The Washington herald., 1922-02-14

OPERATING INCOME
TOTALS S97,427.B
Gains $i5,911.31 Over 1920
And $17,544.22 Over
November, 1921.

The Chesapeake and Potomac
Telephone Company here was. con-
Quoted at a total operating income
OF s97.427.73 during the month OF
December. 1921. according to a
statsment of earnings filed with the
Public Utilities Commission yester-
day This sum represents a gain
OF si5.91l.31 over the corresponding
period one year ago and a gain OF
sl7.544.32 over the previous month
of November, 1921!
TIE total telephone operating
revenues for the period amounted
to s436, ,S17.27, the report shows.
from which was deducted s3l4,-
206.6S for operating expenses. The
uncoflectible operating revenues
amounted to ST99. leaving a total
net operating revenue of sl21,67S.34.
Total deductions of s24.25O.6I were
madr. including s23.45l.6l for taxes
assignable to operations.
aoA. I. ID. Imports Speaker.
Edward E. Splitter. manager, OF
the foreign department of Heidel-
bach, Ickelheimer and Company. of
New York City, has been secured to
address the open meeting of the
local chapter. American Institute of
: Banking, to be held in the small
ballroom Of the willard Hotel on
Monday evening, March 20. accord
Ing TO report made by Charles
u. Boyer. chairman OF the educa-
tional committee. yesterday. The
meeting will be called to order at
o'clock.
The acquisition OF Mr.. Splitter for
the principal address of the even
ing was made possible through the
efforts of William Feick, president
of the New York chapter, Mr.. Boyer
announced
status of Chevy Chase Bank.
The newIy-incepted Chevy Chase
Savings Bank is mailing a circular
letter to all stockholders and direc-
tors calling attention to the fact
that deposits passed the 100000
mark on February 10, according to
announcement by Cashier Troth
yesterday.
, This savings institution waz
Nthrown open to the public on De-
cember l, 1921. with deposits OF
S25,4l6.72. On December Is this
sum had grown to s46,67s4S, and to
s5s,7s7.73 on December 81. On Jan
uary 81 total deposits amounted to
sT2,oS7.59, and to s101,237.50 at the
close OF business February 10.
O1icers and directors, needless to
say, are much elated at the progress
being shown
A. i. b. Meeting.
Robert V. Fleming, vice president
and cashier of Riggs National Bank
will address the elementary class
American Institute of Banking. to-
night on Transit Department and
the Federal Reserve System"
Local Securities.
change closed on account of former
President Lincoln's birthday. trad
ing activities were confined entirely
to local stocks yesterday.
Two hundred and ninety shares
of Washington Railway and Electric
=. preferred sold at 6s, while 100
snares of Capital Traction changed
hands at ss, so of these being sold
after call.
There were also IS shares OF
Washington Gas Light stock dis
posed of. IS of which sold at 4sh
and 10 at -. Two shares OF Con-
tinental Trust went at 93, and Il
shares Of Lanston Monotype brought
~. and Is shares of Mergenthaler
Linotype sold at IA.
In the bond market $4,000 worth
OF Potomac Electric general refund
- were disposed of, 5000 of which
brought 1861 and $4,000 los. Two
$500 Washington Gas Light IL $
changed hands. one at 1851 and one
at 1854, while one of the SAINT
cOmpany's $500 IS brought S9Ia.