Evening star., 1923-01-19
Dc. AUTO|STSPA|D
$367,773 IN 1922
Fees Collected Here and All
Over u. S. Reflect Great
Value of Industry.

slight indication OF the lmpof-
tancc the automobile industry plays
in tho life of the country may be
gained when consideration is given
the tremendous increase in reSistra-
tion Of cars and trucks and fees col
lccted by tho various states in motor
taxes during 1879. as compared with
same for the year preceding,
In 1872, according to Automotivc
Interests. there were registered in the
United States I2.357,376 cars and
trucks, an increase Of 1.S51,716. or
+ per cent over the 1921 registra-
ton Of 10,505,66O. Fees collected by
the various states in motor taxes ag-
srcEatcd $l5Il37.53S, or approx
1natcIy S%0,OO0,000 moro than in 1921.
There arc now 81 persons "a car
New lork, with 1,0O0.732 motor We
htclcs, is the first state TO pass the
million mark. Ohio ranks second,
WIN $4,000: California third with
s42,665, and Pennsylvania fourth. with
H<9' 81. Nevada, with 12,647, has the
smallest number.
The total registration in the District
"L Columbia for the year Just closed
was Ho,425. 1888 Of which were pas
ScnEer ears and S,S32 trucks. The
pa, foeS paid by car owners of the
'-''2'' ~ y ttl ltlttt $50 -
Southern Building 60. Meets.
At the annual meeting Of the South
crn Building Company. which owns
ana operates the Southern building at
l3th and FL streets, the stockholders
elected the following directors to
: serve for the ensuing year: Allan T.
walker, Leroy Gaddis jr; William |,
Hro~ning, w. Edgar Leedy, Hugh S
Hanna. John r. Waller, John Lewis
smith and :. l.. Golden.
ne directors organized by electinE
SIian Il Walker. president; Leroy
SrdddlS. Jr-, vice president, and Will
nam l.. Browning, secretary and
treasurer.
The report Of the president. read by
Mr.. Walker, showed the affairs of the
company to be in good condition and
Ihe flrst year of ownership to have
ncen "A most successful one. It was
announced that practically the entire
hulidInS had been redecorated and
4enoNat"d during the past year
ine regular quarterly dividend Of
Sl.5O per share on the preferred stock
ana so cents per share on the COM
mon stock was voted for payment to
ckholderS OF record January 2S
and payable January 30.
CHASER Company Dividend.
AT meeting Of the board of di-
rcctors of Charles T. Glasser & Co.
Inc, investment bankers. of lis
broadway, ~ Y, a dividend of 81
per share on the company's common
stock and the regular dividend of z
per cent per annum on it's preferred
stock. both for the last quarter of
1922. was declared to stockholders of
record January 10. checks to be mail
ed on February l.
The dividend on the common stock
makes a total of 81 for the year
1922 an increase of 81 over the
previous year, according to the COM
Pany'S statement.
The ny 4 81 n 10
in the Bond building. \. w. Tracy
is resident manager.
Dinner Program Complete.
All is in readiness for the dinner to
be given Jointly by the District Bank
ers Association and the Washington
Stock Exchange at the New Willard
Hotel tomorrow night
Chairmen of all committees have been
busy at work completing details of the
affair. which according to those in
charge, will surpass anything of the
kind ever attempted in Washington.
Senator Reed Smoot of Utah will be
tho only selected speaker on the pro-
gram.
Cities Service Earnings.
Earnings of the Cities Service Com
pany for the year ended December 81,
1922 continued to show a steady in
crease, according TO statement issued
Yesterday.
GrOSS earnings IN tnlS period were
Si4,659,971, as compared with S13,461,-
no for the twelve months ended De-
Cember 81, 1921. Net earnings last
year were $14,205.674. After payment
of all interest charges and preferred
stock dividends of S4,917,517, there re-
manned a net to common stock and re-
serves of $6,929,602. which was equiv
alent TO SASS earned during the year
on the average amount of common
stock outstanding. Total surplus and
reserves as of December 81, 1922, were
S46,056.2G9.
MT0 hinn4nn C+ooL EuoL,on.