Evening star., 1934-01-31
CAPITAL CLEAR|NGS
DROP IN JANUARY
S55,735,297 Total Compares
With S57,282,2O1 Mark
for December.
By EDWARD c. STONE.

tl1lS noon nN CnarleS T.. bTlgnl, manager
Of the Washington Clearing House AS
kociation.
January clearings totaled SIS 1885,
297 40. in comparison with total for
December of s57282. .20l 40 and $72,-
567.289 in January year ago.
Todays report is considered especially
good when compared with the Decem-
Der figures. There is always a sharp
letdown in business right after Christ
mas. this being true this year
Business, however has held up very
well in the Capital during January as
the bank check report proves Retail
trade in Washington in December was
4 per cent ahead of December. 1888.
and II is now expected that trade in
this city in January will also reveal
gain over the corresponding month a.
year ago
Clearings in Washington in February
last year totaled $6l,0l2252 So. so that
clearines will not have to gain very
much next month to pass that record
The way things are improving here.
with so much more money in circula-
tion, many bankers expect clearings this
year to exceed last year in nearly every
month.
c. & P. Phone Report Up.
Net earnings Of the Chesapeake e.
Potomac Telephone Co. during Decem-
Der tOtaled sl62,772, against sl39.l7l
in the same month in the preceding
year. according to the monthly report
filed today with the Public Utilities
Commission. Balance for the full year.
before dividends. totaled $l,779. $50.
against sI687,546.
Operating revenues in December
totaled $800186 compared with S73e.-
373 in December. 1882 and net oper.
atlng revenues totaled S24S .43O against
S223nl6 in the previous year
Net operating income for the full
wear reached the sum of s2.837. .243
against S260339 Gross for the en-
nre II months amounted to s2os5.-
e74 compared with Sl955874
Washington was se1Ved by l78.76l
telephones at the close of business De-
cember 81. as compared with 179 .2Ss on
the same date in 1882
There was total of 1876 900 calls
In December. 1888. while in the same
period of the previous year 20l8l 900
calls were made. During the year 1888
224, $4,000 calls we're made, as COM
pared with 230,SO3 900 in the year
1892.
Ticker Club Committee Named.
AL a recent meeting of the board of
governors of the Ticker Club a Nomi-
mating Committee was appointed to
nominate the officers and board of
governors. whose names will be pre-
sented FOR ballot at the annual meet
ing to De held in March The COM
mittee is composed of.
Charles Carroll Morgan. one of the
managers of the local Office of G. Mp
Murphy & Co. chairman: George A.
Garrett, partner in Clark, Childs &
Keech, Chester w. Lockwood. one of
the managers of Hemphill. Moves g.
Co; A. H. Reside. manager of the Of
fee of WeStheimer & Co: Frank J. F.
Thiel. manager of the office of J. H
Bache e. Co
Karl w Corbv. president of the club.
j. entertaining members of the club at
dinner at the Burning Tree Golf Club
on the evening of February g. About
30 prominent brokers will attend Pres
tdent Corbv is finishing his term of Of
fee shortly, after conducting the af-
fairs Of the club through the past year
Savings & Loan Officers
Stockholders of the Northwestern Saw
ines & Loan Association. Takoma Park
held their annual meeting last night
and elected these directors for 1884
Alfred B. Baker, Dr. John w Chappell
DR. G. T. Coulor. E. V. Crittenden. w.
S Dewhirst Howard S Gott R. L.
Houston Jones, Arthur c. Keefer. Fred
erick LeWton. Jesse H. Powell, DR.. W.
W Stockberger and w. r Tuckerman.
The treasurer's statement showed as
sets of nearly S2.G0000O an increase of
100000 over the previous year. 1t also
showed the association has paid divi-
dends at the rate of I per cent per
i,-n1y l,1
years and with steadily growing sur
plus. The treasurer. Mr.. Gott reported
that income from sales of shares and
current dues we're almost on par with
the previous year while withdra walls by
shareholders we're 40 per cent less than
In 1882.
The treasurer also laid stress upon
the fact that many of the associations
borrowers had been assisted over rough
places during the year and many homes
had been saved from foreclosure through
adjustment of loans and reductions in
monthly payments
At the close of the shareholders
meeting the directors elected the fol-
lowing officers for the ensuing year: E.
y. Crittenden, president w s. Dew
hirst. vice president; H. S. Gott. sec
retary and treasurer. and A. B. Baker.
attorney.
Capital Traction Files Report
The Capital Traction Co. merged in
the Capital Transit Co. since December
], filed its operating statement for Mo-
Cember yesterday with the Public Utili-
ties Commission
The last report of the former COM
pany revealed surplus in net income
for that month of s7l49 as compared
with deficit of ST 1854 "a in November
1892. For the II months of 1888 there
was surplus Of sl0,6770l. as against
q deficit of s23,6s422 in the 1892 pc
riod.
The bus line operations report listed
q deficit of S2ll044 for November.
The November. 1882, deficit was ST.
1881. For the II months the deficit
was sl1.449.34. For the corresponding
1882 period it was s6,O39.85.
Although this was the last day of
January. the December report of the
washington Gas Light Co has not been
filed with the Public Utilities Commits
sion The report. which includes the
earnings figures for the full year 1888.
Is being held up to be presented at the
annual meeting of the gas company,s
stockholders. That meeting takes place
on February S.
Bankers Push Convention Plans. q
A dinner meeting of the chairmen of
the 1884 American Institute of Banking
Convention Committee was held last
plight in the oak room of the Raleigh
Hotel in charge of T. Hunton Leith,
assistant cashier Security Savings &
Commercial Bank and chairman of the
General Convention Committee. This
meeting marked the inauguration of in
tensive work in planning for the thirty
tecond national convention of the in
ttitute. which is to be held here from
June IL to a. inclusive
Mr.. Leith stated that the plans of
complete.
The Committee on Publicity. with
Aubrey o. Dooley assistant trust officer
Hamilton National Bank, as chairman.