Evening star., 1938-09-30

May by, i49,4IU 1U3. .991 ,33S
June ----- O1,S4l,s24 124,OOs, ,73s
July --- e4,366,854 llO,59O.257
August $50 s8,Ol7,063 9l,75O. .66s
September 89,2035O5 90.9l5, $3.50
c. & P. August Earnings on.
Net income of the Chesapeake &
Potomac Telephone Co. in August to-
tailed Sl24,964, which was moderately
lower than the total of $133,568 in
August, 1887 according to the month
ly statement filed today with the Pub
lie Utility Commission.
August operating revenues were sub
stantially higher. s907,458, comparing
with S884,3l6 last year Operating
expenses, however, were also heavier,
1858. 1886. in comparison with $654,909
a year ago. Taxes were higher. leav-
ing an operating income of $156,870,
against $l49,876 in August last year
Interest deductions this year were
larger, s36,l63, against s23,342.
The report showed that there were
232,293 telephones in service in Wash
ington on August 81, 1898, which was
an increase of $50 telephones over
the previous month. The statement
disclosed that telephone users in the
Capital made 23,515,0oO calls during
the month, or an increase of 1,742,000
calls over August, 1887
Earnings in the first eight months
of this year showed a net income of
S1,133.327, against $l,281,6l8 in the
like period in 1887. Substantial in
creases in operating revenues were
Offset by higher expenses. Telephone
calls numbered 205,211 900, against
197,484,00O in the first eight months
last year.
Bond Underwriters Named.
The Virginia Electric Power Co. has
filed an amendment with the Securi-
ties and Exchange Commission nam
ing the underwriters for the S37,5OO,-
600 issue of 312 per cent first and re-
funding mortgage bonds, series B, due
in 1868. Bond dealers in Washington
have already arranged to offer GER
tain number of these bonds to their
clients. The underwriters are:
Stone e. Webster e. Blodget. Inc,
s5.640,000; First Boston Corp, $685.
900; Brown Hartman & Co., Inc,
s3.445,000; Blyth g. Co. Inc. $780,
900; Kuhn Loeb g. Co.. s1,875.O00;
Kidder, Peabody & Co.. sl,690,000;
Bonbright g. Co., Inc, and Lehman
Bros. 81 100000 each.
Halsey Stuart &, Co., Inc. W. c..
Langley &, Co., Lazard Freres g. Co.,
Mellon Securities Corp. Smith. Bar
ney e. Co. and White, Weld g. Co.,
s1250,000 each Glore. Forgan & Co.,
Goldman, Sachs g. Co. and w. E.
Hutton & Co.. s1,000,000 each; H. NJ
Byllesby e. Co., Inc, s565,o0O; Bos-
worth. Chanute, Loughbridge g. Co..
Harris, Hall g. Co., Inc Hayden
Stone & Co. and Scott g. Stringfellow,
s500,000 each.
Coffin & Burr Inc, Lee Higginson
Corp, 100000 each; Estabrook g.
Co., Paine, Webber g. Co. and Securi-
ties Co. of Milwaukee, Inc, 100000
each; G. Mp Murphy & Co..
Ritter & Co. and Tucker, Anthony g.
Co., S250,000 each, and R. S. Dickson
e. Co. Inc, and Whiting. Weeks &
Knowles Inc, 100000 each.
D. C. Man Express Speaker.
Charles H. Frame of Washington
will represent the South Atlantic ter
ritory at general sales conference
of the Railway Express Agency in
Chicago October 4, and 6, it was
announced today by E. c. Berry, gen.
eral manager. Mr.. Frame will ad-
dress the delegates on new sales op-
portunities in the Southeast
Over 100 express representatives are
expected to be present and participate
in an intensive survey of business
conditions in all fields of manufac-
ture and industry. They will be ad-
dressed by L. o. Head, president of
the express agency, who heads
long list of speakers. The conference
will be directed by K. N. Merritt. gen.
eral sales manager, of New York.
Insured Mortgages Increase.
Home mortgages in Washington ac-
cepted for insurance by the Federal
Housing Administration in July, as
reported by F. H. A. insurance Off
GERS, numbered 36 and totaled S217,-
400, in comparison with only % in
July. 1887, amounting to $138,3O0.
Up to the end of July of this year,
the report says, 1856 of these mort
cages on Washington properties had
been insured, amounting to S745,000.
Since the establishment of the sys-
TEN. the report adds. mortgages ac-
cepted for insurance on new homes
in the District of Columbia totaled
460 and amounted to $3,344,500 up
to August !, and on all homes num-
bered 872 and amounted to $6,25l $50.
Carpet Corp. earned s67,307.94 in
the first eight months of this year,
equivalent to S315 share. Fenton
Cramer of Waggaman. Brawner 81 Co.
reports. The stock is listed on the
Washington Exchange He added that
profits so far this year have been salts
factory. nearly up to earnings for all
last year.
Frequenters of Washington broker
age offices witnessed one of the best
openings of the New York Stock
Exchange in weeks. huge blocks of
stocks appearing on the tape at greatly
increased prices. Steel, General
Motors and Chrysler revealed some
CT the most startling advances.