davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-02-25
| Schwab|e Didn't Get
Requested Guidance,
G. Officer Testifies
BY [. Edeor Primo

The top intelligence officer
aboard the transport which re-
turned Col. Frank H. Schwable
to the United States told a Ma
rine Court of Inquiry today Col.
Schwable requested. but did not
receive, policy guidance for pris-
oners of war from the Depart
ment of Defense.
1t. Col. Robert c. Mathews.
jr., United States Army, said
he sent a dispatch to the De-
partment last September at he
request of Col. Schwable, After
advising the colonels counsel
that he got no policy guidance,
he stated that he could not le-
veal the contents Of the De-
parment's reply because it in
volved secret matters.
The court went into closed
session while Col. Mathews was
questioned further along this
line.
Experience Summary.
Later the witness read a
statement given him by Col.
Schwable which summarized the
former prisoners experiences
while in the hands of the Chi
nese for ID months.
According. to the Schwable
statement, which was signed. but
not sworn to. the 45-year-old
Arlington flyer told of four
step pattern which he called a
"slow. quiet, diabolical prepara-
ton to accept the only way out. =
He listed the steps as personal
degradation and humiliation:
physical and mental exhaustion;
fear and intimidation, and poi
soning of the mind to produce a
feeling of personal and national
guilt.
The statement also said the
Chinese had convinced me I
would never leave this valley
not even after the peace was
signed, until my problem was
cleared up"
The colonel also wrote that he
was told he had been convicted
as a meteorological war criminal
and the truce negotiations then
going on would not apply to him
Prisoner IA Months.
Col. Schwable was shot down
on July 8. 1852, and was held as
a prisoner for IA months. The
Court of Inquiry. which is hold
ing its sessions at Henderson
Hall Barracks in Arlington. is
looking into the colonel's false
germ-warfare confession with a
view to recommending possible
court-martial charges.
Court counsel read into the
record aMdavitS from seven high
ranking Marine officers categor-
ically denying that the United
States or the United Nations has
ever planned or conducted germ
warfare.
Earlier today the Marine
Corps said it was unaware an Of
ficer it decorated for courageous
resistance to. Communist propa-
ganda' while a POW had signed
Red peace appeals" branding
the United States as the agrees
sor in Korea.
1t. Col. John N. Mclaughlin,
testifying yesterday. said he
signed such documents in order
to obtain improved living condi-
tionS for enlisted men in his
prison camp and thereby curb
the death rate.
The peace appeals" which
were directed to the United Ma.
tons. were signed by all the
prisoners in the camp at the di-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-02-25
enpos
Continued From First Page)

tContlnued From FlrSt Page)
out due to the need for Federal
Office space.
w. A. Miller, GSA regional
director, commented:
The temporary nature of the
building, its unsightly appear
ance SO near the White House
and the need to remove it was
evident from the day it was
built. Nevertheless, the need to
guard the President during war
time OVERRIDE any architectural
or landscape considerations"
Mr.. Miller also said the need
for Office space complicated the
problem after the troops were
removed. He added:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-02-25
Milk Consumption Coins

NEW YORK.-Milk consump-
ton. in the United States is cur
rently about Is per cent greater
than the volume on record before
the period of World War II.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-02-25
Gulf HIGHER Than Ocean

NEW ORLEANS.-The mean
surface of the Gulf of Mexico is
said to be roughly about inches
higher than that of the nearby
and adjacent Atlantic Ocean.
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1954-01-06
riends and Customers!

