The Washington herald., 1921-09-09
TRANSIT COMPANY
LOSES Sl.7OFOR
JULY OPERATION
Washington Firm Gained
$55.16 During June,
Reports Show.
OTHER LOCAL NOTES
lGeorgetown Gas Bonds Gain
On d. C. Exchange-Per-
sonal-Oil Situation.
OTHER LOCAL NOTES

The Washington Rapid Transit
Company was operated at a loss OF
$3.50 during the month of July.
as against a gain OF s55.ls for the
previous month, according to re-
ports just received by the Public
Utilities Commission.
During the period in question,
fourteen motor busses were in use.
operating a total of 59.s57 miles and
carrying 132.4ss passengers. The
total revenue amounted to S11,-
3Is.s4. while total operating ex-
penses aggregated sIl.222.76. leav-
ing a net operating revenue of
$l21.0s, from which was deducted
the interest on the unfunded debt
In June the company operated
the same number of busses, cover
ing 6Srl27 miles and carrying 1f0,03e
passengers
Local Securities.
Trading in Washington securities
yesterday. while stilI restricted.
took in a goodly number Of issues.
being featureless and without a
distinct trend. except in the case
of Georgetown Gas per cent bonds,
which scored a three-quarter point
gain. This issue opened at 73h
and closed at 74A with sales ag-
gregating $4,000
Washington Railway Is were IN
fairly active demand $1,000. face
value, selling In $1,000 lots at s1h.
Potomac Electric general mortgage
6s were traded in to the extent of
$1,000 at sS1s. and $500 Washington
Gas IS sold at 7sh. The IN per
cent notes OF the latter company
sold at 1929. $1,000 changing hands.
In the stock list. twenty-five
shares Of Railway preferred sold at
IS, nve shares or Washington Gas
limited at 447s, and ten shares Of
Mergenthaler at 117%.
Call money dropped to 6Iz per
cent. but the breach OF 1 per cent
remains, traders bidding but 81 for
such funds.
Personals.
James Trimble. sr.. vice president
Of the National Bank OF Washing
ton, and three intimate friends re-
Gently promoted a fishing expedl-
tion on the bay, returning with a
Catsh of forty-two f1sh. This, Mr..
Trimble AYERS, is not a ''fIsh story"
C. c. Morgan, manager of the
bond department. Of John l. Ed
wards and Company. has returned
to Washington after a short vaca-
tion in the Adirondacks.
George l. Starkey, vice president
Of the National Bank OF Washing
lengthy vacation at Atlantic City,
wfil return TO this city today.
Francis NJ. Savage, president OF
the Northwest Savings Bank. who
has been spending the summer at
ington yesterday.
The OH situation.
According to Henry L. Doherty's
Investment Bulletin, imports OF
Mexican petroleum during July.
amounting to s.046,SS1 barrels,
showed q decrease of more than
100000 barrels compared with
June The imports OF crude oil
into the United States for the first
seven months OF 1921 were 74,323,-
ia barrels, comparing with 45.777,-
3s5 barrels in the first seven
months of 1920, these figures in
dieatinE the tremendous flood Of
imported oil with which domestic
producers have had to compete in
the last months of 1890 and the
first seven months Of 1921. For the
first seven months of 1891 there
was an excess of imports Of oil
over exports of 69,s5s.33S barrels.
comparing with an excess Of A.
o75,so7 barrels in the first seven
months OF 1890. The daily average
of oil imports in July was 259.-
5TS barrels. comparing with 34o115
barrels In June. OF the oil imported
into the United States in July, "a
per cent was light grade crude oil,
while Is per cent was heavy grade
crude and IL per cent was fuel oil.
stocks Of petroleum held in storage
on July 81. 1921, east of California
totaIed 142.1s4,000 barrels gross, or
1ss,6s4.0 900 barrels net, these figures
comparing with 136,432.000 barrels
gross, or 122.9s5,ooo barrels net on
June 30, and 129.959,00O barrels
gross, or 117.el2.oOo barrels net on
Nav 81, 1921. Net stocks OF pc.
troleum are gross minus base sedi-
ment and water. In California at
the END OF July theTe were SV'Ioo'-
900 barrels gross in storage, COM
pairing with 2s.s54.0oo barrels gross
on June 30, and 26.So3.0o0 barrels
gross on May 81. Stocks of Mexican
1etroleum held in the United States
on July 81 were s,356.o60 barrels.
comparing with s.7os.o00 barrels on
June 30, and 100000 on May 81.
The combined net storage stocks Of
crude oil In the United States. total
ing approximately 167.00o,OOo bar
reis, would be sufficient to meet
consumption at the current rate Tor
19S davA