Evening star., 1924-05-02
TOTAL OF U. S. DEBT
LOWER BY se,OOO,OOO
Gross Amount Outstanding Placed
at $21, 1,s14,442, ,s2s.25 at End
of April.
MONTHS DECREASE SHOWN
Restricted Trade Today on Local
Stock Exchange.
BY CHARLES p. sBAEFFER


The gross debt of the United States
totaled s21,S14,442, S2s.25 on April 30
last, decrease OF approximately
$9,000,000 during the month. the
Treasury Department announced this
morning. To meet this indebtedness
the department has a net cash bal
ance in the general fund of S331,7z5,-
401.58.
Figures submitted this morning
show a gross reduction in indebted
ness OF approximately $4,000, ,ooo, 900
from the peak in August, 1919, when
outstanding obligations totaled $26,-
596, ,648.01 and a decline of ap-
proximately $1,000, ,o0o, 900 in the last
twelve months.
OF the gross reported s21,353,s63,-
231.29 is interest bearing, consisting
of $16,154, 4,393,9s0 OF bonds, s4,o46,-
$4,000 of Treasury notes, $74s-
b76,5oo of certificates and the re-
mainder OF war savings securities.
Lanston MOnotype Dividend
Directors of the Lanston Monotype
Machine Company have declared their
regular quarterly dividend Of IL PEI
cent. on the stock of the company,
payable on May 81 to stockholders of
record at the close of business Ma
81. 1924.
The company has an authorized cap =
italization of $10,ooo,oo0, of which
100000 is unissued.
Street Railway Earnings.
The Washington Railway and Elec-
trio earned a net of $29.I79, a slight ,
railing off from the corresponding :
period of last year, according to state
ment hled with the Public Utilities
Commission yesterday. For the first
quarter to date the carrier has earned
s223,620, an increase of approximately
$14,345 over the corresponding three
months of last year.
Earnings Of the street car company's
line subsidiaries are in arrears of
those reported for the same period of
last year.
Notes of Local Exchange.
Unchanged prices ruled today's re-
stricted trade on the local board
Railway preferred was firm, fiuctuat-
ing downward from TAX to 73M
This was the only stock issue to be ,,
sold.
On the investment side of the mar
ket, Gas IS sold at s5; Traction 5s at
80, and Washington Gas SIS at 100 y. /,
1t was noted today that the Penn
sylvania railroads net operating IN
come for the first quarter of 1924
was s18,5s1,so7 compared with s17,- )
Ul5, S2S year ago. March net was
$I1S2,535. a drop of S1,748,S37 from ;
March, 1923. Gross revenue for the
quarter totaled s170,056 $50, a de-,
crease of more than S6.000,00 fror.
the same period last year.
Essay Contest Ended.
The District of Columbia Bankers
association essay contest, participat-
ed in by students OF Washington
chapter, American Institute of Bank .
ing, closed last night and all papers
must be in the hands of president
Harry v. Haynes before the close OF
business tomorrow. The subject of
the essay is Service versus Service
Mr.. Haynes has named Victor z.
Deyoer, c. II. Pope and Maurice OF
terback to adjudge the efforts sub
mitted. This committee will be in
possession OF the papers on Monday
next and their decision will be hand
ed down on May 12. immediately
thereafter the names of the three
papers selected as prize winners will
be announced and the respective in
stitutions employing the successful
authors will defray their expenses
70 the annual convention, at White
sulphur Springs, where the papers
VIII be read in open meeting.