Evening star., 1934-11-30
Branch Bank Opens Doors.

LA aAANh Dahh oPNho DOUiS.
The new H Street Branch of the
Bank of Commerce & Savings opened
its doors for business today at H and
North Capitol streets.
New accounts were opened in every
department of the bank, including
checking. savings. Christmas savings
club, as well as the rental of many
safe deposit boxes. The branch office
offers the same complete banking
service as the main Office at Seventh
and E streets
President NJ D. Rosenberg and
other officials were present at the
opening to greet new customers.
Thomas J. Groom was one of the most
active officials. AS vice president and
cashier he has worked particularly
hard in preparation tor opening the
Office.
The new bank is located in the
building occupied for several years by
the old North Capitol Savings Bank.
1t is near the Government Printing
Office and not far from the City Post
Office, being surrounded by busy
business territory.
The completely renovated banking
rooms were elaborately decorated to-
day Several directors were present,
in addition to the officers, and all re-
ceived hearty congratulations on the
attractive new branch. Will r. SWet-
nam is manager of the office and is
being assisted at present by Francis
E. Robey, an assistant cashier who
has been with the bank several years.
Members of the branch'S new Ad-
visory Board include A. E. Giegengack,
new United States public printer. and
City Postmaster William M. Mooney.
The new bank will be open for lnspec-
ton until $50 this evening after
which regular banking hours will be
adopted.
Potomac Power Net Lower.
The October report of the Potomac
Electric Power Co.. filed today with
the Public Utilities Commission,
showed operating revenues of Sl,039,-
sos 43. against S916.255.51 in October.
1898, a gain of S123 ,250.92. Revenue
deductions took S639, 1927 90, compared
with s5lO,654.86 a year ago, an in
crease in operating expenses OF Sl29,-
27283.
Net operating revenues amounted
to S399 57874, against S405 ,600.65 a
year ago, off S6,02l.9l. After the
usual deductions from gross, the power
company reported net income OF
S320198.22, as compared with S34l,-
O53O2 in the like period last year, a
drop of $20,85480.
Ilor Grct months nf 1Q2A
Potomac Electric Power reported a
net income of S3,255, ,74914, in COM
parison with $3.50 ,18627 last year,
a decrease of S400, ,437.l3.
Today's Trading on Exchange.
Riggs National Bank common stock
again sold at 2l0 per share on the
Washington Stock Exchange today.
Potomac Electric Power 6 per cent
preferred came out at ITO, unchanged
from the last sale.
Washington Railway & Electric
preferred figured in three small sales,
all made at 1OOI2 also unchanged.
Capital Transit, which jumped into
the limelight following the dividend
declaration, was quiet today. 1t closed
II bid ana 70 aSkeQ.
Mergerthaler Linotype, which got
up to 35 before the holiday, closed
today with 33 bid and Bass asked. No
sales.
c. & P. Phone Net Improves.
Balance before dividends of the
Chesapeake & Potomac Telephone Co,
in October totaled S170,402, against
f1rr
to the monthly statement filed today
with the Public Utilities Commission.
Net income for the first 10 months
of 1884 amounted to S1,565,l77,
against a balance before dividends in
the same period in 1888 Of 81, ,449,347.
showing a substantial gain.
Washington was served by l86,432
telephones on October 81. as COM
pared with ,605l on the same date
last year. There was a net increase
of 1000 telephones during October.
1894, as compared with 1876 during
the same month last year.
Telephone calls during october of
this year were increased 1,645 900 over
the same month last year, there hav-
ing been 20,638,000 calls in October.
Lewis to Address Bond Club.
Sir Willmott Lewis, Washington
correspondent of the London Times,
will address the first luncheon of the
year of the Washington Bond Club.
according to announcement made to-
day by James P. Nolan, president Of
the club
The opening luncheon will be held
next Tuesday, December 4, at the
Carlton Hotel, beginning at 1890 A
large attendance of members and
CIestS iS eYDectad