Evening star., 1936-12-31

March, 66.355 ,87919 4,112,66 10
April .---1o0, ,3s9,o ,o1414 77,447,954.34
May 100 94,295. $1,000 1887 .95l 90
June -104.841 ,03400 1886 1890
July ----100, 1893, ,520.02 83,003,060.Ss
August - s2,745, ,o2941 75,543,s7l.7S
September s9,6l1,95400 73,280,43O.OO
October --103.532 $4,000 87,251 $50 90
November 91,263, ,7O3.63 83,062.l26.l9
December 109,5 SAT ,662.74 s6,978,863.6S
Record Year in District.
The Federal Reserve Bank OF Rich
rnond announced today that business
in the fifth Reserve district made
greater strides toward recovery in 1886
than in any other year since the be-
ginning of the depression.
steady increase in loans to COM
nerce and industry, continued absorp-
tion Of the unemployed in private in
dustry, a 10 per cent increase in the
dollar volume of department store
sales and wholesale trade.
Record figures in tobacco manufac-
turing, increased construction and
moderately satisfactory" agricultural
record were among the high lights OF
the fifth districts business year the
bank said
c. e. p. Income Reported.
Operating revenues of the Chesa-
peake a. Potomac Telephone Co. for
November were Ss92.102, according
TO the report of operations just filed
with the Public Utilities Commission
Of the District of Columbia. This is a
decrease of 1892 from the previous
month.
Expenses, including taxes and in
terest, and deducting net non-operat-
Ing income, amounted to $726.141.
leaving a balance before dividend of
e165,e61. Taxes for the month were
SS9.720.
Washington was served by 212,6l0
telephones on November 80, 1896. a
net gain of 1910 telephones over the
previous month. At the correspond
ing period last year there were 200,-
ei9 telephones in service.
Telephone users in Washington
made 23,583,o00 calls during the
month. as compared with 2l,657 900
ever the same period last year.
Dollars and Sense Appears.
The December January edition of
Dollars and Sense, edited by A. E.
fIenze of w. B. Hibbs & Co., has ap-
peared in the financial district and
presents the doings of Washington
Chapter, American Institute of Bank
ing, in a particularly interesting way.
An unusually long list of active
members, revealing wide concern in
the educational work, is published.
Five new sustaining members" in
riude William H. Baden. Washington
Loan &, Trust Co.; j. A. Broderick,
member Federal Reserve Board; c. F.
Burton. president City Bank; George
NJ Fisher, Washington Loan g. Trust
60. and NJ. S. Szymczak. another
the Federal Reserve Board.
Chapter affairs are covered in de-
tail, from the meetings of the Women's
committee to bowling activities. Nor
S1an E. Towson of the Washington
Loan & Trust Co. presents review
Of 1896, with a look at 1887. The
chapter has 20 more active members
than at this time last year
Chairman ]. Earle McGeary of the
Educational Committee announces
that the second semester classes will
start on January 18 and that a new
course in bank accounting and audit |
control will be offered, instructed by i
Ralph Endicott, auditor and assistant |
treasurer of the Washington Loan & |
Trust Co.
Porterfield Is New Official.
Appointment, effective tomorrow, Of |
David P. Porterfield, since October,
1929, director of marketing for the |
United Typothetae of America, inter-
national trade association of the COM |
mercial printing industry, and since |
April, 1884, editor of that associations |
oficial journal, as vice president of |
5att. Bates & Co.. Inc, is announced |
today by Dial H. Elkins president of |
She 2l-year-old Washington direct |
advertising firm
Mr.. Porterf1eld came to Washington |
from Indianapolis. Ind, where he had |
been In the printing business and
later the first secretary of the first |
Better Business Bureau there At one
time he taught advertising and also
salesmanship in Indianapolis schools.
For several years Mr.. Porter1eld took
IN active part in the Parent Teacher
Associations work at Central High
School, from which two of his three
sons have been graduated. He served
one year as president, and was chair
man Of the Publicity Committee.
Heard In Financial District.
Joshua Evans, jr., vice president of
the Hamilton National Bank. and two
directors, Horace G. Smithy and Roger
j. Whiteford. are basking in the
breezes at Miami Beach. They will re-
turn to Washington next week.
Three members of the staff of j. s.
Bache g. Co. will be admitted as part
ners tomorrow. Charles r. Corey, Sam
J. Smith and George Weiss, while
Joseph p. Griffin and Frank ]. Murphy
will retire. although continuing with
the firm In an advisory capacity.
All the Washington banks will be
open as usual on Saturday. the day
after New Year. The New York Stock
Exchange, and the local investment
houses will also be open. There will
be only one days pause before 1887
business will get under way.
: The Washington exchange will be
closed.
Z Bank Most Cheerful In Years.
I Among the high lights in the Guar
anty Trust Co.'S yearly review is the
statement that from every material
point of view 1886 has been the best
year for American business since 1880,
and in some respects the best since
The depression began.
{ Not only has the general level Of
activity been the highest In six years,
but for the first time since the depres-
sion the trend has been strongly up-