Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-11

Ills Special committee Is maze
up of Chester Lockwood of Hartman
& Co.. A. Chester Flather of G. M. P
Murphy d Co. and Arthur Foraker
head of the local Office of Eastman
Dillon IL Co. The committee will meet
during the present week and make its
report at meeting TO be held next
Monday.
The sponsors of the move were much
pleased with the large attendance. 1t
Is expected that the two firms not rep
resented viii have representatives at the
next gathering. AS noted yesterday. pro-
lection against undesirable customers,
agreement upon minimum commissions.
the minimum number of shares that can
be bought in odd lots on margin and
other similar questions will come in the
province of the new organization. There
are thousand and one things that can
aoVantageouSly be taken up by an or
gsn1zation of this kind, said one en-
thusiast today.
Bank President Has Birthday.
George w. White. who recently COM
pleted 81 years as president Of tbs Ma
tional Metropolitan Bank. received
many hearty congratulations today
from close friends on the occasion of
his birthday. He observed the ami
verSary quietly. however, putting In a
busy day at the bank
Mr., White was placed at the head of
the National Metropolitan 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.
In addition to his duties at the bank
Mr.. White is president of the Potomac
Insurance Co., treasurer of the Amer
lean Peace Society and of the Amer
ican Automobile Association, treasurer
of the New York Avenue Presbyterian
Church, member of Emergency Hospital
Board Chevy Chase, Columbia Country
and City Clubs, as well as of the Uni
versity and Metropolitan Clubs.
He is on the board of directors of
the Lanston Monotype Co. and of the
Park Savings Bank. The bank he heads
is 1l6 years old, its only rivals in the
city in point of age being the National
Bank of Washington and the Farmers
n Mechanics branch OF Riggs.
Three New Telephone Directors.
At the annual meeting of the Ches-
apeake & Potomac Telephone Co. yester-
day three new directors were added to
the board. They are Robert v. Fleming,
president of the Riggs National Bank;
Gilbert H. Grosvenor, president Of the
National Geographic Society, and Merle
Thorpe, editor of the Nations Business.
A full account of the other business
transacted appears elsewhere in The
Star.
Last year the companys operating
revenues amounted to So 1884, l66, which
was an increase of S.31 per cent over
the previous year. Expenses, including
depreciation, uncollectable. taxes, rent
and miscellaneous deductions amounted
70 S6.740.S55, or 875 per cent more than
the previous year.
Net telephone revenues during 1929
were 81 ,593,31l. Incorporating income
amounted to $751; 49, making total net
earnings of 81 ,668. 400, available for in
terest and dividends.
Local Retail Sales Improve
Department store sales for January
we're per cent smaller than in the cor
responding month year ago, accord
ing to preliminary reports made to the
Federal reserve system by 400 stores
located in leading cities of all Federal
reserve districts For the country as
whole the decrease was the same as
that shown in the comparison Of De-
cember with December year ago.
The Fifth Federal Reserve district
which includes Washington, was one of
only three OF the II districts TO reveal
gains. The Richmond district had a
gain of ! per cent over last January
Boston led the list with 7 per cent
advance and New York followed with
per cent improvement
Atlanta sales were off the most.
decline of IS per cent being noted, while
sales in the Minneapolis district were
of Is per cent and those at Dallas of
IL per cent.
Percentage changes in sales between
January, 1929 and January 1890, are
nriVen hv districts in the following able.