Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-25
DIRECTORS NAMED
BY SAVINGS BANK
Satisfactory Years Business
Reported by Commerce &
Savings at Meeting.
BY EDWARD G. STONE.


elected at the annual meeting of the
Bank Of Commerce & Savings stock
holders, held at IL O'Clock today in
Alexandria, Va. The bank holds a
Virginia charter. having organized in
1907. NJ. d. Rosenberg, who has been
president Of the institution ever since
1t was founded, presided at the meet
ing, and John M. Riordon, the execu
tive vice president, reported a satisfsc-
tory years business.
The board of directors elected at to-
days session includes: Maurice D.
Rosenberg, Joseph Sanders, Irwin Ow-
tngs, John NJ Riordon, Thomas J.
Groom, Joseph H. Milans, DR.. Clarence
A, Weaver, Louis Bush, Harry NJ. Bedell,
j. z. Collif1ower, E. T. Chewing, Floyd
T. Davis, r. L. Elliott. G. Z. Edwards,
A. S. Galley. G. A. Kneessi, Sol Lans-
burgh, NJ. A. Leese, Harry E. Mayer, j.
r. Maury. Vernon @. Owen, Ellie Sheetz
and Frank Owings.
The board will meet i'll about week
70 organize for the coming year with
the election Of officers.
c. q p August Net Reported.
Net income of the Chesapeake a.
Potomac Telephone Co. in August was
eB5. 04e.3l, compared with 500, 1885,
In the same month in 1929. according
70 the report fled with the Public
Utilities Commission.
Net earnings for the first eight
months Of the present year were $685.
66S.25, in comparison with S3I6,879.72,
in the similar period a year ago. Tele-
phone operating revenues in this same
period were s5,7062436O, this year
against S5,516.031 SO IN the first eight
months of 1929.
Complete comparisons between earn
tngs In August 1880, and August. 1929
follow:
Telephone operating
revenues -. ssss, 1858 ss57,26s.ss
expenses .... .- 4s1,27Osi 4s7 ,sssss
Net operatins rev
iectible .........'. 47ssl.S7 4s.77sl7
Mn eS%s is:o: sSsgg :: e
cross income :. si82,o83.6o iI29.8445O
r sR:ss' Solicitations: 1885 1884,: 1856 1865;
Ne. income. ' 'ss ssssP :Sa:IssSs
Washington was served BY 1852 1896
telephones on August 81. This was an
increase of 3,4S3 since January l of this
year. During the month telephone users
made 14,256,5 calls.
Metropolitan Declares Dividend.
The National Metropolitan Banks
board of directors yesterday declared
the regular per cent semi-annual div
idend, payable October Is The books
are to be closed from october to IA.
inclusive. the president, George W.
White, announces.
Directors of the American Ice Co.
have declared regular quarterly divi-
dend of rs cents on the common stock
of the company and / =. per cent on
the preferred, payable october IS to
stockholders Of record October 8.
In the past eight months of 1880
total of Se,67e.501, 600 of new life in
surance was purchased, according to a
compilation Of the Association of Life
Insurance Presidents. This amount ex-
ceeds by SGT, 900 900 the volume of life
insurance issued in the corresponding
portion Of 1929
According TO an analysis of records
By a large life insurance company. more
physicians and surgeons purchased life
insurance in excess of $4,000 than
any other class Of men during the past
month
The directors Of the Anacostia Bank
at q meeting yesterday afternoon de-
clared the usual per cent quarterly
dividend due at this time. The dis
bursement is payable September 80 to
stockholders of record September rs.
Today's Trading on Exchange.
Trading was quiet on the washington
Stock Exchange today. The first sale
was Capital Traction, 10 shares changing
hands. ex-dividend, at 591.. The next
sale was the transfer Of a nine-share lot
at SO nat.
Ten shares Of National Savings g.
-
exception Of United States Savings
Bank this Is the highest price bank
stock on the local exchange. Todays
transaction was is points above the last
sale In the same issue
One other bank stock appeared on
the board-the Bank of Bethesda. Eight
shares changed hands at SIS, against the
last previous sale at SO. TWO hundred
shares of National Mortgage g. Invest
ment preferred came out at 5 and 10
shares Of Potomac Electric Power 8 per
cent preferred sold at 1l2 Only one
bond sale was recorded, 81 900 Railway
g Electric As selling at S9ss.
District National Bank has been
added to the ex-dividend list, also Con-
tinental Trust. Prince Georges Bank 81
Trust Co. and Security Savings & Com
mercial. The exchange passed set Of
resolutions prepared by Thomas w
Brahany on the death Of Albion X.
Paris, one Of the founders. The reso-
lutions are to be forwarded to the FAM
lily and placed on the exchange records
by Secretary c. j. Gockeler.
Financial District Notes.
Local bankers are expecting a call
from Controller Pole within the next
10 days asking for the condition of ali
Washington banks and all the nation
e banks in the country. 1t is expected
that the banks here will make an ex-
cellent showing since deposits are said
70 have held up unusually well since
the June call
1t is stated in the financial district
that New York interests have secured
an option on the purchase of the
controlling stock in one of the smaller
banks in Washington In recent wears
several attempts have been made by
outsiders to obtain a banking foothold
I'm the Capital
Maurice Otterback. president of the
Anacostia Bank, win leave here sat
urday TO attend the American Bankers
Association convention at Cleveland.
John b Larner, president of the
washington Loan &c Trust Co. has re-
turned from a few days visit at his
summer home, at Mif1intown. Pa.
&c. 9. Glover, ir., and w. w. Spaid
Rave been asked TO serve on committees
- NA4c EAoobNAdtSd ObOCk Exchanges. ITe
association takes in the Washington
Stock Exchange. and Eugene E. Thomp-
son Is president of it.
The statement of the American Tele-
phone & Telegraph Co, as of June
30. shows total assets Of S2.s44 63s 600
comparing with s2,477 ,023. $50 on De-
eennber 81, 1929. and surplus OF 1854. =
lof,77s. against 1910, 1882, 5se.
Bank Women Meet Tonight.
The members Of the Bank Wonen,s
Cub Of Washington will hold a meet