This truly is Once in a Lifetime Sale
we have too much stock and must move it.
Builders, Merchants, Contractors have
talked about our Sales before and have come
from Raleigh, Charlotte, Lumberton, Will
mington to SAVE MONEY Well, if they
hear about this one they will come from far
off and come fast, because we have never
offered to the public such prices ever!!
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
Chicago Grain

CHICAGO. June 25 ga carryover
of selling from the previous session sent
active dealings on the Board OF trade.
Wheat weakened but feed grains held
fairy steauy.
danny irnlG yesterday puL tnere were many
unnIleo selnngS orders lh the mar Aet.
MANY of these were carried over TO to-
Gay IS session and accounted Ior orop
Inc market tor July beans stablllzed
at tnat point but the contract was not
~D Wheat near the end of the first hour
was "a to 70 lower, July 1.923e; corn 70
lower to 70 higher. July 10 "a; oats un-
changed TO 70 lower. July uA74; rye eve %
lower July l30 ,z sS S and lard i9"g 20
is cents a hundred pounds IoWel' July
1902. .-oa
to be offering new crop wheat little
more freely IN the Southwest accounted
Tor early easlness In the preao cerea!:
Inere sGIll are some traoers Wno peileve
more new crop wheat WALL nave TO DE
sofa, particularly over the next lew weeks
in the Midwest harvesting area.
More not weather was pelng expert
enceu IN much OF the grain growing ter
rItory. Inc hve-day forecast was Tor
temperatures 3 to 10 degrees ABOVE
normal in illinois and Indiana and to
degrees ABOVE normal IN AoWA' "iiine-
While the temperatures should be
favorable tor growth of corn, grain men
noted not mucn moisture was predlctteso Ss
time to get it through the normally not
weather of July and August:
Opinions differ as d to the s secs on on
the corn crop. The Quaker Oats Co said
it believed there hao been considerable
damage in Iowa, Nebraska and Soutn
crop report earlier IN the week DID not
stress any appreciable crop damage.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
Stocks Move Ahead
In Good Trading;
AirIines in Demand
BY The Assoeioted Press

NEW YORK, June 25.-The
stock market climbed still higher
today.
Prices were up between / and
2 points in, some instances with
a few strong stocks up even
more.
A number of areas in the list
failed to join in the rise, but
losses usually were quite small.
The pace of trading was good.
Airlines were active and higher
right from the start. The cleo
trical equipments were strong,
and many railroads were in
demand. The steels were steady
and the motors were Spotty.
Outboard Marine shot ahead
between S and 6 points at times
in light dealings. Aluminium Co.
of America, up 8 points yeSter-
day, gained between 8 and 4
points today. Aluminium Ltd.
also was higher.
Others gaining ground includ-
ed ChrySler, Goodyear, Douglas
Aircraft, Philco, American TEL
ephone, Du Pont. American Can,
General Electric, Westinghouse
Electric. United Air Lines, and
Santa Fe.
Lower were Studebaker, Boe-
ing, Zenith, Kennecott Copper,
American Tobacco, Southern
Pacific, and Standard Oil (N.J).
The Bond Market was slight
ly higher. Government issues
were steady and active.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
Business Briefs

Money in Circulation in the
week ending Wednesday declined
500 million to 500, 735, 000. 900
down $194 million from last year.
Federal Reserve Board.
Rail Freight LOadings in the
week ended June 10 totaled 707.-
208 cars, 9,625 above the previous
week and Is per cent below last
year.-Association Of American
Railroads.
Heavy Construction Contracts
awarded in the week ended Mon
day totaled 12,926,000 COM
pared with $317,924,000 last week
and $249. 728,000 last year-En-
gineers' News-Record.
BituminOuS Production in the
week ended June 10 totaled
1865, 900 tons compared to $780,
600 tons last year.-National
Coal Association.
Baltimore Transit Co. in 5
months ended May 81 earned
$79,89l VS.. $584,685 last year.
Central of Georgia Railway in
S months ended May 81 earned
$947,619 VS.. $1,284,S30 last year.
Union Pacific Railroad in S
months ended May 81 earned
$24,224,294 or $5.07 a share VS..
$24,370,757 or $5.11 last year.
United Aircraft Products in 6
months ended May 81 earned
$222,277 or SGT a share VS.. $145,-
O28 or $.25 last year.
Consolidated Textile Co. in 3
months ended May 20 lost $112,-
1873 VS.. earnings Of $270.000 or
$.25 a share last year.
Consumers Power Co. in II
months ended May 81 earned
$25, 73O,011 or $3.16 a share VS..
$21 1858, 849 or 1921 last year.
Eastern Gas & Fuel Associates
in IL months ended May 81
earned $3,810,545 or $l.04 a share
VS.. $5,N6.124 or $1.55 last year.
ElectrOl. Inc, in year ended
March 81 earned $23,369 or sos
a share VS.. $248,2O6 or $50 last
year.
Seeger Refrigerator Co. in 9
months ended May 81 earned
$4,498,85 or $4.01 a share VS..
$3.50, 1893 or $3.43 last year.
Furniture Orders placed with
manufacturers in May ran 4 per
cent ahead of April for the first
month-to-month gain of 1854.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
Produce Markets

