Evening star., 1922-09-28
TRACTION Earnings:
SHOW A DECREASE
Telephone Company In
creases, Gross and Net.
Ohio Bank Dividend.
BY 1. A. FLEMING.

Capital Traction earnings con-
tinued to show decreases in both
gross and net as compared with the
same months last year. At that time
tokens were selling at a higher price.
The statement Of the corporation
for the month CT August 1922, filed
with Public Utilities Commission to-
day showed gross income of $s2.-
0I-33. and net income Of s68.521.15
for August, gross income, $121,70S.7i.
and net. sss.os7.o2.
The gross decrease in the compari-
son was S29.6S1. and the net decrease.
s2s.57S.
Telephone EaintnEs.
Gross earnings of the Chesapeake
ana Potomac Telephone Company for
the month of August increased over
$4,000. the figures showing ss2.sS7.e.
earned. as compared with SSS.seI
gross income for July
increase in net income was proper
tiohateiy greater. as the report show
ed 3s4.sS1.O9 net income for August
as compared with S75,6S9.e5 for July
Ohio National Dividend.
The Liberty National Bank is pay
ms Out olEiueHc NO. on tne STOCK OF
tho Ohio National Bank. in process OF
liquidation. The first dividend for
per cent was paid in 1902. Including
the present payment. 81 per cent in all
has been paid in liquidation.
Tracy 1. Jeffords is president Of the
bank: j. j. kleiner. S. c. Smoot. John
D; Taylor and Charles E. Hood con-
stitute the directory.
Old-time certificates of stock in the
bank are signed by J. o. Johnston.
vice president: J. o. Taylor president,
and William Oscar Roome, cashier.
To the Convention.
Maurice D. Otterback. president OF
the Anacostia Bank. will leave for
New York city on Saturday night.
Directors Elected.
The annual meeting Of the sharehold-
ers Of the Bank Of Commerce and Saw
ings was held this morning and the fol-
lowing board OF directors was chosen:
NJ. D. Rosenberg. John NJ. Riordon. r.
P. Andrews. w. A. Bennett. F. W. Bol-
giano. A. Brylawski. Louis Bush. P. F.
Davids. c. f. Edwards. R L. Elliott. A.
S. Galley. Samuel Hart, G. A. Kneessi.
NJ. A. Reese, H. e. Mayer. Joseph II.
Hlilans. Irving Owings, Joseph Saunders.
DIR. c. A. Weaver. Alexander Wolf. q.
B. Zantznger. Ellie Sheetz and J. r.
Maury.
The new board will meet 20 Organize
in the near future.
Federal Finences.
New York bankers are wiring loc.i
connections today in an effort to obtain
any Information obtainable regarding
Secretary Melons plans for long-term
financing. generally believed to be near
at hand. but have so far been able to
get no definite reply.
New York papers of even date express
the belief that announcement will be
made Monday morning. October 2. and
that the fotation will be for $500. .o0o, 900
and bear ~ per cent.
The Wall Street Journal believes tha.
the money market has hardened so tina.
a ( per cent rate is not available "A;
this time for federal financing.
Local bankers. however. believe tha'
a flotation at per cent would frd
an oversubscription and that prsc-
tically any sale a any rate that Sec
retary Mellon decides on can be car
ried to a successful sale.
The possibilities Of lonC-tern bonds
at better than 4 per cent have. ac-
cording to New Workers. been par
TALLY responsible for the weakness
of the last few days in liberties. some
issues again selling below par.
Purchases of liberties have been
made by local financial institutions in
anticipation of an advance in values
in the near future.