Evening star., 1950-01-01
Rising Costs Reduce
November Phone Net;
Gas Earnings Gain

Gas Earnings Gain
November net income Of the
Chesapeake & Potomac Telephone
Co. in November amounted to
$274,714, compared with $3o8, 200
a year ago. a drop Of $50, ,486. the
report filed with the Public Utili-
ties Commission yesterday re-
vealed.
Operating expenses, including
taxes, showed an increase of $685.
576. Operating revenues of $2,-
934,173 disclosed a small increase
over November, 1948. At the end
of the month there were 463, IA
telephones in Washington, a gain
of 17,727 over the same month a
year ago. -
Net income in the first II
months of 1948 totaled $3,0S6,818,
in comparison with $3,596,461 in
the like 1948 period, a decrease of
$509,643.
Gas Earnings Improve.
Net earnings of the Washington
Gas Light Co. in November totaled
$1o9,o ,o36. a gain Of $3.765 over No
vember a year ago. the report to
the PUG revealed. The operating
picture was aided by cooler
weather and a substantial gain in
the heating load.
Net earnings in the II months
amounted to $849, ,682, a decrease
Of $39,894 from last year. Rising
costs of operation also reduced net
income Of the subsidiaries, mild
weather also being an important
factor.
Sales for the system totaled a.
1888, ,841 therms for November and
135,631 ,040 in the II months, in
creases Of 10 and 2 per cent, re-
spectively.
Baggett Given Promotion.
Howard M. Baggett, former
Washington Star reporter and
photographer, has been elected
assistant vice president of the
Continental Life Insurance Co., it
was announced yesterday by L.
Mccarthy Downs, president.
Mf Ra6onff a yon{t1y4 ~S
andria. has been with the Con-
tinental for Is years. He gradu-
ated from George WASHINGTON
University in 1927, and was with
the Equitable Life Insurance Co.
OF Washington before joining The
Star staff.
The Investment Building at 18th
and K streets NV, long owned
by the company, will be called the
Continental Building beginning
tomorrow.
Store Sales in Sharp Rise.
Department store sales In
washington in the final week be-
fore Christmas. ending on Deem
Der "a, ran Is per cent ahead of
the same week a year ago and in
the four weeks ending on the same
date were 6 per cent above the
1948 record. the Richmond Re-
serve Bank reported. ~
There was a trade letdown of
4 10 per cent from the preceding
week this year, the report stated.
The ID per cent gain in Washing
Ton over last year compared with a
Is per cent increase In the Fifth
District and a national average
upturn in dollar volume of Il per
cent. =
Acacia Honors Montgomery.
High honors were paid William
Montgomery at a Mayfower
luncheon yesterday on his birthday
and his Seth anniversary as
Acacia's guiding head.
Frances Cleary presented Mr..
montgomery with individual
birthday and anniversary cards
from more than TOO persons who
work In Acacia's home office.
Roland c. Suter OF Baltimore.
Nd, and Clarence L. Fritz of
Newark. N. j., spoke for 600 sales
representatives, and Lillian Suit
represented those employees who
work in the rs field offices. James
e. Colliflower spoke for the board
Of directors.
Mountjoy Retires From ABA.
Edgar E. Mountjoy, deputy
manager Of the American Bankers
Association. and for 80 years in
charge Of the National Bank Divi-
slon. retired yesterday. For 18
years he lived in Washington
while in charge of the National
Bank Division of the ABA, going
to New York in 1887. He is
graduate Of Georgetown Univer-
sity.
The French Line Is reopening
the Washington Office which was
closed during the war, in the
Walker Building. 734 Fifteenth
street NV. Bernard Thomas,
with the line since 1882, except
during the war. will be in charge
Of the Office which will also in
clude Virginia, Maryland and part
Of North Carolina.
The Washington agency of the
Massachusetts Mutual Life wrote
1875 per cent of its quota in 3d.
day contest, production totaling
S44, ,723,410. T. Loehl O'Brien won
second honors for the entire Ma
ton.
Bids for Washington Baseball
stock advanced in the financial
district Friday to SGT a share.
Aldens, Inc, Chicago's fourth
largest mail order house, issued its
spring-summer catalogue with
price reductions averaging 90
from a year earlier.
Wnshinnfon s