Baltimore quotations supplied by the
United States Agriculture. Department:
apples; d Blu bkts J Usis NJ STAIRS ga
g, inches up. 800, 12-bu bkts US1s Del
Close 2 inches up. 1.5O-75; Va Yellow
Transparents 2 inches up. 200.
Potatoes: Barely steady. NC US1s
1905. 90; SO ID sacks I.o6-io: washed
30 ID sacks 1.00-15. sc ,Sebagoes washed
US1s Size A so ID. sacks. 1.70-75. Va.
nSsssR sh 1oS S sses s size Sc
' Sweet Potatoes: Too few sales to
quote.
Poultry Quotations.
Poultry-About steady. Young chick
ems appeared in fair position after deal
ers discounted prices late Thursday in
supply Of heavy type hens were adeS
quate for trade needs and very few
sales reported; ~
go r %ostiy q aslS sofs-S IDS ana over ~
FlOur-ReceiDts. io,ssss; 1oo-pOund
.s,st RessiYt IS. ss;: s.,. bushels:
5.55I, 800 bushels. No. : red winter
garlicky; spot. domestic, 1;s0 nominal;
june No 3, III, nnoSm an L;,,,.,.. .,,,
msnts: 10000 bushels: stocks. 1903
20 atsMRe sit 34.75o bushels: ship
ments, none: stocks, none.
Barley-Receipts, 1851 bushels: ship
ments; 1000 bushels; stocks. 1S.259
Rye-Receipts. 1900 bushels; ship
ments. none; stocks, none.
Soybeans-Receipts, none: shipments,
none; stocks, 104 .227 bushels.
Millfeed-Receipts. 1.070 tons.
Egg Market. Steady.
Eggs-Market steady to firm on better
quality; balance about steady; arrivals
light; trading supplies in lighter volume;
demand appeared active for only quality
offerings.
receivers: Whites. large A. 1914;
mediums, A, 3I-34; browns and mixed
colors. large A, 3S-4413; mediums, A,
Receipts. eggs. 1.430 cases,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
Capital Increase Planned

International Bank of Wash
ington plans to offer 10000 acoi-
tional shares to stockholders of
record June Is on the basis of
two new shares for each three
held. The price will be SIS
share or par.
In announcing the plan, PreSi-
dent T. Reed Vreeland said a
letter of notification has been
filed with the Securities and Ex-
change Commission and that
upon clearance by the agency,
rights will be mailed to holders.
Johnston, Lemon & Co. has been
named underwater.
Upon completion of the offer
ing the bank will have 151,785
shares outstanding, Mr.. Vree-
land said. Proceeds will be used
for working capital. Control of
the bank was purchased from
Robert r. Waller and Austin c.
Waller of Washington in 1851.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
Capital transit Net
Cut 1914 Pct. Below
Year Ago in May

