Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-02-28
SHARP TRADE RISE
INDICATED HERE
February CIearings Exceed
Level of Year Ago by
$11,864,356 Margin.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
First definite proof Of how much
better business was in Washington IN
the month now closing than in Febru-
ary, 1894, came from the Washington
Clearing House Association this noon
in the monthly report Of Manager
Charles E. Bright.
Bank clearings in the Capital In Feb
fuary totaled $60,956, 281.30 as COM
pared with only $40 ,09l ,924.34 in Feb
rusry. 1884, an advance of $ll,864,-
356.96 over last year. Clearings for
the short month of February were
naturally not up to those of January
of this year, when the total stood at
$69. 566 ,932.40.
Washington bank clearings for the
first two months of 1885 totaled $780,
523,204.70 in comparison with a total
Of s1o4,829 ,22183, a jump so far this
year Of SIS, 6s3 1892 7.
Today's figures supply conclusive
evidence Of the steady business ad-
vances being scored month after month
in the Capital. Business Is, no doubt,
better. than the figures on Cancelled
checks indicate. Since the metered
service charges were put into effect in
all of the banks the number of checks
drawn has shown a marked decrease
bank patrons paying a great many
more bills with cash in order to keep
down the extra check fees.
In passing 1t is interesting to note
that the February, 1885, figures are
practically back to the 1888 February
total of $6l.0l2,252.5S.
Gas January Net $139,547.
The monthly report of the Washing
ton Gas Light Co.. filed with the Public
Utilities Commission this morning,
shows net operating revenue for the
month OF January of s2l6.610. COM
pared with 1927 1923 for January last
year, q decrease of $ll,2l3.
Operating revenues for January.
1868 .43s. compared with S6l6,853 for
January a year ago, an increase OF
$46,585. Operating expenses, lnciuo-
ing taxes and uncollectible bills, IN
creased S57,798, this years inquire
being $446,828 against s3S9,030 IN
January, 1884.
Non-operating revenues for jan
uary this year, decreasing 1894 from
last years total of 1888 to show
loss Of SAIL, resulted in gross cor
porate income of s212,499, as COM
pared with 1929 06 for January, 1885,
q decrease of S17,027.
Interest deductions of s72,es2 for
Ec1 fhan
last years figure Of s7O,39l, resulting
in a net income of sl39, SAT, compared
with $159,315 for January, 1884, a
decrease Of S19,768.
Georgetown Earnings Up.
The monthly report of the George
town Gas Light Co., also filed with
the Public Utilities Commission this
morning, shows a net income for jan
uary, 1895, of S3,793, as compared
with $2,407 for January OF last year,
an increase of $1,386.
Operating revenues this year were
$153,892 as against $144,858 an in
crease OF $9,034. Operating expenses,
including taxes and uncollectible bills,
increased $3.50. this years figure be-
ing $l45,672 against s138,983 for jan
uary, 1884.
Incorporating revenue decreased
41,724 this year over last year, re-
sulting in a gross corporate income
Of 1921, compared with $500 for
January, 1884. an increase of 1921.
Interest deductions decreased S765,
this years figure being $4,428 against
$5103 for January 1894
How to Obtain Hotel Bonds.
Holders of Mayf1ower Hotel per
have been notified that under the
plan Of reorganization confirmed by
the Supreme Court of the District
they are entitled to receive for each
$1,000 principal amount of the bonds
$500 principal of 15-year per cent
first mortgage sinking fund bonds Of
the new corporation dated February l,
1885, to which will be annexed vot-
ing trust certificates representing 60
shares Of the capital stock of the cor
poration, proport;onately smaller
amounts being issued for bonds Of
smaller denominations.
In order to obtain the new securi-
ties the old bonds must be surrendered
ut the Office of the American Security
& Trust Co., agent for the hotel cor
poration. The new securities will be
issued in exchange for the old bonds,
including those which were not de-
posted with any reorganization COM
mittee. Holders of certificates of de-
post representing deposited bonds
should not surrender these certificates
but must present the original bonds
Only the actual bonds will be &C
cepted, the legal notices state.
The notices are signed by the trus-
tees, John L. Smith, J. M. Kenyon
and Rush L. Holland of the May
flower Hotel Corp, William L. Beale,
president.
Mergenthaler Stock Higher.
Mergenthaler Linotype stock crossed
80 and sold at 30A in two sales on
the Washington Stock Exchange
today. Washington Railway g. Elec-
trio preferred stock made a new high
for the year on the exchange today
with small sale at 1882. Capital
Traction SIS were again strong. the
bonds recording two sales at 96A.
Other bid and asked prices were firm
Election of Carl ]. Bergman as
president Of the southeastern State
group of the United States Building
and Loan League, is tribute to one
Of the best known building and loan
leaders In Washington. As president
Of the District of Columbia Building
and Loan League, he worked very
hard for the success of the big con-
ference held here this week.
Frank ]. Stryker. president of the
Columbia National Bank, and Victor
B. Deyber. head of the Second Ma
tionai Bank, were among local bank
officials who attended the annual din
ner OF the conference at the May
Hnwer Hotel