Evening star., 1943-10-22
1876 Telephones
ADDED TO Capital
Lines in Year
By EDWARD C. STONE

TO another all-time peak in Septem
Der, continuing the good-sized gain
registered every month this year.
Telephones in use at the end O
S p m ber numbered 365 40;
against 352,7 ,702 in the same montl
year ago, an increase of 1876
as we'll as a stepping up of III
phones over August of this year
In view of war limitations on new
phones, this is considered an excel
lent record.
Average daily originating call.
were down slightly, officials said. due
chiefly to the plea to the public
to make only calls considered es-
sentlal, in order to keep the lines
open for wartime service. Average
daily calls numbered 1,462. .78C
against the higher figure of 1905
BAL III September of last year, the
report stated.
South Carolina Tops List.
South Carolina, with a trade gain
Of 50 per cent, led all other states
in the Fifth Reserve District in de-
partment store sales in the first
nine months Of 1943, the Richmond
Reserve Bank reports. The State
also had the best September gain
"a per cent.
North Carolina had a nine
months trade advance of 25 per
cent, Virginia, 2l Maryland. Il:
and West Virginia. l3. Virginia
store sales were up II per cent in
September, over September year
ago, and Maryland trade was 10
per cent better.
The Richmond report gives every
indication that trade in this re-
serve district will end the yeal
we'll ahead OF the 1912 record. Trade
in the Capital is now 7 per cent
above last year.
Special Bond Cover Planned.
To stimulate the purchase Of Sc
rleS E War Savings bonds. to be
given as Christmas presents. the
Treasury has designed an attrac-
tive Christmas cover for disrribu-
ton to issuing agents who expect
a demand for them.
The cover will be a simple folder.
with a winter scene reproduced
from water colCrs. A printed card
AS part of the design will bear the
words So therell Always Be a
Christmas-My War Bond Gift To
You"
There will be line for the name
of the recipient and the folded size
Of the cover will be 424 inches by
63s inches long.
Bond Contest Awards Made
At a meeting Of the Hamilton
National Bank Club Yesterday after
noon, Paul V. Donovan. president,
results of the recent War bond con-
tests were announced and prizes in
War bonds and stamps presented to
the winners, by Vice President w. r
Forster, One contest was made up
of four teams in the main Office ana
the other Of one team at eacn of the
seven branches.
First prize in the main Office was
captured by Team No. 3, captained
by T. J. MaCWilliamS: second went
to Team No. l, c.. ". Hauptman.
captain: third. to Team No. 4, Paul
V. Donovan, captain
Among the branches. Northeast.
captaincd by George F. Hoover. took
first prize The team Won great
applause for selling as many War
bonds aa ell the other branches COM
bined and more than any one team
ct the main office. Second prize wenr
to the Seventh Street Branch, John
NJ. De Marco, captain; third to
Woodbridge e-Langdon. E. L. Norris
captain
Vice President Joshua Evans spoke
brieAy and w. J. Waller was given
an ovation as it was the first meeting
of the club since he was elected
president Of the bank
Amortized Mortgages Urged.
The value to banks Of the use of
the amortizcd real estate mortgage
is set forth in a booklet entitled
Owned Real Estate and Mortgage
Amortization" published by the
American Bankers Association.
Advocating a more widespread use
Of the amortized mortgage by banks.
the study points out that through
use Of the amOrtized mortgage, a
higher percentage Of value can be
advanced with greater hope of
safety and for a longer term than
when the mortgage calls for repay
ment of the entire amount at a
specified date
The advantages Of the amortized
mortgage have become generally
recognized by mortgage lenders and
provision for amortization are con-
tanned in most OF the home mort
gage loans now being made" the
study says
Four Controllers on Program.
District Of Columbia Control. Con-
trollers Institute Of America. will
meet Tuesday evening at the Carlton
Hotel to hear four controllers discuss
The Impact Of Wars Oh Public
Utilities" A social period beginning
at $50 will be followed by dinner.
The speakers include j. Z. Heberle,
Capital Transit Co.: H. G. Havdon.
Potomac Electric Power; T. 4. Ken
worthy, c. & P. Telephone Co., and
O. H, Ritenour. Washington Gas
Light Co.
A rCund-table discussion will fol-
low, according to R. E. Feilmuller,
president.
d. c. Securities Hold Firm.
Washington Gas Light common
was strong Oh the Washington Stock
Exchange today, 100 shares changing
hands at % eX-dividend.
Mergenthaler Linotype was also
strong. selling at 47as. The market
closed with AZ. bid and 47l2 asked.
a very small spread.
Capital Transit came out today on
2 small transfer at 30, practically
UNCHANGED.
Washing ,on Gas s. preferred and
the $3.50 preferred have been added
to The eI-di,:Gend list.
Leading Bankers Confer Here.
n. J.. n. " gGino head Of tic
American Bankers A6eocia ion. has
keCn comforting here with some
members Of the ABA Subcommittee
On Agricultural Credit. -awo,d