Evening star., 1934-02-15

State figures:
virginia ..'''.''''''.''' -o'o
West Virginia .............. -32,2
The Carolnas ......--...''' 1o'o
Unofficial reports so far in Feb
ruary indicate that sales are making
another fine showing in the second
month of the year. Telegraph re-
oorts from other sections Of the
United States also state that the trade
upsWing is expected to continue for
an indefinite period.
c. & P. Directors Reelected.
At the annual meeting of the Chesa-
peake & Potomac Telephone Co., held
in New York Tuesday, the following
directors were reelected: William w.
Everett. Robert V. Fleming, Edwin
C. Graham, Dr.. Gilbert GroSvenor,
John Poole. Merle Thorpe, Philip o.
Coffin, Marshal D. Sedan and Lloyd
B. Wilson of Washington and Wal
ter S. Clifford and Eugene S. Wilson
of New York
Sales of American Stores Co. for
the five weeks ended February 3,
without consideration of the changes
in number of stores during the period,
totaled S1O,6O2 ,856, against S10,l57087
in the like period year ago. This
Is a gain of S445 778, or "A per cent.
Sales for the four weeks ended De-
cember 80. 1888, showed an increase
of is per cent as compared with
December Of the preceding year.
Call Carl Officers Elected.
Stockholders of Call Carl, Inc, held
their annual meeting Tuesday, at
which time all directors we're unani-
mously reelected as follows: Chaplin
B. Bauman, Joseph A. Burkart, Her.
man F. Carl, Louis c. Carl, Frederick
Carl. Edmund o. Carl. George E.
Keneipp, James E. Smith and Eliot
H. Thomson.
The new board, at its organization
meeting, reelected these officers:
Herman F. Carl. president; Edmund
o. Carl, vice president; Louis c. Carl,
secretary, and Frederick Carl, treas
uer.
The preliminary report of the Co.
lumbia Gas e. Electric Co, which
supplies natural gas to the Washing
ton Gas Light Co. has been issued
for 1893 and shows net income of
sI2,496759, after taxes interest, de-
probation and preferred dividends of
subsidiaries, equivalent to 81 cents a
share on the common stock out
standing This compares with s17,-
204 675, or 96 cents a share on the
outstanding common stock in 1882.
Bank Insurance Move Lauded.
Washington bankers were praising
today the White House plan to ex-
tend the temporary insurance Of all
bank deposits up to S2,500 for an
other full year from July l, 1884, to
July /, 1885.
Many express the belief that the
temporary insurance which has been
in effect since the first of the year,
eventually will be made permanent.
It is stated that Federal Insurance
Corporation funds now cover about
81 per cent of all bank depositors.
With protection so general, inan-
ciers insist that no further coverage
is necessary. The guarantee of de-
posts already has caused tremen-
dous increase in bank accounts all
over the United States. And there
has not been a bank failure since
January l. -
MergenthaIer Linotype Active.
Mergenthaler Linotype was active
on the Washington Stock Exchange
today. six 10-share transactions tax
ing place at 81. Washington Railway
& Electric preferred saw 25 shares
change hands at 80. But the days
real business was in the bond division.
Capital Traction IS sold at 70.
Washington Gas 6s series B. opened
at 103 and closed at 1O234, two $1,000
and one $500 sales being registered.
The bond market closed with 81 1000
Washington Gas IS, 1860, selling at
10434 and 1000 more at los.
General regret was heard in local
financial circles today over the death
of Melvin A Traylor. AS a former
president of the American Bankers
Association, he had many personal
friends among financiers in Wash
ington. His heroic struggle for life
drew great admiration from friends
here.
Heard in Financial District.
State and municipal borrowing
CURING JANUARY JOIdlGu o1OStOSo.OSf.
including S121 ,223, ,564 of loans made
by the Public Works Administration
and Reconstruction Finance Corpora
ton. In the corresponding month of
1888 the total was S85 ,930,332, which
included 54.846, PIG of Reconstruc-
ton Finance Corporation loans.
Receipts by the Federal Government
from tax on capital stock transfers
in 1888 nearly doubled those of 1882,
according to the Bureau of Internal
Revenue. being $40 2E8 ,972, compared
with S24,8t0.441. The State of New
York contributed S37,082,9
j. j. Newberry Co. has declared the
regular quarterly dividend of Is cents
on the common stock, payable April
! to stock of record March 16.