The Washington herald., 1911-10-10
FINANCE AND REALTY

The first days trading for this week
on the local stock exchange did not bring
out any startling features. Liquidation
was light, and prices were steady. Only
six issues figured in the trading, three
bond issues and three stocks.
Potomac Electric Light IS sold to a
face value of 5000 at 1854. Electric As
sold $3.50 at SAY and IS, and Consolidated
IS sold to $1,000 at 101 "a These were the
only bonds to figure.
Washington Gas continued to show
strength, although no free trading was
in evidence. Fifty-one shares were sold
at 81 IA, a quarter of a point better than
the Saturday closing price. Franklin
Insurance, an occasional visitor to the
sales record. met the most active de-
mand. selling 100 shares at 81. Ten
shares of District National were sold
at 133.
New Bond Issue Rumored.
The street has heard that new issue
of 5 per cent bonds is contemplated by the
Capital Traction Company. This rumor
is strengthened by the present course of
traction securities The per cent bonds
now listed have shown no inclination or
late to retard their decline, while the
stock of the company shows good
strength and meets demands firmly. The
bond issue, 1t is believed, will materialize
early next month.
W., b. & A. Electric Earnings.
Reporting a gain in the net increase
for the month of more than $1,000 as
compared with last year, the officials Of
the Washington. Baltimore and Annau-
Cd
statement of earnings for September.
The total net income for the month was
SIS, ,S29S5, as compared with the $S,423. 50
for the corresponding period Of the pre-
ceding year.
The statement places the gross Operat-
ing revenue of the road at S67261.SS, as
compared with S6S, ,659.S7. or a decrease
of 81, ,3S7.99 Operating expenses for the
month were $3O.070.27 as against S29,2l7.S6,
making a gain OF 1921 as compared
with September of last year.
The net operating revenue was $37. .1916l
as compared with 39442.51 for 1910, oil
decrease of S2,25OsO over last year.
Miscellaneous income totaled S226Ol, aS
compared with Sl205O for September
of 1910, or a gain of Sl0I.4S. Gross in
come for the month was $S7,4L62, as
against $39.563.O4. or a decrease of s.,
1872 for the month.
Interest. taxes, &c. for the month
! amounted to s2l.5S777, as against 3l,-
1875 for the corresponding period OF
the previous year, which when deducted
| from the gross income OF the property
| leaves a surplus OF SIS, ,S29. So, as against
! IS 423 50 for 1910, or an increase OF 81
1856
| The percentage of operating expenses
to gross operating revenue was 447O pei
| cent to 1856 per cent for September oI
1910.
The gross operating income of the
! Washington. Baltimore and Annapolis
! for the six months of the new fiscal yeaI
which began April l is placed at Stiles,
as against 1859. .453SS for 1910. a gain oi
| $1.67463 for this year: operating expenses
| Sl747lOS4 as compared with S176,5S7 %
| for 1910 or a decrease of sl,%56.2l; while
the gross income for the six months
! was 03,5g7.54. as against $I93, ,25603 fo1
! 1910, an increase Of $lO.l1.5l for 1911. The
interest charges and taxes for the period
totaled sl33. 500 a, as against SlS5, ,6l2 8.
for 1910. a reduction of S52,llO1S.
The surplus for the six months is
$7.74SH for the previous year, an IN,
crease of $62,2sl.69.
After the reorganization plan Of the
Washington. Baltimore and Annapolis
was put into effect the officials OF the
company thought that, with n good year
the company would be Ho1e to close the
new fiscal year with a surplus OF 100000.
AS is seen from the statement issued to-
day, the company is more than meeting
the expectations Of its, officials. as it Is
able to report a surplus of $4,000 at tht
end Of the first six months OF the new
fiscal year. which began on April /.