With a further loss in the
number Of passengers more than
offsetting higher fares. the net
income of the Capital Transit
Co. for May dropped 1914 per
cent below that of year earlier.
The company's monthly report
last night listed a May profit Of
only $67.517, compared with
Sill. 421 in May. 1858.
The passenger total last month
dropped to 18.430.778-a loss of
1854 per cent from the 25.036. 064
figure of May. 1858. Streetcar
and bus mileage dropped from
3,057 ,564 to 2.899.712--a cut of
only So per cent.
Operating revenues for the
month amounted to $3.50, 609-
down $203,24e or 80 per cent
from those of a year earlier. OPP
Grating expenses totaled 81, $685.
656-a decrease of only $28.174.
or is per cent. Income taxes Of
SIS, 900 were down 64.5 per cent.
5-MOnth Period Down.
Results for the first five
months of the year were not as
unfavorable as for the month,
but the round-robin of higher
fares and fewer passengers still
was. evident. Net income was
$446, 484, compared with $780,
366-a decrease of 1913 per cent.
Despite higher fares, operating
revenues of $11,312,379 were
down $946,069. or ~ per cent,
from the totals in the compar-
able 1853 period. Operating ex-
penses of $9.270.218 were of
only $141.011. or is per cent.
However, income taxes of SOS, 500
were Oil per cent lower.
The total number of passen-
gers was reduced from 123.750.-
COL to 96,32O, LISA loss of 22.2
per cent. Mileage dropped from
15,166,533 to. 14,417,310 or 40
per cent.
Although the five-month net
income was down only 1913 per
cent from that of a year earlier,
tie SAG, 484 total made a rather
poor showing compared with two
quarterly dividends of 1884 900
each, or a total of $768.000, de-
clared so far this year by the
company's Board of Directors
but not paid, pending their APP
proval by the District Public
Utilities Commission.
Policies Under Study.
The commission is making a
study of the company's financial
policies, especially in regard to
reserves and dividends. Pend
ing its completion. the commits
sion issued an order prohibiting
further dividend payments.
Company officials say the re-
corded drop in passengers is
unreal" because the COMPARE
sons are made with figures of a
year ago, when riders with weekly
passes were counted each time
they boarded a vehicle. They
say the drop represents the
change in the number of actual
rides.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
Chicago Livestock

CHICAGO, June % Up. (USDA.-
salable nogs, 5000. general trace un-
even; butchers steady to mostly 70 or
more higher; sows largely 20 higher;
choice IS0-230-lb. butchers 10000 80;
q few loads and lots choice No. and rs
around 215 10: with 2 few 230 ln;.
25.6O-25. IS; 240-270 h., 24.00-25.00;
2SO-325 h., 81 .5O-24.00; q few $50 10.
and heavier down 70 20,50; few l69-
$50 ID. lights. 23.50-25.25; choice $50
400 ID. sows, l9.00-21.25; choice light
weights, 21.50-22.25; 425-600 ID. sows,
6.50-19 90; instances 1925; good clear
ance. -
slaughter steers and heifers nominally
steady to weak; COWS steady to mostly
25 lower: salabIe supply slaughter cattle
mainly Gamers to utility COWS; bulls ana
vealers steady; a few good and choice
steers ! 100 ID. down. 2O.00-23. 90; some
$50 ID. commercial steers. 1925; a few
choice $50 ID. mixed yearlings, 300;
utility heifers down to IL so; most util.
ity cows, 11.50-l3.00; bulk Gamers and
cutters, 9.50-l1.50: utility and CONNER
cial bulls, 4.50-l7 90: good ana choice
Vealers, i5.O0-1S.00; . few choice and
prime, 19.00-19.50; culls down to 500:
Salable sheep. 200; about steady: odd
lots good to prime mostly good and
choice 1890 1b. native spring lambs.
21.50-24.25: q few Gull lambs, 1900
1900: Q few good shorn ewes, $50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
5th Reserve District
Leads Week S Gains
In Store Volumes

Department store sales in most
Federal Reserve districts showed
solid gains last week over bust
ness a year before, with the
Richmond districts gain out
standing and sales in the Dallas
and San Francisco districts the
only ones lower than a year
before.
Over the Nation, the Reserve
Board said, department store
sales in the week ended June 10
averaged 4 per cent more than
in the corresponding week of
1858. During the four weeks
ended June 10, however, depart
ment store sales across the Ma
ton averaged 8 per cent less
than a year before and from
January 1 to June 10 sales by
department stores were also 3
per cent lower than a year
before.
Last week department store
business was better than a year
before fin 10 Reserve districts.
However. the Dallas district re-
ported sales of 4 per cent less
than a year before and the San
Francisco district sales were 8
per cent below year ago.
Percentage increases, by Re-
serve districts, from a year ago
were:
Boston, 4; New York, 3; Phila-
delphia, 4; Cleveland, 4; Rich
mond, 10; Atlanta, 6; Chicago,
S; st. Louis, 4; Minneapolis, 3,
and Kansas CITY. l.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
Deposits and Loans
Of D. {. Banks Show
Gains in 6 Months
By Donald B. HodIey

