davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
EARNINGS CLIMB
IN OIL INDUSTRY

Favorable Oil prices and a record
demand for both gasoline and fuel
oil have brought petroleum COM
panies' earnings to sharply i'm
proved levels in the current year,
according to Poor's Investment Ad-
visory Service.
Increasing motor vehicle regis
tration and operation are chiefly
responsible for lifting demand to
new high ground. well above the
1886 record Of 10000, ZOO, 900 gal
Ions. While aviation still absorbs
only a small proportion of gaSo-
line production, it is making i'm
pressive percentage gains. The
analysis adds:
Fuel oil consumption, which
experienced depression losses
somewhat greater than those of
gasoline, Is making large gains
due to the extensive installation
of household oil burners and the
growing use of Diesel engines.
The enormous opportunities
present in the adaptation of
Diesel engines to new uses in
dictate a large potential demand
for fuel oil from this field. Con-
sumption Of residual fuel oils
follows closely the trend of in.
dustrial production, particularly
that of the heavy industries"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
CANADIAN BOND
OFFERINGS RISE.

Offerings of new Canadian bond
issues in July, including $50,000,-
900 Dominion Of Canada treasury
bills, exceeded $4,000. 900, &C.
cording to Dominion Securities
Corporation.
This compares with offerings of
$39, 000,0 in July last year and
represents the largest monthly
total during 1887 with the excep-
ton of the month of January
when the Dominion Of Canada
sold $85, 100000 in the United
Stataes market. There were no
Canadian new issues offered in
the United States during July.
The months activity was not
confined to any one class of
financing, but was made UP as
follows: Dominion of Canada. $780,
100000; provincials, s 24,077 900;
municipals, 1897, IT'S; public utili-
ties, $12,935, 900; railway equip
ment, $14,300,OO0: miscellaneous
and industrials, $1S,500, 900.
While financing during the
month of July was very heavy, the
total for the first seven months,
amounting to $421, 1853, $40, Is ap-
proximately 500, 900, 900 below the
corresponding period last year.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02

Paul j. Settler Of the American
Security and Trust Company and
chairman of the Educational Com
mittee Of Washington Chapter,
American Institute Of Banking,
has named his assistants on the
committee. The other members in
clude:
Francis e. Robey, Bank Of Com
merce and Savings, vice chair
man: Frances e. Nagel, Riggs Ma
tional Bank, secretary: Edward M.
Blackjack, Washington Loan and
Trust Company: John M. Christie,
Riggs National; Aubrey o. DoOley,
Hamilton National; George B.
Earnshaw, National Metropolitan;
Joseph r. Fitzpatrick, Second Ma
tional; Margaret P. Hayden, Co.
lumbia National; Robert H. Lacey,
Columbia National; G. Elmer
Flather, Union Trust Company;
T. Hunton Leith, Security Savings
and Commercial: Myrtle P. Lewis,
Liberty National; J. Earle Nc
Geary, w. B. Hibbs and Company;
Richard A. Norris, Lincoln Ma
tional; Frank M. Perley, American
Security and Trust Company;
Walter L. Sanderson, Hamilton
National, and G. Crawford Turn.
bull, Morris Plan Bank.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
100 STOCKS RISE
1O.1 PCT. IN JULY

After declining for four consec.
utive months, stocks rebounded
vigorously in July, the market
value of 100 representative issues
increasing $2,308, 983, 900, or 10.1
per cent. The appraisal Of the
100 stocks at the end Of the month
was SOS, 015, 444, 900, compared with
$22, FOG, 461 900 at the end of June.
At the end Of February, after
advancing for 10 consecutive
months, the 100 issues were ap-
praised at $26, 900. On .
percentage basis the July gain was
the largest recorded in any month
since April, 1885.
In July the utilities recorded the
largest percentage gain, 20.7 per
cent. The steelS advanced 1855
per cent, motors 14.1 per cent,
mines 11.2 per cent, merchandise
ing issues 1913 per cent, building
shares 10.1 per cent, electrical
manufacturing issues 90 per cent
oils SO per cent, miscellaneous in
dustrials SO per cent, chemicals
Sd per cent, railroad equipments
3.5 per cent, rails "a per cent and
foods 3 per cent.
On a dollar basis the largest
gain was recorded in the oils
which advanced 11,877, 900. Mo-
tors were up $393, 227, 600, mines
$267 800, 900, and utilities 1884,
811,000.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
CHANGES SMALL
AS STOCK MART
TURNS SLUGGISH
By LESLIE GOULD

