Evening star. [volume] (Washington, D.C.) 1854-1972, 1942-12-31
Phone Income In Sharnly

hohC 1uSOIuc Up SHARPLY.
Enjoying one of the best months
this year. net income of the Chesa-
peake 81 Potomac Telephone Co. in
November reached $277,94o, against
$l53,950 in November, 194l, an In
crease of Sl23,998, according to the
monthly report filed with the Public
Utilities Commission today
Operating expenses amounted to
$4,000 1852, compared with ST ,404, 939
a year ago; operating expenses
totaled 81 $4,000, against $1040,185.
leaving net operating revenues of
s60l ,O62, compared with S364,754 last
year. Operating taxes required
s282,27o, while this figure stood at
Sl29,089 a year ago.
The report for the II months of
1912 SHOWED a net income of ST.
437,372, against S1,425,877 in the
like period year ago, very modest
increase of Sl1, 495.
For the II months of 1912, operat-
Ing revenues were 1915 per cent
higher than last year. amounting
to 19.456,645, compared with S14,-
332.595 last year. At the same time
operating expenses were ALA
higher requiring 15,035 ,460 against
sl0,550, $50 last year.
Taxes called for Sl.842 200 this
year and Sl,408,005 in the same pc.
Rod year ago. Interest deduc-
tions required s112708s this year
and $93272O in the first ii months
Of l94l, the report revealed.
There we're 356,l95 telephones in
service at the end of November,
which was an increase of 1888 tele-
phones over the previous month
Telephone users made 100000 calls
during the month, or $50 200 more
than In November, l94l.
Bank Notes Back in Service.
Federal Reserve Banks are now
utilizing the existing stock of cur
rency printed in the early thirties,
known as Federal Reserve Bank
Notes authorized by the Federal
Reserve Board as a part of the pro-
gram of the Government to conserve
both labor and materials during the
war period. In announcing the plan
earlier this month, the Reserve
Board said:
THE stock of these notes, which is
In IS, $40 $40, $50 and Sl00 denom-
nations, amounts to approximately
$500 900 900. BY making available
for use, as needed, this stock of I'M
issued paper currency, which is iden-
tical with Federal Reserse Bank
Notes now in circulation, it is esti-
mated that more than 100000 will
be saved in the cost of printing new
currency.
"In terms of labor and materials,
there would be a saving Of $4,000
man-hours in printing alone, and OF
IS tons of paper in addition to a
substantial saving of nylon and ink
Big War Stamp Drive Near.
The January Stamp Album
Clearance Drive announced by H.
L. Rust. jr., chairman of the Dis
trict of Columbia War Savings Com
mittee. is to be one of the liveliest
campaigns witnessed in the Capital
In a long time, according to plans
outlined to the full committee, 1t
will even include house to house
canvassing
The drive is to be national III
scope, the Treasury announcing that
there are 100000 War stamp al
buns partially filled. The object of
the drive, Mr.. Rust says, is to get
these books filled and converted into
War bonds
Efforts will be made to get the
stores to give change in War stamps
when satisfactory to the customer
and give the drive a big boost in
that way
Regular Dividend Declared.
Directors of the National Bank Of
Washington have declared the regu-
lar semi-annual dividend of 50 per
share, payable January to stock
holders of record December 30, Pres
ident J. Frank White announced to-
day.
Sales of American Stores Co. for
November totaled Sl6,45l sol, a gain
of $2,914,202, or 2l.5 per cent, over
November a year ago. while sales IN
the II months of 1912 were S45 926,-
727, or 324 per cent ahead Of the
like 194l period.
Washington merchants continue
to report the best Christmas trade
on record. One Georgetown drug
gist said today that his holiday bust
ness was so per cent ahead Of last
year. He could not account for such
an increase except that everybody
seemed to have plenty of money to
spend and spent it.
d. c. Exchange Prices Strong.
Prices we're strong on the Wash
ington Stock Exchange in the final
session Of 1912
The market opened with Capital
Transit selling at 20. for five
share lot. The next sale was Is
shares at Is.
Washington Gas. common. ap-
peared on the board in 75-share
sale at 1872, around recent levels.
The market closed with 20 shares
of Capital Transit moving at 26;
final bid 25a4. with 26i2 asked.
The exchange will be closed to-
morrow, along with the rest of the
financial district.