Evening star. [volume] (Washington, D.C.) 1854-1972, 1937-08-17
D. c. PHONE TOTAL
CONTINUES TO RISE
Reaches 22O,069 at End
of July, Compared With
206,371 Year Ago.
BY HAROLD B. ROGERS.


Telephone business still is on the
increase according to the Chesapeake
& Potomac Telephone Co., which re-
ports that at the close of business on
July 81 this city was served by 220,06S
telephones, as compared with 206,37l
on the same date last year.
This was an increase of al tele-
phones during the month of July this
year.
Telephone calls were also increased
over July last year from 795,964
average daily calls during July, 1886.
to 844,255 average originating calls per
day for July, 1887.
Friedlander Joins Staff.
Philip Friedlander, we'll known Gus
toners man, has become associated
with J. S. Bache & Co., with offices in
the Washington Hotel
A native of Washington and star
athlete in his high school days here,
Mr.. Friedlander has been directly asso-
ciated with number of local broker
age houses. In New York he studied
under the late Richard D. Wychoff,
founder of the Magazine of Wall
Street, who was the originator of the
charting system-for market valua-
ton.
In welcoming Mr.. Friedlander as an
associate of Bache e. Co., Frank J. F.
Thiel, manager and former assistant
treasurer of the United States, paid
tribute to the new member of his
staff who has handled some of the
largest brokerage accounts in the city.
James Hennessey, for many years
cashier of the local Office, has been
made a floor man.
Hickey to Speak.
Branch Hickey, vice president and
general manager of the ST. Louis Ma
tional League Cardinal base ball team
will be the principal speaker at annual
radio commencement exercises of the
American Institute of Banking Friday
night, September 10, it was announced
by Miss Catherine M. Krieg of Riggs
National Bank, member of the insti-
tute's committee. The program will be
broadcast over the National Broadcast
ing System from $50 to 9 pm.
National Income Lays.
Although national income produced
In the United States declined in June
for the third successive month, &C
cording to the Alexander Hamilton
Institute, it is questionable whether
ii, hnf
will be severe enough to offset the
good gain made during the first half
OF the year.
The increase during the first half
OF this year was 20.3 per cent as COM
pared with the same period year ago,
as national income rose from $29,-
100000 to s35,245 100000.
Income in June amounted to
$5,8eO,O0O, OO0 as compared with
$6O17,OO0,O0O in May, and with
S6,O65, 100000 at the 1887 peak, in
March. At the same time the June
income was 1876 per cent larger than
in June last year, when the income
was $685. 100000. This gain over
1886, however, was the smallest for
any month this year, having declined
steadily from a 1872 per cent increase
IN March.
1t is possible, predicted the insti-
tute, that when the returns for July
are available, they will show a re-
versal of the recent downward trend
in the national income. 1t is appar-
ent, however, that it is probable that
the national income in July was still
running above last years level, thus
providing further support to the be-
lief that the annual income in 1887
will be larger than in 1886 despite the
evidence that conditions will not be
as favorable during the remaining
months as in the early part of this
year.
Shipments of railroad locomotives,
as reported by principal manufactur-
ing plants, totaled 80 in July, as COM
pared with Is in the same month of
last year, the Department of Com
merce reported. In June of this year,
these shipments totaled 3d.
For firts seven months of this year
locomotive shipments aggregated 224,
compared with only 40 in the cor
responding period of last year.
Vacation Notes.
Alfred H. Lawson, vice president and
real estate officer of the Washington
Loan & Trust Co., has returned from
an extended tour of Europe
I. I. Chorpening, chief national bank
examiner for the fifth Federal district,
d..
York today for six-week vacation in
Europe.
Maurice D. Rosenberg. president of
the Bank Of Commerce and Savings is
spending two weeks at Bedford
Springs, Pa.