NEW YORK, Aug. 2 GN.SJ.
The stock market today developed
into q sluggish and irregular af-
fair after starting on a generally
firm note. Price changes were
small.
The early upturn was paced by
motors, steels, aviations and most
Of the rail shares. Gains in few
instances topped a point, but the
majority of gains we're limited. At
the start of the second hour, prices
started to taper off and liberal
scattering of minus signs resulted.
The undertone, however, continued
steady.
Rubber shares came forward late
in the forenoon, U. S. Rubber and
Goodrich each gaining a point.
U. S. Steel dropped most of an
early gain of point, DUPONT was
UP more than 2 at one time. Johns
Manville slipped more than a
point.
Commo ODDITIES we're mixed to
slightly easier. Grains slipped
fractionally and cotton lost a few
additional points. Bonds were firm,
particularly corporate and Gov.
eminent issues.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
TradeUptun1
May Start
Soon

Midsummer trade dullness is
expected to persist for only a few
weeks longer, giving way to active
preparation for the expected au-
tumn increase in business, accord
ing to the Standard Statistics
Company.
Comparisons Of present trade
volumes all over the country with
those of last year reveal a spotty
situation, but this is likely to end
when the depressing influence of
recent widespread strikes has been
shed, when the harvesting of the
new crops is actively under way,
and when comparisons are no
longer made with volumes abnor-
mally stimulated by the payment
of the soldiers bonus, the report
says, adding:
Industry is counting on a
heavier volume of business this
fall, as shown by the fact that
industrial production for July is
estimated at 1904, which COM
pares with $50 in June and 91.S
in July, 1886. The volume of in
duStrial output from the end of
June to the end of October a
year ago showed, virtually no
variation, and so the expected
gains in production this year
should make for definitely favor
able comparisons.
"The apparent settlement Of
the court controversy has i'm
proved sentiment, although the
fate of other radical measures
before Congress has yet to be
determined. The wage and hour
bill has been shOrn of much Of
its dictat0rial provisions, and
the equally ambitious agricul.
tural program has met with con.
siderable hostility in both houses.
While the wage-hOur bill may be
enacted, the final measure is
certain to be far more mild than
that requested by the Admins
tratiOn."
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
GEN. TIRE EARNS SETTER NAMES
$201 PER SHARE HIS ASSISTANTS

Net profit Of $2.O1 per share on
common stock Of the General Tire
& Rubber Company for the 6.
month period ending May 81 was
reported by William O'Neil, presi-
dent.
Net sales for the first half Of
this year totaled $10,212,79 re-
sulting in profit of 991,262.21,
after provision for Federal income
tax but before making any allow
ance for excess profits tax and sur.
tax on undistributed profits, as the
amount Of these latter taxes can.
not be determined until the end
Of the fiscal year.
This sum, after deducting pre-.
ferred dividends Of $S1,375, means
a profit of $2.01 per common
share on the basis Of the 452, 1875
common shares outstanding on
May 81. Since that date. "a, 697
additional common shares have
been sold to stockholders, making
the total of common stock out
standing 517,572. On the basis of
the present outstanding common
stock, the profit for the first half
of 1887 would be $1.76 a share.
During the entire fiscal year Of
1896, General Tire sales totaled
81, 900 1896 and the net profits
for the 1896 12-months' period
amounted to $2.53 a share.
No figures were announced for
the first half of 1896, but Presi.
dent O'Neil said that the profit
for the first half of 1887 was sub.
stantially higher than during the
same period last year.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
FOOD PRICES RISE
BUTAVERAGEPAY
GOES HIGHER, TOO

