Evening star., 1935-11-27

one of the leading
cities in the whole United States in
per capita membership. as well as in
individual amounts subscribed
Remarkable recovery progress in the
Capital during the past year indicates
that Washingtonians are better off
financially than they were a year ago.
Retail trade has bounded forward,
postal receipts have mounted steadily,
the amount of electricity and gas used
has increased in substantial amounts,
new insurance written has shown
sharp advances, the number of tele-
phones in use and the number of calls
has increased, while street car riding
has scared to amazing figures above
last years marks.
Bank clearings have outdistanced
all records by the month for the
same periods a year ago. Scores of
other gains might also be mentioned
to show how much more prosperous
people are il the city now than they
were year ago, these improved con-
ditions being certain to be reflected
in the new savings clubs. One more
important factor is the estimate that
the city's population has increased
some 10000 during the year. No Won
der the Christmas savings club sup
porters are cheerful over the new club
outlook.
AS usual the Christmas Savings Club
Information is in charge Of the Ad-
Tertising Committee of the District
Bankers Association, of which Robert
L. Flather of the American Security &
Trust Co. is chairman. 1t is interest
ing to note that the new 1886 clubs
are to start on Government pay day.
That means there will be no lack of
funds for the first days enrollmentS.
Brady Is Banking Leader.
Fred B. Brady. vice president Of the
Commerce Trust Co., Kansas City,
Mo, who was elected president of the
State bank division of the American
Bankers Association at the annual
convention, has been leader in the
banking world for many years.
He is past president of the Missouri
Bankers Association, and during the
past year was vice president of the
State bank division of the A. B. A.
He entered banking right, graduating
from college and has devoted his ac-
tivities to that business throughout his
career, never having any outside con-
nectionS.
Mr.. Brady is married, a Democrat
In politics and makes his home in
Kansas City. Several Washington
bankers met him at New Orleans while
attending the State bank section
sessions.
c. e. P. Phone Earnings Gain.
An increase in operating and net
earnings was reported today by the
Chesapeake & Potomac Telephone Co.
in the october statement filed with
the Public Utilities Commission.
Operating revenues totaled $751;
e5S against $845, ,204 in october, 1884;
operating expenses were S612,761
against S586,716, while net operating
income stood at S193,025 as compared
with $192,454 in the same month last
year.
Total gross was practically the same |
as operating net, from which interest |
deductions of S15,361 were made !
against S22,032 a year ago, leaving a
net income for the month Of $177 ,652
in comparison with $170,402 last year.
Washington was served by 1925 /!
telephones in October, net increase
of 1878 over the number in service
at the end of October, 1884. Tele-
phone calls increased-22, ,295 900. as
compared with 20,638 900 calls during
October, 1884.
Ten Months Earnings Also Up.
The Chesapeake & Potomac phone
report for the first 10 months of this
year also was better than a year ago.
Balance before dividends stood at ST.
592,571, against $1,565,177 year ago,
a gain of $27,394.
Operating revenues reached So, 8,346,-
716, against $8089,371; operating ex-
penses called for $5,899,552, compared
with $5688,172. From this non-oper-
ating revenues and taxes were deduct
ed, leaving net operating income of
$1,830,679, against $1,778,437 in the
same 10 months last year.
Interest deductions required $780,
255, compared with $2l3,653 a year
ago. leaving the above gain in net in
come of over $4,000. Telephone calls
in the 10 months totaled 213,037 900,
in comparison with 197,572,000 in the
like period in 1884.
Fleming to Address Chamber.
Robert v. Fleming. newly elected
president of the American Bankers
Association, will address the Chamber
of Commerce of the State of New York
at the monthly meeting December 5, it
was announced by President Seth L.
Parkinson in New York today.
Trading was the heaviest on the
Washington Stock Exchange today in
several weeks. City & Suburban SIS,
Anacostia & Potomac IS and Washing
ton Gas bonds were in excellent de-
mand around recent levels.
In the stock division Washington
Railway & Electric preferred, Lanston,
Potomac Electric Power 51a per cent
preferred and the per cent preferred
were IN lively demand. Merganthaler
Linotype was much stronger, opening
at "a and closing at 3414.
The Washington exchange and all
financial houses in the District, in
cluding the banks, will be closed to-
morrow, Thanksgiving day.
Insurance Man H0nored.
Earl D. Krewson, director of the
Washington agency of the New York
Life Insurance Co., gave a dinner. last
evening at the Columbia Country Club
in honor of Zach B. Lloyd, who has
just completed Is years with the
branch Office here. The inspector of
agencies in the Atlantic department,
Fred S. Munsell, was the guest
speaker.
The annual Fall party of the Wom-
ems Committee of Washington Chap
ter, American Institute Of Banking.
will take place next Monday evening
u