Evening star., 1950-07-20
Washington Gas Light
Reports Sales d Pct.
Above 1949 in Half
By Nelson M. Shepard

By Nelson M. Shepard
- Sales of Washington Gas Light
Go. in the first half of 1850 were
1902 per cent above the same
1949 period, while sales for June
registered a gain of 12.45 per
cent from a year earlier, the COM
pany reported today.
a Sales up to June 80 totaled
112 ,296 1893 thermS. compared with
81. .280,631 for the first half of
1919. During June sales totaled
10.178,797 therms VS.. 9,O51 ,469 in
June. 1949.
Bank Assets Increase.
The Richmond Federal Reserve
Bank announced today that assets
of member banks in the fifth dis
trict totaled $3,714, 1894, 900 on
July IL, an increase of $212,457 900
from a year earlier and $69, 9,229,-
600 above a week earlier.
Washington's member banks had
assets of $1,075.62 900 a gain of
$13, 3,934,000 from week earlier.
,- Loans reported for the Washing
ton banks totaled $268,918,0OO as
compared with $267, $3.50, 900 on
I July 5. Real estate loans totaled
: $94 $50, 900 as against $94, 900 900;
. demand deposits totaled 1924 ,322,-
900 as against $812, ,633 900, while
time deposits totaled $179, ,496, 900
compared with $179,401, 900 on
July S.
Coffee Supplies Large.
- w. F. Williamson, executive vice
president of the National Coffee
Association assured housekeepers
and the trade, today, that coffee
supplies were sufficient to meet all
contingencies. Brazil has just har-
vested a crop larger than ex-
pected and with the carryover of
about 6 million bags from previ-
GUS crops. he said supplies in that
country alone are sufficient to sup
ply United States requirements for
a full year. Mr.. Williamson was
in Washington on business.
Appointment of Polly Horton as
assistant manager of the Smith
Transfer & Storage Co. was an
nounced today by Arthur Clar-
endon Smith. president. He also
said that at the quarterly meeting
Of the company substantial
zgainS" in the business were re-
ported.
d. c. Insurance Sales Up.
Life insurance purchases in
Washington rose to $12,364, 900, a.
gain Of 18 per cent over the same
1949 period, the Life Insurance
Agency Management Association
reported yesterday.
The encouraging gain reversed
o lower trend and brought the
six-month total to $64, ,982, 900,
which was 8 per cent higher than
the corresponding period last year.
Virginia's sales of life insurance
were $26.629, 900 or 19 per cent
improved last month. Maryland,
with $25,529.000 gained % per
cent in June.
Nationally, the total Of $1,418.-
233.000 for June was 13 per cent
higher than for June, 1949, while
for the year to June 80 registered
$8.022, $3.50, 900, an increase of 81
per cent In purchases over the
first six months last year.
DC Mortgage Loans Listed.
Mortgage loans on District of
Columbia real estate approved by
the PrudentiaiF Insurance Com
pany, numbered 1873 and totaled |
$3.633.000 during the first six
months Of the year. the company
reported today.
Most of the loans were made on
one, two and three family urban
homes. These residential loans
averaged just over $10,650. The
remainder were on industrial.
commercial and farm properties.
Named to Ediphone Post.
Austin Cunningham of Wash
ington has been appointed as
sistant manager of the Ediphone
Division of Thomas A. Edison.
Inc, of West Orange. N. ]. He
succeeds Charles T. Jacobs.
elevated to vice president and
manager of the division.
A graduate of George Washing
ton University, Mr.. Cunningham
studied law at the University of
Virginia and attended the Gradu-
ate School of Business Admins
tration at Harvard. He also re-
ceived a graduate degree from the
University of Chicago. He Joined
the Edison Company in March
1945 after serving as an attorney
and priority specialist with the
War Production Board. He now
resides in New York City.
The National Association of
Cost Accountants is rallying its
Washington members for a fam
lily night" at Griffith Stadium TO-
morrow evening to see the Ma
tionals and Cleveland play. Paul
Imler, 1135 Twenty-f1rst street
NV. is handling the block of re-