Though food prices have re-
sumed their rise, squirting sharply
the first two weeks of July, and
rental rates continue to climb, the
average family's pay envelope has
definitely outStripped the cost Of
living during the past year; the
jump in earnings has been most
pronounced during the first half
Of 1887, according to a study Of
family buying power made by
Northwestern National Life Insur.
ance Company.
An average United States family
earning and spending $12O
monthly in 1888 had to pay SAL 80
to maintain the same living stand.
ards in June, 1887, but meanwhile
the family pay envelope has ex.
panded to $147.23 according to
the study.
Living Standards Hold
A year ago it cost $135.68 to
maintain the living standards
which $500 would support at 1893
average prices, and the family pay
envelope was $136; thus family In.
come has increased $11 in the past
year while living COST went up So,
The greater part of the gain in
earnings has taken place in the
first six months Of 1887.
A months supply of food for
the "yardStick" family, which
could be purchased for $50 at 1888
prices, cost $37.86 in June a year
ago, and an even 500 at June,
1887, prices. Dairy products, meats.
and cereal products have led the
price rise Of the past few weeks.
Rents Still Higher?
Rent, for which the $12O-a.
month family could budget $24
in 1888, averaged $29.19 for the
identical grade of living accommo.
dationS in June, 1886, and had
climbed to $32.58 by June Of this
year. Realtors predict further
substantial boosts in rental rates
this fall and next spring, aggre-
eating IS per cent over present
levels; this is necessary to bring
rents into line with increased
building costs, they declare.
Clothing prices have registered
o 5 per cent increase since a year
ago: the family'S cost for sun.
dries has risen negligibly, while
the fuel-and-light item registers q
slight shrinkage, the report shows.
The transportation item, which
reflects trends in gasoline prices
and streetcar rates, has remained
practically stationary for the past
year.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
Trust Pdrley
Opens Next
Month

While the Pacific Coast and
Rocky Mountain States Trust Con-
ference to be held in Portland,
Ore, next month will call no local
men to its sessions, there is GER
tain to be matter discussed there
Of interest to both trust men and
life underwriters the country over.
This seems to be a day Of edu-
cational advances, both in the
banking and Reinsurance field,
and Washington has not been be-
hind in maintaining classes for the
instruction Of members Of both
professions.
Now, from Portland, comes an
outline by r. M. Alton, trust Of
ficer of the United States National
Bank, of a series of joint educa-
tional meetings between trust men
and life-insurance men, in which
talks were delivered covering the
position of life insurance in trust
work and its application to every
day trust needs.
Writing in Trust Companies
Magazine for July, the Oregon
trust officer outlines the coopera-
tive effort at bringing trust men
and life-insurance men together
through this series Of educational
sympoSiumS, and the success Of the
effort seems to have warranted
the undertaking.
Both local trust men and under
writer's see In this beginning a pos
sibility of the development of
something along joint educational
lines, possibly an interchange OF
courses between the educational
institutions Of the two professions
of banking and of life underwrit-
ing.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
Insurance Issues
Ease in Past Week

Insurance stocks in the New
York city market eased off during
the past week, according to Holt,
Rose & Troster. The aggregate
value of 20 leading fire and cas-
ualty insurance issues on July 80
totaled 5000, 1872 900, compared
with $615, 100000 at the close of
the previous week, a decrease of
$5,516,000, or 0.89 per cent.
The current average yield of
the 20 issues of 1913 per cent COM
pares with 1853 per cent on July
%. The current market value
equals 81 per cent of current
liquidating value. compared with
SO per cent week ago. Combined
earnings from underwriting and
net investment income equal $40
per cent of market value, COM
pared with 6.34 per cent on July
Or
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
Is Chicago Listed
Shares Turn Down

twenty-five representative stocks
listed on the Chicago Sotck Elk
change had a market value at the
close of business for the week
ended July 81 of $1,009, 278,625, a
decrease of $15,845, $50, or 1.55 per
cent, as compared with 81 ,025, 1884,
875 at the close Of the previous
week, according to Paul H. Davis
& Company.
At the close Of the correspond.
ing week a year ago, the same
stocks had a market value OF
$994,951,125, indicating an in
crease during the year Of $14,.
327, 500, or LA per cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02

