Evening star., 1933-01-20
DECREASE IN BANK
: CLEAR|NGS NOTED
SIight Loss for Week in Dis
! trict Laid to Seasonal
Factors.
BY EDWARD c. STONE.

Richmond made the best comparative
showing of any city in the fifth Federal
Reserve district Clearings in the Vir-
ginia capital totaled $27,742 600. against
the slightly higher figure of S28,037,O0
in the previous week, but only 1.3 per
cent behind the record of the CORE
spending week in 1882.
Baltimore cleared checks amounting
to $50, 900, against $53,237,O 900 and
172 per cent less than the like week
last year. Norfolk showed a slump,
clearings being S2343,000 in comparison
with So ,666,000. also s per cent below
the 1882 figures in the corresponding
week. Although outside of the fifth
district, Atlanta made the most inter-
esting record of any city in the South.
Clearings were lower than the previous
week, but rs per cent above the mark
q year ago.
For the country as whole, clearings
in At large cities were Il per cent ahead
of the previous week, according to
Bradstreet's, but % per cent off from
last year.
Credit Concern Elects Officers.
At a stockholders meeting of the
Credit g. Finance Inc, OF Washington
yesterday the following were elected
directors: Chester H. Warrington
James IN. WdiIltiS lOll, MY VAC ~ ""1
rington, Charles E. Hood, Frank P.
Morse. H A. L. Barker, Harry Friedman
and D. c. Barnhart.
The directors met Immediately, de-
clared the company's twenty first con-
secutive quarterly dividend and elected
the following officers: Chester II. war
rington. president; Myrtle D. Warning
ton, first vice presidents James N. War
rington, second vice president, and u. y.
Do w atar
At the annual meeting of the stock
holders of the Lincoln Service Corpora
ton, industrial bankers. the following
were elected to the board of directors:
Charles Delmar, D. w. Springer,
Francis ]. Crilley, William Jeffries
Chewing, jr.; Rowland c. Ringgold,
Frank B. Severance, William j. Byrne
and Harry j. Coils. John H. Verkou-
teren was appointed auditor and Wade
H. Ellis, general counsel for the ensuing
year.
The following officers were elected for
the ensuing year: Charles Delmar. presi-
dent; Francis J. Crilley, vice president;
Rowland c. Ringgold, vice president,
and William Jefferies Chewnings Jr.,
secretary and treasurer.
Bethesda Bank Names Officers.
Directors Of the Bank of Bethesda
have organized for the coming year by
re-electing the same officers as served
the bank during 1882. They include
George P. Sacks, president; DR.. Ben
jamin c. Perry, first vice president;
Brainard w. Parker second vice presi-
dent; S. Walter Bogley, cashier; W.
Paul Stallsmith, assistant cashier, and
Francis c. Wallace, secretary. At the
recent annual meeting the same board
Of directors was retained in office.
The board OF directors of the Home
Plate Glass Insurance Co. has organ
lied with the selection of the following
officers: Byron s. Adams, president;
George NJ. Emmerich, vice president;
William H. Somervell, secretary-treaS-
urer; William H Marbury, assistant Sec
retary-treasurer The financial report
showed an increase in the business OF
the company for the year. The COM
pany was incorporated in 1882.
American Stores Dividend Voted.
Directors Of American Stores Co. have
declared the regular quarterly dividend
Of SO cents per share, payable April l
to stockholders of record March 16.
Sales of American Stores Co. for the
four weeks ending December 81 totaled
s9,25o.463 against s9,6O2 682 in Decem-
Der CT the previous year, decrease OF
$352,219 or 36 per cent.
For the II months ended December
81, 1882, sales amounted to S115,453,5 ,529
in comparison with S135, ,226, ,406 in 1881,
a decrease of S19,772,877, or 14.6 per
cent. Company officials stated that
sales for the five weeks ended Decem-
Der 3, 1882, showed drop of IA per cent
as compared with the corresponding
period in 1881
Both monthly and yearly reports were
made without regard to changes in the
number Of American stores operated
during the year. The percentage figures
show very much better situation in
the last month of 1882 than for the year
as whole.
Harper Joins New Business Firm.
B. Ogle Harper, for many years
partner in the investment banking firm
of Crane, Paris & Co., has become as
sociated with w. M. Candy & Co., life
insurance and estate counselorS in the
Southern Building, new concern which
has started in business during the pres
ent week Incidentally, w. M. Candy,
head of the firm, was with the Wash
ington Office of the National City Co.
for 10 years, so that he, too, is well
known in the financial district
George M. Ferris, president OF Ferris
Woodroof & Lewis, Inc, who has just
returned from a business trip to New
York, states that there prevails at this
time a changed feeling for the better
among the prominent banking and in
vestment houses which he visited.
President Richard A. Norris of Wash
ington Chapter, American Institute OF
Banking; Vice President Robert H. Lacey
and Past President I. j. Roberts, will
attend the annual banquet of New York
Chapter tomorrow night. Mr.. Roberts
will be entertained by the Chase Ma
tional at luncheon at noon.
William Walter Phelps of New York,
partner in Goodbody & Co., will be here
tomorrow to attend the Alfalfa Club
dinner Frederick Berens, formerly
with Stein Bros. &, Boyce, is now asso-
ciated with Goodbody & Co., in the
office here
Active Trading on Exchange.
The washington Stock Exchange wit
ressed an active session today. The new
Washington Gas Light 5s, 1858, came
back into the limelight with seven sales
making a turnover of $4,000 at 9414.
Capital Traction SIS appeared on the
board in ST 900 sale at Sc. Washing
ton Gas 6s, Series A, came out in
ST 600 sale at 1005s, while Georgetown
Gas SIS were active at 1895 and 103.
Capital Traction IS sold at 56H4.
Capital Traction stock moved in a
very small sale at 1914, 40 shares of
Potomac Electric Power 5la per cent
preferred sold at lot, and five shares OF
the same corporations per cent pre-
ferred changed hands at 111A.
Ogden L. Mills, Secretary OF the Treas
ury, was in New York yesterday to at
tend a dinner at the Town Hall Club
He made visit to officials of the Fed
oral Reserve Bank during the afternoon.
National Power & Light Co. has de-
clared the regular quarterly dividend Of
25 cents on the common stock, payable
March To stock of record February /