Evening star., 1926-08-31
Total %. S922 0.OS4.3S $3.50 $3.50
Press Club Contracts Awarded.

Press Club Contracts Awarded.
| Frank r. Dunlap of the George y.
| Fuller Co, made known today the
| award of four sub-contracts for the
| National Press Building. being erect
| ed here by the Fuller firm. The con
| tractors and the materials they VIII
| supply are: American Mosaic Co.
| Inc, Washington, tile. terrazzo floor
/ ing scagliola marble and art marble;
/ Forrest Thompson Co. Washington.
| finished hardware: York Manufactur-
| ing Co.. York. Pa. refrigeration. spray
pond and water cooling system: >. H.
| Pomroy Co., Inc. New York city. mol
| low metal window frames and cashes.
Local Market Very Quiet.
| Trading on the Washington stock
| Exchange was very quiet today. being
confined to four stock issues and one
| bond transaction.
| Potomac Electric Power preferred
| sold at 1O71a, Washington Gas Light
| recorded two sales at II, five shares
| of Riggs National Bank stock chang
| ed hands at 455 and Mergenthaler
| Linotype brought 106. The single bond
| transaction was in Washington Gas
! 6s when one baby bond was sold at
1924.
Gas Light Co. Reports.
I
| Washington Gas Light co. in July
dropping $50, ,9O9.79 to S94,234.95. when
| compared with revenues of S145, ,144.74
| in June net corporate income fell
| off to S19,91O.7S from S6S,S44.13 in
/ the preceding month. review of the
report of July operations filed with
the Public Utilities Commission
shows. Comparison with last year
| shows net operating revenue to have
| gained $37. $3.50, and the net cor
porate income of $19.910.7S for July
| this year compares with deficit of
S16,559 .23 in the corresponding month
| last year.
Net corporate income of the
Georgetown Gas Light Co. was
| S6OS26 in July, as against $5,50l.72 in
June, and a deficit of $3,244.64 in
| July last year.
The Georgetown Gas Light net Op
Grating revenue dropped from $10,S50
in June to S6,3S0.06 in July. but
| comDared with the corresponding
month last year gained S4,4S6.15. The
| drop in operating revenues of both
companies is merely seasonal.
Southern Gets Partial Permit.
w. T. Wilkinson, an Interstate
kCommerce Commission examiner, rec
commended in tentative report today
that the Southern Railway be permit
ted to abandon that portion of its old
main line extending from White Oak
| to Lima, Va, but that it be denied
authority to abandon that section
from Lima to Danville.
| Testimony was introduced to show
| that abandonment of the entire line
would depreciate land values, retard
| farming and operate somewhat as
hardship on the community served.
due to the increased haul to the new
main line in that section.
| The board of directors of the
| Chesapeake & Ohio Railway Co. calls
attention to the expiration, on Sep
| ten1ber / of the period for conversion
| of Chesapeake & Ohio per cent con
vertible 30-year secured gold bonds.
! due April l. 1916. The terms under
/ which these bonds were issued pro
| vide for conversion into common
stock up and until 80 days prior To
redemption date. The board of direc-
tors designated October l. next. a.
the date for redemption of all of
these bonds outstanding at a pre-
MUM of per cent. plus principal and
accrued interest After that date
interest will cease to accrue.
Personal and Other Notes.
G. J. Gockeler. vice president Of
the District National Bank and sec
retary of the Washington Stock En-
change has returned from his vaca
ton which he passed at Margate
City, y. j.
Eliot H. Thomson has returned Ia
his desk at the Washington Loan and
Trust Co. after his annual vacation
j. William Roberts. cashier of the
Central Savings Bank, who has been
spending his vacation with relatives
at Blue Ridge Summit, Pa, is back
at his desk
Charles Carroll Morgan. manager
of the bond department of John L.
Edwards & Co, is, passing part of
his vacation at Bass Rock. Mass. He
will return TO the city at the end o.
the week.
The Federal Reserve Boards week
ly condition statement of 697 report
ing member banks in leading cities
as of August 25 shows an increase
Of 81 ,0O0, 900 in loans and discounts
and a decrease of $5,000,000 in In
vestments. These changes were ac-
companied with decreases of S43 ,000,
900 in net demand deposits. S27 900
900 in Government deposits and
81, 900 900 in time deposits, and an in
crease of $19 100000 in borrowings
from Federal Reserve banks.
Despite usual seasonal Slackeninc.
sales at retail stores were per cent
higher during July than during the
same month last year, the Federal
Reserve Board announced yesterday.
Mail order houses showed a II per
cent increase.
The National City Co.. Bankers
Trust Co and Harris, Forbes & Co.
are offering S1,54S,0O0 City of Eliza
beth, N. j., Az per cent bonds due
70 10 I'm