Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-12
STORES IN DISTRICT
SHOW SMALL Loss
4 Per Cent Decrease Noted
In Sales for Richmond Fed
eraI Reserve Area.


pared to June of this year and as com.
pared to July of last year. the stores
in the Richmond Federal Reserve dis.
trict including this city, showed thu
least decrease OF any district in the
country, per cent drop from july
of last year.
The sales for the country during
July, according to preliminary figures
of the Federal Reserve Board, were
per cent smaller than July, 1880.
The Richmond district showed q de-
crease of only per cent for the first
seven months period this year, con-
trasted to the, 3 per cent for the counr
try as compared to the similar 1885
period. The Federal Reserve Boards
index. which makes allowance both for
number of business days and for usual
seasonal changes. was 80 in July, ON
the basis of the l923-1925 average as
100, compared with 80 IN June ana ~
in May.
slump Here Small.
Another business resume, conducted
by the Bureau Of Business Conditions
of the Alexander Hamilton Institute,
shows Washington, d. c., reporting
poor business conditions but with a
decrease in general trade volume as
compared to year ago of only IL per
cent, which is smaller than the decrease
recorded for any city in the South At
lantic region. The business condition"
of this city was reported poor" but
the trend was said to be up"
Baltimore, Md, reported poor" with
the trend up" but Baltimore showed
a decrease in trade volume under year
ago of IL per cent with trend up. =
Richmond, Va was listed as poor
with the trend up, and a decrease in
trade volume of 81 under year ago.
Generally speaking throughout the
country the survey shows good condi-
lions were reported by only l.5 per
cent of the 200 cities and poor condi-
lions by 98.5 per cent, the same as a
month ago. The trend of business, how
ever, continues to improve, the survey
said. OF the 200 cities, 81 per cent
indicate an upward trend as against
365 per cent last month and 44.4 per
cent in the same month in 1880.
Maryland and Virginia.
The resumes for the States of Mary
land and Virginia were as follows:
Maryland: Factory employment and
nav rolls in June were reduced 81 per
cent and 39 per cent respectively from
May. The textile industry was season.
ally curtailed in June. However, slight
increases were registered in the cot
ton mills and hosiery and knit-goods
factories In June and May. The steel
mills lowered their forces 81 per cent
in June Favorable weather for the
crops resulted in an increase in farm
ing activity. The estimated 1881 VIM
ter wheat yield on July ! was 8,l5S,-
900 bushels, a decrease Of 26.4 per cent
from 1890 The tobacco crop is more
favorable than year ago.
Virginia: The trend of manufacture
Ing in June showed little change from
he
tories reported slight improvement in
June. The coal output in July suffered
q decrease from June. There is general
unrest in the coal-mining districts due
to wage slashes Crop conditions are
generally favorable. The tobacco crop
in 1881. is estimated at 1921 900
pounds a gain Of 1859 900 pounds or
20 per cent over 1880. The potato yield
will total 1928 900 bushels as against
crop is promising.
Food Store Sales on.
American Stores CO., which operates
43 food stores in the National Capital,
reports sales for the month of July of
$I1,825, 1853, as compared with sales of
Sf2, ,482 for the like month ending
August 2, 1880. This is a decrease Of
1858, 719, or Ash per cent
Sales for the seven months totaled
Se1 1854 as compared with sales OF
$50, 1922 ,97S for the corresponding period
In 1880, a decrease of S2,606,9l4 or
$40 per cent
Greyhound Lines.
In view Of the difhculties which many
transportation companies, particularly
the rails, are having these depression
days much interest attaches 10 the
favorable report OF the Greyhound Cor
81
filiated bus companies constitute a ma
tional system Of Greyhound Lines OPP
Grating locally out of the National Cap
ttal, at 1885 New York avenue
Figures for the first six months of
this year and the first six months of
last year of the companies operated
by the Greyhound Management Co,
which represent more than so per
cent Of the total mileage Of the sys-
TEN, shows that in the first half OF
1881 they earned net income Of S735,-
83s.o2 after deducting depreciation, in
tereSt and taxes, as compared with a
deficit Of S248, 1896 in the first half
of 1880, an Improvement in net results
amounting to S984 .337SS. The indi-
vicual companies represented by these
figures include Eastern Greyhound
Lines, Inc, and subsidiaries. Pennsyl-
vania Greyhound Lines, Inc, and sub
salaries, and the disappearing sub
salaries Of the Greyhound Corporation
Contrary 10 the experience Of most
transportation systems, the Greyhound
lines in the Eastern territory showed
an increase in revenues as compared
with last year. Operating revenues for
the first SIX months of 1881 were S.
14el21. 81 as against $3.50 ,92s 40 for
the same period in 1890. an increase
Of 81 per cent. The gain in revenue
was obtained in spite Of reduction in
bus miles
Makes 1s-Point Gain.
Trading was a bit brisker on the
Washington Stock Exchange today witt
utilities and financial institution securi'
ties featured almost exclusively. Wash
ington Gas SIS 3 sold at l04@4 TO l06 n
while the 6s A of the same company
went at 1903 Potomac Electric 5izs pre-
ferred stock sold at 1lli2 10 lll8
Capital Traction IS changed hands al
$3.50
District National Bank turned over
ut 200, Real Estate Mortgage preferred
at So, National Mortgage and Invest
ment preferred at 434 American Sc
curity & Trust showed sharp gain or
the flrst sale Of 10 shares at 3le, a.
compared 10 prior sale OF 800. Th'
same stock sold in a second transaction
OF four shares at 3l4.
Washington clearing house figures 70
day: s3.735 ,83l.23
Commercial Credit Co.
From Baltimore the semi-annual re
port OF Commercial Credit Co. an'
subsidiaries for the six months endin
June 80. 1891, shows net income o
SI.0l per share on the common stock
after payment Of all preferred stool
dividends Net income applicable K
common compares with sl.l0 for 1880
corresponding period. and was Sl,0S6,'
069, as compared to a net income o,
sl.I4l .256 for the corresponding perioc
~ ION