Evening star., 1943-11-23
D. {. Telephones Top
Year Ago, Despite
October Drop
BY EDWARD c. STONE.


there were IS fewer telephone sta.
tions in operation at the end o1
october than in September, the
slight drop being due to shortage
in materials. With one exception
this was the only monthly decrease
reported this year.
The 365,4l3 stations in use ir
October, however, set another all
time record for that month, the re.
port said, establishing an increase
of 10,751 over the total OF 354 ,661
phones in operation in the same
month last year.
Average calls per day in October
numbered 1,493,604, a lower mark
than l,564,7l9 in October, 1912, the
report disclosed, the decrease beinl
due to compliance by the public
with the request that any calls thai
might interfere with the war tele.
phone service be omitted or post.
poned. The average for daily calls
however, was the highest in thu
past four months.
Incidentally, the Bell System stat
isticians have just completed sur
vey of the whole country which
states that calls in and out of Wash
ington during August of this year
compared with August, 1910. wer'
$50 per cent higher to Atlanta
Washington Cleveland traffic, VI
$50 per cent; New York
210 per cent; Westinghouse An
geles, $50 per cent.
Woodward Declares Extra.
Directors of Woodward & 10th.
rop, Inc, Washington department
store, have declared the regular
quarterly dividend of so cents pei
share on the common stock and 9
year-end extra of 80 cents per share
of1icials announced today.
Both dividends will be distributed
on December % to stockholders OF
record December Is, the announce
ment stated. The board also de-
clared the usual quarterly dividend
of SITS on the companys preferred
stock, payment dates being the same
as on the common.
The regular and extra bring the
years payments on the common
stock to $3.50 per share, same as
was paid last year.
Haas Joins Investment Staff.
Albert T. Haas, who was with w
B. Hibbs & Co. for % years, today
Joined the staff of Brown, Goodwin
IL Olds, Washington investment
firm, it was announced by Edison B
Olds, one of the partners.
Mr.. Haas gave up his position with
the brokerage house some time age
to enter another field of endeavor
He soon decided he preferred the
financial field and returned from
Chicago to the Capital.
For a time when he first entered
the financial district, Mr.. Haas was
clerk of the Washington Stock Ex-
change He is native of Pennsyl-
vania and graduate of the Amer
lean Institute of Banking
Christmas Bonus Declared.
Directors of the City Bank have
declared a Christmas bonus for en-
ployes, the amount being the same
as last year and two years ago,
Clarence F. Burton, president, an
nounced today.
The extra Christmas compensation
amounts to one months pay for the
employees longest in the service and
proportionately smaller amounts for
the remaining members of the staff.
Mr.. Burton and his directors have
always been firm believers in holiday
bonuses and for several years the
City Bank has been one of the first
in the Capital to vote the extra pay.
Banks Using New War Bonds.
Many Washington banks are now
using the new smaller sized United
States Savings bonds, the change
being made as they are using up
supplies of the largest sized bonds.
The banks still have plenty 81 1000
and s1O0 bonds in the original sizes,
the Series E bonds being the first
to appear in smaller form. They
are about half the size of the original
bonds.
The Treasury expects to make
substantial savings in paper and
in printing. The bonds will also take
much less space in safe deposit
boxes.
Bankers Mourn Steagall.
Washington bankers are mourn
ing the death of Representative
Henry B. Steagall, 70, who had been
chairman of the House Banking and
Currency Committee for the last II
years.
He was strongly opposed to Ma
tion-wide branch banking and
throughout his long career in Con-
gress always had the interest of the
banks at heart. While he was ad-
mired for his work in Congress, he
also was a close personal friend of
many of the Capitals leading
financiers.
Reilly to Handle Bond Drive.
There have been inquiries in the
financial district as to whether John
A. Reilly, president of the Second
National Bank, who made such a
brilliant success of the Third War
Loan Drive, would be at the head of
the fourth drive.
Mr.. Reilly will be in charge of the
next drive as chairman of the Dis
trict War Finance Committee for
the District. This Craftsmanship
does not go by drives, but is a per-
manent Office or lasts as long as the
chairman can devote the required
amount of time to it. The work is
most eXacting
H. L. Rust was chairman of the
committee for two years, during
which there were two bond cam
paigns. Washington quota for the
coming January drive has not yet
been fixed. 1t will be smaller thar
the last one, as the national goal Is
a billion lower, $4,000, 100000.
Mergenthaler Dividend Voted.
Directors of the Mergenthalel
Linotype Co. have declared the regu-
lar year-end dividend of $3.50 pei