Evening star., 1924-12-26
TELEPHONE INCOME
REVEALS DECLINE
Difference of $4,000 Over
Same Month Year
Ago.
BY CHAS. II. sHAEFFER

NoVember's operations of the
ccnesapeake and Potomac Telephone
20; netted $112,502, loss of about
go,ooo as compared with the cor
daoro month last year, and a
uecFease OF $4,000 from the net
reported in October, 1924, accordine
- statement filed with the PubIic
otllties Commission this morning
me operating revenues in the
month mon amounting to s499,S were s13
Ooo sreater than in 1923, expenses took
on on approximately $4,000 additional.
-,ef, asslsnable to operations and
uncoIlectlDie were UNCHANGED At
$3o,57, while other sources ~ ~
come reported loss of s612 as
against profit of $2,662 in Novemhcr
of last year.
Net additions to plant and equfp-
i,ient ADDED during the II months or
the year totaled s1,42S, ,39o.43, tncIud-
ing s'"4'S5796 in retirements.
Bank Call Due Very Soon.
Col. J. W. Mcintosh. nev1v ,r...,,o,
controller of the currency is go,
, ed to issue his initial call for ststo
fneht or condition of all local hank
as or the close of business Decemher
81 next = Seiiipet
Durlng the present administration
the lncumbents of the controllers offica
naNe seen nj to discard the previous
practice of spasmodic requests. limit
ing tne calls to four a year dated
at falrly regular intervals oF thu
months each. The second call 80,
year has been dated June 30. the
eholhg or the fiscal year, while tbe
Iast call has been dated Decarnber
o. the ending of the calendar wear
which provides the Government ofIce
~ teh slatistlcs easily and accurately
IL ~ " pa d pie.
Deposits undoubtedly will SHOW
small decline from the high mari
reached October 10 last. the date of
the previous call, when the huge sun,
OF $214,53S, ,064.5O was on deposjt in
the banks of this city. Thev bayc
Deen abnormally hevay during the
current quarter, but, on the other
hand, Withdrawals for YuIetide ev-
penditures have been correspondents
large. washington merchants
STOCKS of goods will call forth A
goodiy sum in payment thereof, with
these drafts being reflected in the
year end statements.
individual accounts are not expected
10 play an important part in the figures
"hiie Withdrawals of these accounts
nave also been abnormal. drafts have
peen oHset to "A great extent by rede-
posts Of bonuses. Christmas savings
checks and December dividends
Treasury Bond AIIotmcntS.
The Richmond Federal reserve dis
trlct was responsible for s9.222.60 Of
the total amount of s756.743.5 500 of
per cent Treasury bonds of 1944-54 re-
were allotted. OF this amount SPAS 500
were allotted in csh, S1,J19. 200 allotted
on exchange of IA per cent Treasury
notes, series A-1925. maturing March .
next, rendered in payment; sl.o25. 600
on per cent Treasury certificates of
March 10 next exchanged and s433.66O
exchanged on the third 4 a per cent Lib
erty loan bonds.
Allotments throughout the country on
cash subscriptions totaled S224. $40, 500.
Lethargic trading ruled on the
Washington Stock Exchange this morn
ing. with one speciality and two favorite
issues representing activity. Ma
tlonal Mortgage and Investment pre-
ferred was unchanged, selling to the
extent of 200 shares at 9h Capital
Traction stock also was unchanged
but firm at its present level of 81 81
fifteen shares changing hands. One
Washington Gas per cent bond OF
$500 denomination brought 80.
Employees Issue Paper.
The Clearing House Key, monthly
publicat ton of employees of the Riggs
National Bank, has again made its
appearance after a suspension of sew
eral years. 1t is edited jointly by
W. a. II. Church, jr., and W. NJ. Ran
kin, jr, and contains 16 pages of
bank news, wit and satire, commend
able in purpose of promoting good
fellowship and laudable in appear
ance.