Evening star., 1926-05-29
BANK CLEAR|NGS
UP DURING WEEK
Fains. Smaller Southern
Dairies' Earnings-Prices
of Local Securities.
BY EDWARD G. STONE.

The volume Of bank clearings con-
nles to exceed that Of a year ago,
houEh the margin Of increase this
eek is smaller than was the case last
eek. Leading cities Of the United
iates report a total of $S.421 .s93.0 900
Dun's Review this week, which Is
per cent more than the amount for
be corresponding week Of 1925,
hereas the gain last week was "a
|er cent.
with clearings of $s.s22. .ss3, GOO. the
enters outside of New York show a
ain Of Al per cent, while the New
crk City hgures--$s. .099 200. .o00--dis-
lose q decrease of 1,2 per cent
Increases predominated at the cities
tcluded in the statement. the largest
AIMS being at Boston. Louisville. Dal
o, Detroit. Los Angeles, Seattle and
ortland. Greg. For May to date. aver
ge daily bank clearings are o.s per
snt in excess Of the average for
rnilar period Of last wear.
Average daily bank clearings for
tay to date. for the preceding month
nd the hrst quarter this year are
on1pared below with last year.
:s.,,:; 's.:sI :s@ @ $$$ lEssSs
Southern Diaries Sales Up.
Sales Of Southern Diaries. Inc. In
he four months ended April 80
yaled $o,94s.c coe. against $1.s75.s15
n the corresponding period Of last
ear, an increase Of approximately
q per cent.
The principal reason for this sharp
rturp In sales volume is the open
rE OF new plants in Miami and Palm
hnach. Fla. and the addition Of plants
!, Virginia and in Baltimore. Nd.
hich were acquired last December.
cuthern Diaries has been doing busi-
.ss in Palm Beach and Miami only
irce the first Of this year. and the
.w Miami plant did not start opera.
ions until April. The full benefit
rom these Florida units will be felt
! ext Winter, when ice cream earnings
!, Northern cities begin to decline.
The company was built around
fha pin Sacks, Inc. as nucleus. and
{ow has 40 plants scattered through
/ W the Southern States. from Balu-
'nore down to Miami and as far west
Birmingham. Ala. Important plants
lsc are located In Richmond. Annapo-
3. Greenville. Knoxville, Savannah
nd Jacksonville.
Bankers Study City's Growth.
The claim of the Census Bureau
hat WASHINGTON will have a popula'
ION Of 52s, 900 by July | and become
ne Of the IA largest cities In the coun'
~ has aroused wide interest among
Rational Capital bankers. Their chlef
Interest In the announcement hinges
IN how many new hank accounts they
an get a. the city grows. II the city
really growing as rapidly as the
ensus Bureau believes. the bankers
! |hink the growth ought TO make a
narke ed difference in the speed with
Ehich new business is developed.
Inquiry among bank presidents
EhAws that the figures are generally
considered as too high They point TO
he police census taken not long ago,
which made the population 472.0o2.
(he figures being reached by house
|o.h house canvass The financial ex-
berts say that the police probably did
bot get a complete record. so that
heir figures are a. bit too low. The
main reason why the Census Bureau
cures are called too high is because
hey are based upon the ratio Of in
Erease between 1910 and 1920. This
beriod includes war times. when popu
alton growth was very abnormal.
Bankers and merchants are more
Interested In the city's population
han any other residents. In business
md banking circles the prevailing
opinion Is that the city now has just
bout 500, 900 people. The steady In
|resse in bank clearings indicates
business growth. but there In no way
If telling how much of the gain Is
ne 10 new residents.
Local Securities Prices.
Following are the bid and asked
brjces of local securities which are
hot listed under Washington Stock
Exchange rules. the quotations being
Eiven for the many holders Of these
ssues:
BONDS.