Evening star., 1937-08-05

fOlOHdC ROVER Net 81, t6J, IS.
The Potomac Electric Power Co.
reports for the IL months ended June
80, 1887, subject to audit, net profits
of $4,798,773, after interest, amortiza-
ton, depreciation, Federal income
taxes and surtax on undistributed
profits
Provision for surtax on the undis-
tributed profits for - months ended
June 80, 1887, represents provision of
$34,ll1 made in December, 1886, for
the calendar year 1886, the report
says. No provision has been made for
surtax on undistributed profits for the
six months ended June 80, 1887.
The earnings statement for the last
II months has just been made avail
able to Potomac Power security hold
ers, in accordance with requirements
Of the Securities and Exchange Com
mission. 1t covers the period after
the effective date of the company's
registration statement for the S15,-
100000 first mortgage 3A per cent
bonds which was filed a year ago, the
bonds being sold shortly afterward.
Marsh Made Unit Manager.
David S. Bethune, agency manager
for the Equitable Life Assurance So
ciety in Washington, has announced
the appointment of John De Witt
Marsh as unit manager, effective Au-
gust l.
Mr.. Marsh was previously associated
with the firm as unit manager in
1881 and 1882, and at that time was
one Of the society's youngest man
ayers. Since his return to the COM
pany in November, 1886, he has made
an outstanding record in the agency,
having already qualified for member
ship in the society's Century Club. He
stands third in the agency in paid for
life business.
Mr.. Marsh was born in Georgia
June 10, 1907, and attended George
Washington University in 1925.
Acacia Club Meets in South.
Announcement was made today by
the Acacia Mutual Life Insurance Co.
Of series of regional meetings of the
William Montgomery Quality Club
membership in which is the mark of
outstanding production and conserva-
ton. During the past six months there
has been an increase of so per cent
in new membership
The District of Columbia Branch
holds the largest membership in the
club and its representatives at the
Southern regional convention, to be
hold Of Tel
Ga, will constitute the largest single
group at any of the three gatherings.
Washington agents who have earned
the right to attend the meeting are:
D. M. Aaronson, j. B. Allison, J. A.
Barbeau, G. M. Beaton, Nathan Burns,
w. B. Crossan, D. M. Crouch, w. C.
Daniel, ]. I. Ford, c. c. Cove, sr.;
C. G. Cove, jr; E. P. Hands, H. R.
Hardisty, H. G. Harms, o. D. Heise,
L. E. Hendrick, H. j. Kamerow, T. P.
Kilroy, w. ]. McCausland, R. c. Mer-
ritt, l.. G. Morris, F. B. Rogers, P. L.
Rogers, G. S. Schroeder, R. w. Tatum.
H. D. Weant, F. B. Williams and R.
w. Winfree.
Heard in Financial District,
Lanier P. McLachlen, president of
the McIachlen Banking Corp, and at
one time president of the District
Bankers Association, was back at his
desk today after a months vacation
passed at a Delaware resort. But
that's not all. He went deep sea fish
ing and caught a fish which weighed
6212 pounds. Has pocket full of
snapshots to prove it, in case one
doubts the size and weight OF the
catch.
Harmer Reside, manager Of the
Washington Office of Westheimer g.
Co., New York Stock Exchange firm,
leaves here Saturday for three-week
trip to Mexico City. He will be ac-
companied by Hiram Westheimer, son
OF one Of the firms partners.
Joshua Evans, jr., vice president OF
the Hamilton National Bank, has re-
turned from his vacation. He spent
most of the time at resort in Penn
sylvania.
Today's Trading on Exchange.
Ten shares of Woodward e. Lothrop
common stock sold at IS on the Wash
ington Stock Exchange today, of 8
points from the last previous trans
action. Washington Gas Light new
common stock again changed hands at
26, closing with 25A bid and ~ asked.
Capital Traction SIS appeared on the
board again today on a $1,000 trans
fer at 857s, OF an eighth from yes
terday.
Friday, August 20, Is the date set
for the third annual Washington
Chapter A. /. B. moonlight cruise.
Arrangements for the event are being
made by George M. Rowzee, jr., of the
Lincoln National Bank.