Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-21

at 11134. while 20
shares of the sig
per cent preferred Y. Z, Booker,
sold at 108. Five
shares of Riggs National Bank stock
changed hands at 525, same as the last
sale. There was a 35-share turnover IN
Ianston Monotype at lis. Mergenthaler
opened at 1864 and closed at 1oI' De-
ing ex-dividend.
Five shares of Merchants Transfer q
Storage preferred came outs ex-dlVldeh0
at 100. In the bond division small
washington Gas bonds, series A, sold
at 1927 and 1929, and $1,000 Rail-
way q Electric 4 moved at 1864.
To the list of stocks quoted ex-idivde "a
have been added the Norfolk & Wash
irgton Steamboat Co, Commercial ma
tional and the United States Savings
Bank issues.
Booker Reviews Business.
"while business improvement during
the past week" says Y. z. Booker d
CO., has not been very tangible, the
commodity markets have firmed up, the
bond market has done well and there
has been a budget of favorable express
Sions from Washington and elsewhere
which has tended to dispel the latent
apprehension that all was not well WIN
the return to prosperity.
f''It still seems likely that the present
depression will not last much longer
than that of 1927, which began in the
late Spring and ended in the following
December Following is an approx
mate compilation. of the length OF for
1918, months; 1920, 10 months; 1923,
10 months; 1927, months Our cur
rent depression dates from about Oc-
tober and 1t seems likely that 1t Will
have run its. course before or ~
months have elapsed.
s'Those who have been impatient for
more rapid progress must remember
that economic trends cannot be unduly
hurried and that the effects OF serious
excuses in both real estate and stocks
require a little time to mend. In our
opinion excellent progress has been
made thus far and We believe 1T VIII
continue"
Commercial Dividend Voted.
At the last meeting of the board OF
directors of the Commercial National
Bank a quarterly dividend of 2h2 per-
cent was ordered paid on April to
shareholders of record March "a. TINS
means, according to announcement
from President Wade H. Cooper, that
the dividend of the Commercial Ma
tional Bank viii be on permanent 10
per cent basis, the dividend being paid
on a basis of 2ls per cent quarterly.
Railroad Reports Out Today.
The Chesapeake & Ohio Railroad Co.
for February reports gross revenues OF
S0.634.l79. compared with Sl0,381 ,684
in the 1929 month. The net operating
income of the company for the month
was S2,497,3 1888, against $3,104, $50 IN
the corresponding month of the prevt-
Gus year. For the first two months OF
1.-The current year gross revenues
amounted to $40, 496, 057, compared with
s21 ,O20,8S3 in the 1929 period. For the
two months the company had net OPP
Grating income Of $5,861, ITO. against
1886. 496 in the first two months Of
last year.
The gross revenues for February OF
the Seaboard Air Line Railway will be
approximately $4,920,000, decrease Of
about z per cent from the 1929 month
it was estimated yesterday. 1t IS ex-
pected that there will be decline also
in the net operating income OF the
road for February, but 1t Is bellevec
that the decrease viii be less tnan
per cent.
Bankers to Get Special Awards.
Forty-ejeht students Of Washington
Chapter. American Institute OF Bank
thg. will receive certificates Tor sue
ceSsful completion OF courses at tne
rnidyear open meeting OF the cnaptel
March 81, at Langley Junior Hgn
School
students to receive pre-standarc
certificates are Samuel Bennett, Pau
j. Bisset, Frank C. Cook, James DuI1y
Jeanette B. Frazier, Walter Raymond
FRY, F. Barry Gates, George P: Grau
jr.; Victor Heflin, Arnold D. hepn ni3
ger, Scott D. Morris. Mary M PieiI'
fer, Harold Kicker. Jack Eeily, HiSn ar
Holiday Sprigg, Charles Albert Stra'
horn, Charles Otis Tingley, Frank II
Those to be awarded standard GER
tificates are Joseph Buscher, James
II. Dodge, Arthur G. Hartman, II. tIee
Harper, Helen Pauline Hewson. Franz
II. Little, Fred A. Lohmeyer, Evelyn =
McGeary, Arthur E. Meade, Robert q
Morris. r. NJ Poole, Ernest w. Ravnh
u. w. Schreiner, Valentine w. r. smith
Blanche Wise.
Recipients of graduate certificate
in commercial banking are John r
Colbert, william P. Keith. william la.1
II. Laughlin. Carl w. Thompson, vii
liam q. Winstead, j. Fred English
Charles B. Hagsn; in investment an.
banking, Anne Preston Crawford, !
Fred English. William p. Keith; Il
trust banking, John M. Casten, Jr.
Increase I'm U. S. Revenues.
Internal revenue receipts for the frs
eight months of the present fiscal yea
totaled 81 ,675 ,007, 483. gain of $3.50,
O0O, 900 over the same period last veal
The bulk of this increase was in tn
income tax collections reported up t
February %, the gains being chiefly Il
individual and partnership returns
these exceeding $141 900 600 over yea
ago. The total corporation tax paid 10
the period was $666,057,058.
Tobacco taxes also showed a con
siderable gain, totaling 1923, 1888 ,594. c
which cigarettes accounted for NOR
than $237 600. 900. Cigarettes alone ha
a gain OF more than $16,500,000 bu
cigars and chewing tobacco Shove
losses OF more than $797,0
Heard in Financial District.
Eugene e. Thompson, head OF Cram
Paris 81 Co., has returned to his oftic
after an attack of grip.
John Poole, president of the Fedora
American National Bank, has been bac
at his desk several days after tri
to New York and Atlantic City.
w w. Spaid of W. r. Hibbs 81 c.
is in New York to attend meeting {
the out-of-town section of New YoI
SotOCh EACtlduBe iIuiS WIllClI ilC AACAPc
TO organize. and of which he is viz
president.
Frank Owings, former cashier of tt
Bank of Commerce & Savings, III
taken an Office in the same building
which the bank is located. He is d.
voting his time to personal business.
Big New York corporations are n
ported TO be placing their surplus funC
in the savings bank in order to q
Az per cent while call money is SO loN