Evening star., 1924-01-24
LAND BANK HEADS
WILL MEET HERE
Federal Farm Loan Board
Calls Conference-Phone
Earnings Show Drop

conference of the presidents Of
all Joint stock land banks has heen
caiieo by the Federal Farm Loan
Board, to be. held here February
ana B. 1t was announced this morn
ihs' mere are approximately seventy
banks in the system.
rms conference will be belS fo,.
the purpose of discussing many i'm.
portaht matters relating to ,ba
banks activities. and for the fustbar
development of closer co-onera,ion
between the banks and the board
In calling the conferences tho hoard
emphasized its desire that each tr.ti
tuition be represented
Telephone Earnings Repor,
vet income of the Chesapeake and
fotomac Telephone Company slu1nn.
| ea slightly more than SO 0Oo durina
Dtce1nber. 1923, as compared wftb ~
| rorn[esponaing month last year. il was
! closed T th .hIs morning. This utility
! gnE,ZSV, compared with sll2924 In
DDecember. 1922, and with sI2Ssos IN
| november, 1923 j."
| iosad ssdo operating revenue amounted
s357.332. Taxes assisnabIe n 'oIalrne onara
s32.571. '1'iole aggregated
| Total plant and equipment added
curing eoi the month amounted to s5S2-
49,; 40 mi.h Tetlrements of 1920. leav-
| IHs net plant additions for December
OF S4So.0SJ These net additions Tor
| beceinber We're abnormally high. due
| 70 the acquisition of the building
\ 18th street. "''iee' oh
More telephones were installed 10.
| caily in the past year than in any
previous year in the history of the
company with the exception of the
war period. il was said. These to-
tailed 1867 in 1928. as compared with
6,s06 the previous year
During 1917 1929 phones were in
stailed, and in 1918 the number was
| increased to 13.94s. This artificial in
| SrfEiase efi Drought about by the war was
| Followed in 1919 by loss of l.sI2
stations; 1920 showed return t.
normaIcy by gain of 47OI which
was further increased in 1921 to
| 1858 gained.
New Bonds Put on Sale.
The s50.060,000 of Canadian Natiora!
! railway per cent thirty-year bonds,
! guaranteed as to principal and inter
est by the Dominion of Canada
awarded Yesterday to syndicate,
| We're offered to the public this morn
ing at a price of 9s1a and interest.
] less
! certain concessions, on round amount
=, 70 investors. Dealers concessions
\ nave not as Yet been fixed
| Ihe syndicate secured the offerinr
On thelr Did for distribution in the
canadian market. The offerings
! greatest appeal is to insurance com
palnes in the United States who do
| canadian business, and to indiyiduaIs
and corporations who have funds Cr
! deposit in Canada:
Surplus Cars Increase.
SURPLUS freight cars in good r..
pair ana immediately available for
! use totaled 353,190 on January Z an
! increase of 41,452 over the number of
isucn cars reported the previous week.
/ vi th total number, 165g15 We're
! sur rpiuS coal cars in good repair an
increase within week of 1886.
| while there also was an Increase
within' the same period Of 21.2S2 in
! the number OF surplus box cars which
brought the total for that class of
| equipment to 15l,245.
Hank Club Elects Officers.
/ AT the January meeting of the Fed
| eral american National Bank Club.
| held yesterday, the following newly,
[ eiected ofhcerS were installed: Pres
| ldent, George NJ. Rowzee; vice presi
| dent, Ella NJ. Williams: secretary
Anna r. Schubert, and treasurer,
Lewis L. Thomas
Exchange Trading Dull.
Washington Stock Exchange trad
ing was dull and featurelesS this
morning, only favorite issues being
traded in at unchanged prices. Cap
ltal Traction stock held at 96h, with
the D per cent bonds of the comnanv
unchanged al 96. Railway IS broueb, ,
I1A and Washington Gas Is Of 1ess
100A.