Evening star., 1941-12-22
Telephone Stations
And Daily Calls
Hit New Peaks
c. &P. Report Shows
November Increase
Of 4,760 Phones
By EDWARD c. STONE.

BY EDWARD 4. S1ONE.
Two more new records were es'
tablished by the Chesapeake & Po
tomac Telephone Co. in Novembe
when the number of telephones IL
service and average calls per day
reached all-time peaks, company Of
ficials report.
The number of telephones in serv
ice at the end of November mum
bered 315,788, against 272 $50 in No
vember last year and 3l1 O28 at ths
end of October this year. There
was a gain of 4,760 stations during
the month.
Every month this year has wit
messed more and more new phone!
placed in service. In the first Il
months of 194l the company put
37.455 telephones in service. Ever
with this number of installations
business has recently taxed the
service to capacity and even more
in the toll-service division.
During November. average calls
per day totaled l ,485 ,462, compared
with 1,25O7O5 in the same month 8
wear ago and the highest average for
daily calls in the company's his
tory.
Since the November report was
compiled, it is announced that bus
iness has increased still further
This means that new marks vii
also be reached in the full year 194l
Investment Changes Studied.
In a study on American Business
In Wartime" J. S. Bache d Co
asserts that a war economy presents
new problems to investors. In dis
cussing these problems. the COM
pany states that 1t will be necessary
for investors to:
|. Commit a substantial share OF
their funds to the purchase Of Gov
eminent defense bonds, without
which successful prosecution OF the
war and return of reasonably nor
NAL economic activity cannot be Ell
fected; and
q Determine what securities they
wish to retain in their porttoloS ana
what percentage of cash they Wish
to reserve as additional investment
buying power.
In classifying industries from the
noint of view of their favorable or
unfavorable prospects under pres
ent conditions the study states that
chemical. coal, meat packing, rail-
road equipment, shlpbulldlng, SHOES
snd leather, steel and iron, sugar,
textile and truck securities are
among those which may be most
stimulated by wartime demand and
MT likely to be too severely affected
by taxation.
Cost of Living Climbs.
The Federal Reserve Boards De-
eember review says the largest re-
cent advances in retail prices have
been in commodities, particularly
foods, clothing and house furnish
ings.
Rents and services, however, have
also been rising in recent months,
particularly in those localities where
consumer incomes and expenditures
have been greatly increased.
The total cost of living, covering
both goods and services, in Novem-
ber was about II per cent above
the pre-war level, most of the rise
having occurred since March thi:
year.
Life Agents Make Record.
Members of the Wiedmann Agency
of the Equitable Life Assurance So
cietv reported today that December
business has been exceptionally good
and already exceeds any full month
business in the last two years.
Agency headquarters in the WOOD
ward Building have been completely
remodeled and redecorated IN the
modern influence. Vice Prsident A
B. Dalager. in charge of the Eastern
department, will visit the agency
next Monday and be rendered a
special luncheon at the MayfioWef
Hotel. Eighty members of the or
ganization will hold a Christmas
party at agency headquarters Wed
nesday afternoon.
The Association of Stock Exchange
Firms Is working with insurance
companies to evolve form OF IN
demnity bond which would cover
duplication of securities destroyed by
air raids or other acts OF war, James
F. Burns. ir., president, disclosed.
Firm Marks 150th Anniversary.
Charles F. Holden general man
ager of the Washington Once OF
the Insurance Co. of North America
announced today that agents in this
section will gather at Washington
on January 6. to join the company
in pledging "all-out war aid to the
Government. They will take par,
in an international telephone broad.
cast. originating in Philadelphia ano
extending to the 80 service offices
throughout the United States anc
Canada.
The setting will be historic In
dependence Hall, Philadelphia, where
the company was founded In 1892
The occasion will be the forma
opening of the 150th anniversar,
wear and the 150th anniversary o
the founding of capital stock in
surance in America.
Gas Leads Exchange Trading.
In another very heavy trading
day on the Washington Stock Ex
change, Washington Gas Ligh
common led in volume. About IS
shares changed hands in eight diff
ferent transactions, the stock open
ing at 1412, dropping to IS an
closing at i4A.
Washington Railway & Electri
preferred moved at ia, and Mer
genthaler Linotype sold at 26a, u
4. Norfolk & Washington Steam
boat Co. registered sale at IS.
Capital Transit sold at 14ss, e
dividend, on turnover of $50 share
up 1s.
Executive Council Meets.
The executive council of the Dis
trict of Columbia Building and Loa
League held it's semi-monthly meet
ing at the Raleigh Hotel this nool
The date was moved up from Tue:
day by President Wilfred H. Blar
on account of the annual Christina
party of the Real Estate Boar
This has become must to mar
building and loan men.
n,,lr, O. Do nor r,