Evening star., 1949-09-20
Washington Gas Light
Reports August Sales
24 Pct. Above 1948
by Edword c. Stone

BY Edword c. Stone
Washington Gas Light Co. Of
ficials announce that sales in
August disclosed a gain of 2.94
per cent over August of last year.
Last months sales totaled $685.
986 therms, compared with $685.
973 a year ago. an upturn of
201.O13.
Sales in the first eight months
of 1949 are now within OILS per
cent of the total for the like 1948
period. Sales this year totaled
105,75i,916 therms against 105,-
9l4.848 in the same 1948 months,
officials announced.
Vaile Takes New Post.
Douglas C. Vaile, a leader in
the National Savings & Loan
League, which has Washington
headquarters, was recently elect
ed president of the Colonial Saw
ings & Loan Association of Phila-
delphia.
For years he served as manag-
ing director of the American Saw
ings and Loan Institute. a Ma
tion-wide school for training
personnel in thrift and home
financing institutions.
Mr.. Vaile organized and served
as first dean of the Graduate
School of Savings snd Loan, at
Northwestern University and is
an author of several text books in
this field.
Control Leaders Named
Charles L. Carr, president of
District of Columbia Control of
the Controllers Institute of
America. has named these COM
mittees for 1949-50:
Program and Publicity. Theo-
dore Herr, chairman; H. Lloyd.
w. T. Brunot, F. Charles Brown,
j. w. Shields, H. G. Oberlander
and P. G.. Evans.
Other committee chairmen are:
w. r. Little, admissions; w. l..
Brauer, audit; F. Charles Brown.
employment; H. w. Herzog, edu-
cation; C. L. Carr. archives; and
j. E. Heberle, nominating.
d. c. Takes Insurance Lead.
District of Columbia families
owned $7,700 of life insurance per
family. on the average, at the be-
ginning of this year, leading the
entire Nation, according to the
Institute of Life Insurance. New
York was second with $1,000. On
January / life insurance owned
here totaled $1,817,0 10000.
The Investment Bankers AS
sociation is adopting an entirely
new approach to financial adver-
tising. the Chicago Office reports,
in distributing a booklet, Repro
ductions of I. B. A. Member Firm
Advertisements" An effort is to
be made to improve the effective
ness of the advertising and expand
total volume.
Addressing the Mortgage Bank
ers' Association in Chicago Her.
man w. Steinkraus, president of
the United States Chamber of
Commerce, said there is encourage
ment that the supply of venture
capital Is on the Increase.
Cost Accountants to Meet.
Washington Chapter, National
Association of Cost Accountants,
will hold the first meeting of the
year at the Sheraton Hotel to-
morrow evening with David P.
Fry, jr., as guest speaker.
j. Claude Coppinger of the Law
yers' Title Insurance Co. will ad-
dress the 43d annual convention
OF the American Title Association
at Atlantic City next week.
Auchincloss, Parker & Redpath
is distributing an analysis of the
Virginia Electric g. Power Co.,
considered the most important
utility concern in Virginia. The
stock, which is active on the
Washington Stock Exchange,
yields nearly per cent at present
prices.
Financial District Notes.
Washington bankers see no
special effects in their institutions
in the devaluation of the British
pound. They expressed the hope
today that the move will stimu-
late European trade and be help
full to the Marshall Plan.
Druggists in the Capital are
looking forward to the 34th an
nual convention of the Federal
Wholesale Druggists Association
in Atlantic City October ST.
Capital Airlines, Inc, recently
voted payment of interest. Octo-
ber l on the corporations 15-year
3E2% convertible income de-
bentures. amounting to $3.50 on
each $1,000 debenture outstand-
ing.
The Capitals financial institu-
tions return to standard time next
Monday.