Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-05-16
D. {. Telephones Set
Record Of 472,236
Al End Of April
By Edword G. Store

By Edword c. Sto-s
Ofhcials of the Chesapeake &
Potomac Telephone Co. reported
today that the number of tele-
phones in service reached new all
time high ground on April 80,
while average calls per day set a
new peak for April by a generous
margin.
The number of telephones on
April 80 totaled 472,236, a gain of
1895 from a year earlier and
1,10l ahead of a month earlier.
Average daily calls in April of
this year climbed to 2,288,834 as
compared with 2,206,630 a year
ago, the busiest April on record
and an upturn of $4,000 calls. The
daily calls record reflect the pres
ent high business levels in the
Capital.
Virginia Bankers to Speak.
Three Virginia bankers will
appear on the program of the
American Institute of Banking s
annual convention in Minneapolis,
June 11-16, in addition to Hart
well p. Taylor of the Bank of
Virginia. who will preside as ma
tional president.
The three are j. Hammond
Siler. jr.. of the Federal Reserve
Bank Of Richmond. chairman of
the Public Relations Committee;
Carlisle r. Davis, vice president,
State Planters Bank. Richmond,
and James w. Dodd of the Fed
eral Reserve Bank and outgoing
president Of Richmond chapter,
ALB. He will speak on Main
tanning More Effective Chapter
Operations"
Rail Earnings Improve.
Glass / railroads in the South
ern region report a net income in
the first quarter of $2l million
compared with $18 million a year
ago. March net is estimated at
$40 million, against So million in
March, 1949.
The SEC March SUMMARY of
securities holdings states that
James w. Austin, an official of
Capital Airlines, bought $500
shares of company stock during
the month.
The Society of Residential APP
praisers, which has an active
chapter here, now is Is years old
and has a national membership
of $500.
The j. Henry Hooper agency of
Provident Mutual Life Insurance
Co. has moved into the Wire
Building, Vermont avenue.
Hecht Sales OFF Slightly.
The Hecht Co. reports net sales
Of $l8,017,386 in the first quarter
as compared with $18,657,633 in
the corresponding quarter Of 1949.
a decrease of $640,247 or "a per
cent. :.
However, in the So weeks ending
on April 20. net sales totaled s83.-
3S9.624 compared with $82.915.547
in the preceding year. an increase
of $474,077 or 0.6 per cent.
The report was made by Samuel
M. Hecht in Baltimore and in
cludes all the Hecht stores.
Heavy Trading in Rights.
Trading in Potomac Electric
Power rights" continued very &C
tive on the Washington Stock Ex-
change again today. Yesterdays
transfers exceeded $4,000 war
rants, the heaviest day in trading
in rights ever recorded on the ex-
change. The rights. which have
been selling at 4b32, dropped
to 1892.
Potomac Electric Power COM
mon has dropped to 1875 here and
in New York. Commissions for
dealing in rights and buying the
new stock make the price for the
new and old stock practically the
same. The rights expire on May
25. It takes five rights to buy a
share of the new common at
$14,50 a share.
President on Program.
President Truman will address
the 26th annual conference of the
Association Of Better Business Bu-
reaus at a dinner on June at
the Shoreham Hotel, it was an
nounced today. The conference
begins June S and will be attend
ed by officers, directors and execu-
tives of better business bureaus
from all parts of the country.
John c. Powell and Thomas F.
Burke, attorneys, will attend the
meeting of the safe deposit section
of the District Bankers Associa-
ton at the Lafayette Hotel next
Tuesday night. There will be a
question and ANSWER period. Mrs.
Burdette Monroe will preside.
The annual meeting of the fidu-
Charles section of the Bankers
Association takes place at the
Washington Golf & Country Club
tonight. Herman G. Lauten is
slated to be the next chairman.
Sydney S. Ager has returned to
Street g. Smith Publications as
sales representative for Mademoi-
selle in Philadelphia. Baltimore,
Washington and Pittsburgh.