Evening star., 1936-11-01
CLEAR|NGS MOUNT
WELL ABOVE 1885
IN OCTOBER HERE
Total for Month Increases
S16,280,69O to Reach
$1O3,532,24O Mark.
STORE SALES STILL TOP
YEAR AGO DESPITE LAG
Remain 20 Per Cent Ahead After
Weeks Drop of 10 Per Cent.
Transit Stock Active.
BY EDWARD C. STONE.

BY EDWARD Z. STONE.
Further evidence of the business
boom. which has engulfed the Ma
tional Capital, came to light yester-
day when the Washington Clearing
House Association reported october
clearings which revealed a gain of
$16,280,69029 over October, 1885, and
almost as great an increase over
September, 1886.
Checks passing through the Wash
ington clearing house in September
totaled $103, 2,24O.70, in comparison
with $87,251 .550.41 in September
year ago. On only three other months
this year have clearings been above
S100,000,000 and in only one month,
June, were they above the total re-
ported yesterday.
Washington clearings. for the first
10 months of this year, reached the
sum of 1927, 7,118,855.83, as compared
with S765 ,0l5, ,852 68, making the SEN
sational increase so far this year Of
S162, 103, ,00315 over the first 10
months of 1885, the report shows.
Clearings by months this year COM
pare as follows with the monthly
summaries for the corresponding
months in 1885:
1886. 1885
January $50, 6,ee0,549.44 S6e, ,566, 1923 40
February 78,O24,52181 6O,956,2S1 80
March -. 86,355,879.19 74,112,6 ,669.72
April loo, ,389.o14.14 77,447,954.34
May --- 4,2s5,11200 77,s57,951 90
June -. 104 ,841 ,03400 1886, ,159 90
July --.- 100 ,333, $4,000 83,003, ,060 80
August 82,745,029.41 75,543.871.78
September 89,611,954.00 1920, ,430 90
October 103,532,2 ,24o.00 87,261, $4,000
Retail Sales Ahead of 1885.
Department store sales in Washing
ton during the last week were more
than 20 per cent ahead of the cor
responding week year ago, although
10 per cent off from the previous
week. the Department of Commerce
reported yesterday in survey cover
ing 81 cities.
The value Of building permits in
creased 80 per cent over the previous
week, but dropped "a per cent from
the same week last year, the differ
ence being accounted for by a sew
age treatment plant costing S865.000,
which was included in the 1885 figure.
Retail trade in most of the fifth
district was augmented by the advent
of colder weather and more season.
able weather and was well ahead Of
last year. One of the best gains re-
ported was in Baltimore. In the
Southern part of the district sales
we're up as much as 20 per cent over
last year.
Tourist business in Washington
was under the previous week but
better than the like week last year,
according to Monument figures.
Transit Stock Active.
Capital Transit stock led trading on
the Washington Stock Exchange yes
terday, losing a half point at the
close. The market opened with a
small sale at 14A, followed by 10
10-share lot sales at IA. The market
closed with 1875 bid and 141a asked.
Washington Gas Light stock ap-
peared on the board, with a single
sale taking place at 817s. The Sep
tember Gas report, out yesterday.
showed seasonal drop in earnings
for the month but substantial earn
ings for the first nine months of this
year. The only other sale in yester-
days session was in Potomac Electric
Power 6 per cent preferred stock,
which moved at 110k, unchanged.
The week witnessed market activity
In many different issues, and some
new high marks for the year. The
demand for bank stocks held up well.
At the same time other securities
were not neglected.
Real Estate Advances Seen.
Further rises next year may be ex-
pected in the sales price of apart
ment buildings, single-family houses,
commercial buildings and farms, ac-
cording to the tabulated results of a
survey conducted among members of
the Mortgage Bankers Association of
America.
Replies to the associations ques-
tionnaire were from members in 26
cities and showed that SO per cent of
those replying expect continued rise
in 1887 in the sales price of single
family houses. Eighty-three per cent
anticipate higher prices for apart
ment buildings, 76 per cent think the
same about commercial buildings,
while only SO per cent expect higher
sales prices for farms.
Members In 26 cities, however, esti-
mated that the sales price of apartment
buildings had appreciated around 10
per cent in the past three years, which
Is probably conservative and lower
than more exhaustive figures would
show, the report added,
Banks Open Election Day.
AL the Washington banks will be
open as usual on election day, Tues
day. The Washington Stock Ex-
change, however, will be closed. AL
the New York Stock Exchange Of
f1ces In the city will also have their
doors shut, thus giving their Gus
toners a good chance to try to figure
out the probable Wall Street reac-
ton to the election when the ticker
tape starts up again on Wednesday.