Washington banks had sub
stantial deposit gains and in
creased both loans and invest
mentS in the first half of this
year. a report from the Federal
Reserve Bank of Richmond dis
closed today.
Demand deposits of IA reserve
member banks here have risen
$11,907, 900 since the end of 1858
while time deposits have gained
1,792,O0O. Outstanding loans
have expanded $8,098, 900 and in
vestments $12, $4,000.
In the combined balanced
sheet for June 16. the IA banks
had $898, 446, 900 of demand de-
posts, compared with 1895, 207,-
900 a week earlier and 1886, $780,
600 on December 80. The latest
total was OIL per cent behind
$899, BIT 900 on June II, 1854.
Time deposits totaled $685.
754,OOO on June 16, compared
with 1925, $4,000 a week earlier
and sos, $4,000 on December
80. They also were 14.8 per cent
above $196, $4,000 a year ago..
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
Coupon Bonds Of 81 900
Fully Registered Bonds

and on said date there will become and be
due and payable upon each Refunding Mort
gage Bond, 31Seo Series due 1876 so to be
redeemed, at the principal Office of The
Chase National Bank of the City of New
York, in the Borough of Manhattan, The
City Of New York 1.-THE agency OF the Com
pany in the Borough of Manhattan, The
City of New York;, or at the principal Office
of The Riggs National Bank of Washington,
d. C., in the District OF Columbia, (the
principal Office of the Trustee), the full
principal amount thereof in the case Of Cou-
pom Bonds, and the specified amount of the
principal thereof in the case of Fully Regis
tered Bonds, without coupons. together with
interest accrued to July IS, 1854 and pre-
mium on the specified amount of the prin-
cipal to be redeemed of 81 per cent; and
from and after July IS, 1854 interest on
said Coupon Bonds so called for redemption
and interest on the specified amount OF the
principal of said Fully Registered Bonds
so called for redemption will cease to accrue
Coupon Bonds must be accompanied bv
all coupons appertaining thereto maturing
after July IS, 1854. Coupons maturing Juiy
IS, 1854 may be detached and presented for
payment in the usual manner.
Washington Gas Light Company
By: EVERETT ]. BOcTHBY, President
Dated: June II, 1854. =
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
FOREIGN Exchunoe

NEW YORK. June 25 R.-Foreign
exchange rates follow, Great Britain In
dollars, others in cents unchanged I'M
less otherwise noted: Canadian dollar
in New York open market, per cent
Europe-Great Britain, pound. 2 81 %;
30-day futures, 2:S1 27I32; 60 day
2.SIii; 9O-day. 2.S1 25/32; Belgiun.
franc; 2.00iI; France. franc, .2Sss
western Germany, deutsche mark, 1885;
Holland. guilder. 20. 43; Italy. Ira. .16ls;
Portugal. escudo. 30; Sweden. kIona,
1924; sWitzsrlsnd;. franc no free. 2S.S4's;
Latin America-Argentina, free, ia;
grs.il. free: 1; sS 4, Mexico. 500; Vsne-
Far EastGHong Kong doiar. 1850.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25

Hourly Sales on the Exchange.
Il 100 an $50 600 ~ noon $40 600
100 pm 26o 600 300 pm 600 600
fUnit Of trading 10 shares or sales In
full. sIn bankruptcy or receivership or
being reorgantzed under the Bankruptcy
Act or securities assumed by such com.
panies. Rates Of dividend In the fore
going table are annual disbursements
based on the last quarterly or semi-
annual declaration. Unless otherwise
noted, special or extra dividends are not
included. 9 Also extra Or extras. An:
or ~ paid IN 1858 plus stock dividend.
E Declared or paid 50 far this year;
on ex-dividend or redistribution date,
6 Paid last year. b Declared or paid
after stock dividend or Splitup. ( De-
clared or paid this year. an accumula-
tive issue with dividends IN arrears
D Paid this year. dividend omitted. de.
fer-ed or no action taken at last divi-
ddend nsettng: rDeelared Or paid N
dividend. cid Called. Ex dividend. x-dis
Ex distribution. II II rights. ~ without
distributed. I'd When issued.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25