car on track; supplies light: asmsnd
light; market steady. Washington,
0u isstuI Ss.tstS; s s.ii,SrI,.
rived; 9 broken and unbroken cars
on track. Supplies liberal; demand light;
market steady. California, Western
f sr eo1 IssSs1s sygs dozen S.M foaS
eastern crates, Big Boston type, dozen,
5O@s5c.
I broken and / unbroken cars on track.
ket steady. 50-pound sacks Yeilows. U.
s. No. /: New York. clio: Pennsylvania.
S5@90c, wasty, 75c; Washington, So
pound sacks, valsncias, U. s. No. 1. .
Celery-No arrivals; 1 broken car on
track. Supplies light. New York, 90
crates. individually washed, as dozen,
s1.25@i:7S, few 81. Michigan. high
TomStOes-supplies moderate; demand
light; market steady. New Jersey, H.
quart climax baskets. soc.
Peaches South Carolina arrived: 1
Truck receipts liberal; supplies liberal;
Carolina, bushel baskets, Elbertas. U. S.
fair quality. S1.25x1.5O; virginia, bushei
baskets. Elbertas, U. s. No. /. az inches
minimum, best, 81; holdovers. ordinary
and fair condition, I1@l.5o; bushel
mum. 75c; New Jersey, ~ bushel
baskets, U; 8. No. l, az, inch minimum,
Mixed VeEetaSieS-No arrivals; /
Lima Beans-supplies moderate; de-
mand light: market steady. Pennsyl-
vania, bushel hampers, mostly around 81.
Corn - Supplies moderate: demand
sacks, s, dozen, ,s10 las.
sPinach=sTppliss light; demand light;
baskets. Savoy type, sOas5c; New yea
land type, soc.
Oranges--Four California arrived; 4
broken and unbroken cars on track.
California, boxes. S40S.5O, as to grade
and size.
LemOns-ons California arrived; 1 un-
broken car on track. California, boxes,
No, !; o ;7@PSO; No; ?; 's0SSS;
dozen punches; bushel baskets, topped.
Biueberrles-New Jersey. cultivated
quarts, 30@35c: pints, 1909
observation-disclosures busAeI crates,
11.75.
Avocado - Florida. boxes. 31@1.5o.
Cuba, ventilated crates, $2@3.5o, as to
size.
Beets - Pennsylvania, 2O@sOo per
dozen punches.
Cabbage : Pennsylvania, IL bushsl
hampers, 75c.
Plums-No carlot arrivals; broken
car on track. California. boxes wisck-
sons. $1.50@2.25.
Observation-Disclosures, boxes, 1850
2.25.
Limes-Florida, AS boxes, S2.5O@3.SO;
u boxes. $1.25@1.75.
Pineapples--Cuba. crates, $394.
Observation-Disclosures. 1O@15c per
quart. Virginia, 14015c per quart.
Maine, 1870 20s per quart.
Observation-Disclosures, bushel bas-
ketE. fancy. S1-2k. ehOica A.
CauliflOwer-New York, crates, Cats
kill Section, $2.7563.
HOneydews-No carlot arrivals: bro
ken and unbroken cars on track.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
so N. Y. Securities
Decline in Week

The market value of so repre-
sentative stocks listed on the New
York Stock Exchange at the close
of business for the week ended
July 81 was $22.564, 469 ,250, a de.
crease of $196, sos, 125, or 0.86 per
cent, as compared with 500, $751;
O74,375 at the close Of the previous
week. according to Paul H. Davis
& Co.
At the close of the corresponding
week a year ago the same stocks
had a market value of $21 ,252,'
$50, 500, indicating an increase
during the year Of $l,311,518,750,
or GIT per cent
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
American Forging
6-MOnth Net Rises

The American Forging and
Socket Company, Pontiac, Mich,
reports net income for the six
months ended June 80, 1887,
after all charges including pro-
vision for normal Federal in
come tax, but before undistri-
buted surplus profits tax, of
$248,538, equal to SLOT per
share on 231,400 shares Of out
standing common stock.
This compares with $191, APO,
or 50 cents per share on the
same number of outstanding
shares of common stock for the
first six months of 1886.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
Bank Securities
Slightly Lower

