Evening star., 1955-05-06
Vepco Boosts Dividends,
Plans SIS Million Bonds

343. 900 on April q, a gain Of
$l,615.000 from a week earlier
and $54.142 900 or 1875 per cent
above a year earlier, the Federal
Reserve Bank of Richmond re-
ported today.
The latest total was close to
the all-time peak of SAG. .692, 900
on April 13 and also was $62, ,457,-
600 ahead of the mark for De-
cember 30. 1854.
Commercial loans on April 81
aggregated Sl94,043,000, a de-
cline of S704.000 for the week,
but $33.709,000 or 81 per cent
above the like 1854 date. They
were slightly below their 1856
peak of $197,I49. 900 on March
%, but were $39. .808, 900 higher
than at the end of 1854.
Real estate loans amounted to
$128, 1886. 900 on April 81, a de-
crease of $533,000 for the week.
but $9,196,000 or IL per cent
above a year earlier. They were
$11. .795,000 higher that at the
end of 1854.
Other loans, mostly consumer
loans. rose to $116,188, 900 on
April 81. a substantial gain of
$2,81l 900 for the week and were
just about even with Sl06,l57, 900
a year earlier. They were SO, ,27O,-
600 above December 30, however.
Demand deposits totaled $685.
$4,000 on April 81, a drop of
$22, ,843, 900 for the week, hut still
SIG, 6,096, 900 or So per 0ent above
a year ago. Time deposits of
56,946,000 were down S234 900
in the week. but $34,954,0O0 or
Is per cent above the like 1854
date.
WGL Hearing Scheduled
The District Public Utilities
Commission today scheduled a
hearing on proposed So million
first mortgage bond offering of
washington Gas Light Co. for
10 am. on May Is.
The company plans to offer
the bonds at competitive bidding
and bids will be received up to
IL am. on May 25.
Applications for approval have
been filed with both the District
and Virginia commissions and
registration papers have been
filed with Securities and Ex-
change Commission.
TOOlmakers Due Here
A significant look at the Ma
tion's economic barometer for the
second half of 1855 will take
place at Hotel Statler here next
Monday and Tuesday when trus-
tees of the National Tool and
Die Manufacturers Association
mold their annual spring meeting.
Jerome H. Stanek. association
president. and George S. Eaton,
executive secretary, will report
on the outlook in this industry,
comprising 900 shops that tool up
consumer and defense products.
Many of the year-end and 1856
models already are in the tool
lng-up stage and the tool and
die shops, as a result, are in a
position to forecast the scope
of activity ahead.
Joins Hirsch Office Here
Capt. Homer B. Hudson, U. S.
NJ, retired, has become associated
with the Washington Office of
Hirschs d Co., members of the
New York Stock Exchange at
1886 I street NV, it was an
nounced yesterday by Harmer
Reside, Office manager.
Capt. Hudson has had a long
naval career since his graduation
from Annapolis in 1923 and re-
ceived a Bronze Star citation as
commander of a task group in
Brunei Bay, Borneo, in June,
1945. His last assignment was
in the Office of the Inspector
General of the Navy Department.
Wess Heads Program
Harold B. Wess. professor of
business administration and mar
keting at American University
and retired vice president of R. II.
Macy g. Co., has been appointed
director of program for the uni
versity's newly established School
Of Business Administration.
In this capacity, he will guide
the development of the school.