Evening star., 1951-10-28

Arlington FRIDAY. IL IS the nrSL
unit of the company's $13.5 mil
lion shopping center. Parkington.
The company opened its first
suburban store in Silver Spring
four years ago and two more
floors were added in 1850 as a re-
suit of its remarkable success.
Tire Dealers Coming Here.
The National Association Of
Independent Tire Dealers will
open its 31St annual conference
at the Shoreham Hotel tomorrow
with Attorney General McGrath
as keynote speaker.
More than $500 persons repre-
senting every segment OF the tire
are expected to attend.
David r. Lehman, Washington
tire dealer and truck terminal
owner, is president of NAITD.
James M. Reed, chairman OF
the Federal Trade Commission.
and Harry E. Humphreys. jr..
president and chairman Of United
States Rubber Co, will speak
Tuesday. >
Phone Net Drops Behind 1850.
Chesapeake & Potomac Tele-
phone Co. yesterday disclosed
that September net income OF
$430,5 ,598 was moderately below
S446,517 year earlier. with ex-
penses rising faster than revenues.
However. net income of $4,291 .626
for nine months this year re-
mained we'll above $3,857 ,695 a
year earlier.
September revenues amounted
to s3,771,015 VS.. $3.3S0,896 a year
earlier and expenses were $685.
883 VS.. $2,386.533. Nine months
revenues totaled $34,234,875 VS..
$29,062,817, while expenses
reached $23,786,814 VS.. $2f, f,175.775.
Directors approved an addi-
tional $499,000 of expenditures
for improvement and expansion
of facilities in the District.
Second National Grows.
Deposits of Second National
Bank gained $3,215,l93 and cash
and due from banks rose So. .380,075
between the June 80 and october
10 banks calls this year, state
ment from President John A.
Reilly revealed yesterday. Assets
increased $3,276,093.
Deposits on october 10 totaled
$32 ,931 ,829; cash and due from
banks, $10.866,886. and assets.
$35, ,754.2l8.
Outstanding loans amounted to
SIS, ,141,5 ,562 on October 10, a gain
of $163,688 above June 30 and
were $2,052 $50 above their mark
for the October 4, 1850. call.
McLachlen Assets Climb.
Assets of McLachlen Banking
Corp. amounted to $21, ,243,535 on
october 10. date of the latest
bank call. gain Of $733.227 since
June 30, President l.. P. McLach-
len announced. Deposits Of
$40, ,225,415 were up $711,275.
The rise in deposits included
q $795,602 increase in demand
deposits of individuals, partner
ships and corporations and a
small gain in time deposits from
The same source. Federal govern
ment deposits were down $31,675.
Loans of $5,740.483 were down
$4,000 since June. but remained
$652,178 above q year earlier.
Cash Of $5,726,291 was up slightly
since June, and $685., ,359 above a
year ago.
Named National Officer.
Elmer Pusey of Judd & Det-
weller, Inc, was elected treasurer
If Printing Industry of America,
Inc, at its Boston convention.
James r. Bracket Of Washington
s general manager. John M.
Wolff, jr., Of st. Louis was elected
president for the coming year.
Harry Arthur Lyles, former part
Ter in the recently dissolved ad-
agency of Manchester d
Iyles, has organized new agency
lnder his own name at 924 Nine.
eenth street NV.
Chicago and North Western
Galway System will move its
Offices to the Wyatt
Building, TIT Fourteenth street
wv, effective Thursday. Harold
;. Langerude Is general agent.