Evening star., 1941-09-23
Telephones and Calls
Al New Peaks Here
In August
Stations Total 301,211,
Against 2e3,113 at End
Of 1o40 Month
BY EDWARD c. STONE.

established by the Chesapeake &
Potomac Telephone Co. in August
the number of telephones in service
reaching an all-time peak and the
average daily calls mounting to g
new total for that month, accord.
ing to official reports.
The number of stations in service
at the end of August climbed tc
301 ,211, as compared with 1918 ir
August, 1910, the largest number oi
telephones the city has ever had
During August there was a gain OF
3.4ll phones over the July total
one of the largest monthly ad-
vances so far this year.
Average calls per day in August
ran up to 1,3O9,693, as compared
with l,05741l in August last year
or an increase of 252,282 daily calls
The new August record proves that
the usual summer iull in telephone
business was absent this year.
President Lloyd B. Wilson is elat-
ed over the months results.
New Exchange Move Launched.
Washington members of the AS
sociation of New York Stock Ex-
change Firms have received the
complete plan in connection with
the proposed reorganization of the
association, as suggested by Emil
Schram, president of the New York
Stock Exchange. The plan as adopt
ed by the associations governors
favors a complete overhauling of
the organiza ton and will be voted
on October 7.
One of the big aims is to turn
the association into national trade
body and make it the right arm of
the exchange" Efforts would be
made to increase the publics in
terest in listed securities, to demon
strate the advantages of doing busi-
ness with the member firms. to en-
large the public's understanding of
the exchange as a business inStitu-
ton and to show stock exchanges S
role in accelerating the flow of
capital into constructive, job-creat-
ing investment"
Wider use of advertising is pro-
posed, more educational work, more
radio programs, a motion picture
for educational work, efforts to OBJ
tain relief from tax transfer taxes
and capital gain taxes, as we'll as
appearances before legislative COM
mittees. A host of other changes
of more Importance to the members
than to the public are also sug-
gested.
Crowley on Radio Program.
Leo T. Crowley, chairman Of the
Federal Deposit Insurance Corp,
will be featured on a radio pro-
gram next Sunday in Chicago on
the eve of the A. B. A. convention.
He will speak on Financing the
Defense Program"
j. Harvey wilkinson, jr., Rich
mond, national chairman Of the
Defense Loans Committee; Ran
dolph Burgess, National Bank
Mark A. Brown. Chicago banker
and L. M. Gianinni; San Francisco
also will speak.
A panel discussion of the new
regulations governing consumer
credit loans has been added to the
program for Tuesday.
Maryland Asks Bond Bids.
The Maryland State Roads Com
mission will offer at competitive
bidding at 10 am. September 80,
100000 refunding and improve
ment bonds, part of an authorized
issue of s11000000
The current offering will mature
October l, 1942-1956, in amounts
graduated upward from S493,000 to
S721, 900. Bidders are asked to name
the coupon rate or rates in multi
pies of 4, but not exceeding 224 per
cent.
The Maryland commission reserves
the right to issue and sell the re-
naming s2O00,000 of the authorized
total at a future date.
ID. c. Accountants Honored.
Murray L. Miller, Treasury De-
partment, has been elected mem
Der of the American Institute Of
Accountants and William B. Pinson,
5l19 Georgia avenue, an associate
member. it was announced today.
There are now 149 Washington
members of the national organiza-
ton.
Holcombe Parkes, connected with
the Washington office Of the Asso-
citation of American, Railroads. ad-
dressed the telegraph and telephone
section convention in Cincinnati to-
day, urging that all communications
lines be better guarded during the
emergency. Every line of COM
munication can be misused, " he said.
Home mortgages totaling CTS, and
amounting to S2.772 1863. were made
by Maryland insured building and
loan associations during August, as
compared with 431 for S1,640,214 in
August a year ago. it was reported
today. OF the August total 146 loans
were for new residential construc-
ton.
Retail Trade Totals Compared.
In the first eight months of this
year the Federal Reserve Bank of
Richmond registered a % per cent
gain over the like period year ago
the Federal Reserve Board reports
Cleveland moved up to the same
figure for the first time this year
The gain for the IL districts aver
aged l8 per cent.
st. Louis reported a 21 per cent
gain, Dallas, 10 per cent; Philadel-
phia and San Francisco, 18 per cent;
Boston and Chicago, II per cent;
New York. Is: Kansas City, Is, and
Minneapolis. 10 per cent.
In the city comparisons, Norfolk S
startling 46 per cent rise was the
best in the country. Only two other
places. Springfield, Mo, and Vallejo
and Napa, Calf, showed upsWings
in trade of more than 40 per cent
In the eight months.
Today's Trading on Exchange.
Ten shares of Riggs National Bank
common stock sold at 2747s on the
Washington Stock Exchange today
This was a gain Of As points since
the last previous sale.
The largest number of stocks ir