Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-10
April figures preliminary.

"Aprll nRures preliminary.
The Reserve Boards compilation
shows that the Richmond district stood
with New York at the top of the IL dis
tricts for increase in trade in April.
Next in order of increases came Boston,
Cleveland and st. Louis.
But when April is combined with
March IL of the districts reveal losses
in sales, compared with the similar
period q year ago. San Francisco re-
ported Just the same slaes volume as
last year. Richmond is down with the
rest, but with a smaller decrease than
the other areas with the exception Of
Boston.
The report for the first four months
presents particularly interesting pic
ture of business conditions. Only Bos-
ton and New York made gains. Rich
mond, however, was of but l per cent
for the four months. Chicagos sales
were of the most, and Atlanta's next.
Bank Clearings OF 81 Per Cent.
Rank clearings In 1875 cities reporting
to Bradstreet's in April totaled $51 ,005.-
1000, a decrease of g. per cent from the
like month year ago, this comparing
with q drop of IT. per cent in March,
of 22.4 per cent In February and of 22.2
per cent in January, from corresponding
months Of 1929.
AT Tile tZC CLUES UuCSluG NGW 1OTk,
April bank clearingS amounted to ST.
469, 228 900, O decrease of 10 per cent
from April year ago and the smallest
total for the month since 1924. All
groups of cities showed declines from
a year ago, the smallest drop being IL
per cent in the New England group.
The Southern group of cities, with q
decrease Of 9.5 per cent, showed its
heaviest drop for any month of the
t~tIn he @kf. =
smaller declines than during the first
quarter
For the four months ended with April
bank clearings at the full list of 12G
cities aggregated $195, 004, las, 900, COM
pared with S236,157. 355,00O in the like
period of the preceding year, o decrease
Of TIA per cent.
Harrison Calls Dividend Solid.
Fairfax Harrison, president of South
ern Railway Co., made the following
statement:
Because industry has been in an air.
pocket throughout the first quarter of
1880, and railroad revenues have In
consequence been seriously affected
stockholders of Southern Railway Co
have inquired whether 1t is the policy
OF the board to maintain established
dividend. The answer is emphatically
in the Affirmative.
THE board of the Southern regards
the present depression as temporary,
and will therefore do everything it law
fully and fairly may to maintain divi-
dends without interruption. An appro-
priation has been made for the full divi-
bends scheduled to be declared through
out the year 1890"
Cleaned in Financial District.
Washington bank clearings this week
totalled $29,273, 600 against $22, 667, 600
last week, but a decline of SIS per cent
in comparison with clearings for the
corresponding week 1929
Eugene E. Thompson, who Is men,
Der OF the board of governors of the
Investment Bankers Association OF
America, will attend the sixty-sixth
meeting Of the board, which opens al
fWhite Sulphur Springs, w. Va, tomor-
row and closes on the 18th.
II. Mortimer Barley has become as.
sociated with the sales department OF
James NJ. Jognston 81 Co, with Offices
IN the Shoreham Building.
George Q. Vass, general chairman re-
IGrts in the Bankers Bulletin, that
every detail in connection with the
coming Ashyille convention has already
been arranged. On arrival at the hoteI
guests can go to their rooms without
even bothering to register.
G. s. Mccain, president of Chase Ma
tional Bank, v. Everit Macy, jr., anc
Robert c. Ream, all of New York, have
been elected directors of Seaboard Ali
Line Railway. They replace T. w. Mat.
thews and r. P. Jones, resigned, and fl
the one existing vacancy
Measures looking to the reduction oil
the enormous burden imposed upor
productive enterprise In America
chiefly agriculture, by weeds are rec.
commended to the Federal Farm Boarc
in memorandum submitted by thu
agricultural service department com.
mittee of the United States Chamber
OF Commerce.