Evening star., 1952-11-25

earnings equal
ed $12.84 a
share after full
accrual for the Mr. Deou''S
preferred dividend. This compares
with $8.37 for the same period last
wear and $14.50 for the peak 10
months period during 1912.
Southern's net for october was
$2,414,0OO against $1.986,000 for
October last year. For the 10
months this year, net was $l9.173.-
900, an increase of $4,000 from
S13,374,00O reported for the 1851
period.
Net railway operating income
reflected an increase of 5000
over October last year. and an in
crease of $6,008,000 in the first 10
months compared with the 1851
period.
Gas Light Sales Gain.
Substantial increase in sales
during October and for the first
10 months of this year was re-
ported by the Washington Gas
Light Co.
Total sales during October, in
cluding those to subsidiaries,
mounted to 17,770,794 therms
compared with 13.938,025 in Oc-
tober. 1851, a gain of 27.5 per
cent.
For the first 10 months sales
totaled 197.351,4 therms, COM
pared with 177.913,874 for the
comparable period last year, a gain
of 1898 per cent.
Meters active in October totaled
S05,429, including 180.596 IN
Washington. 69.306 in Maryland.
and 55,527 in Rosslyn, Va.
Loan League Assets Gain.
Combined resources of the 20
members of the District Building
and Loan League totaled SSH ,258.-
726 as of October 81, the league
announced today. This is an in
crease of almost $62 million over
October last year.
Share savings were reported as
$432 million, a gain of about $50
million.
Bankers Plan Seminar.
The Maryland Bankers Associ-
alton plans it's third bank man
agement seminar for December 4
at the Lord Baltimore Hotel, Bal
timore.
The program has been arranged
by the Bank Management Com
mittee, headed by Chairman T..
Leonard Reeder, vice president OF
the Union Trust Co. of Maryland,
according to the announcement by
President Charles A. Piper Of the
Maryland Bankers Association.
Among the speakers will be
Vance L. Sailor, chief of the Divi-
sion of Examination. Federal De-
posit Insurance Corp; N. L. Arm
istead, vice president of the Rich
mond Federal Reserve Bank: A.
w. Schlichting, vice president Of
the Bankers Trust Co., New York,
and several from Maryland and
Virginia.
Panel discussions will include
investments, credit practices and
What Your Visiting Bank Ex-
aminer Expects of Management" "
Life Underwriters to Meet.
The District Life Underwriters
Association will hold it's next
luncheon meeting December 4 at
the Fig Building, Silver Spring,
Md. The speaker. H. P. Craven
gard, editor of the Diamond Life
Bulletin will discuss "Sales Ideas
on Business Insurance"
The Eighth Annual Institute on
Federal Taxes will be presented
from Wednesday to Friday next
week at American University with
the cooperation of the District
Institute of Certified Public Ac-
countants and the District Bar AS
sociation.
The first dinner session, to be
held at the Lafayette Hotel, will
feature an address by Chief Judge
John Kern of the United States
Tax Court. He will speak on
problems Now Facing the Tax
Court"
Theater TV HOOkup.
Washington will participate in
the first Theater Network Tele-
vision hookup for a national sales
meeting when James Lees & Sons
Co., will send into Keith's Theater,
December 8, a program originating
in New York. It will start at noon.
The same show will appear by
means of a closed circuit in the
aters in IA other cities. Retail
dealers. stockholders and others
interested in Lees products will be
invited.
Bruno A. Borck has been named
manager of the Cleveland Agency
of Mergenthaler Linotype Co., sue
ceeding Charles j. Borntraeger.
Washington Wholesalers. dis
tributor for Norge products. is
host today and tomorrow to area
appliance dealers at a showing of
the new 1853 Norge line at 2052
West Virginia avenue NE: show
rooms.