Evening star., 1938-11-30

June ---lUl .S4l .oI4 Ia ,UUS, 100
july "a 1866 1854 11O,59O,257
AUGUST - 86,Ol7063 91,75O ,66S
September a9,2035 sos 909l5 $3.50
october 1866 ,48S lO2, ,799, TOT
November 1ol .236.O48 l0l263.1S7
Bank Interested In Branch.
officials Of the Bank of Commerce
and Savings today confirmed the
fact that they had been Interested
in the purchase of the building fo'-
merly occupied by the Bank OF
BrightWood
It was announced that the Rani
of Commerce and Savings had ne
eotiated with the receiver, Fred
erick J. Young. and had made an
offer for the purchase of the real
estate. together with vault equip
ment. furniture and fixtures. How
ever. an opposing bidder made an
offer in court for the property IN
an amount which the bank was
unwilling to meet.
officials further stated that a per-
NIT had been issued by the Con-
troller of the Currency to the bank
to establish branch in thus VI
cinity. No statement was made re-
garding future plans concerning TIE
establishment of this branch
The Bank of BrightWood dlscon-
tinued business in 1882 and there
has been no bank there since. al
though efforts have been made to
start a new institution through the
sale of stock. The institution would
have been known as the Northwest
National Bank. Subscriptions Tor
the stock. however, fell shorv OF
the required amount.
Purchaser of the BrlghtWood Bank
Building has made no statemen, re-
garding future plans. The leXt
dividend to former deposltor5 VIII
be slightly larger because OF the IN
creased payment for the property,
Receiver Young says.
c. G. P. Phone Net Higher.
Net income of the Chesapeake IL
Potomac Telephone Co. in October
was slightly better than a year ago,
Sl57.643, compared with sl55, ,l76,
gain of S2.467, according to the
financial statement Just filed with
the Public Utilities Commission.
The statement showed total net
income in the first 10 months OF this
year as S1,424433, in comparison with
s1,574,346 in the like period last year,
decrease Of Sl49,9l3.
Operating revenues for october
amounted 10 So76449. an increase
over S95O.265 in October, 1887. Oper-
ating expenses were held under last
year, s68l,2 ,27l, comparing with S69l,-
1l9. Taxes were about $1,000 more
than a year ago and incorporating
income amounted to the small sum
of S4,696 against S8,0l6. Interest
deductions in October this year were
S39, 1882. vs. $27,515 in the same 1887
period.
In the frs. 10 months OF the year
c. & P. operating revenues amount
ed to $9398,35l. III comparison with
S9,232756 q year ago, This gain,
however, was more than offset by in
creases IN operating expenses and
taxes. leaving net operating in
come of Sl722 933. against Sl,747 ,533
in the first 10 months of 1887. In
terest deductions required S339,825.
against S2l0,227 g year ago.
There were 236643 telephones in
service on October 81 which was an
increase of 2,030 telephones over the
previous month. Telephone users in
Washington made 27,435.00 calls
during the month, or an increase of
l,697000 over october, 1887. I'M
proved business conditions in the
Capital we're indicated by total Of
259036,0O0 telephone calls in the 10
month period. against PAT 3o4000 a
year ago.
Baltz Given Special Honors.
Edward c. Baltz, who has just re-
tired as president of the United
States Building and Loan League.
was signally honored yesterday by
Washington building and loan lead
ers for the constructive national
program he carried out during his
term of office. Chairman Arthur G.
Bishop said that the city in general
and the loan organizations in par
ticular were proud Of the honorS ac-
corded him during the past 12
months. A handsome marine radio,
appropriately inscribed. was present.
ed Mr.. Baltz at the close of the
meeting
1t was stated that plans for the
1899 annual banquet are being pre-
pared with Martin A. Cook. secretary
OF Enterprise Building. acting as
chairman From present indications
the affair will be the largest in the
history of the league.
The report of the Official dele
gates to the recent Chicago conven-
ton was submitted by. F. Wilson
Camp, secretary of the District of
Columbia Building and Loan League,
Besides Mr. Camp. c. E. Kefauver
and r. w. Santelmann. official rep
resentatives, II WashingtonianS
went to Chicago.
TOday'S Trading on Exchange.
Capital Transit stock figured in
a 25-share sale and another of two
shares at 8ss on the Washington
Stock Exchange today. off an eighth
from yesterday. A single share of
Potomac Electric Power 5l2 per cent
preferred stock moved at lis.
James M. Johnston. president of
the Washington Stock Exchange,
had as his guest at todays session,
Edward Lally, who is connected with
the trading department of Hayden,
Stone g. Co., New York.
The Federal Home Loan Bank of
Winston Salem in it's latest report
saws that as of October 81, 18 Wash
ington building and loan associations
were members of the fourth district