Evening star., 1940-05-10

average. "a L. SneA'
I For the IL months ended March
Sl total revenues increased 6h per
cent over the same period a year
ago and operating costs increased
F1a per cent. Electric output for
this period was up II per cent.
I The three largest operating items,
Mr.. Shea says, are pay roll, taxes
and fuel, In that, order. Taxes were
up II per cent, taking $40, zoo, 900,
or 16 cents out of every dollar ct
revenue, equal to $2.36 per share on
the common stock. Fuel expendi-
lures were up because of poor water
conditions. which required more use
of steam plants.
/ His letter also states that later
this year 50,000-kilowatt addition
to one of the Potomac Electric
Power plants in Washington will be
In operation.
Peoples Drug Votes Extra.
! Directors of Peoples Drug Stores,
Inc, have declared the regular
quarterly dividend Of Is cents a
share on the common stock and an
extra dividend of Is cents per share
on the same stock, payable July l
to stockholders of record June 8.
The dividend Is of particular in
terest in view of the recent action
taken by Peoples Drug directors
when they split up the common
stock and gave two shares for one.
On the Washington Stock Exchange
today $21 share was bid for the
stock, with none offered.
Twenty shares of Washington
Gas Light common stock sold on
the Washington exchange today
at ~.
Rosenberg Entertains Staff.
M. D. Rosenberg, president of the
Bank Of Commerce and Savings,
entertained the officers, directors
and members Of the operating staff
at Congressional Country Club We'd
nesday evening. Mr.. Rosenberg, who
has been president of the bank since
its inception, called attention to the
steady growth in deposits and the
earning record of the bank, as well
as the expansion Of loans in recent
months. Several officers and direc+
tors made brief addresses.
The banks main Office Is located
at Seventh and E streets NV, and
branch at North Capitol and H
streets. The bank was organized in
1907 and in addition to Mr.. Rosen-
hAro Ioxont, Candorc 9 catIo~,
and DR.. c. A. Weaver are directors
who constituted a part of the orig
inal board. Other directors are
Joseph H. Milans, Vernon G. Owen,
E.. T. Chewing, j. E. Collihower,
Frank Owings, William L. Bush.
Thomas j. Groom, George M. Quirk
and A. E. Giegengack.
The other officers are Thomas J..
Groom, executive vice president and
cashier; Joseph Sanders, vice presi-
dent; Joseph H. Milans, secretary;
Oliver B. Exline and Francis E.
Robey, assistant cashiers; H. r.
Sharpe, assistant secretary; Harold
w. Denison, auditor; Thomas J.
Norris, manager of the H street
OI0uCu, anu (eOTSe u. -. SCQelTeT, :,
assistant branch manager.
Loan Firm 50 Years Old.
The Northwestern Building &
Loan Association, organized May II
1901, will be 80 years old Sunday
Secretary-Treasurer Howard s. Gott
announced today. He added that
new loan applications totaling near
ly $1,000, 900 are now on file and
during April new subscribers in
vested $127, ,287 with the association
The average home loan, he said, /.
approximately $2,700.
The of1cers include E. v. Critten-
den, president; w. S. Dewhirst, vice
president; r. L. Houston Jones, ex.
ecutive vice president; Mr.. Gott
secretary -treasurer; r. H. Gibson
assistant secretary, and william K
Copenhaver, attorney.
The company's main Office is II
the Colorado Building and q branch
II located in Takoma Park.