Evening star., 1922-02-14
EXCHANGE ACTIVITY
SLOWS Up TODAY
Trading fon Bond Side of
Local Market Is Also
Very Light.

The unusual activity which marked
trading ON the local stock exchange
yesterday subsided considerably to-
day. Twenty-Five shares of Capital
Traction were sold at 95E, and one
share of the same stock brought 50 q.
There were two lots of twenty-five
shares each Of Washington Railway
and Electric preferred disposed of at ,
sc. while twenty-nine shares of Wash
ington Gas Light changed hands,
twenty-seven shares bringing 49 and
two shares 4sA. Mergenthaler Limo
type was steady around 144. three
shares selling at that figure, and ten
shares at 143k.
On the bond side traSing was very
light. One $1,000 Washington Gas
Light IS sold at So Y, and one of the
same company's $500 7zs brought
1867.
Extend Graphophone Hearing.
Judge Morris. in the United States
district court at Wilmington, Del,
has extended until February II the
time for filing afiidavits in the appli-
cation for receiver for the Colum-
bia Graphophone Manufacturing Com
the application, set for that date, was
advanced to Monday. February 20.
EarnfnEs Exceed Last Years.
For the first time in a long period
the Western Maryland Railway Com
pany was able to show an increase =.
in the estimated earnings for theD
week ended February z. compared
with the corresponding week Of the pre-
ceeding year. This was brought
about chiefly by the increase in coal
and coke freight receipts, which
showed again for the first time in
Da nd
receipts were the only items showing
a decrease for the week.
The earnings for the week totaled ,
$3.50. .020.65, an increase OF s7.s14.75, or
2 per cent. For the current fiscal
year to February the report shows
the earnings to. have been sl.s5s.
! OsS.64. against s2.O76,4ss.s4. a de-
crease of S211,3sO.20, or 10 per cent
B. & o. shows Increase in Net.
Although gross revenue of the Bal
nearly s4.500.000 in December, as
compared with December of the
previous year, and was about the
same amount less than those of the
Immediately preceding months, the
company. continuing it's policy of
cutting expenses drastically, report
ed net revenues from railway op-
erations for the month of about
$2,50e,60o, as compared with about
100000 in December of the previous
cut nearly in half, as compared with
December 1929. a saving of more
than 100000 being effected on this
alone, while transportation expenses.
reduced from s1o,00o.o00 TO about
Sc .0o0, 600.
For the year operating. revenues
were s1?S.6e2,000, a decrease of $780,
322 900. but operating expenses Were
cut from S226, $4,000 to Sl66, ,i5 1000
leaving a net revenue from operatio;
of S33,165,e00, compared with S5,545,-
600 the preceding year.
After deductions for tax accruals,
rents, etc. net railway operating in
come for the year was $21,S53,000. a.
against a deficit in 1920 of s4.466.00G.
The company had non-operatinE
revenue of about 100000 last year
which added to its operating net IA
come, left a surplus of about $4,000
600 after dividends on the PREFER
stock. This is equal to about 4 !
cent on the common stock.
Chevy Chase Bank.
The newly ihcepted Chevy Cha
Savings Bank is mailing a circuiI
letter to all stockholders and dire
tors calling attention to the fact tn"
deposits passed the 100000 mar.
February 10. according to an al
nouncement issued by Cashier Charlie:
Troth yesterday.
! This savings institution was throw
open to the public December i. 1921.
with deposits of S25.416.72. On De-
cember Is, this sum had grown 10
| S46.67s.46. and to s56.7S7.73 on De-
total deposits amounted to s72,o37.5s.
| and to $101.237.50 at the close of
| business February 10.
A. i. b. Notes.
Robert V. Fleming, vice president
of the Riggs National Bank, will aG-
| dress the elementary class, American
Institute of Banking, tonight on
| transient Department and the Fed
eral Reserve System"
More than five hundred menbers
and guests are expected to attend the
eighteenth annual banquet of the or
zanization- to be held at the New
Willard Hotel February. %. according
to announcement made by w. A. DeX-
ter of the Riggs National Bank, chair,
man of the committee in charge of
arrangements.
Based on requests for reservations,
it is predicted by Mr.. Dexter that the
affair will be the largest ever held by
the Washington chapter.
Harry V. Haynes, president of the
Farmers and Mechanics Bank of
Georgetown, chairman of the COM
mittee on speakers, said yesterday
announce the principal speaker for
the occasion within a few days. Sew
eral nationally known orators are
being considered.
Postal Savings Deposits.
The total deposits in United States
postal savings are approximately
S144709, 600, according to an an
nouncement made yesterday. which
represents a decrease of about $780,
900 during January. Six Offices with
| 100000 or more on deposit, made
/ gains during the month in excess Of
| $12, 900: The Washington Office shows
deposits of s3S6,s6o.