Evening star., 1933-06-30
GAIN IN D. c. BANK
CLEAR|NGS NOTED
June Total Is $16,034,458
Above the Figures
for May.
BY EDWARD c. STONE.

local bank clearmgS was noted To-Day
when the Washington Clearing House
Association announced the figures for
June a gain of s16,O34,45S.s3 over May
being reported.
June clearings totaled $56, ,487 ,657 80,
according to the records kept by Man
ager Charles E. Bright, compared with
$40,453, ,19840 in the previous month.
As May clearings were better than in
April and the April report was ahead
Of March, a definite upward trend in
bank clearings in the Capital seems to
have developed.
The progress in bank clearings also
indicates that business in Washington
is steadily improving in spite of the
fact that good deal of money Is still
tied up in the banks that are not
operating on full schedules. Recent
figures on department store sales also
bear out this statement
Bank clearings still have long way
to go to catch up with last year. Total
clearings for the first six months Of
S518,377, ,123 98. Bank clearingS in June,
1882, amounted to S85, ,449, ,660.70
Today's report showing improvement
here is in line with recent weekly re-
ports from many of the larger cities in
the United States. For the week ended
June % reports for the whole country
showed a gain of over 26 per cent COM
pared with last year. The monthly re-
ports from many other cities will also
be favorable, to total Cancelled checks
rejecting real business progress, the
same as they do in Washington.
C. & P. Telephone Earnings on.
Total net earnings of the Chesa-
peake & Potomac Telephone Co. in
May amounted to $149,3 1895, against
$123267 in May, 1882, according to the
monthly financial statement filed to-
day with the Public Utilities Com
mission
Operating revenues for the month
were S770,872, as compared with $780,
1913 in the same month a year ago;
operating expenses were 1884. .6l0.
S192,95O in May. 1882. After taxes
net operating income was $175,199,
against S135,720
During May there were 20080, 900
telephone calls made in Washington
about 100000 fewer than in May, 1882.
At the same time there were 6,272 fewer
telephones in use, 176,034 being In ser
vice at the end of the month.
Fer the first five months of the
present year the C. & P. company
reported operating revenues of $3,807,-
penses required 50, 2,700 1923, as compared
with s2,919,392, leaving net operating
income after taxes of S813,731, COM
pared with 1924 $50 year ago.
Interest deductions called for $751;
129. against s97,810 in the first five
months of 1882, leaving a balance be-
fore dividends of S685, 1881, in COMPARE
son with s752,770 in the like period
of 1882
In the five months $4,000 calls
were made by washington phone users,
against 99,934,0oO up to June /, 1882.
Washington Gas Net Holds Up.
Operating revenues of the Washing
ton Gas Light Co. amounted to s4s6,-
9S8. against S522.638 in May, 1882, or
decrease of s36,550, according to the
monthly statement filed with the Pub
lie Utilities Commission today.
Operating expenses, including taxes
and uncollectable bills totaled 1922. .372,
in comparison with $349,334 in May,
1892. leaving a net operating income
of S16S,716, against s173,304 last year.
cooperating income decreased from
S6,444 to S5,444 this year, leaving a
gross corporate income in May of $780,
same month last year. After interest
deductions the gas company reported
total net income for the month, before
dividends. of s99,896. compared with
$101,826 in May, 1882, a decrease of
$3.50.
The gas company also reported earn
ings for the five months of the present
year showing operating revenues of ST.
726,504, against S2823,470 a year ago.
Operating expenses. taxes and unccl-
lectable bills amounted to s1,745,765
compared with S1,775,560 last year,
leaving an operating income of $780,
739, against 81 ,047 ,910 in 1882.
Incorporating income declined $27,-
496, resulting in a gross corporate in
ccme of S981 ,567, compared with ST.
076,234 for last year. After interest
deductions the net income totaled
S56l,7 against $726966 for the same
period last year, or a decrease Of
S165, ,199.
Georgetown Gas Report.
Operating revenues of the George
town Gas Light Co. amounted to
901,fOO dSdAllSt QUILTED NAdy AdSI
year. or a decrease of $1,000 accord
ing to the monthly statement filed with
the Public Utilities Commission today
Operating expenses including taxes
and uncollectible bills totaled $92,089
in comparison with S86,519 in May,
1882, leaving net operating income
of S2,379 against $14,979 for the pre-
vious year.
Incorporating income increased from
$1,445 to S1,553 this year, leaving a
gross corporate income in May, 1888,
of SO ,932 compared with s16,424 in the
same month last year. After interest
deductions, the gas company reported
a net loss for the month of $1,113
against net income OF $11 ,902 in
May. 1882, a decrease Of $13,015.
The gas company also reported earn
ings for the five months of the present
year showing operating revenues OF
s599715 against s599,341 a year ago.
Operating expenses, taxes and un-
collectible bills amounted to $567 1853
against $500, 1884 last. year, leaving an
operating income of $32, ,347 compared
with S96,407 in 1882.
incorporating income amounted to
$8,528, an increase of $766, resulting
in gross corporate income OF $40,8
in comparison with s1C4,169 for last
year After deducting interest charges
the net income totaled S18,327 against
$81 .496 for the same period last year,
or a decrease of $63,169.
Laudick Becomes Broker Partner.
Fenner, Beane g. Ungerlieder. men,
bers of the New York Stock Exchange,
announce that Louis w. .Laudick,. for
many years prominent figure in local
business circles, has been made part
ner in the firm.
Mr.. Laudick will be resident partner,
with headquarters in the firms ONCE IN
the Southern Buildings. John D:
Mcthershed will continue as manager OF
the local Office, and Richard p. Davis
as assistant manager.
Mr. Laudick was with the Buick
Motor Car Co. as district manager for
18 years in the Virginia, West Virginia