The Washington times., 1912-12-11
.|NTERURBAN ROAD
SHOWS INCREASE IN
REVENUE IN MONTH
Washington, Baltimore, and
Annapolis Railroads Busi-
ness Is Growing.

The statement Of earnings Of the
Washington. Baltimore. and Annapolis
Electric Railroad Company for the
month Of November, which will probab.
~ be issued within the next few days,
will show an increase In both gross and
net revenues, a. compared with the cor;
responding period Of last year. The IN.
crease In gross will b. In the neiGhbor.
hood Of $1,000. while the final net In.
come for the month-that 10. after Dc.
ductions Of nxed charges. etc.. have
been made-will probably show an In
crease Of $4,000. a. contrasted with
November Of last year.
Foe the eleven months the washing.
ton. Baltimore and Annapolis road will
likely report q surplus Of about 9ll9.000
which amount 10 equivalent to the full
8 per cent on the corporations 1.%eo.0oe
outstanding preferred stock. and 1 per
cent on the N.ooo.o 900 issue Of common.
The directors Of the Washington.
Baltimore. and Annapolis electric
railroad at meeting held In Baltimore.
declared an initial dividend Of ~ per
cent on the preferred. ana issued g
would later on take up the question Of
charging of q stipulated amount each
year for depreciation. 1t 10 likely that
this matter will he finally determined at
the meeting OF directors to be held next
The washington. Baltimore. and An
napolis railroad IL getting good returns
from its freight service between Balti-
more. Washington, and Annapolis. This
business increased to such an , extent
order two additional freight cars 30 as
to properly handle the growing traffic.
The new equipment has already been
delivered and has been placed In serv-
Ice.
The company's new terminal at Four
teenth street and New York avenue, ID
nearly ready for occupancy. The new
location Is expected to. prove much
more convenient than the present one
In the center Of the block.
An imposing array Of counsel hal
been retained to represent the Wash
ington Utilities Company. and the othe,
deiendan.s in the suit Of the D.tris
merger Of the public utilities O
Gardner i. Boothe. of Alexandria
secretary Of the Washington Utilitie,
sour! HOUSE. and Norman Grey. Q
Camden. N. J.. vice president OF tn,
the utilities company: and for - tn
Wa8nln8tOn.S virginia NaiIway Com
pany. recently absorbed. A. i. Worth
Ington. Of this city. will represent W
B. Hi6bs. and J. J. Darlington will ap
pear for the Washington Railway ant
Electric Company. Charles +. Holm. o
New York, will represent Clarence p
King. president Of the Washington Rail
way and Electric Company.
The Washington Utilities Compan!
has started the construction OF dou
BILE track from Arlington Junction to
ward Falls Church. and a new station
at Arlington Junction. A new freigh
station at the foot Of Royal street II
Alexandria 10 also to be built.
Answers to the District suit are ex
pected to be filed in the District gu
preme Court within the next tw'
weeks. according to an attorney 70
the defendants.
Bond issues were the favorites on tn
Washington Stock Exchange today. II
a series OF transactions 5000 Of variou
issues werc traded. On call 900 o
Potomac Electric SIS were obtained a
los. but a half more had to be paid 70
two such lots after call. The Consoli
| dated SIS remained at 100. Three lot
Of 81 900 each were sold at that price
Capital Traction SIS sold again at III
$500 Of them. 4 quarter point les
than yesterdays bid Of S3k for Wash
| inRtsn Railway and Electric Is va