Evening star., 1936-11-30
C[EAR|NGS RISE
WELL ABOVE 1885
11.Month Total Climbs
$170,304, $50 Ahead of
Period Last Year.
RY EDWARD C. STONE,

Period Last Year.
BY EDWARD C. STONE.
How business in Washington has
doomed during the first II months Of
1886 compared with the like period in
1885, was vividly pictured today in
the report Of the Washington Clearing
House Association, George H. Bright
manager.
For the first II months of this year
clearings totaled $1,018, 1882 ,55946 as
compared with $84s s,077 ,978.87 in the
first II months in 1885, gain so far
in 1896 of 1904, ,5SO.59.
November 1886. clearings in the
Capital totaled SOL 1868, ,7Os63, against
S83 ,062, 1868 in November, 1885, an
increase in the month under review
of $8,201 ,577.44, the report made public
this noon showed.
Another striking comparison reveals
that Cancelled checks passing through
the Washington Clearing House in the
first II months of this year have
already exceeded the total for the
full IL months of 1885 by $83,325,-
1886, as the complete 1885 clearings
amounted to $685., 5,056,842.50.
Clearings by months this year COM
pare as follows with the monthly sum-
maries for the corresponding months
in 1895:
1886. 1885.
January sS6, $50, SAC "A $6e, ,566, 1923 40
February 7S,O24,52l.8l 60,956,28l 80
March - 86,355,S79.l9 74,l12,669.72
April 100 ,399, ,01414 77,447,954.34
May $500 94,295,11200 1887, 1851 90
June ---104, ,841, ,03400 85,895, ,l59 90
July ----1O0, 333, $4,000 83,Oo3, ,060.9
August - 82,745,029.4 75,543,87178
September 89,61l95400 1920, $4,000
October --103, ,532 $4,000 87,25l, $50 90
November 81 263,70363 83,062, 1868
Exchange Trading Expands.
Transactions on the Washington
Stock Exchange in october scored SUBJ
stantial gains over September. accord
ing to latest reports from the Securities
and Exchange Commission.
The total dollar value of all stock
sales recorded during October reached
s2o1 1897, nearly double the amount Of
business in September, which amount
ed to $119,795. The per share turn
over was also much better, 1927 shares
changing ownership in October against
also shares IN the preceding month.
There was less striking increase in
the bond department, the dollar value
of sales standing at s4S,457 in the
month under review against s46,648 in
September. Principal amount of bonds
sold was s49, 500 compared with s48, 600.
The value Of both stock and bond
sales on the Washington Exchange
totaled S250,354 in october, COM
parable with the lower figure of $780,
443 In September, the exchange here
doing its share in helping make gain
of So per cent In sales on all the ex-
changes in the country.
In line with the expanded business
in Washington is the report from the
Baltimore Stock Exchange showing the
dollar value of all sales as s2,020,0S6
against $1,629,068 in September and
in Richmond, $192,357 in October
compared with $176,89o in the earlier
month.
Atlas Plywood Stock Offered.
James M. Johnston a. Co., Wash
ingtor investment firm, is included
in a banking group which is today
offering 10000 shares of Atlas Ply
wood Corp. cumulative convertible
preferred stock at $25 per share. The
group is headed by Van Alstyne, Noel
& Co., New York.
The corpora ton is one of the largest
manufacturers of plywood packing
cases and materials for furniture and
radio cabinets. 1t does business. in
Canada and England, as we'll as in
the United States. The company has
131 1000 shares of common stock. which
Is listed on the New York Curb and
selling around $21 share, which has
paid so cents in dividends so far this
year.
The preferred stock will carry a
dividend rate of 81 25 per annum. The
new stock is being put out to redeem
the outstanding Sl,584000 5l2 per
cent debentures and to cancel the
common stock held for their con-
version. The prospectus indicates that
the concern has a strong balance
sheet position.
C. & p. Phone Net Higher.
Forthe first 10 months of 1886, net
income of the Chesapeake g. Potomac
Telephone Co. reached $1,665, ,124
against $1,592,571 year ago in the
same period, according to the finan-
cial statement filed today with the
Public Utilities Commission.
Operating revenues amounted to
S8,789,528 as compared with S8,346,7l6
in the same 10 months year ago. Ex-
penses were higher this year, totaling
S6,249,268 against $5,899,552 a year
ago. Taxes were also higher this year,
05,073, compared with $1,830,679 a
year ago.
Incorporating income was about So
larger and interest deductions were
smaller than year ago, which left the
above-stated modest improvement IN
the 10-month net earnings.
The October report showed bal
ance before dividends Of $170,49 as
compared with a net income in Octo-
Der, 1885, of s177,652. Operating rev.
enues totaled $899,444, against $751;
95s q year ago. Operating expenses
called for s644,236, being heavier than
the $612,762 in October, 1885, and
leaving q net operating income of
$1s5,613, against $193,025. There was
q net gain in telephones installed OF
2,444 and a substantial increase in
the number Of calls.
Financial District Notes.
py KaocI, onnn11ncad fO-