Evening star., 1952-05-04

sAAN OAAN koSS
president of the association. Vice
chairman is George M. Fisher.
senior vice president Of Washing
ton Loan G Trust Co.
Ralph Endicott, vice president
Of the Washington Loan & Trust.
is chairman of the entertainment
committee. Vice chairman is
John c. Mccormack, vice presi-
dent and cashier of Riggs Ma
tional. The two committees in
clude:
Bruce Baird, Daniel W. Bell, AUsi Clarence F.
Burton, Robert v. Fleming; Thomas J.
Groom. John A. Reilly. and Wilmer J.
Entertainment-James P. Benfer. tr.,
Herbert D: Lawson. A. Scott Ofutt and
Expenses Cut Phone Net.
Net incomes of Chesapeake &
Potomac Telephone Co. in three
of 1852 totaled 81, ,423, ,066,
compared with $1,599, ,405 in the
same period last year, the COM
pany reported yesterday.
Operating revenues amounted
to $11,859.533 VS.. $11,232,726 a
year earlier, but operating ex-
penses also rose to $8,204 1854 VS..
81, ,586, 1868 and operating taxes in
creased to $2,165, 1871 VS.. 81 .989 $50.
March net income was $492. 1894
VS.. $562,215 in March, 1851. The
revenues aggregated So
983, ,668 VS.. $3,901, ,201, and operat-
ing expenses totaled $2.726,2l7
VS.. $2.640,187. Operating taxes
amounted to $754,299 VS.. $685. 1854.
League to Hear Senators.
Senator Frear. Democrat. Of
Delaware. and Senator Bricker,
of Ohio, will address
the annual convention of the Ma
tional Savings and Loan League
here at the Mayflower Hotel
May Ills.
Other speakers will include: DR..
John r. Steelman, presidential as
sistant; Chairman William K.
Divers, Home Loan Bank Board:
Oliver s. Powell. Federal Reserve
Governor; Raymond M. Foley.
Home Finance Administrator; T.
B. King, director of the GI Loan
Program Of the Veterans Admins
tration.
Gain I'm Loans Surveyed.
Net loans of 10 banks and trust
companies here totaled $372.816,-
900 on March 81. after deduction
of reserves, a gain Of 5000 900
from three months earlier and
1884. 900 above a year earlier. the
controller Of the currency re-
ported.
Capital accounts totaled $780,
418,000. a gain Of $662, 1000 since
the end of 1851 and up $3,003, 900
from a year earlier.
New Vice President Elected.
Adrian p. Fisher has been
elected vice president of the
First National Bank of Southern
Maryland at Upper Marlboro to
succeed the late Henry L. Morris.
Mr.. Fisher has been a director and
counsel for the bank for many
years and will continue in those
capacities.
D. Worth Stanton, Victor L.
Minter, jr., and Arthur j. Bruner.
certified public accountants, have
announced the formation of q
partnership under the name STAN
ton. Minter and Bruner. with Of
fees in Alexandria and at 17l8
Rhode Island avenue NV. They
formerly were associated with
Snyder, Farr & Co.
Bank Fiduciaries To Meet.
The Fiduciaries Section of the
District Bankers Association will
hold its Spring meeting at the
Washington Golf and Country
Club Tuesday. May 20. Chairman
L. Church, jr.. an
]. Newton Brewer. jr.. partner
in Rouse, Brewer and Becker. re-
ceived congratulations Of many
friends yesterday on his election
to the board of Emergency Hospi-
tai. The election Is q further re-
cognition Of Mr.. Brewers interest
in civic affairs.
A class from st. Johns College
will visit the Washington Branch
Office of Francis I. DUPONT & Co.
Wednesday to study the securities
business.
Washington department store
sales in the week ended April 20
were IL per cent above the previous
week and 2 per cent above the like
1851 week, the Federal Reserve
Bank Of Richmond reported. Sales