Evening star., 1936-08-05

Cne nlglleSI IlS-
ures for any July in the past decade.
In fact. they are the highest on record
with the possible exception of the
period during the World War.
Receipts were slightly under the
June total, as is always the case. But
they were higher than the $372,818
In July, 1884, and $461,619 reported
for July, 1898. And these figures were
better than in the years further back.
They made the month stand out over
long period, at the same time adding
to the good news" that is coming
from almost every direction right now
and giving further boost to recovery
GockeIer Takes Vacation.
c. j. Gockeler, assistant vice presi-
hent Of the Hamilton National Bank
Is another Washington banker who is
taking a vacation. He is now at
Ventnor, N. j., just a short distance
from Atlantic City, where he will re-
main through August. So enthusi-
astic is he over the Atlantic City
suburb that he prefers it to the glare
and glamour of the big resort.
Mr.. Gockeler is chairman Of the
Board of Governors of the Washing
ton Stock Exchange, having held a
seat on the exchange for many years
He is q former president of the ex.
change and for some years served as
secretary of the organization. Before
entering the banking field he was an
active official in the Board of Trade.
For long time he served as treas
nrer of the Washington Auditorium
Corp, on the board of Chapin-Sacks
Corp, and has other business afilia-
tions, as well as being member of the
National Press Club, the Blue Ridge
Rod and Gun Club and the Columbia
Country Club. An ardent Wash
ingtonian, he has always been resi-
dent Of the Capital.
Lively Month on Exchanges.
Business was very much better on
the Washington, Baltimore and Rich
mond Exchanges in June, this year,
than in May, according to the latest
records of the Securities Exchange
Commission.
The total value of stock sales on the
Washington Stock Exchange in June
was $172,920, against total of S85, Ala
In May. There was a turnover of
2,494 shares in June, against only
1852 in May, the report says.
The value of sales in the bond di-
vision was $86,554, as compared with
S36,307 in May. AT the same time the
value of all sales during June was
s259,474, against $121,721 during the
month Of May. These increases, in
spite of the approach of Midsummer
conditions, showed healthy economic
situation here, which was highly
gratifying to exchange officials.
During the same period the Balti-
more Stock Exchange reported sales
In stocks amounting to 1851, ,644 in
value, against $625,232 in May, and
involving 36,234 shares, against 56,76e
shares in May. Bond sales were
smaller than in May, but the value of
all sales during June totaled $755,837,
against $705,214 in May of this year.
On the Richmond Stock Exchange
the value of stock sales amounted to
S241,257 in June and $162,393 in
May. Shares in June totaled only
4,433 in June, against 17,054 in May.
Bond sales were heavier in May than
In June, but the June value of all
sales of stocks and bonds totaled
E247,3 in June, against $185,525.
Business on all three exchanges
was also much better than in June,
1885, the Securities Exchange re-
port reveals.
Heard in Financial District.
Harry G. Meem, president of the
Washington Loan g. Trust Co., will
leave the Capital tomorrow for an
extended vacation tour along the New
England coast, going up to Maine and
returning to the bank shortly after
Labor day. He remained in the city
today for the regular August meeting
Of the board Of directors.
George w. Dalton, resident man.
Ager, announces that the name of the
investment counsel firm of c. w.
Young g. Co., Inc, has been changed
TO Clarke, Sinsabaugh & Co., the
Offices here being at 1914 K street.
For the twenty-second consecutive
month, a membership increase was
registered by the Keystone Automo-
bile Club in July, 1877 per cent over
June and 37.9 per cent over july
1885. Manager George E. Keneipr
RscribeS the gain to increased travel
and steadily improving economic con.
ditions in the metropolitan area OF
Washington.
The Bondholders Protective Com.
mittee, representing first mortgage S
per cent bonds of the Washington
Baltimore & Annapolis Electric Rail.
way Co., is notifying holders of GER
tiflcates Of deposit that they will prob.
ably receive a cash distribution dur.
ing the latter part of September. The
amount cannot be stated, but viii
comprise only cash proceeds to date
from liquidation. The committee viii
make further distributions as othel
property Is sold at q fair price.
From Cleveland comes report that
An inventory of the wealth of the late
M. j. Van Sweringen, Chesapeake &
Ohio Railroad king" shows that he
was worth $3,068 at the time of hi.
death last December He left all his
property to his brother.
Today's Trading on Exchange.
Following yesterdays heavy trad.
ing in Capital Traction SIS, these
bonds were out again on the Wash.
ington Stock Exchange today. $1,000
selling at 92k, the strong price pre-.
vailing recently. Washington Rail.
way & Electric As came out on two
$1,000 transfers at LOG.
Stocks were quiet, the days only
transaction being in Potomac Electric
Power 5A per cent preferred, which
rani~farad TO