Evening star., 1933-11-29

706,2446l. 1he next year. the GATE OF
the great financial crash in Wall Street,
November clearings in Washington
stood at S120.26l.7 1879.
ClearingS for the first II months Of
the present year compare by months
with the same periods last yea as iol
lows, according to the complete records
of the Wa5hir gton Clearing House As
tociatlOI:
1850. 1892.
January .s72. SCI. .28o 500 855. 1886
February ...... ol.Olz,252 60.607 544
March ........ 32644947 G9.6l6 463
April .......... 38960 SIT 1864 223
MAY ,.......... 40, O,453,198 80,493, ,495
June .......... 5o,4oIooi oo,449'ooo
july 5l.S28l69 76,646.111
August ........ 45,405,937 68,830 6l9
September ..... 49,97l PAL 69.894U3O
CClODST ......'. - i,O-o, t9O II,ooo,oo
November ..... 54,720,559 69O33, 153
Both bankers and merchants fore
cast a marked gain in clearlngs in the
Capital in December over November
They say Christmas trade alone will
assure this increase but to this should
be added the newly started incomes
from employees of the Civil Works Ad-
ministratiOn.
1t is also believed that next years
clearings will show steady gain. With
q banks noW operating on full sched-
ules ana other banking situations near
ing solutions. the outlook is declared to
be highly encouraging. No such con-
dltions as prevailed last March and
aiterwayd can enter into conditions IN
1884
c. & p. Earnings Higher.
Net earnings of the Chesapeake &
Potomac TeleDhOne Co. showed sub
stantial Improvement during october.
according to the monthly financial
statement filed today with the Public
Utilities Commission. Balance before
dividends totaled S158,577 against
S125 47O in October, 1882, an increase
of S33,107.
Operating revenues were higher. be-
ing S777,l62 compared with S773,O GAO in
October a year ago There was saw
ing in operating expenses which ar-
sorbed S529969 against S568l33. leav-
ing net operating revenues OF S2473l3
against S204.907 in october, 1882. After
taxes, net operating income was S184.-
3I7 as compared with Sl48,080.
Incorporating income was lower than
last year by over S3,O00 leaving a total
gross income of Sl84209 against Sl5l,-
666. Following the usual interest dc
ductions. the telephone company re-
ported the above favorable balance.
. During october there was net gair.
in the number of telephones in Wash
ington of 1876. This report is espe-
:cially encouraging because all other
months this year, except September,
showed a net loss in telephones IN
the city.
There were 175,6C5 telephones in
service in the District of Columbia al
the end of October. or 290l fewer than
on the same date last year. While the
number of phones increased during Oc-
tober. the number Of calls was 1888 5000,
or 364,000 fewer than in October, 1882.
Ten Months Report Also Fled.
The Chesapeake & Potomac Tele-
phone report for the first 10 months of
1888 was also filed today. Operating
revenues totaled S7,544969 against ST.
810,242 last year.
Operating expenses were reduced, be-
ing S5215,50l compared with S5,654,-
408 in the like period a year ago.
After deduction of operating expenses
and taxes, the company had a net
operating income for the 10 months Of
S1,6e9 692 in comparison with the lower
figure last year of S1,578,786.
Net incorporating income this year
was S4,273 against the very much larger
1lSuIe year dSO VI ofo'7'0' 4OId4
gross income was 81, 703 1854 as COM
pared with 81 ,625 ,261.
Interest deductions this year called
for S254617 against S2l7,239, leav-
ing a balance before dividends of ST.
449 SAT compared with 81 ,4o7, ,972 in the
first 10 months of 1882, or a gain Of
$41.375.
Bryarly Resigns Insurance Post.
# l0n
Home Life Insurance Co. Of New York,
has resigned his position in Washing
ton, to take effect tomorrow. The ac-
ton is taken on account Of his health,
Mr.. Bryarly expecting to go to Florida
soon in an effort to recuperate. Ray
H. Burnham of the home Office will
take charge Cf the main Office here
until Mr. Bryarly's successor is ap-
pointed Mr. Bryarly has been a
leader in the insurance field here for
20 years and has also been active in
the same business in Winchester, Va.
The committee on a code of fair
competition for stock brokers has re-
ceiyed approximately 500 signed agree
mentS to its code, returned by stock
brokers and stock brokers' firms. Some
delay in the return of agreements has
been caused by many requests for
brokers and brokers firms are bound
by the code as signed BY President
Roosevelt.
Heard in Financial District.
Acting Secretary of the Treasury
M0rpenthall announces that bids have
been accepted for s10O,027000 of OIL
cay Treasury bills, to be dated NoVem-
Der %. 1888, and maturing February
G8. 1884. The Treasury had asked
for tendsrs of n;3 on TOO otaf Or
aDDINd for was Sl87O60OOO
Commonwealth Ss Southern Corpor-
alton has declared the regular quarterly
aS1a6a pa2a6e January 9 0 to ptecE of record
December 8.
The Treasury will receive tenders
for SlO0.000.0O0, or thereaboutS, of 9l-
day bills to be sold on a discount basis
to the highest bioders. Bills will be
dated December 6, 1888, and will
mature on March 7. 1884.
Irving Trust declared regular quar-
terly dividend of 25 cents on the capi-
tai stock of $40 par, payable January
2 to stock of record December 8.
Exchange to Close Tomorrow.
The Washington Stock Exchange will
be closed tomorrow, Thanksgiving day
The banks. investment and brokerage
houses and all other fnancials institu-
tions in the city will also be closed.
Trading on the Washington Exchange
today opened with $1,000 Capital Trac-
ton SIS selling at 5812. Another $4,000
sale in the same bonds was recorded
at an advance to 5634.
Washington Gas IS. 1860, came out in
a S25OO turnover at 1924. Only one
sale took place in the stock division
five shares of Potomac Electric Power
51a per cent preferred moving at 104l2
SHEETING. DEMAND RISES.
NEW YORK, November 90 (P).-