New York city bank stocks
moved slightly lower during the
past week, according to Holt, Rose
and Troster.
The aggregate market value Of
16 leading issues on July 80
amounted to $2,O03, no. 900 com.
pared with $2,032,913,O00 at the
close of the previous week, q de-
crease of 9,203, 900, or LA per
cent.
The current average yield of the
16 issues of 3.29 per cent COM
pares with 3.24 per cent on July %.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
EGGS AND LIvE.PoULTRY MARKETS I
prices Paid shlpperS-Net +. o. b.
WashingtOn)

EGGS AND LIVEePOULTRY MARKETS
prices Paid shlppers-Net +. o. B.
WashingtOn)
BY the United States Bureau Of
Agricultural Economics
EEgs-M a ket steady. Prices un-
changed. Current receipts. zoo ale: Hem
merry Whites, 22@23c. Government graded
2shc; U. 8. Extras. mediums. sShc;
Live POultry%Marfet steady. Prices
nominal. Fowl: Colored, heavy, 10000;
1Oc. Chickens: Crosses, az 2sc: Rocks,
Virginia, less than an lbs, 22@ 23c; IA
lbs. and over. 2s@24e; Leghorns, lbs,
D dsS3 TSm,. T }sSf1s Old Hen" l'0l7o;
FRUITS AND VEGETABLES
Sales in Large Lots By Original Receivers
Sales to Q A. M.
L. @. L. Express Receipts
FlOrida-1s7 Tugs avocados; 81 boxes
lines; IS \ boxes lines: 80 crates
pears 50 y bushel hampers okra; 4 Y
North CarOlina-soO crates canta-
loupes; rs bushel peaches; II 4-peck
baskets peppers; ~ ponys okra; IL T.
Tennesee-iO 4 pscks Okra: 1 bushsl
basket okra.
New Jersey-47 "a crates blueberries.
Maine-7 "a crates blusberries.
PennsylVania-22 bundles u29 bas-
Unknown Origin-4s packages mixed
vegetables.
Apples-Bushel baskets, N. 8. No. l.
Maryland, Pennsylvania Virginia and
West Virginia, Transparents, 2-inch mimi
mum, e0@65c; 2A-inch minimum, coo
@S1: 2h-inch minimum, S1.10612S.
Utility, and overripe stock, 25@35c;
i,u hess 2N,ineh minimumf 5o@Soc;
overripe, ESQ s5c; Wsalthys, 2-inch mini
mum. 60@60c: 2k-inch minimum, 75c;
215-inch minimum, S0c 81: STAIRS, an
inch minimum, 76c; 2h-inch minimum,
9Oc @s1; 2%-inch minimum $1.1O@1.25;
Rambos, 2h-inch minimum, Csc; IN
inch minimum. $1@1.1O; 2%-inch mini
mum, 81. @1.3s; various other varieties.
y; s. n, No Mn l. Grade. SOc@:1; Williams
and overripe. 25@5Oc.
WatermelOns-Boat receipts equivalent
ceipts liberal. Supplies liberal. Demand
light, market steady. North Carolina,
Tom Watsons, 26-3o-lb. average. 2O025c,
S5-4O-lb., average, 400 soc each.
n: C. express arrived. Truck receipts
liberal. Supplies liberal. Demand mod
crate, market steady. North Carolina
Ridgeway Section, Standards all sizes
salmon Meats IaDelled, S1,25 a. LOU most
ly s1.25. plains, 5O@75c, few 81. East
Shore, Maryland % crates, 50c@S1.
Maryland, Anne Arundel County, baskets
IS to IS, 40@45.
Honey Dews-Supplies light. Demand
light. market steady. California, stan
dard and Jumbo crates all sizes, $1.25
@1.50.
POtatoes-NO earlot arrivals and no
cars on track. Truck receipts moder-
ate. Demand moderate; market steady.
100-pound sacks Cobblers: Eastern
Shore Maryland. fair quality, &1.15. New
Jersey, 31.20@1.25.
Peas-I Washington arrival; broken
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
CHICAGO LIVESTOCK

