Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-01
Sentemher Phone Net Lower.

september Phone Net Lower.
Because operating expenses went
up faster than operating revenues,
net income of the Chesapeake &
Potomac Telephone Co. in Septem-
Der amounted to Sl19,005, against
S143,687 in September, 1899, a de-
crease of S24,682, according to the
monthly statement just filed with
the Public Utilities Commission.
Operating revenues for September
were $1,104,175, against S1,006,372 a
year ago, and operating expenses
were S781,4 48, as compared with
$712,518 in September, 1899.
For the nine months of 1910, OPP
Grating revenues were 1854 per cent
higher than the same period last
year, while expenses, including taxes,
were 9.08 per cent higher. Net in
come of $1,384,899 for the nine
months showed an increase of S39,-
1858, or 2.96 per cent over last year.
Taxes in September amounted to
Sl55,508, an increase of S45, 500 over
September, 1899. For the nine
months of 1910, taxes amounted to
than for the same period in 1889, an
increase of 2l04 per cent.
There were 266, 109 telephones in
service at the end of September,
which was an increase of 1896 tele-
phones over the previous month.
Telephone users made 81 SIT 900 calls
during the month, or 2,752,000 more
than in September, 1889.
ID. c. Banks to Shorten Hours.
After long consideration, all the
banks in Washington will go on a
$50 opening schedule on Monday.
December 2, it was learned in the
financial district today. Three banks
have been on this schedule for
long time, Security Savings & Com
mercial, Columbia National and the
National Metropolitan. Windows in
the main Office of Riggs National also
open at $50.
At the suggestion of the Washing
ton Clearing House Association, the
10 other banks and trust companies
have decided to adopt the new sched-
ule. Each bank, however, has to
settle its own banking hours and
send notices to patrons.
The action is taken to meet the
wage-hour law provisions of the 40
hour week and is expected to do
away with practically all overtime.
Other adjustments have already been
made which are effectually meeting
the same situation.
The hours will differ slightly in
different banks. Some will remain
open until o'clock and others until
$50 on Government pay days. On
other days all will close at 2 o'clock
as they do now.
Father National Director.
Robert L. Father, assistant sec
rotary of the American Security &
Trust Co., was elected member of
the Board of Directors of the Finan-
cial Advertisers Association at its
annual convention held this week at
Hot Springs, Va.
Eliot H. Thomson of the Wash
ington Loan & Trust Co. was also
honored at the national convention,
being named to the Senior Advisory
Council. He held a similar position
last year.
Other Washingtonians at the
convention were H. T. Houston,
Joshua Evans, jr., and R. E. Hotze.
The sessions ended yesterday.
Washington Exchange Active.
One hundred shares of Washing
ton Gas Light common stock sold
at 2512 on the Washington EX-
change today, a new high on the
present move. Washington Gas pre-
ferred stock figured in a 50-share
sale at the strong price of 1861.
Potomac Electric Power 512 per
cent preferred came out at 115A
Later in the session so shares sold
at 11512.
Riggs National Bank common
stock appeared on the board again
today, two shares moving at 272, an
advance of 2 points.
In the bond division, Washington
Railway & Electric preferred regis
tered sale at LOT, unchanged from
the last previous sale.
Boardrooms were crowded when
the New York Stock Exchange
opened today, yesterdays sharp ad-
vance having stirred up wide interest