Evening star., 1932-01-07

West, Buckley ana
Schick
The annual report of the president
shows that the corporation is paying
its usual rate of dividend on the pre-
ferred stock and its general business
was about the same as that Of 1880.
The Capital Garage activities, however.
revealed a gain in business Of more
than $50 900.
The corporations real estate account
exhibited q slight increase in invest
ment over 1880, although it disposed Of
IL more parcels of land than 1t took In
by foreclosure, and practically all Of its
real estate is producing some income.
The amount of income the corporation
derived from real estate in 1881 was II
per cent greater than that in 1880.
The corporations apartment build
ings, which number more than 23O,
reflected a percentage Of vacancy OF
2.5, as compared with statistics for the
city prepared by the Washington Real
Estate Board, presenting a percentage
OF vacancy of 7.8.
The company's preferred stock is
listed on the washington Stock EX-
change, the last sale being recorded
at 3&.
Bankers TO Honor Rudolph.
Acting President of the District
Bankers Association c. H Pope has
appointed a committee of Washington
bankers to attend the funeral of Cuno
H Rudolph. The list appears else
where in today's Star and includes the
presidents of all the banks in the city.
Mr.. Rudolph was a member of the Dis
trict Bankers Association while presl-
dent of the Second National Bank. He
was also connected with the National
Metropolitan at one time and was very
highly regarded by the banking fra
ternity.
Riggs Loses Valuable Director.
Directors of the Riggs National Bank
were greatly shocked to learn Of the
sudden death, late yesterday, of Louis
z. Jeffries. sr., who had been most
valued member of the board for many
years. At the time of his death he was
vice president and general counsel OF
the Southern Railway. His son, Louis
E. Jeffries, jr., is assistant manager of
Riggs Nationals Dupont Circle branch
Capital Traction Stock Active.
Capital Traction was unusually active
on the Washington Stock Exchange to-
day, although trading was confined to
small lots. The stock closed higher
than it opened
The first sale was IS shares at Is.
Later in the session there were 10 10
share lots sales, all made at 1874.
Bond trading was confined to Wash
ington Gas Light 6s, series A, the days
first sale was in this issue, 81 900 selling
at par Later three more 81 900 trans
actions were recorded at the same price.
Chain Stores Make Reports.
Sales of S. S. Kresge Co. for Decem-
Der were announced today at S22 l73 Ala
against 1882 ,045 in December, 1890,
a decline of rs per cent. Sales for
the IL months totaled $l45, 785 ,474, COM
pared with $50 353 703 in the like 1880
period, a decrease of 3 per cent. The
company now has I'll stores in opera
ton.
Sales of G. c. Murphy & Co. in De-
cember totaled $2,961 1923, against So
170,346 a year ago, decrease of 6.5
per cent Sales for the II months
amounted to S19,18l ,558, compared with
Sl7,498,022, an increase of SO per cent
for the year.
McCrory Stores Corporation sales for
December totaled $6.879,476, against
$6,782,856 in December, 1880, a gain
of IA per cent. Sales for the full year
totaled SAB 293 ,O68 compared with $43,-
223,53I, an increase Of OF per cent.
n. & w. Hearing Date Again Set.
A fight backed by months of prepara-
ton will be opened before the Interstate
Commerce Commission February IS by
the Norfolk g. Western Railway against
the Governments attempt to recapture
$40.000.000 from its annual earnings
since 1924
Set and reset the recapture case was
screduled early last month for January
5. On the request Of the carrier, it was
postponed again until the February
date.
S. King FunkhouSer, valuation cOun-
sci Of the railroad, said there would be
no request from his quarter for further
delay Railroad technical experts and
accountants now are anslyztng the data
on which the commission determined
the amount of the carriers recapturable
income.
Heard in Financial District.
The United States Treasury offers for
sale $50 900 600 Of 81 day bills, on which
tenders will be received up to 2 pm.
January II. Bills will be dated January
13 and will mature April l3. Proceeds
will go to retirement Of $4,000 900 bills.
Waldo Newcomer, chairman Of the
Executive Committee Of the Baltimore
Trust Co., has rendered his resignation,
effective January y. He will remain
a member of the Executive Committee
and board of directors.
c. H. Gockeler, vice president Of the
District National Bank and Of the
Washington Stock Exchange, is back at
his desk after being confined to his
home with a severe cold
Plans are nearly completed for the
open meeting Of the District Bankers
Association to be held at the Willard
on the evening Of January l8. The
committee is securing an excellent
speaker.