Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-24
PHONE EARNINGS
INDICATE .UPTURN
IN BUSINESS HERE
Net Revenues for April and
Four Months Far Ahead of
Same 1890 Periods.
CALLS DURING MONTH
SHOW 7 PER CENT GAIN
Junior Bankers to Visit City-Bond
Club Elects-Echoes of
Mutual Convention.
BY EDWARD c. STONE.

BY INWARD c. STONE.
Net .ncon,e Of the Chesapeake g.
Potomac Telephone Co. in April, to-
tailed S1Ts,902, compared with $125,647
in April, 1890. according to the monthly
statement Just fled with the Public
Utilities Commission. This is a gain of
S45,255 over the same period last year.
An increase IN the number of telephone
calls made in April is a.so reported,
indicating greater local business activity.
Chesapeake & Potomac Telephone
operating revenues for April amounted
to $795.844 against ST40,501 in April,
1880, while total operating income after
the deduction of taxes and uncollect-
ableS SCOT ,405, compared with $751;, 284
in the corresponding month year ago,
the report shows.
Telephone operating revenues for the
four months ending April 30. amounted
to ,355, as compared with $751;
orr fer the same period last year. Total
operating incomes after deducting taxes
and uncollectables for the first four
months Of this year amounted to $685.
616 as compared with S559,513 for a
similar period in 1880. Balance net
income for the first four months
amounted to $500, sos. as compared with
S437.548 for the same perod last year.
an increase so lar this year OF $15Z,9oT.
More Telephones in Use.
Taxes during April amounted to
S58.496, which was an increase OF
1920 over the month of April last
year. Taxes for the first four 'l.onths
of the year were S222,195, an increase
OF $33, $40 for a similar period in 1880.
Capital expenditures for new plant
and equipment added to the company's
system in the District of Columbia for
the four months ending April 80
ments during this period were $381 ,086,
making net additions S330,39
There were 17l.814 telephones In
Washington on April so, 1894 having
been added to the system since January
]. In April telephone uses made
19,192.000 calls, which was an increase
OF per cent over April, 1880.
Junior Bankers to Visit City.
About 200 delegates to the Irrational
convention CT the American Institute Of
Banking. which opens in Pittsburgh on
June 8, will be the guests. Of Washing
ton Chapter on Sunday, June Z. They
are stopping OF here from New Jersey,
Pennsylvania, Delaware, Maryland, North
Carolina. Virginia and Tennessee.
They will be in the city by Sunday
noon in time for dinner at the Shore
haIa Hotel, then be taken on an ex-
tended sightseeing trip throughout the
Capital. An entertainment viii be pro-
Yided at the hotel in tlle evening before
thew continue to Pittsburgh
T. Hunton Leith, a member Of the
National Council. A. I. B., Is chairman
OF the Entertainment Committee. which
Is made up Of four past presidents and
two former chairmen of the Women's
Committee, including Frank NJ Perley
]. j. Roberts, James A. Eoper, Miss Lois
A. White and Miss Mabel v. Royce.
The visitors VIII leave Washington
aboard a special train at 10 O'Clock
SUNDAY evening, being accompanied by
the Washington Chapter delegation of
80 members. The local chapter will
send the largest representation on
record, with the single exception Of the
Philadelphia convention. The party
viii be in charge of Mr.. Leith, who has
another year TO serve on the council.
Bond Clubs Annual Meeting.
Following the election OF Lawrence
M. Proctor, president; T. Baker Rob-
1nSon, vice president, and Charles M
Henderson, secretary prizes
were awarded at the annual meeting
OF the Bond Club Of Washington at the
Manor Club Friday Three members
were tied for golf honors-E. Percival
Wilson, National Savings g. Trust Co:
Q. H. Sevrance OF z. H. Robbins &
Sons, and Ezra Troth, Chevy Chase
Savings Bank. Mr.. Troth was finally
decided the winner. The second prize
went TO Hubert r. Young Of Gillet
& Co.
In the putting contest, Earle F..
Amick, Riggs National, took first prize
and Dave Thompson, a guest, second
n. p. Dunn Of Auchincloss. Parker &
Redpath, won the ping pong contest
with d. F. Roberts of Acacia Mutual
Life second. James H. Lemon, James
M. johnston 81 Co. captured horseshoe
pitching honors. After the Stock Ex-
change session, Sidney T. Thomas
Gnlet d Co., was presented an auto
mobile; Thomas w. Brahany, e. A.
Pierce d Co, moving picture camera
end A. W. Howard, Foreman's Insur-
1rce Co.. set of golf clubs.
1t was voted to change the bylaws
so that the annual meeting can be
held either in May or June In the fu-
ture.
Financial District Comment.
It was announced yesterday by F. P.
H. Siddons, general chairman OF the
D-stl.ct Bankers Association conven-
ton to Do ..eld at Hot Springs in June
that reservations to date have been as
time. This is considered highly crafty
ing by the bankers, as the attendance
last year vas the largest on record.
The first hot waiter is certain to
intensity interest in the annual meet
nIx. The program has been extended
- Include report By John Poole
president Of the Federal-Amercan Ma
tlonal Bank & Trust Co., for a COM
fnittee which has been working for a
long time On a matter Of special in
terest to the association. The routine
reports will also bring out important
Information on local banking and eco
nofnic conditions.
The national convention of Mutual
Savings Banks brought many distin-
gnshed bankers to Washington. While
there are no mutual savings banks here
many of their problems are common to
all banks. The address by julius
Barnes drew unusual comment Per-
haps his most startling statement was
that President Hoover had told him Of
20 qualified men declining to serve on
the Tariff Commission because they
would not expose themselves to the
disparagement of senatorial confirma-
ton"
Support Of the railroads Efforts to
increase revenues, favoring optional
membership In the Federal Reserve