ir.. returned
from service as a lieutenant in the
Army, Air Forces, has rejoined Rob-
ert G. Jones & Co. He is the
fourth partner released from mill
tary duty in the last three months,
following Robert c. Jones, senior
partner: Edward M Becker and Au-
gust Schmidt.
The annual meeting of sharehold-
ers of Washington Gaslight Co.
scheduled for February will be
held briefly, but it is proposed" to
adjourn the session to March Is.