Evening star., 1937-02-28
$92,192,370 Total Com
pares With S78,024,521
in Same 1886 Month.
STORE VOLUMES DOWN,
HOLD ABOVE YEAR AGO
January Telephone Profits Total
$1s0,527, Against $182,381
in Period Last Year.
BY EDWARD c. STONE.

over February, 1886, indicating fur
ther notable business gains here. ac-
cording to the monthly report made
yesterday by the Washington Clear
ing House Association, George H.
Bright, manager. The February fig
ure of $92, 1892, ,37O58 compares with
s7e.o24.521.81 in the same month
year ago. an increase in the month
ending today of S14,l67, ,848.77.
The February ClearingS were the
highest for that month since 1881
when the total stood at S96,742,175.
The monthly summary brings the
total for the first two months of this
year up to Sl92 1854, ,454.46 as COM
pared with Sl65,015,07125 in jan
uary and February year ago, which
discloses q gain of S27,739 383.2l so
far this year.
Washington bank clearings in jan
uary opened the year at record pace
when the total reached 500, ,562,-
O8388 in comparison with s6o,990,-
549.44 in January, 1886, an upturn of
$13,571 ,53444, but slightly under the
imposing rise reported yesterday for
February. Both months reflect broad
ening business prosperity made it safe
to predict that the first quarter of 1887
in this city will be far ahead of the
same three months in 1896.
Retail Trade Up IL Per Cent.
According to the weekly business
merce, made public yesterday, depart
ment store sales in Washington
dropped 76 per cent last week below
the previous week, but were 1l.2 per
cent above the same week last year.
The report which covers 81 i'm
portant cities, adds that bank clear
ings in the Capital totaled S19.288.-
518, compared with S24422.438 in the
previous week and S17.614,436 in the
corresponding 1886 week The value
of building permits issued during the
week was $587,500 compared with
s645, 500 for the previous week and
only S258,700 in the same week last
year.
The Commerce Department reports
that trade in the rest of the Fifth Re-
serve District was well ahead of last
year and that wholesale markets were
especially active, Baltimore reporting
some buying for next Fall deliveries.
Approach of Easter and fair weather
proved decidedly beneficial influences.
c. & p. Phone Earnings Firm.
Net earnings of the Chesapeake g.
Potomac Telephone Co. in January
totaled s180,527 as compared with
S182,381 in January last year, the re-
port filed with the Public Utilities
Commission revealed yesterday. 1t
indicates that business was almost
exactly the same as last year in
January.
Operating revenues were S926,056,
against $886,137. Against this in
crease we're higher operating expenses,
$641,813, compared with S616,580,
leaving net operating revenues of
S284,443, against S269,557 a year ago.
incorporating income was practically
the same in both months Gross was
slightly larger in January this year,
but deductions called for $18,925 COM
pared with s14,864 a year ago.
Telephone users in Washington
made 24,718,0OO calls during the
month as compared with 24,417,OOO
over the same period last year Wash
ington was served by 215,737 tele-
phones on January 81, 1887, a net
gain of 1929 telephones over the pre-
vious month.
Interest Payment Ready.
Edward F. Colladay and Enoch A.
Chase, receivers of the north por-
tion of the La Sale Building. Connect
3cut avenue and L street northwest
have announced by letter dated March
], 1887, to the holders of notes on the
property that beginning March 10 they
will pay per cent on account Of in
terest.
Notes are to be presented to the
Second National Bank, 1888 G street
northwest, on and after that date.
This will be the second payment of
interest made by the receivers, 3 per
cent having been paid in 1896.
Loan Leaders Plan BANQUET.
The annual banquet at the May
flower Hotel of the District of Colum-
bia Building and Loan League will
draw more than 500 officers, directors,
employees and guests. Rudolph W. San
telmann, chairman of the Arrange
n1ents Committee, announced yester-
day. The dinner takes place next
Saturday night. Fred A. Smith, chair
man of the Entertainment Committee,
stated that George H. O'Connor will
be master of ceremonies.
Distinguished guests who will be
present include Senator William King
chairman of the District Committee;
Commissioner Melvin c. Hazen, John
III. Fahay, chairman of the Home Loan
Bank Board; o. K. La Rogue, presi-
dent Federal Home Loan Bank, of
Winston-Salem; l. T. Chorpening, chief
national bank examiner, Fifth Federal
Reserve District; L. A. Kelly, office
controller of the currency, and Morton
Bodfich, executive vice president CT
the United States Building and Loan
League
ID. C. Exchange Trading Firm.
Prices were steady on the Washing
ton Stock Exchange yesterday at the
week end. Capital Traction SIS, which
had sold at 81 during the week
changed hands at 96%. Potomac
Electric Power 6 per cent preferred
stock appeared on the board at 113%
and Riggs National Bank common
moved at 355, up from the last pre-
vious sale at 351. Capital Transit
stock closed the week at 15b.