CHICAGO, Aug. ? ON. s.).-Hogs:
Receipts. 1900; 1O@15c higher. Hold
9 9sao: heavy SSVy O@is; medium. s1s.7S
Q133O: light, $13@1S.3D; light lights.
$12.5O@13.2O; packing sows. 1915 HIS;
pigs, $9.5O@12.s5.
1000; steady. Beef steers, good and
choice. $14.5O017.25: common and me-
dunn, S75O614; yearlings. $6.50@16.S5.
Butcher Cattle: Heifers, IS a 1873; cows,
$5.7561O50; bulls, $5.S0@S.75; calves.
$75O@12: feeder steers. s750@10.5o:
stocker steers $s.sO@s.50; stocker cows
and heifers, $5.50@e.
sheep: Receipts, 10, 900; steady. Lambs.
410.50@1l.50; common, SS@1o,e0. year
lipKs,. SIG 10; feeders. so Clio; ewes,
$245.50.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
Tide Water Pays Extra

A second increase in common
stock dividends during the current
year and the payment of an extra
dividend out of the earnings of
the first six months Of 1887 have
been announced by Tide Water
Associated Oil Company.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
Rise in California
Fruit Output Seen

The first complete forecasts of
production of major California
fruit crops indicate (as of July -
generally larger yields than last
year. with the exception of plums
and cherries.
The current business outlook of
the Wells Fargo Bank, San Fran.
cisco, reports that peach growers,
despite a larger crop, are receiving
$40 per ton this year for No. l
grade canning fruit, as against $50
last year. Apricot prices are also
averaging higher than they were
a year ago.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
CHICAGO PRODUCE

CHICAGO, Aug. 2 GN.s).--Butter,
1889 tubs; steady; olds cars. 5; new,
10: extras. sic, standards, Sic; extra
firsts, 3O%c; firsts 2s1t q soc, specials
Eggs-Receipts. 1142s cases: steady;
old cars, II. new IS: current receipts.
1870; fresh extra firsts, less than cars,
zoe; cars. 2Ohc; fresh firsts. less than
checks 16Ac.
Cheese-Twins. 6hG16%c; prints,
daisies and longhorns, 17H @17ac.
Live Poultry-Mostiy steady; turkeye'
1Oa13hc: broilers. 17@22c: roosters,
49, a14he; ducks, 9012c: geese. 912c.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
New York Produce

NEW YORK, Aug. UNS.).--Eggs
steady to firm. Nearby white specials.
27@ csc; standards, 241s @25hc: me.
dtums 25kc: nearby brown special" -
@2Shc; standards, 24@25c; mediums
% q csc; mixed specials, 23@27c; ST. -
ards, 22% q g3c: firsts, 21921Ac:- sec
onds, 10 a zoe: mediums. 1871 @19c: Pa
cific Coast white jumbos, 30h W34c; spas
cials, 2sh @30c; standards, 2sM0 1905
mediums. 21@27hc.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
Henry Ford Raises
Price of His Autos

DETROIT, Aug. 2 I.N.S0-A
price increase on Ford automobiles
went into effect today.
The increase, ranging from SIS
to $35 on certain body types, was
attributed to rising costs OF
materials. ...
A number of types Of passenger
cars and all Ford commercial
vehicles were unaffected by the
increase
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
JULY CLEARINGS
RISE 10 MILLION
FORWASHINGTON

Judging by July bank clearings.
Washington business was better
last month then in July 1886.
The Clearing House Associa.
tons latest report shows that
clearings in July totaled $110,.
500, 257.97, as compared with $780,
1873, $1,000 in July, 1886, an in
crease of $10,256,737.95, and that
clearings in Washington in the
first seven months of this year
a m ounted to $761, $40, 193.07
against 1851 ,229, 631.62 in the like
period last year. This was an up
turn Of $10,610,561.45.
The striking gains in Nclearings
so far this year, over 1887, are
wildly brought out by monthly
comparisons with the correspond
ing periods in 1886, as follows:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1937-08-02
Treasury Condition

Treasury balance July 80: ST.
647, 273,624.7S; internal revenue:
$9,575,512.63; customs receipts:
$50, $3.50, 521.47.