Evening star., 1932-06-30

According to the figures kept by the
manager of the Washington Clearing
House Association, Charles E. Bright,
total clearings. bv months, so far in
1882, compare as follows with the
corresponding months in 1881:
1882 1881.
January .. S92,e55, ,736 $1O9, ,764 6I4
February ..s 80, ,8O7544 69T42 ITS
March . 89,616,463 1l2,443159
April ......s 89654.233 .143-382, ,905
May ........ 80,493,495 102,346949
The gain of S4,956,l65 in clearings in
June over May will cause great interest
among merchants, bankers and other
br5iness men. not so much on account
Cf the size of the increase as the possi-
bll1ty OF the beginning OF an upswing.
c. g. p. Phone Earnings on.
Z Continuing the downward trend of re-
! cent months. net telephone operating
$reVenueS of the chesapeake & Potomac
sTelephone Co, for May again fell below
5those for the corresponding month of
1881. Net revenues for May this year
were S60,601 less than for the same
month last year, according to the report
of operations just fled with the Public
Utilities Commission of the District of
Columbia.
This drop is markedly greater than
that which occurred in April of this
year, when net revenues were approx
mately $4,000 less than for the same
month of 1881. A slight & crease is
also shown in net telephone ,Jerating
revenues for the first five months Of
the year as compared witt the same
period of 1881. S752, I'll compared with
$742, 100 a year ago.
IN tnfa1 toIorh0fan ffy,fy
revenues were S805 $50. Total tele-
phone operating expenses were S597, ,926
making the net for the month $685.
G64 Total operating income and total
gross income in May of this year were
both about 80 per cent less than in
the same month of last year. In May
of this year the balance before divi-
dends after deducting taxes, uncol-
1ectible, interest, rents and other items
amounted to S123.268, about 10 per
cent below the balance of S151 ,595 in
MAY of last year.
washington was served by 49,, ,306
telephones at the close of business
on Nav 81 this year, as compared
with I72.474 at the same time last
year. During the month there was
a slight decrease in the number OF
telephones. the number at the end of
the month being 18 less than at the
beginning. The telephone company
handled 20.563,oO0 calls during the
month. as compared with 1895, 900 in
May, 1881 In the first five months
of 1882 approximately 6,500.o00 more
calls were handled than during the
same period in 1881.
wilkins and other Dividends.
The board of directors of the John
II wilkins Co, coffee merchants. have
declared the regular semi-annual d1vi-
dsnd of 4 per cent on the outstanding
preferred stock and dividend Of s1.50
per share on the outstanding no-par
common stock. Both dividends pay
able July IL.
Directors of American Ice Co. have
declared the regular quarterly dividend
of so cents a share on the common
stock, payable July Is to stockholders
OF record July 8.
Directors of McCrorv Stores Corpora
ton have declared the regular quar-
terly dividend of S1.50 per share on
the preferred stock, payable August l
to stockholders Of record July 20.
Local Market Active Today.
Trading on the washington Stock
Exchange today opened with $1,000
Railway e. Electric IS selling at 1894.
Washington Gas 6s. series A. came out
3at 935k on a $500 turnover Two 81 900
sales in. Anacostia g. Potomac 5s were
recorded at 40.
In the stock division, Washington
Railway g. Electric preferred opened at
T715, then recorded three 10-share sales
at rs and closed with 80 more shares
selling at 781k. Washington Railway &
Electric preferred came out on the
board in one small sale at 1872.
The National Bank of Washington
has been added to the ex~dividend list
following its recent dividend declara-
ton. The dividend on Woodward &
paid yesterday.
Marbury Heads Fiduciaries Group.
At the meeting OF the Executive
Committee of the fiduciary section OF
the District Bankers Association yester-
day Leonard Marbury, assistant trust
officer. Washington Loan q Trust Co,
was elected chairman for the present
administrative year. T. Stanley Hol-
land, assistant trust officer, American
Security e. Trust Co, was made vice
chairman and Sidney F. Taliaferro,
vice president and trust officer, Riggs
National Bank secretary. Announce
ment is expected shortly Of the appoint
ments of committee memberships.
Other Local Financial Notes.
John D. Mothershed. manager Of the
washington office of Fenner, Beane 81
.Ungerleider, announce that the New
York Stock Exchange House has made
important additions to its European
service. in order to keep in closer touch
with foreign security and commodity
s1narkets. The Paris Office has been
<nuch enlarged and two centrally located
offices have been opened in London.
Frank Rosenberg g Co, one Of the
oldest brokerage houses in Maryland,
having been established in 1874, diScon-
Finued business as Of June 25. All the
imembers of that firm and several of
aheir staff have become associated with
Aiackubin, Goodrich & Co, Baltimore.
The latter company maintains local
office in the lobby Of the Woodward
Building
The local representatives Of the Home
life Insurance Company of New York,
smder the management of H r, Bryar-
sly & Bro, will hold an agents confer
nence at the Washington Hotel Friday,
SBt 1890 pm The conference viii be
aaddressed by DR.. Andrew Browne Evans.
"a local medical examiner for the COM
tpany. His topic will be The Medical
ssSide of Life Underwriting.
The week ending June % marked
mise of Al per cent in number of fail
lures reported to Bradstreet's The in
screase in number was. accompanied by
IA gain of over 100 per cent in lisbili-
HieS involved, says BradStreet's. This
WAS largely due TO a spreading Of bank
suspensions, principally in the Chicago
area during the week.