Evening star., 1925-01-29
BANKERS TO GIVE n
TALKS OVER RADIO
New Move in Educational
Campaign-Today's Trad
ing on Local Exchange.
BY CHAs. p. sHAEFFER.

The educational program of the
American Bankers Association will
evolve the most extensive proportions
ever conceived locally If the plans of
w. J. Waller, supervisor of education
Tor this district, do not go awry.
According to tentative arrange
ments, made public this morning. Mr.
Waller plans to have a series of lee
lures broadcast from local stations,
the lectures being by Washington
bankers of acknowledged repute on
the subjects assigned them. These
addresses Will be supplemented by
publicity and lectures before civic,
traoe and business organizations in
the city.
The series is arranged in eight lee
lures, prepared by the national body,
each clarifying banking topics, which
are more or less vague in the minds
or the general public
Inc nrst Of the series will probably
take place within the next 10 days.
Local Bankers Vixit South.
X. E. Claughton, vice president of
the Washington Stock Exchange
leaVes tomorrow morning for a two
month soJourn in Florida cIimes He
sails from Baltimore to Jacksonville.
whence, by automobile, he will visit
successfully st. Petersburg, Orlando.
Miami and Tampa
Florida Is proving a mecca for
washington fnanciers. W. P. Lips
comb, vice president Of the District
national Bank, with Mrs. Lipscomb,
is wintering in Jacksonville and Or
Iando' while Mr.. and Mrs. George o.
watson are also taking advantage OF
the states popular resorts
Trading on Local Board.
Recent market favorites were
neglected In a strong market on the
F" ashlngton Stock Exchange this
| morning. Riggs National Bank stock.
which has assumed market leadership
this week, was inactive, easing off in
DlQ ana asked prices to 325 and 327
respectively. 1t would appear that
the excellent statement submitted at
the regular call of the controller of
the currency entirely warrants the
present level Railway common also
was inactive, the bid and asked spread
being lessened to a quarter point
1O0A and 101 Is respectively.
Capital Traction stock was un-
changed on sales of 20 shares at 90,
| while National Mortgage and Invest
| ment, preferred, equalled its highest
level, 912, on sales of so shares. Pre-
viously total of $50 shares changed
hands at S$. Ten shares OF Conti-
mental Trust Company sold at Sc
ket Capital Traction SIS sold upward
to 9SA on sales of $4,000, while c.
& p. Telephone SIS brought 99H
Southern Railway increases Net.
The Southern Railway increased its
| net operating income in 1924 to
$50, ,719, compared with S2S,12S,136
| in 1928. despite a drop in gross reve-
nues of nearly SS,000,O00 to SI42,4S6,-
| 1l9. December gross showed a slight
gain over December, 1923, and net
| operating income increased about
S490,000 to s3,404,749. Because of
year-end accounting adjustments, 1t
is not yet possible to determine the
roads net income for the year.
Railroad Earnings Grow,
Net operating income of the first
4S class 1 railroads to report Decem-
Der earnings approximated s5S.49O. 900
| in comparison with $4S,723,00O in
December, 1928, an increase Of 20
per cent. Gross revenues increased
81 per cent to S33s,s33,O0o, against
$329,654, 900.