Evening star., 1934-10-31
c. g. P. Phone Net Higher.

c. e. p. Phone Net Hlgner.
Net income of the Chesapeake d
Potomac Telephone Co. in September
revealed a gain over the like month
last wear, being $780, ,220 against $147,-
Ole in September, 1888, according TO
the financial statement filed today
with the Public Utilities Commission.
Operating revenues during Septem-
ber totaled S788,842 compared with
S734,934 in September year ago.
Operating expenses called for S555, Ut
against a lower figure last year OF
S4934l6. Net operating revenues were
lower, leaving a net operating income
of $17O,258 as compared with $l7O,788
in the like month year ago.
Total gross income was practically
the same as the operating income.
Interest deductions called for 5000
against S23,832 in September, 1888.
leaving the above stated balance OF
more than S150000.
Washington was served by 1882
telephones on September 80 as COM
pared with only 1918 on the same
date last year There was net in
crease of 1888 telephones during the
the same month last year.
Phone Calls Increase.
For the first nine months of 1884
the telephone company reported oper-
ating revenues of $7,244, ,167, against
S6,767,787 a year ago. Operating ex-
penses were S5, ,458, as against S4,-
85,632 in September, 1888, leaving
net operating income, after deductlon
of operating taxes, of 81 ,585, 1888, COM
pared with S1,515,375 year ago.
Interest payments called for $751;
621, compared with S228,985 in the
like period a year ago, leaving a bal
ance before dividends of S1,349,775
against Sl,290,770 last year.
There was a gain in telephones in
use of 6,191, against loss in the same
months last year of 5,603. So far this
wear 176,934. 900 calls have been put
through, against 166, 100000 a year
ago, this including an increase OF $780,
900 calls in September.
New Corporation Started Here.
The National Invested Savings Corp.
has Just been organized in washington
under the laws of Delaware to supply
the capital for starting the Washing
ton General Life Insurance Co. The
new company has an authorized capl-
tai stock of S275, 900, $4,000 shares Of
common and 250000 shares of pre-
ferred stock.
William NJ Brown, educator and
lecturer, has been made head OF the
new firm. Samuel L. Hilton, past
president of the American Pharma-
ceutical Association, is a vice presl-
dent; Davit Burnet, tax consultant, Is
also vice president, and Joseph NC
Coy, connected with the War Labor
Board during the World War, has been
elected secretary.
Fred W. Buck, known as organizer
of the Federal Dispensary-Tax League,
is the new treasurer and superintend-
ent of agencies. The medical director
will be Dr. William G. Morgan, past
president of the American Medical
Association and widely known here.
The associate medical director is Dr.
Hency c. MacAtee past president of
the Medical Society of the District Of
Columbia and head of the medical
staff of the Garfield Memorial Hos
pital.
John H. Small, who has served on
many important Government commits
sions, has been named general counsel,
with Kelly Nash, special attorney in
the Bureau of Internal Revenue, as
associate counsel The auditor is
George S. CARL, who has held a SINH
lar position on many Western news
papers. The new company expects to
open for business about January /.
Today's Trading on Exchange.
Trading was active on the Wash
ington Stock Exchange today. Ana
costa g. Potomac r. R. bonds were
in demand at 78. Capital Traction
SIS sold at Ola. Riggs National Bank
preferred stock again moved at los,
Mergenthaler Linotype changed hands
at % while Capital Transit was more
in demand and got up to % at the
close
Virginia P. w. A. officials report
there are 60 unapproved Virginia prof.
ects now in Washington, calling for
S10,000000 in loans and grants with
about 80 of these projects seeking
S4,500,000, needing only the money to
start their contraction.
The New York Stock Exchange, in
letter to all members for the pur-
pose of furnishing statistics to the
Internal Revenue Department in con-
nection with security transactions in
this country for foreigners, is asking
information relating to commissions
paid and volume of transactions
Data covering 1888 and the first six
months and third quarter of 1884 are
sought.