Evening star., 1942-07-21

with the ONCE X.
for several years, IN
has been pro-
fnoted to acting Donald ". Larson.
secretary of the association and vii
assume his new duties August l
Mr.. Reilly stated.
The association Office is located tr
the American Security Building and
furnishes a great deal OF important
information to the Washington
banks and trust companies, Mr.. Lar
son having constantly expanded the
service.
A native of Minnesota. Mr.. Lar
son attended the extension school
of the University of Minnesota and
the Minnesota Business College. He
ID graduate of the American In
stitute of Banking, Columbus Uni
versity Law School, member OF the
Jnnior Board of Commerce and the
State Secretaries Section of the
American Bankers Association.
Mr.. Kenorick entered association
headquarters in December, 1885, as
assistant to the secretary. A grad
uate of Eastern High School, he
studied accounting for a year anc
Is a graduate of the American In
stitute of Banking. He has done
important work in connection with
the associations credit bureau.
Fewer New Phones in June.
New telephones installed by the
Chesapeake & Potomac Telephone
co. registered another letdown In
June because of the War Production
Boards orders limiting installations
teL those which are considered neces-
safy to the war effort, company
o&icials announced today. The
number of phones now in service
However, is the highest on record
-sAt the end of June the company
had 344.5l3 telephones in service
compared with 295 099 in June a year
aeo. AS there were 343,499 phones
in use at the end of May, this year,
the number of June installations
was only LOLA.
The largest number installed this
year was in February when the
total reached 6,462 Since that time
there has been steady falling-o of
n phones placed in service. the
june gain being the smallest OF any
month this year.
Average daily calls per day NUM-
bered 1,544,19f in June, an all-time
record for that month, although
exceeded in every other month this
year. Calls in June, l941, averaged
1,A03e54. Here again requests that
patrons make only necessary calls,
Ia order to facilitate war business
had their effects on the months
sesults.
The largest number of average
daily calls in the first half year
Eas in April when the number stood
b / $685. ,424.
~ Sherwood Starts 9th Term.
xxShareholders Of the Northeast
building Association, meeting yes
tkday, for the annual election OF
0sncers and directors were told by
0Hhuyler S. Symons, secretary. thai
e past year was one of the best
the history of the group. Re-
Sutlrces climbed to new high OF
S2,270,940 while surplus and reserves
krew to $4,000. Mr.. Symons sale
That dividends paid to the share.
holders since organization in 1917
tntaled s660.908 while the curren
eiyidend amounted to S70,823.
Following the reelection OF di'
tectors the board organized ane
unanimously reelected James L
Sherwood president for the 27tf
Consecutive term. Mr.. Sherwood
has the distinction of being tht
only president Northeast Building
has had since it began business.
ssOther officers reelected were
william S. Torbert, first vice presi.
dent and counsel; Henry C. Althoff
second vice president; Mr.. Symons
secretary; James E. Payne, treas.
urer, and Hazel R. Engelbrecht, as
sistant secretary treasurer.
Directors include Julian F. Bel
field, r. John Boehs, Alfred L
Foster, Euguene H. Phifer, John E
Rubino, Roy l.. Swenson and tn
officers.
ID. C. Accountants Honored.
Two Washington certified publ
accountants have been honored wit
membership in the American Insti
tute of Accountants, it was an
nounced today.
John M. Stoy, partner in the &C
counting firm of Stoy g. Stoy, ha
been elected to full membership, an
Frank D. Byrne, head of the Shl
Audit Unit Of the Maritime Com
mission, has been elected an asso
ciate member.
These elections bring to l64 tn
number of Washington members /
the national organization.
Today's Trading on Exchange.
Washington Gas Light commo
figured in a small sale on the Wash
ington Stock Exchange today &
1877, ex-dividend, up half poin
This sale followed yesterdays trans
action in Washington Gas $3.50 pre-
ferred stock at 95, a gain of two ~
points and the highest price reache
in several weeks.
Washington Loan 81 Trust stot
has been added to the list now belr
quoted ex-dividend, the mldye'
disbursement being payable in fe
days. The bid for Mergenthal
Linotype stood at 341a today, Wit
81 asked.
United Air Lines recorded i
per cent increase in air expire
pound miles and So per cent Il
crease in mail pound miles in Il
first half of 1914 as compared Wi
+ba eoy,oo r,orioS last yeor il u