Evening star. [volume] (Washington, D.C.) 1854-1972, 1951-11-19

lIle CASHIERS ASSOCIATION is j.
Kenneth Mathews of Folger,
Nolan g. Co.
Miss Mabel F. Strider, person.
mel officer of the National Geo.
graphic Society, will be guest
speaker of the Bank Women's
Club of Washington at its Thanks
giving dinner tonight at Tilden
Gardens. The Metropolitan Ma
tional Bank group has arranged
the program.
Miss Strider has travelled ex-
tensively throughout the United
States, Europe and Asia. She has
chosen as her topic. BE Careful
What You Wish For"
B. & o. Annual Meeting.
Shortly after President Roy B.
White told Baltimore & Ohio Rail
road stockholders at their Baltl-
more annual meeting today. that
company costs are increasing fast
er than revenues. the Board of
Directors declared a 4 per cent
dividend on preferred stock. A
similar 4 per cent dividend was
declared November 20 of last year.
Announcement came from the
office of R. S. B. HartZ, company
secretary. The new dividend
amounts to 81 per share and is
payable December 81.
Mr.. White told the stockholders
"the rise in railroad rate levels
has not kept pace with the in
crease in cost levels, and the
spread is continually widening"
He reported that B. & o. oper-
ating revenues for the first 10
months of the current year were
1876 per cent above the same
period Of 1850, while operating ex-
penses had jumped 1896 per cent
in the same period. This was a
result, he said. of the time lag in
increasing rail rates.
Freight traffic during the first
10 months Of this year was 11.86
per cent above the same 1850
period. based on revenue ton miles
handled. During the first nine
months of this year sleeping car
passenger traffic was up q. SO per
cent and coach passenger traffic
up 844 per cent.
Net Income Gains.
He estimated net income for the
first 10 months of 1851 at S13.527,-
1863, higher by S1.619.917 than in
the same period of 1850. Operat-
ing revenues for the comparative
periods were 1915, 502,6l9 and
$3.50, 545. 400, respectively. Income
from all sources in 10 months of
1851 totaled 1881 1856, 1892, which
was $46,163,987 above the same
1850 This included a S1,169. 889
dividend from Western Maryland
Railway credited in August.
Yule Club Checks Mailed.
Christmas Club checks totaling
$670,000 have been distributed by
the Bank of Commerce and Saw
ings to 8,671 accounts, new rec
ord, the bank announced today.
Last year 1850 club members re-
ceived $4,000. Checks were
mailed earlier this month by the
bank to help out in the early
shopping" campaign and for the
convenience of members.
Reynolds Explains Action.
r. S. Reynolds, jr., president of
Reynolds Metals Co. explained in
Richmond yesterday why the
firms directors did not vote a
stock dividend when it approved a
cash dividend last week.
The company is currently en-
gagged in financial and other nego-
tiations looking to a further
expansion of its facilities to meet
the needs of defense" he said.
1.-THE directors felt that the matter
of stock dividends should not be
considered concurrently with these
pending negotiations"
Both stock and cash dividends
were voted at last years fall
meeting. The cash dividend ap-
proved last week amounted to IS
cents, bringing total Reynolds
cash dividends for the year to
S110