Evening star., 1933-02-17

069 UUU as COITpdItu Will PS1,1'o'ooo,
but down only 10 per cent from the
like period in 1882. Lower clearings
also prevailed in Norfolk. To the
south Of the fifth FEEDER Reserve dis
trict. Atlanta experienc a falling of
of over 100000 during the week.
The figures are not IS bad as they
lock. Bradstreets Weekly notes that
the week ending February Is, 1888, con-
tanned no midmonthly payments. The
week ending February 18 last year did.
That makes the weekly comparisons
mean less than they usually do.
Furthermore, the cold weather had
lot to do in slowing up trade. 1t helped
the sale CT heavy clothing and speeded
up coal shipments, but business in many
lines was retarded. New York, Boston,
Chicago, Philadelphia, Pittsburgh and
Cleveland were all in the same boat,
their clearings being proportionately
lower.
Over 500 Banquet Reservations.
Chairman I. j. Roberts of the Seat
ing Committee arranging for the
twenty ninth annual banquet of Wash
ington Chapter, American Institute OF
Banking, which takes place at the Will
lard Hotel tomorrow night, beginning at
$780, held the first meeting with the
other committee members last night
and started the task of assigning lndi-
vidual places for the dinner. 1t was
reported to the committee by General
Chairman James A. Soper that well
over 500 reservations have been re-
ceived. Mr.. Soper also expressed gratif1-
cation over the splendid support ac-
Ncorded by local bankers. The guest list
VIII contain the names of many leaders
In finance and Government.
The members of the Banquet Com
mittee are: James A. Soper, Lincoln
National, general chairman; Aubrey o.
Dooley, Federal-American National Bank
& Trust Co., vice chairman; T. Hunton
Leith, Security Savings g. Commercial,
vice chairman; Gertrude c. Wick, Lib
Geary, w. B. Hibbs & Co., treasurer.
The subcommittee chairmen include
Rose L. Royce, Washington Loan &
Trust Co., dance; S. Winifred Burwell,
National Metropolitan, decorations;
Robert H. Lacey, Columbia National,
dinner; Frank M. Perley, American Sc
curity & Trust Co., entertainment;
Robert E. Lee, Lincoln National, invi-
tations; Walton l.. Sanderson, Federal
American, publicity; I. j. Roberts, Riggs
National, seating.
OtllCl 1ilCniUClc Va tAlC NIChCA al Will
mittee are william A. Cady, Anne P.
Crawford, A. E. HenZe, Catherine Nc
Calmont, Stuart S. Ogilvie Robert M.
Poole, Mabel v. Royce, Paul j. Seltzer,
Raymond L. Weber, Alice H. Whitton
and Robert G. Whitton.
Street Car Merger Pictured.
Facts and Figures ON Washington Sc
curities, just published by Y E. Booker
& Co., makes some interesting refer
ences to the status of the street railway
merger proposal. The provisions of the
bill, passed by Congress and signed by
President Hoover, are summed up and
note the fact that the merger agree
ment must be approved by the stock
holders of both companies, and that
the capital shall not be larger than the
total capital of the Washington Rail-
way g. Electric Co., and the Capital
Traction Co. and Washington Rapid
Transit Co., at present. At another
place in the summary, the resume says:
"The Potomac Electric Power Co.,
which Is now owned by the Washington
Railway & Electric Co., will not be in
cluded in the merger, nor will the pres
ent common and preferred stocks of the
Washington Railway & Electric Co. be
subject to exchange for securities Of the
new railway company stocks. The
Washington Railway & Electric Co.,
which now owns the entire common
stock of the Potomac Electric Power Co.,
and owns separately its street railways
physical properties, will simply sell its
street railway properties to the new
company and receive in exchange stock
Of the new company.
This will leave the Washington Rail-
way & Electric Co. with identically the
same stock capitalization which it now
has, the only change being that its
street railway properties will be rep
resented by the ownership of stock in
the new company.
mo details of the basis of exchange
of stocks between the various companies
nave yet been made public
Call Carl Officers Elected.
Stockholders of Call Carl, Inc, held
their annual meeting yesterday and
reelected all directors, as follows:
Herman F. Carl, Edmund o. Carl, Louis
G: Carl. Frederick Carl, George E.
Keneipp, Chaplin B. Bauman, Joseph
A. Burkart, James E. Smith and Eliot
H. Thomson
At the organization meeting of the
directorate all the following officers
were reelected: Herman F. Carl, pres
ident; Edmund O. Carl, vice president;
Louis Carl secretary; Frederick Carl,
treasurer; George E. Keneipp, general
manager; Chaplin B. Bauman, attorney
Joseph A. Burkart, counsel A gratify-
ing business year, despite general con-
oitions, was reported.
Today's d. c. Exchange Trading.
Washington Railway e. Electric pre-
ferred stock opened trading on the
Washington Stock Exchange today, two
shares selling, eX-dividend, at 86 Po-
tomac Electric Power 5lA per cent pre-
ferred stock figured in small sale at
106&, ex-divdend. In the bond division,
$500 Washington Gas Light SIS, 1860,
came out at LOG. There were no sales
in the new Washington Gas Light SIS
but wider spread in bid and asked
prices is now recorded. The bonds
closed today with 90 bid and "a asked.
Members of the District Bankers
Association held their usual weekly
luncheon yesterday. The attendance
was larger than usual. Various bank
ing matters discussed after the luncheon
also proved unusually interesting.
The Western Union Telegraph Co.
today reported its gross revenues for
1882 were $84,58l.963 compared with
$l10,547,24 for 1881. Net income was
SofE,oco 1OI 1904 COtIipdI6 ca WlLll &c.
4,500 for 1881.
Engineers Public Service Co. has de-
clared the regular quarterly dividends
of si25 on the SIS convertible preferred
$1.371a on the $3.50 cumulative pre-
ferred and $1.50 on the SIS cumulative
preferred stocks, all payable April
to stock of record March l6.
Approximately 80 per cent of $2.500,-
600 900 deposited in ECO reporting mem.
Der banks in the saven Far Western
States of the Twelfth Federal Reserv,
District, is held in tac account of ont