Evening star., 1939-07-05

Otner BANK CallS issued.
The Federal Deposit insurance
Corp. and the Federal Reserve Board
Corp. sent condition report calls,
bringing to a total of 1880 the
number of banks receiving the re-
quests.
The number included 5,2O6 ma
tional banks, 1922 State banks be-
longing to the Federal Reserve
System and 1882 other insured
State banks.
Today's Trading on Exchange.
On the Washington Stock EX-
change today shares of Mergenthaler
Linotype sold at 1872, unchanged
from the last previous sale.
Capital Transit also appeared on
the board, Is shares changing hands
at 1874. The days final sale was
in Washington Railway & Electric
preferred stock which was strong
at 1l612.
Washington Gas Dividends Voted.
Directors Of the Washington Gas
Light Co. have declared the regular
quarterly dividend of 3712 cents on
the common stock payable August
l to stockholders Of record July Is.
A dividend of S112l2 also was de-
clared on the preferred stock pay
able August 10 to stockholders OF
record July 81.
ID. c. Utility Earnings Mount.
Earnings OF WaShingtons four
utility corporations will be substan-
TALLY larger in the first half of 1889
than in the corresponding six
months of 1888, survey of the sit
uatlon dlscloses.
While earnings for June have not
been filed with the Public Utilities
Commission, the results of the first
five months of this year indicate
favorable returns in the final month
OF the second quarter. Net revenues
OF three Of the four companies are
exceeding 1888, while the income of
the fourth runs into high figures.
The Washington Gas Light Co.,
IN the five months, reported net
earnings of S953,778, an increase of
SPAS, ,244 over the like 1888 period.
In May alone the gain in net
amounted to S01O65.
The Chesapeake & Potomac Tele-
phone Co. reported gains in net
earnings in every one of the five
months, this record assuring an in
crease for the half year. Balance
before dividends in the month
period amounted to S762 003, an up
turn of S34599
The Capital Transit Co. reported
net profits in the five months of
$248912.56, which was an improve
ment of S124,16757 over the CORE
spending period last year. The
weekly reports show that June made
another good record, well above 1898.
The Potomac Electric Power Co.
reported the largest net earnings
of any of the four companies for
the five months, S2334 ,430.34 While
this was decrease of 18,08499 from
last year, due to heavy operating
expenses, the income was highly sat-
isfactory
The figures mean that the use
Of the telephone. demand for gas
and electricity and car and bus
transportation were all ahead of last
year. the reports to the Utilities
Commission carrying with them un-
mistakable indications of improve
ment in business conditions.
Railroads Expand Truck Use.
American railroads are now oper-
ating nearly $500 motor trucks in
terminal transfer, intercity haulage
and store-door delivery services, ac-
cording to Automobile Facts and
Figures" for 1899, which will soon
be ready for distribution. Publica-
ton is annual year book of Auto
mobile Manufacturers Association.
Railroads are also operating more
than $500 buses on approXimately
$4,000 route miles of highways ana
streets in branch line and terminal
operations.
The new total of railroad-operated
trucks represents a 20 per cent
increase in highway haulage equip
ment during the past year.