Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-09-27

csorvs " White $314,Oo3.73 a yea
ago, difference
of S19,648.28. After deduction of eX
penses the company had a gross incom
from operations of $364,73920, agains
1907 Off, go in August, 1927, an increast
of S57,711.60.
Summary of earnings for the frs
eight months of the year shows groS:
income from operations of $6,105, 428.42
compared with $5,542 895.08 last year
or a gain of $500, 53334. Total operat'
ing expenses were $2,617, 381.93, againS
So. 462, 1884 in the corresponding eigh
months last year, an advance OF $l5l,'
$4,000.
After the usual expense deductions
the company had a net income from
operations of $3488, 046.49, against
So ,O80, 05624 last year, or an increase
of S407, 99O25. After all other deduc.
tionS the corporations had total ne1
income for the period of $2,368, 81
in comparison with $1,907, 39079, an IN
crease in net so far this year or $780,
387.78.
w. r. & E. Report Also Filed.
The Washington Railway & Electric
Co. also filed its report with the PUBLIC
Utilities Commission today. This report
also contained summary OF earnings
for the first eight months OF the year
Deduction of all expenses left with the
street railway company with a total net
income for the eight months of S1,204,-
1926, against 81 ,088, 359.34 in the cor
responding period of last year. This Is
a gain of $ll6,22302 so far in 1928.
Operating expenses for the eight
months amounted to 1885, 697.99
against $3,904,566.02 a year ago
Operating expenses and taxes were So
161 ,0S9.32, against S3,253,066.51. BY
taking the expenses and taxes from the
operating income, the company was LEFT
with a net from operations of $674,6O8.-
81, against S651, 47951 last year.
The corporations operating expenses
in August amount to $434,286.31, against
S443,O83.56, while operating expenses
totaled S336,479.92, compared with
$685. 35.77, leaving a net income fol
the month from operations of S47,606.39
against $54,247.79 in August, 1927.
Three New Directors Elected.
At the annual meeting of the Bank
of Commerce & Savings, held this fore
noon in Alexandria, three new men,
bers were elected to the board. Those
OdIUGQ WGIG EG1lIOll ONC14os IL
Chewing and j. F. Maury, all widely
known Washington business men. The
complete board chosen today follows
Maurice D. Rosenberg, Joseph San
ders. William A. Bennett, Irwin OW-
ings, John M. Riordon, Joseph H. Mi
lans, DR.. Clarence A. Weaver, AleXan-
der Wolf, Louis Bush. Floyd E. Davis
Ellie Sheetz, A. S. Galley, M. A. LeeSe
A. Brylawski, C. E. Edwards, Harry E
Mayor, r. L. Elliott, G. A. Kneessi, Sol
Lansburgh, Vernon Owens, E. T. Chew
ming, James E. Colliflower and j. F
Maury.
The executive vice president. John M
Riordon, reported that substantial in
crease in assets of the bank had been
made during the past year. He said
the bank had grown in every depart
ment.
The officers for the coming year will
be elected at the regular meeting OF
the board of directors in November
Maurice D. Rosenberg has been presi-
dent of the institution ever since its
organization.
Bank President Nearly 20 Years.
George w. White, president Of the
National Metropolitan Bank, is now
rounding out 20 years as head of this
venerable institution, having been placed
at the helm in January, 1909. From
1885 to 1904 Mr.. White had been with
the same bank, passing through every
important position. In 1904 he became
one of the organizers Of the Commercial
National, also being cashier and vice
president during the term of service
which continued until his election to his
present post.
Mr.. White is considered one of the
ablest bankers in the National Capital
In addition to his duties at the bank
he is president of the Potomac InSur-
ance Co., treasurer of the American
Peace Society and of the American
Automobile Association. member Of the
New York Avenue Presbyterian Church
Emergency Hospital Board, Chevy
Chase, Columbia Country and City
Clubs, as well as of the University anc
metropolitan Clubs.
He is on the board of directors OF
the Lanston Monotype Co. and of tht
PARK savings Bank. The bank he head,
is ia years old, its only rivals in th'
city in point of age being the Nationa
Bank of Washington and the Farmer!
& Mechanics National of Georgetown
Washington Gas Active Today.
One hundred shares Of Washington
Gas Light stock sold on the local Stool
Exchange today at 100. Ten more solt
at 101. The remainder of the marke
was broad and active.
Sanitary Grocery was lower today
| selling under 142, following the an
nouncement of a probable merger witt
| SafeWay Stores. The only bank stool
out was American Security g. Trust
which changed hands at 460.
| Railway preferred sold at pal
Mergenthaler at 1902 and other stock
around recent levels. Bonds got thei
full share of attention
Ice Report Arouses Interest.
The many local holders of Amer
lean Ice Co. stock are greatly intereste
in the report that the company wi
probably earn from $3.50 to SIS op tn
! common this year. It is reported i
New York that an extra cash dividen
of 81 at least may be declared at tn
December meeting
Action is expected shortly on tn
proposed consolidation with Atlanti
Ice e. Coal Co. of Atlanta, Ga. Upo
the return of several directors a pla
embodying an exchange of stock ma
be worked out. The merger woul
give American Ice up-to-date plant
and distributing facilities in Georgi;
IoI oY Elnrida