Evening star., 1943-03-07
Bache Go. May Keep
D. {. Office Open
Two Nights a Week
Plan for War Workers
Tested in Cleveland
And Cincinnati

Tested in Cleveland
And Cincinnati
By EDWARD c. STONE.
Plans for opening the Washington
ONCE Of J. s. Bache & Co., New Yorl
Stock Exchange firm, two evenings
aweek are being seriously considered
and will probably be put into effect
In the near future, L. B. Brubaker
manager of the office. announced
yesterday.
The aim OF the proposed move is
to furnish investment service to
clients engaged in war work who are
unable to visit the Office during reg
ular trading hours, Mr.. Brubaker
said The sale of War bonds to
clients will also be featured, he
added.
Evening service was put into effect
In the Cincinnati and Cleveland
onles on February Is as an expert
ment In answer to requests from
( customers. It has been found ex-
pedient In those cities as a war
supplementary service.
The ONCE In the Washington Hotel
will be open on Monday and Thurs
day evenings. according to present
plans, Mr.. Brubaker stated. The
Bache firm has SO Offices in IS cities.
Evening service Is being extended
to the ofnces In Detroit, Akron and
Buffalo. Miami may be included
soon.
The move Is in line with that
taken by banks in several cities,
which are opening evenings for the
benefit Of depositors, Mr.. Brubaker
commented.
Galley IS Years With Bank.
Albert s. Galley, vice president OF
the Lincoln National Bank, will
round out So years with the institu-
ton on March 10, having been with
the bank since the day the doors
were first opened for business.
Incidentally, Mr.. Galley, who is
Ju tsrecovering from a serious ILL
ness. Will observe his 50th wedding
anniversary tomorrow. He will be
able to return to the bank In a few
days.
Mr.. Galley is treasurer of the
District Bankers Association, an Of
nee he has held for about three
decades. This long service has
brought him wide acclaim at annual
conventions.
Payroll Up $117 ,sss, 900.
The printed report just received
here by American Telephone & Tele-
graph stockholders shows that the
Bell System payroll in 1912 reached
$640, ,618, 900, an increase Of Sill, $685.
900 over 1s41.
At the end Of the year there were
643,02l stockholders, an increase of
0,670. The average number shares
held was 20 and no stockholoer held
Is much as one-haf Of per cent
Of the stock; 2o7 900 held from one
to 1ive shares each and 607, TOO held
less than 100 shares each.
Taxes totaled 1896, ,047 900 in 1912,
compared with $288, ,493 900 In 194l.
There was an increase of SOL .494 900
In Federal taxes, the total bill
amounting to nearly $21 share on
the stock.
Huge sums were put into expan-
sion OF service and long distance
calls registered an ASTONISHING In
crease, the report shows.
January Trade Holds Well.
Sales Of wholesalers, based upon
reports from 2,669 firms represent
ing most kinds OF business in all
parts Of the country, were at ap-
proximtely the same level in Janu-
ary, 1913, as in January q year ago,
]. g. Capt, director Of the census,
has reported.
Twenty -one of the Is trades COW
cred showed increases In sales for
January Of this year. compared with
January. 1912, and "A showed losses.
Collections on accounts receivable
were up more than 20 per cent for
January, compared with January a
year ago and the same as In De-
cember.
"The Bankers Community Re-
sponsibilities in Wartime" will be
the subject of a public-speaking
OOutC0t W VIC ACAo Wy washington
Chapter, American Institute Of
Banking, Friday evening in the
chapter rooms in the American Sc
curity Building, 1t was announced
yesterday by Douglas r. Smith, Ma
tional Savings & Trust Co., chair
man Of the Public Speaking Com
mittee.
The winner Of the contest will be
sent to Pittsburgh in April to par
ticipate in contest with the other
winners from this district.
Allstate Assets Show Gains.
Nineteen hundred and forty-two
was the llth straight year of
increase premium volume for the
Allstate Insurance Companies, auto
mobile insurance affiliates OF Sears,
Roebuck 6s Co. Calvin Fentress, jr.,
president has reported that premium
writings for the companies rose to
$7,20O,480, an increase OF 1868 ,279
over l94l.
Assets of the Allstate Insurance
Co. increased $l.674, ,4s6, or 20.5 per
cent, to $9,83l, ,784, while those OF
the Alstate Fire Insurance Co. in
creased $421 ,158, or 228 per cent to
$2,265,572.
Combined investment in United
States Treasury bonds, notes and
certificates increased $2658.103 dur
ing the year. Reserves for taxes
payable In 1943 amounted to ST.
156,192.
Bankers to Continue Study.
About 30 per cent of the bankers
In the junior and senior classes in
the graduate school Of banking will
return to Rutgers University in June
1t was announced yesterday. About
10 washington financiers are al
ready planning to enroll, it was
stated.