Evening star., 1942-01-19
Telephone Stations
And Calls Disclose
New Yearly Peaks
c. & P. Report Shows
December Increase
Of 6,136 Phones
By EDWARD C. STONE.

Of 6,136 Phones
BY EDWARD c. STONE.
Final reports by the Chesapeake
Il Potomac Telephone Co. for 1874
disclose that the number Of lele'
phone stations in service in De
cember reached a new high mark
average daily calls for the month
were the highest on record, the
number of telephones installed II
December added new monthly rec
ord, while the number Of phone!
put into service during the veal
also exceeded all former expansion
totals.
Telephones in service at the enc
OF December numbered 321 1924, a.
compared with 275, 1926 at the end OF
December, 1910. Every month ir
194l witnessed an increase in the
number of stations. the December
total revealing a gain of 6,136 over
November, largest in the company's
history, according to official reports
During December, average calls
per day climbed to 1.539,312, by fa1
the highest figure ever known IN
the Washington Office. 1t compares
with l,27O.567 in December, 1910
In spite Of the increase in the num-
Der Of phones in use, the company
could not keep up with toll calls at
certain times. This situation wa;
unique in telephone service and the
present expansion Of lines and sta
tions will be rushed to the limit
during the coming year, officials
state.
There is every indication that a
long list of new records will be re-
corded during 1912.
Park Savings Payments Start.
John F. Moran, receiver. started
today paying the third and last
dividend to former depositors in the
Park Savings Bank, which closed
eight years ago.
The payment is a 418 per cent
disbursement, amounting to $780,
100. and will be divided among H.
845 claimants. The distribution is
being made at the receivers office
at 14th street and Park road NV.
This payment will bring to 1858
Der cent funds available to depos-
itors in the defunct bank. a much
lower percentage than most OF the
other closed banks have been able
to return. Proven claims against
the bank totaled $2,872, 500. The
hnal payment was authorized by
the controller OF the currency on
December 10.
National Mortgage Officers.
Joseph B. Schaaff was reelected
president of the National Mortgage
d Investment Corp. at the annual
meeting, it was announced today.
The other officers are Harold E..
Doyle and Ashton c. Jones, vice
presidents; James ODonneu, IT,,
Secretary-treasurer.
Directors elected for the year in
cluded Harold E. Doyle, H. Rozier
Dulany, jr.; John j. Hamilton, Ash
ton c. Jones, Crandal Mackey,
James ODonnell, jr.; Homer Phil
nps. j. Garfield Riley, Joseph B.
Schaaff, David S. Stanley, w. w.
Stewart and Hugh A. Thrift.
Real Estate Bonds Lower.
The Amott, Baker Real Estate
Bond price average shows that after
IT consecutive months, prices turned
down in December under pressure OF
wartime selling and year-end
liquidation. Averages OF 200 lead
ing issues were off "A per cent in
December, but advanced during the
year rs per cent.
The average dollar price by 81 900
bond Is now 1902 compared with
S2S1 q year ago. Washington prop
critics, included in the Amott, Baker
list, went against the trend in De-
cember, gaining half a point.
Mayfower Hotel IS were of a
point, first 3-5s down Az points
and National Press Adj. 4las lost
IL points during the month, the
review says.
Arthur c. Houghton, elected a
director of the Second National
Bank, has been active in the real
estate business in Washington for 40
years.
Mr.. Houghton is past president
OF the Washington Real Estate
Board, a trustee of the American
University and member Of its
Finance Committee, a member of
the Washington Board of Trade,
treasurer Of the department of mis-
sions of the Episcopal Diocese of
Washington and a member of it's
Finance Committee; a vestryman
and treasurer Of the parish Of St.
Stephen and the Incarnation, and a
former member of the Governing
Council of the American Institute
of Real Estate Appraisers.
Customers Men to Meet.
Following a visit in the financial
district of Thomas B. Meek, presi-
dent Of the National Association of
Customers Brokers, otherwise known
as customers men, and meeting
at the Hay Adams House, employees
in New York Stock Exchange Offices
here have decided to organize local
chapter.
A preliminary meeting will be held
Wednesday afternoon at 4 o'clock at
the restaurant at 1923 Fifteenth
street NV. officers will be elected.
AL customers men in exchange
Offices are asked to attend. The
brokers plan to consider everything
connected with the brokerage busi-
ness and even hold educational
meetings.
w. w. Mackall & Co., investment
firm, is distributing to clients a re-
view of Coca-Cola common stock
prepared in New York. The stock
has recently jumped into the lime
light on account of the restrictions
on sugar consumption, which is very
extensively used in the firms
product.
PaurJ. Seltzer, chairman of the
banquet committee of Washington
CHAPTER, American Institute, an