Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-01-09
CAPITAL TRACTION CO.
SAOWS.GROSS INCREASE

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The summary of operations of the
Capital Traction Company for the
year ending December 81. 1913, shows
gross income to have been $1.1I3,-
4S4.74, an increase over 1917 of $685.
1926.
Passenger revenue was 1890, 500. 40.
an increase over 1917 of $124,011.tt.
The total revenue from transporta-
tion was 1921 .a0593. being an IN,
from operation other than transpor-
tation was $3S.64s.66, an increase OF
So, 800 10.
The railway operating revenue was
$3.529. S54.61, an increase of S.46..
1880. The operating expenses (1S.iS
per cent of gross reVenue1 were S.
0s3.05o.s6. being an increase OF so4"'-
T3O.S3.
The net operating revenue was ST.
446, 194.SAt being an increase OF Si?o,
5s5.T: Taxes asslgnabie to raniroa an
increase of $1oO.7o7.92. Operating in
come was S1159.S04.30, an increase
of $95,S7IS5. Incorporating income
was $13, 6S6.44 a decrease Of $2.osl-l'.
After deducting from gross income
debt $2SO, 800. rent of leased roads,
$3.50. %: miscellaneous debts, So
GOa.25, and license fee for trackase
space on Union station plaza, 81 -2"o
a total of $2S3.33?5.o4. the net income
was 1888. OSo 20. an increase over 1917
of sol, 5i9.11. Deducting from the
net income the sum of $4,000 divi-
dends. a decrease of $4,000 under
1917. the surplus of the company for
1918 is $16s osa.2o. an INCREASE over
of II
Under the head of profit and loss
adjustments are these items:
.Credits-Proft on wheel rail sold:
$4S.4o. Balance at the beginning OF
year. 1929, Total; s49I;es4-So.
justments. s1s1.3s; profit and loss
balance at close of year. s4s7. 1884,.
an increase over 1a1T of $t6i.9i6-2-.
The Washington Market Company
has declared its regular seIni-annual
dividend of 21s per cent.
George NJ Fisher and William p
Doring have returned from military
service to their positions with the
Washington Loan and Trust Com
pany.
Vice President Guy T. Scott of the
Continental Trust Company. major in
the National Army, has resumed his
banking duties.
Woodward & Lothrop Election.
Stockholders of Woodward & 10th
rop. incorporated. have elected the
following directors for 1918: Donald
Woodward, w. ". Everett, NJ. Fischer.
]. N. LuttreH, n. H. Luttrell, John
Tyssowski. B. ". Parker and G. n.
Everett.
The board of directors has elected
Az 81 f1r- = an
suing year: Donald Woodward. pres
ident: w. w. Everett, tirs' vice pres
ident and manager; 6. n. Everett. sec
ond vice president and secretary; NJ.
Fischer. treasurer.
Market Letters Extracts.
The following are extracts of mar
ket letters posted at the offices of
Hibbs & Co. today:
For the immediate future the po
sition still appears TO be bullish, ex-
cept chiefly coppers, smelterS and al
lied Industrial stocks. The principal
state of affairs there is indicated by
the information about sales of metal
around 90 cents with a string to them,
that is, contract protecting the buy
er against any further decline in the
In this light the business in
dfcates only the increasing money
needs of some of the companies,
which will almost inevitably be re-
fiected in reduction of dividends. When
the time comes to reverse the position
on coppers, Chino and Anaconda will
be perhaps the best of them to buy"
Bull talk persists as to offerings of
steel stock to employees and it is the
opinion in some quarters that the full
amount may not yet have been bought
Tor that purpose"
American Linseed acts exceeding
~ we'll There are Indications of
greater interest in Cotton Oil, Can
and Great Northern Ore"
The bill for traction charges to be
introduced at Albany is believed to
be satisfactory"
In the railroad situation the treat |
est uncertainty continues and only
the strongest roads should be bought. |
The latest suggestion to increase the
power of the Interstate Commerce
Commission is not liked"
market Looks Good.''
Market looks good. Would buy
steel on any reactions"
Technical position of the market |
seems to be in a rather sound state,
and. IL aided by even the prospect Of |
constructive occurrences, is in a po- |
sitfon to respond readily"
Is understood that the Marine !
deal Is in q bad tangle and far from |
going through. The hitch is in Wash |
ington. The selling of the stock the |
last few days was good"
A continuance Of bulIish operations
10 expected in the stock market with
cross current suggested as a result |
q rsad{nstment selling in some parts
Higher prices are predicted for the
Tobaccos. Chemical stocks, Cuba
Cane. Woolworth, Great Northern
Ore and feathers. Southern Pacific is
In line for further strength. Read
ing is well bought. and shorts are re-
firing from United States Steel"
I'VE believe that the general stock
market has turned the readjustment
corner upward; that, barring some
unforeseeable events, the average
prices will register gains in recover
les. although lower prices than re-
cently seen may be recorded in some
departments"
''Autonobile industrial prospects
are declared to be Brilliant
Sales on Local Exchange.
On the Washington Stock Exchange
today five shares Of Capital Traction
sold at S7S, two twenty-five share
blocks of the same stock at 81; TWEEN
fy-dve shares of Washington Railway
and Electric preferred at So; FIVE
Lanston at 67k and two shares of
Capital Traction at SIN.
After call $500 Capital Traction IS
sold at 50: $4,000 Potomac Electric
Consolidated SIS at IS and $4,000
Washington Gas S. at 49,
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