Evening star., 1942-04-20
Telephone Stations
And Calls Record
New March Peaks
High Marks Also Set
In First Quarter,
Report DiscIoses
BY EDWARD c. STONE

Potomac Telephone Co. in March
when the number Of telephones in
service moved up another notch and
average daily calls exceeded all pre-
yious March totals, company off,
eials announced today.
AT the end of March telephone
stations numbered 337,7l3. in COM
parison with 2s5 249 in March. l94l,
and a gain OF ALI over February
Of the present year, when there
we're 330.37l phones in operation.
Every month over a long period has
seen this total enter new ground.
1.-THE average number OF calls per
day stood at 1906 $50 in March,
against .35S. 1872 in the same month
a year ago. This was the largest
humber OF average daily calls for
eny month since the company start
ed in business. In January daily
Rails averaged 1882 139 and in Feb
ruary 1892 ,768, a difference Of only
500.
The report shows that business in
she first quarter was far ahead OF
eny previous year. Ever since the
present intense war activity really
got under way the c. g. P. Co. has
experienced demands for service
that had never been dreamed of in
ne past and forcing expansion far
kyond all previous expectations.
Chase Still Largest Bank.
AChase National Bank of New
kbrk, with deposits of S3,354 ,966 SIT,
III the largest bank in the English
Jpeaking world, according to the
18th edition of The Deposit Liabili-
Hes of $50 of the Largest American,
Rritish, Colonial and Dominion
snks," a brochure annually COM
Med and Just released by California
hnk, Los Angeles.
National City Bank. New York,
with deposits of s2878,821 ,222, is
second, followed by Midland Bank,
Ltd. London, with deposits of So
I'll ,331 1873, and Barclays Bank, Ltd.
london, with deposits of $780,
e16,74l. OF the first 10 banks, five
Hfe American and five are British.
The combined deposits for all banks
In the brochure total $50, 1872 ,966, ,738,
or 90 per cent In excess Of the de-
preston low point of s33 3,523 .082, ,l72
In the 1888 issue.
One hundred listed banks, with
aggregate deposits of $50, ,461 $50 ,391,
are American; they are located in 26
States and the District of Columbia.
Individual Savings Climb.
The Securities and Exchange
Commission has just made report
on individual savings in the fourth
quarter of 194l, in the light of the
war program.
This analysis shows that individ-
uals' saving in all forms in the
fourth quarter amounted to S6,800,-
900 900. Their saving, exclusive Of
durable goods, totaled $1,000 900 900.
The commission says this was the
highest quarterly volume Of savings
on record and is explained in large
part by the high level of their in
come.
individuals savings thus far have
not increased markedly out of pro-
portion to their total income. In
other words, s. E. C. says, there is
little evidence of any unusual diver
kicn from consumption into saving.
sNearby Home Loans Compared.
: Maryland's insured building and
Joan associations made home loans
fotaling 81. .460, 200 during February,
Oscar R. Kreutz, general manager
of the Federal Savings & Loan In
surance Corp. announced today.
The same associations made loans
Amounting to Sl,411 500 in January
and 81, ,485 ,264 in February, l94l.
Virginia's insured loan associa-
tions made home loans totaling
$500 500 during February. The same
group made loans amounting to
S752 200 in January and s746,278 in
February, l94l.
Bankers at Spring Council.
= Several Washington bankers are
attending the three-day session IN
Chicago Of the Executive Council OF
she American Bankers Association.
Bankers from the Capital include
Francis G. Addison. jr.; Charles H.
Doing. Robert V. Fleming, George
%. Vass and Wilmer j. Waller. Also
attending from here are D. J. Need
ham. general counsel of the A. B. A;
y. o. Brott, assistant general counsel,
and Ernest NJ. Fisher, A. B. A.
Economist.
Mr.. Doing is representing the Dis
arict Bankers Association on the
council. Mr. Fleming is past presi-
dent of the A. B. A. Mr.. Waller. Mr..
Mass and Mr. Addison are members
of national committees.
About 400 bankers are at the
meeting, ll2 being members Of the
council Many wartime banking re-
ports and policies will be reported.
!. District Leads in Trade.
From January through April II,
department store sales in the fifth
Federal Reserve district were SO per
cent ahead OF the like l94l period,
the highest upswing in any of the
u districts, the Federal Reserve
Board announces. The average gain
for the whole country was % per
cent.
The Boston district was up % per
cent, New York, l9: Philadelphia,
81: Atlanta II, and Chicago. %
Sales in the ST. Louis area were
26 per cent better than last year:
were up 70 per cent in Kansas City:
gained IS per cent in San Francisco.
The smallest gain was in Dallas, l3
per cent.
Heard in Financial District.
The Treasury'S quota plan for war
bond purchases, in which every per-
son will be asked TO invest at least
10 per cent of income in these obli-
cations, was discussed in all the
banks today. Bank officials are very
anxious that voluntary sales prove
large enough so that no plan Of en-
forced savings Will ever be adopted
Audley A. P. Savage, auditor of
the National Savings & Trust Co.
will attend the Eastern Regional
Conference of the National ASSocia-
ton of Bank Auditors and Con-
frOllarc u-hS-h Ill