Pl a "a Office,
the new unit
is on the street
level of the
new addition
to the home
Office of the
Acacia Mutual
Life Insurance
Co.
Pre- id ent
Bruce Baird
said the new
Office will have
five teller win
dows and will
have a variety
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
Dun & Brodstreet Lists
Substantial Store Gains

NEW YORK, June Is (P).-
Retail sales in the week ended
Wednesday increased substanti-
ally over the preceding week and
were about equal to the volume
of a year ago, Dun & Bradstreet
reported today.
Dun & Bradstreet estimated
the total dollar volume of retail
trade for the week to be from 2
per cent below to 2 per cent
above the level of a year ago.
Regional estimates varied from
the comparable 1853 levels by
the following percentages: Pa
cific coast, down to s; South
west. down 3 to up /; New Eng
land, East and South, down to
up 8; Midwest unchanged to UP
4; Northwest up l to S.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25

of departments, including safe
deposit facilities. There will be
plenty of room for expansion.
AS announced previously,
Scott D. Morris, assistant treas
urer, viii be manager. George
c. Gilman will be assistant man
ager. A reception will be held
at the new branch Sunday after
noon. Business, government and
banking leaders have been in
Vited
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
Investments Expanding

Investments on June 16
amounted to $505, 100000 COM
pared with 100000 week
earlier and $493, $4,000 on De-
cember 80. They were 0.5 per cent
above $500, $4,000 on June II
last year.
Outstanding loans of $780,
$4,000 were above 1891 ,275, 900
a week earlier and 1888, 1886, 900
on December 80. They also were
8 per cent above 1862, 936,000 a
year ago.
Included were $157,920,OO0 OF
commercial loans, which were
off $772,00 in the week, but 6.5
per cent above a year ago. Real
estate loans of 1922, $4,000 were
up 81, DAT 900 in the week and II
per cent above a year ago. Other
loans of 100000 were $685.
coo higher for the week and 8.5
per cent above year earlier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
New York Produce

NEW YORK. June rs, P,-USDA.
Butter steady. Receipts 470. 1888, prices
unchanged
UNCHANGED.
wholesale egg prices were unsettled
on nearby medium whites and smalls
and steady to nrm on the balance; Re.
on exchange and other volume sales.l
New York spot quotations follow: In
Guides Midwestern: mixed colors: extras
Ibs.D $3.50; extras medium 34-34 "a;
standards large 331z-34iz; dirties $3.50;
checks 1921 Whites: extras $3.50 lbs;
4OIz-42: extras large l45-4S lbs.l 3s-4O:
1880 Ibs) 4I-42: extras large l45-4S
lbsJ 39-40; extras medium 34-34 "a.
Nearby: Whites: top quality 1880
26-26i; peewees 1915. Browns: top
quality 1850 lbg.). 43tz-4491: mediums,
1886: smalls 2Sh-291s; pseEees 1918.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-06-25
Vepco Reduces Costs

An important factor in the i'm
proved earnings of Virginia Elec-
trio and Power Co. has been the
relatively lower costs of opera
ton which resulted from lower
electric products costs, reported
President j. G. Holtzclaw today.
In an interim report to stock
holders, Mr.. Holtzclaw said the
lower production costs were due
in large measure to a further in
crease in generating efficiency
and lower fuel prices.
AS a result, the average unit
cost per kilowatt-hour in the
first quarter of 1854 decreased
9.6 per cent below year earlier.
The addition of $4,000 new resi-
dental customers in IL months
ended March 81 and an increase
in average use contributed to
larger revenues.