Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-11-21
Washington Gas Light
Sales in October Laq
Slightly Behind 1913
By Edword G. Stone

-
By Edword c. Stone
Due to warm weather in Oc-
tober. sales of the Washington
Gas Light Co. were just under
October a year ago, 9,556, 08s
therms comparing with $685.
489 therms a year ago, q de-
crease Of OF per cent. company
officials reported today.
Sales in the first 10 months
were above q year earlier but by
only 0.34 per cent. Sales totaled
123.049, 969 therms against 49,
635,135 in the like period last
year.
With normally cool weather,
sales for the IL months will be
slightly ahead of l948. officials
said. October temperatures aver
aged four degrees above October
last year.
B. Il o. Revenues Hit Hard.
The Baltimore g. Ohio Rail-
road was doing fine until the
coal and steel strikes came along,
President Roy B. White told the
annual stockholders meeting to-
day.
Then the roof fell in. The
B. 81 o. lost an estimated $14,-
900. 900 in revenues in eight weeks.
Freight traffic dropped so sharply
in September and October that
revenue ton-miles for the first
10 months of 1949 were down
1915 per cent from 1913 and
went to the lowest level since
the first 10 months of 1941.
Employees lost about $29 $780,
900 in wages over the 10-month
period. mostly because Of work
stoppages in coal and the steel
walkout. -..-. ~
The B. & O. Mr.. White said.
went $2.088,125 in the red In
October. That left its net in
come for the first 10 months Of
the year at $5,439,403. At the
same point in 1913 it had made
$19,04s.131.
Increase in Freight Tons.
Mr.. White referred to increases
in the average number Of freight
tons moved per train, and the
number Of tons moved q mile for
each hour worked by train crews.
He said the B. g. o. was able to
attain them because Of: Increased
use of diesel locomotives-on pas
senger trains. on freights, to help
trains over the mountain grades,
and in yard switching, better
freight cars and heavier loading
Of them, improvements in yards
and terminals, better telephone
and teletype communications, and
train speeds.
Nominated for election to the
board Of directors were all the
present members, plus Lawrence
c. Marshall, President 'pf the
Bank of Manhattan Co. In New
York.
d. C. Auto Sales Increase.
Sales Of new automobiles and
trucks in the first 10 months of
this year reached 27.721. an in
crease of 1903 cars over the 24,518
sold Ia the first 10 months Of
1913. r. j. Murphy, director OF
the Washington Automotive Trade
Association. announced today.
New car sales in October to-
tailed 2,607, a slight gain ever the
1881 sold in the same month d
year ago. Demand continues very
high, dealers expecting to finish
the year well ahead Of the 1948
records.
July was the best month this
year for auto sales because Of the
approaching new sales tax in
August. July sales totaled 4,465,
highest monthly total for the
year. When the tax went into
effect In August, sales tumbled
to 1881.
Bank Opens In New Home.
The Seat Pleasant Bank opened
its new home for business today.
The public has been invited for
a special inspection from $50 to
8 o'clock this evening. when visi-
tors will be greeted by these
officers:
Irving I. Main. chairman Of
the board; Frederick L. Wight, jr.,
president; Walter L. Green. first
vice president and counsel; w.
Clinton Brown. James P. Cas-
barian, william ]. Stembler, vice
presidents; Leo j. Naughton, vice
president and cashier; Margaret
S. Dwyer, assistant cashier and
auditor; L. Elwood Wight, as
sistant cashier and branch man
ager. Coral Hills.
Directors include j. c. A. Cam
eron. George C. Howard, William
H. Limerick, r. L. Watkins, jr.,
and George N. Wells. in addition
to Messrs. Main, Wight, Green,
Brown, Casbarian, Stembler and
Naughton.
Bank Education Urged.
The banker should work with
his local schools to make, sure
that the oncoming generation un-
derstands money management
and practical banking matters,
according to ]. LEVEL Lafferty.
chairman of the Public Relations
Council Of the American Bankers
Association.
Mr.. Lafferty announced pub
lication Of the fifth in q series
of ABA public relations manuals
for use by banks. The new book
let is entitled "Your Banks Re-
lations With Schools"