Evening star., 1934-06-28
BANKS EXPECTED
TO GET CALL SOON
Status at Half Years End
Likely to Be Basis
for Reports.
BY HAROLD ROGERS.

BY HAROLD ROGERS.
A bank call is expected soon from
the Office of controller of the cur
rency to show the condition of ma
tional banks as of June 80.
Much interest is evident in this
Forthcoming call in view of the great
efforts made at recovery. not only
here, but throughout the Nation.
Indications from New York City
already are to the effect that banks
there will show a substantial increase
over the last call, which was March 5.
Forms for the call are anticipated
within a few days and the call, ac-
cording to present Indications may
come early in July TOR the June 80
date.
Gas Report Cheerful
The monthly report of Washington
Gas Light Co. filed with the Public
Utilities Commission shows net oper-
ating revenue for the month of May
of Sl67,ll0, compared with Sl63,7l6
for the same month in 1888, showing
an increase of S3.394.
Operating revenues for May, S513,-
0l6, compare with S486,088 for May
a year ago, an increase of $26,928.
Operating expenses, including taxes
and uncollectible bills, increased $23,-
534, this years figure being $345,906,
as against S322,372 in May, 1888.
Net income Of the company Tor the
month of May was S125,515, compared
with $99, 1896 in the same month of
1898. This is an increase of 5,619
derived principally from non-operat-
ing revenue.
Incorporating revenue increased
$22, 1886, producing a gross corporate
income in May of S195, 800, as against
S169,l l60 in the same month of 1888.
Interest deductions, increasing from
S69,264 in May, 1888, to S69,875 in
May this year, resulted in the net
income shown above.
Georgetown Loss Shown.
The monthly report of the George
town Gashght Co.. also filed with the
Public Utilities Commission, shaws a
net loss for the month, after interest
deductions of S4,540, as compared with
a net loss of S1,113 in May. 1888.
ODtI dIlIlS 1CNClluCS l1lILOooCO oO,OOcs
this years figure being Sl0l 1852. as
against S94.468 in May a year ago.
Operating expenses. including taxes
and uncollectible bills also showed an
increase. This years figure, $l01 ,472,
was 1888 greater than operating ex-
penses of S92 089 in May, 1888.
Interest deductions decreased from
S5,045 to S4,42l in May this year
Incorporating revenue also decreased
Sl,553 this year in comparison to the
same month year ago, resulting in
the net loss noted above.
Rate Changes Outlined.
Some banks are sending out to their
customers official notices of the change
in interest rates on time deposits, to
become effective July l.
One of these quotes the Clearing
House Association resolution, and then
comments on the resolution. This
notice, including the resolution, is as
follows:
On all present business the
maximum rate which banks may pay
to savings depositors on present
balances is reduced from per cent tc
2l2 per cent per annum.
On all new business:
"a On accounts showing a balance
of $4,000 or less, 2i2 per cent per
annum
"b. On accounts showing balance
of more than $4,000 and not in excess
of $4,000, 2l2 per cent per annum on
$1,000 and per cent per annum on
the remainder.
&C. On accounts showing a balance
of more than $4,000, 2l2 per cent
per annum on the first $4,000, per
cent per annum on the second $4,000
and liz per cent per annum on the
remainder.
1t also ruled that if accounts in
existence on June 80, 1884, are SUBJ
sequently increased by deposits, other
than credit of interest payments, max
ing the balance in said accounts
greater than $1,000, all such deposits
made after June 3O 1894, shall be re-
garded as new business and subject tc
the payment of interest as herein set
forth on new accounts.
This bank is glad to pay the
maximum rate in each case and we
trust sincerely that conditions will
sufficiently improve at an early date
to warrant a resumption of the old
rate by the banks in this District"
Pennsy Net Increases.
Pennsylvania Railroad Co. showed
an increase in net railway operating
income of S394.l58 in May of this
year as compared to last May, while
the five months increase totaled
$7,53l,l29, according to its monthly
report.
Railway operating revenues in
creased in May by $4,7l9,998 and
during the first five months as com.
pared to the same 1888 period by
S25,842,493
Gross revenues during the first five
months of three years are shown to
be: Sl47,404,614 in 1882, S119,18 ,686
In 1888 and S145, ,029, 179 in 1884.
William H. Baden, vice president of
the Washington Loan g. Trust Co..
yesterday was elected a trustee of the
John Dickson Home, at a meeting of
the board.