Evening star., 1932-12-24
c. & P. Figures for November.

calls totaled 2l0514O 900, against 2O0,-
262,cG0 a year ago. a gain so far this
Year Of $4,000 calls.
c. & P. Figures for November.
The Chesapeake g. Potomac earnings
report for November also has been filed
with the Utility Commission. Net tele-
phone operating revenues showed de-
crease of $50 627 compared with Novem-
i ber. 1881. Total operating income for
November was s171 .709, as compared
with S20O.079 for November, 1881 de-
crease Of s28,370.
Net telephone operating revenues for
! November we're S242, 1888. against $685.
80. Total gross income in November
was S172.733, against S205 COL in No.
vember. 1881. After all the other usual
deductions. the telephone company re-
ported balance before dividends of
: $l40,403. in comparison with Sl85,233
in the like month a year ago.
Telephone users during the month
made 19.144,OO0 telephone calls from
178 ,S43 phones in service, gain of
Ct $4,000 calls over the total for the
similar month of 1881. One of the most
important items in the report shows
that 337 more telephones were installed
during the month than were taken out.
This may prove to be the reversal of
trend which the American Telephone
&, Telegraph Co. has reported as exist
ing all over the country It will be re-
called that the October c. & P report
indicated that the number of tele-
phones being installed was proportion
ately better than reported elsewhere.
D. C. Bank Clearings Steady.
I Bank clearings in Washington for the
. week ended December 81 totaled s16,-
744000. compared with S16,796, 900 in
the week ended December a. and 255
, Per cent below the record for the CORE
spending week year ago. according to
the figures kept by the Washington
Clearing House Association.
This means that Christmas trade in
the National Capital just about held its
1!pace with the previous week, in spite
I" of the storm which hit Washington
!. such Wallop and kept so many shop
tperS at home for several days
Z Richmond was the star performer in
'ibank clearings in this territory during
fthe week. The Virginia capital re-
sported clearings as 04 per cent better
than last year. Philadelphia and New
ark. N. j.. being the only other cities
IN the whole country to make such a
fIeport. Richmond clearingS totaled
r,ore than s5l,01000O, against S2S,-
C300G0 in the previous week
Baltimore clearires amounted to
s52,8E5o0o. against s4S,13e 600 in the
rp-evious week and 1913 per cent behind
!1sst year. Norfolk reported clearings
below the previous week and the same
week year ago. as did Atlanta
: Bank clearings in Al leading cities
kcf the United States, as reported by
lBradstreet's Weekly. totaled s4909,-
t7l6,000 for the week ended December
.21, gain of 2O9 per cent over the
SrraPedinO hl1f q of
4iper cent from the week of De.cmber
"a 1881. Outside New York City the
increase over the previous week was
only 13 per cent and the drop from a
year ago was 304 per cent.
The weekly clearings index rose from
c53 to 44.8 per cent oe the 1e2e-3O
average This in5eX, after long hori-
Ecntal movement which began in June,
has shown a considerable disposition to
Srise during the past few weeks
i Changes Needed for Recovery.
Z There is no easy panacea that can
q cure world economic ills at one stroke
z states the United Business Service of
3 Boston. Economy In government Is
Il given as the most immediate need to
1relieve business enterprise of a smoth-
Eering burden.
: Banking reform, better control of
r. CTeQll, lowering OF CraQe DarrerS and
& equilibrium in commodity prices are of
4primary importance in laying a founda-
z ton for improvement. A sane adjust
s9ment of the foreign debts would remove
[ a thorny obstacle in the path of world
betterment.
The Service concludes that until these
achievements are realized business will
continue to be hampered
Cleaned in Financial District.
The board of directors of the Ma
t.cnal Capital Bank have declared a
per cent semi-annual dividend,
amounting to 81 a share on the stock
CT the bank. The dividend is payable
December 81, President H H. Mckee
announces.
William D. Hoover. president of the
National Savings & Trust Co., is spend
ing Christmas with his daughter and
grandchildren in Huntington, w. Va.
Edward L. Hillyer vice president of
the Union Trust Co.. left Washington
today for Today visit to Miami and
other places in Florida. H. Clifford
Bangs. president Of the Washington
Real Estate Board. accompanied him.
Secretary Mills announces that sub
scriptions to the sl0O,000,0OO Offering
OF Treasury bills. maturing March 29,
tCtaled over S319,000,0o0.