Evening star., 1922-10-26
TRACTION EARNINGS
!. SHOW A DECREASE.
September Net $4,000 Less
Than Same Month, 1921.
Locals Slow.
by 1. A. FLEMING.

Net income for the month OF Sep
tember for the Capital Traction Com
pany was ss7,3Ss.10. approximately
$4,000 less than the earnings for the
,month of September. 1921. when the
net was Sl01.1i5.47
The rate of fare at that time was
a fraction of cent higher then than
now.
The decrease in net income is also
effected in the gross revenue from
Transportation. which for September.
1921. was S+l1.259.S7. as compared
with $3S5.S26.6I for the same month OF
this year. The decrease is $25,433 in
gross revenue from transportation.
Money Relatively Easy.
While it was generally expected
that the heavy Withdrawals of cash
Cor investment in the new Az Treas
ury bonds. and through the calls FOR
payments on account of the same is-
sue would result in stiffening the
rates for money. the continued trend
Is toward even more reasonable rates.
Much cash that was withdrawn for
investment in Treasury bonds was
unemployed by reason of the heavy
scaling of subscriptions and this has
had the effect Of keeping rates rea-
terms is not wanted. although the
ninety days demand is brisk around
~ per cent. Call money is holding
around IA and ~ per cent.
Merge Tuesday Next.
On Monday next shareholders OF
the American National Bank and OF
the Federal National Bank will give
their approval to the merger OF the
two institutions.
After the close of business on
Tuesday the directors will meet and
elect officers. and on Wednesday
morning. November I, the Federal
\merican National Bank will open
'or business in the present home of
the American National.
ION Tuesday evening the assets OF
he Federal National Bank will be
moved over to the American National
iank building aud lodged in the vault
there.
Then will come the interchange
of stock of the two banks for the
shares OF the merged banks and the
merge will be complete. Stationery.
etc, is ready now for the opening
of business.
Locni stocks Neglected.
The market for local stocks and
bonds was practically neglected to-
day. The weakness in New York may
have been partially responsible. al
though the bid prices throughout the
local list did not indicate anything
like real weakness.
The utility shares were practically
nominal. the quotations being lOl bid.
102 asked for Capital Traction: So bid
and 5JIa asked for Railway common
and a paid for thirty shares of Rail-
ay preferred. which. with $500 Gas
~ per cent at 104A. completed the
record for the session.
Mergenthaler was offered at 173,
with 1S9 bid
There were no changes in the bank
bid and offered quotations of ma
terial Importance.
IxardOs & Burke.
Schedules have been filed in the
federal district court of New York
in the bankruptcy proceedings of
kardus x Burke, stock brokers. 81
broadway. Liabilities are placed at
s2,156 96l and assets $25S,076. In
Guided in the assets are 200 shares of
Island Oil, 20 shares of Continental
candy. j shares of Westinghouse
Electric and Manufacturing Company.
30 shares of Central Leather prefer
I'd and 40 shares of American Smelt-
;hg and Refining preferred. Ross &
kaufmann are the attorneys for the
petitioners