Evening star., 1924-10-31
FINE TRADE SHOWN
BY BANK CLEAR|NCS
Ten Months Report Not Far
From Last Years Total
for Full Year.
BY CHAS. p, sHAErrER

Bank clear1ngs, which are perhaps
the pest business barometer Wash
fngton boasts, indicate conditions herA
are in excellent shape with a maxi
mum amount of money changing
hands each month A casual survav
shows spirit Of contentment in
practically every line of business. in
Guiding the large mercantile houses
which are no longer complaining OF.
overstocked counters
Clearings fo- the first ten months
OF the present calendar year, ending
today, total 1857, ,681, sos, or only about
$144 100000 behind the total of last
year, when an all-time peak Of s1,102.-
l5S,974 was established. Clearings for
October, 1924, mounted to sse,752.o8s.
an increase of approximately $1,000
900 and gain Of about SO, 600 900 over
last month. 1t is noteworthy that.
every month thus far this year has
resulted in gain in clearings over
the corresponding month of last year
with the exception of May, 1923, when
monthly high record of sl01 ,408,0S8.
was rung up.
Virtually every local line of money
exchange is reporting a larger vol
ume,t but authorities on the subject
declare that women's apparel shops
are handling the bulk of the increase
This particular line of business has
reached proportions unprecedented
and has done more than it's share in
boosting Ae clearings total
Phone Earnings Gain.
Net income of the Chesapeake and
Potomac Telephone Co. for Septem-
ber, 1924, amounted to S100.876. an in
crease of approximately $1,000 over
the corresponding period of last year
and a gain of about $4,000 over Au-
gust.
Total operating revenue amounted
to s41 1856, with expenses amounting
to S33S,343. Taxes assignabIe to on
era1ons and uncollectibIe amounted
to S35, 1858.
Plant and equipment added during
the first nine months of 1924 amount
ed to s1,7S3.256. while retirements ag-
gregated s573,27S.
Trading on Local Board.
A strong, even trend was maintai!.-
ed on the Washington Stock Ex-
change today, with no issue in par
ticular prominence. Capital Traction
stock, which is a present market ia
vorite. sold to the extent of As shares
at ?2A and 100 shares of National
Mortgage and Investment preferred
was traded in at .. A single share OF
Lanston changed hands at 20, and two
Title Insurance sold 10 an aggregate
of 100 shares at S.
Bonds were dull. Capital Traction
5s brought 98A. with gas 5s a poiEc
lower. Gas 6s sold at fractionaNy
above par, and Wardman Park Hotel
6s brought par and three-quarters
Southern Seeks Bond Issue.
The Southern Railway Company to
day applied to the Interstate Con
merce Comm ission for authoritE.
nominally. to issue s5.000.0O0 of de
velopment and general mortgage Z
per cent gold bonds to be held in the
company's treasury.
Utility Company Reports.
Net earnings of the Cities Seryi,.
Company for September, after charge
and expenses, were sS29,354, which
compares with S773.5S1 in the SAM
month last YEAR This brought the
net for the 12 months ended with Sep
tenber 30 up to S14.456,O50. against
S13,4S5,511 in the corresponding period
a year ago. After distribution Of
dividends on the preferred stock the
balance, available for the common
shares and reserves. amounted To
s9,3S6,140.