Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-13
INSTITUTE SELECTS
! SPORT COMMITTEE
Robert A. SiSSon of Washing.
I ton Savings Bank Named
Head of Group.

man Of the Athletic Committee. Wash
ington Chapter, American Institute of
Banking, 1t was announced today by
Aubrey o. Dooley, president of the
chapter, who said that the tentative
plans already arranged by the commit
tee are the most diversified and extern
sive of any offered to the local bankers. y
Other members Of the committee are
as follows: John G. Christie, John r.
Fitzpatrick, August r. Terneak, Frank
c. Cook, Kenneth Davis. w. B, Hibbs d
Co., Second National Bank. Washington
Savings Bank, District National Bank
and Riggs National Bank.
Mr.. Sisson has been associated with
Washington Chapter for some time and
has a thorough knowledge of the ath-
letic requirements of the local banking
group. He is q high school graduate
and holds the standard certificate OF
the American Institute of Banking. He
has served as chairman OF the House
and Audit Committees ana as a MEM
Der of various other committees OF
Washington Chapter. He was mem
Der of the Board of Governors 1929-30,
treasurer 1930-3l and was reelected 20
the Board Of Governors in May OF TINS
wear. He has attended annual conven-
lions of the Institute at Tulsa, Okla.
Philadelphia and Pittsburgh.
The committee has planned tenta-
tive program which contemplateS a golf
match between Washington and Balti-
more chapters, the first half of which
will be played here the latter part Of
August and the last half Of the match
IN Baltimore in September. A tennis
tournament and 36-hole medal golf
~ v,1a t,xrT -
of the chapter in September. "A bowl
ing tournament and also basket ball
matches have been planned. The COM
inittee is arranging bowling matches
with Baltimore and Richmond chap
tiers, the first half to be bowled on local
alleys and the other half on the home
alleys Of the other teams.
Local Market Active.
The washington Stock Exchange was
active for midsummer today, with bonds
taking the lead in volume of trading.
washington Railway 81 Electric As went
again at SO. Georgetown Gas SIS sold
at 1O6, Washington Gas IS A at 1031s
to 1884, and Washington Gas 6s 3
went at 1071s American Security IL
Trust turned over four shares at 319,
the same as high yesterday. Riggs Ma
tional Bank sold 10 shares at $40. Sc
curity Savings a. Commercial Bank at
$50. Fifty shares Of National Mortgage
Mergenthaler sold at 1875. Washington
clearing house figures today: s4,0Si,-
516.64.
Commercial Credit Co.
The semi-annusl report of CONNER
eial Credit Co. of Baltimore and sub
salaries, maintaining local ONCE in
80 IN he
enteenth street, for the six months
ended June 80 shows net income Of
&I.01 per share on the common stock
after payment of all preferred stock
dividends. Net income applicable to
common compares with $1.10 for 1880.
corresponding period, md was sl,056.-
O6e, as compared to a net income OF
s1,l4l.256 for the corresponding period
of $780,
Gross receivables purchased amounted
to 1852, $685.. which was substan-
TALLY below the purchases of $202, 419,-
446 for the same period Of 1880. Re-
duced management expense as q re-
suit Of increased operating efficiency
and the control Of reposSessions and
past dues resulted in an earning from
domestic operations alone OF 81 .2S per
share on the average common stock
outstanding However, foreign unset
tied conditions and adjustments re-
suited in no income from capital in
vested in Kemsley, Millbourn 81 Co.,
Ltd, for foreign operations, which af-
fected consolidated net operating re-
suits as shown.
Shirt Sales Drop.
National Shirt Shops, Inc. which is
represented by several stores in the Ma
tional Capital. reports a decrease Of
1856 per cent Ia sales for July, 1881, as
compared to July, 1890. and a decrease
Of l1s9 per cent for the year to July
81, as compared 70 1880. The figures
show July decreasing from S345, 8e0.57
in 1880 to s2s5, In July this year
and sales for the year to July 81 de-
creasing from 81, $50. 497.i3 for 1880 TO
t2,0T7 1881 in 1881.
Peoples Drug Earnings.
Peoples Drug Stores are on the honor
list of Frazier, Jelke 81 Co, Of al COM
pantes which were found TO have earned
more in the first half of 1881 than in
the first half Of 1880, according to a
survey made public today, Peoples
Drug Stores were shown to have earned
$i.36 per share the FIRST half of 1891. as
against .i6 for the first half Of 1880.
American Ice and Childs Co, both
represented here also, were on the sur
vey list Of IS companies reporting bet
ter earnings in the second quarter than
in the first three months, although
their f1rst-haf results were below the
first half Of 1890 American Ice earned
per share in the second quarter Of this
year S0.9l, compared to a loss for
the first quarter of this year while IL
earned only Se62 during the first
half Of 1881, as compared with 81 09
for the first half of 1880 Chnds Co.
showed a gain from S0.31 per share
.Iw.-~0 F1~ Att 80. - 49,
year 70 $500 for the second quarter
although the first half of this year wss
only $l.2l, as compared to 81 SO for the
first half Of 1880
In spite Of unsatisfactory bushes,
conditions and the decrease Of more
than 4e per cent in industrial profits
in the first half OF 1881, the, survey
points out II is remarkable that Al
companies showed larger income thar
II the first six months Of 1890 Many
smaller corporations and few Of the
larger ones show better earnings fol
the second quarter than for the frs;
three months.
Standard Statistics figures that sec
ond quarter profits OF l67 companies
were q per cent larger than the first
quarter This compares with / per
cent Larger in the second quarter oi
1880 and 90 per cent larger in the Sec
ond quarter Of 1929. IN this survey
we are listing 10 companies which
earned more in the second quarter thaf
IN the preceding three months and 10,
companies Excluding Implications re
porting an improvement in net elthel
in the second quarter or IN the flrs
half.
Railroad net operating income n tfs'
first six months Of 1891 was approx
mately see per cent oslow the CORE
spending period Of 1890 and 57l5 Del
cent below the first half Of 1922, Puo'
lie utility earnings in dollars appear K
have been about 2 per cent higher, out
Ida ~ .rc.la t..eltI..lac. IL