Evening star., 1937-02-04


Electric Power
Co. in 1886 totaled S4,446, ,3O5.97
against s4.006, 1873 in 1885, a gain
of s44o,136,64, or 1899 per cent. De-
cember net earnings amounted to
s323,97760, off more than $4,000
from December. 1885.
Net income of the Chesapeake &
Potomac Telephone Co. in 1886 reached
total Of $2,026.3 1888, as compared with
sl.9l2829 in 1885, or a gain of $ll3,-
500 over the previous year The De-
cember returns were s36,177 better
than year ago.
Total net income of the Washington
Gas Light Co. was s66.743 in 1886. in
comparison with S979,601 in 1885, a
drop of S3l2,862, but still a very sub
Stantlal amount. Net income of Sl3l,-
183 in December. a gain of S39849
over December. 1885, added materially
to the years profits.
Capital Transits net earnings for
1886 we're s3O,3S723, against, $685.
4l7.39 in 1885, a decrease of $685.
030.l6, due to heavier expenses and
higher depreciation An increase in
net earnings of $50, ,662 38 in December
played a very vital part in keeping the
company's earnings in the black for
the full year.
Brigham Heads Insurance Firm.
Elbert S. Brigham. who in 1881 COM
pleted two terms as a Representative in
Congress has been elected president
of the National Life Insurance Co.,
according to dispatches received here
from Montpelier, VT. He was advanced
from the vice presidency and succeeds
Fred A. Rowland. who was made chair
man of the board.
Mr.. Brigham is SO years old, gradu-
ated from Middlebury College with
Phi Beta Kappa honors and member
ship in the Delta Kappa Epsilon Fra
ternity Ten years after graduation
ne was appointed commissioner of ag-
riculture in Vermont. serving from
1918 to 1924. While in Congress he
was member of the House Commit
tee on Agriculture and lead the dairy
interests of the United States in the
fight to tax oleomargarine to make it
a less destructive competitor to the
dairy butter interests.
Lanston Dividend Declared.
Directors of the Ianston Monotype
Machine Co. held the last quarterly
meeting of the fiscal year here today
and declared So dividend. Notice of
the dividend, as announced by J.
Thilman Hendrick, chairman of the
board of directors, said:
"A dividend of So per share on
Lanston Monotype stock was declared,
payable February 90 to stockholders
of record on February TO-"
Lanston Monotype stock is listed on
the Washington Stock Exchange and
is widely held in the Capital. The last
Did on the exchange was $50 a share,
with none offered at that price.
Today's dividend action was in line
with the policy adopted recently by
the directors of many other corpora
IONS who awaited final outcome of
the years operations and then voted
dividend disbursements in keeping
with the amount Of business trans
acted during the II months.
The Security Savings & CONNER
eial Bank is distributing very in
teresting budget book which offers
some fine suggestions on how family
. incomes should be divided up and
how expenditures should be watched.
Suggestions are drawn up for five
different incomes, showing the
amounts to be set aside for house.
hold expenses, running expenses, food,
savings, insurance, clothes, betterment
and recreation.
House expenses include rent. taxes,
interest, insurance. upkeep and re-
pairs. Running expenses include fuel,
light, laundry, supplies, cost of oper-
ating an automobile, and household
furnishings. The food budget covers
everything in the food line. Savings
take in all investments.
Clothing costs include money for
both new and old clothes and clothes
pressing bills. The betterment item
covers education, medical treatment,
paper, books and magazines, gifts,
children's allowances, etc. Recreation
takes in entertainments, amusements,
clubs and travel. A page for every
month in the year makes it easy for
the budgeter to see how he stands and
find where the trouble lies If the FAM
lily finances are not coming out right.
Frigidaire Statesmen to Meet.
Four hundred members of the Frig-
idaire national sales organization will
meet at the Mayflower Hotel on Feb
ruary IL, preparatory to the launching
of the 1887 advertising and selling
campaign. H. L. HARRISON, district
manager in this area, said today. The
meeting will draw dealers, depart
ment and furniture store managers
and public utility executives from
this city and adjoining States.
: Ellsworth Gilbert, zone manager,
with headquarters in Dayton, will
bring here group of factory men who
will present the 1887 plans by means
of sound motion pictures, explana-
tory talks and dramatized skits.
Bank Stocks Work Higher.
{ New York City bank stocks were
sharply higher during January and
reached their best levels since 1881,
Holt. Rose g. Troster report. The
weighted average of II leading issues
opened at the months low of 62.33 and
on prospects of firmer short-term
money rates reached the new 1887
high of 74.l9 on January IS.
These are the highest levels since
November 9, 1881, and compare with
previous high Of 68.48 on August 7,
. 1886. Close January 80 was at 1851,
indicating net gain of l8 per cent
for the month.
Securities were strong on the WASH
ington Stock Exchange today. Mer-
genthaler Linotype again sold at 81,
woodward & Lothrop preferred moved
at 125. Railway g. Electric preferred
at 11215, and Potomac Electric Power
5h per cent preferred at 1929 WASH