The Washington herald., 1922-01-27
CAPITAL TRACTION
PROFIT s1O2,747.SO
DURING DECEMBER
Amount Slightly Under
Net Earnings of Pre-
vious Month.
OTHER LOCAL NOTES
Washington Bankers Agree
ably Surprised at High
Rate Treasury Offers.
OTHER LOCAL NOTES

The Capital Traction Company
was operated at a net income or
Sle2,I47.SO according to reports re-
ceived by the Public Utilities Com
mission yesterday. This compares
with a deficit OF S2.4OO.64 for the
corresponding period year ago,
and with S112.O91.34 for November.
1871. The deficit OF 1920 was direct
~ charseable to heavy expenses in
CURED by reason of extensive I'M
Provements to the company's lines
ana Is therefore not a fair com
paTisOn.
The total revenue from transpor-
tation in December amounted to
Ae6492.63 with other revenues
amounting to s23S2.55. Operating
expenses amounted to t29S.T04.75
with taxes assignable to railway
operation amounting to s37.201.S6,
making a gross income of s14..-
t23.OS. From this was deducted
s5S.s75.25.
Treasury Oners High Rate.
The local banking fraternity eN-
dressed agreeable surprise at the
- per cent rate carried by the new
k4OO.OOO.0O0 issue of three-year
Treasury certificates, announced
Yesterday morning. believing this
To be an exceptionally high return.
The last previous issue was offered
at "a per cent for the six-month
maturitics with the one-year notes
hearing az per cent. Since that
time. money conditions have re-
laNed considerably the opinion here
being prevalent that the next is
sue would. under no circumstances.
bear moro than "a per cent at the
very most.
II is "a certainty that the new or
ferinG will be OvcTsubscribed sew
cral times over.
District Bankers To Meet.
John H. Larncr. president of the
District Of Columbia Bankers AS
Sociation yesterday announced that
the next meeting OF the body would
probably be held the night Of Feb
ruaTy II in the auditorium Of the
Cosmos club.
According to Mr.. Larner. tenta-
tive plans have been made for
Social affair rather than business
However, current topics coming be-
fore the association will be dis
cussed and dealt with accordingly,
and it is also understood that a
speaker of prominence will be pro-
cured for the evening.
Local Securities.
Trading on the Washington Stock
Exchange. while quite active. lost
some of its recent firmness yester-
day. Particularly is this true OF
Capital Traction stock which sold
at 9jt. and 95at in restricted
volume. Washington Railway and
Electric common was or to 3s.
with the preferred firm at Sc. A
small sale of Lanston was recorded
1t -. McrEenthaler score a further
rise to 13S in trading aggregating
50 shares.
Washington Gas 7is per cen,
h"nds held firm at 1O5 y. Potomac
Electric general mortgage and re-
funding ~ likcyise displayed
strength, holding at IO5.
Call loans ruled at 6 per cent
asked with per cent bid.
Personal.
Thomas Grant. local vice pres,-
dent of the Fidelity and Deposit
company of Maryland. returned to
Washington after a two-day con-
vention at the home office in Balrr-
more.
George \. Harris, general man
ager of the Cleveland Discount
company here. and seven statesmen
and Virginia, are attending the
home coming celebration of the par
cnt organizatio min Cleveland.