Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-15
IofFEfR COMPANY.
ELECTS OFFICERS
pN = g..
Netephsne increase for Wash
hston Since January ! Is
Reported by C. &P.
BY EDWARD C. STONE.

At the annual meeting OF the 0oDol"
Iaofaer Co., held in New York yester.
day. Andrew D. Lcmer. W., OF TINS
ANDREW b. Eoflier. jr:, also Of wash
ington, was elected FIRST vice president:
while other ofhcers chosen included
Malcolm d. Hunter Of New York. sec
ond vice president, and w. A. 1ngra-
ham, secretary.
Morgan Townsend, another wash
tngton man. was elected TREASURER,
and 4. c. Brandenburg. q Warrington
attorney, was named general counsel.
The 6obel.Lofher Co. 10 very I'M
portant meat concern and has main
tanned big packing plant at Bennings
for many years, carrying several nun
bred employees on the pay roll.
President Lofiier stated today that
al purchases for the local plant VIII
be made in washington. Much i'm
portance will be attached to this an
nouncement when the colmpany's yearly
volume Of buying Is taken into con-
sideration.
The companyS stock is listed on the
New York Exchange. While the
washington plant II one OF the con-
Germs most important units, the hrm
does an extensive business IN other
parts OF the country Mr.. Lofner. the
newly elected president. has made an
industry, having originated several
products that have had q very Wide
sale.
ID. C. Phones Increase.
Telephones In Washington continue
10 increase while other parts OF the
country show substantial losses. For
the first 6 months Of this year there
has been o net gain Of 4.022 telephones
IA the District Of Columbia, as COM
nared with 3,04e for the flrst 8 months
Of last year, according to q statement
made by John A. Remon, general man
ager.
For the Chesapeake d Potomac Tele-
phone Companies operating in the DIS
trict Of Columbia, Maryland. Virginia
and West Virginia there has been net
aain of 1905 telephones since Janu-
ary l.
Declares Saving Is Spending.
Saving q goodly part'of their earn
OF life compel them to spend Is the
only way the great mass of workers can
make permanent and secure for them
selves q part Of the fruits Of their work
and earnings" says Rome c. Stephen
son, president Of the American Bankers
Association. Saving Is not boarding.
Money rightly saved is not idle. 1t Is
put 70 xo T. crea rstv GUY ~ o. TN e t,tMrs
~ y % 1 nss., so ~. s-v ~ +h.s. A.vs ~
49,. Ws nsa 49,. sn,d,r: ;ns,,r.ncs IN
Spsnu sao su -. - th... ere sn,en-
x " e . I'LL .. s savirs. y,
Gao Wye 70 speno ta trn,Vs ~.
.ness rc hns,1 H :. ~ Ncrth Trn1,, the
1n,,th pn,. Mis.rIv ho.rHinr ,nnecese
."rN ..,ssd.nt.T a. ne,thsr the in.
S,1idvsi ror tbs Nst,en any sood. Rut
= .ound .sv;n.s rrcSTSra is tSe hest for
Sctb ..
I
Capital Traction Holds. Gain.
Capital Traction stock held its gain
Of yesterday on the washington Stock
Exchange today, two 1o-share sales be-
ing recorded at 80.
trading In local issues today. the larger
transfers taking place ~ 1898: oas,
series B bonds. injured IN . srneh Turn
ever at 1854 800 8 :. =. III.
Peoples Drug HteEek RretsFred record.
90 small lot sale ~ lvV1tS wlnolng up
the days sales: -. ~.
no STOCKS on. ne local ooeTa $500 ass rev
Suoted ex olvioeno. several MWoeno