Evening star. [volume] (Washington, D.C.) 1854-1972, 1922-03-24
TRACTION FACTS
ARE GIVEN OUT
Pamphlet Report of Capital
Company for 1921 Is
Full of Meat.
BY 1. A. FLEMING.

The pamphlet report of the Capital
Traction covering the operations of
the calendar year 1921 has just been
mailed to the shareholders
The facts as to the years returns
and operating expenses were given
to the public at the time Of the an
nual meeting Of the Shareholders
The report Of the board of directors
or the company to the shareholders
covers in detail every feature of the
operation and financing Of the cor
poration.
The funded debt of the company
has not been changed during the year,
, 100000. maturing in 1947, of per
| cent bonds being the total, but Of this
| amount 100000 is held in the treas
ury OF the company and $4,000 have
been purchased and are held in the
fire insurance reserve fund.
Capital expenditures during the
year we're $35l.741. after allowing
for equipment sold. Taxes amounted
to s5?3.51359. Accruals for taxes
| were made monthly IN the basis of
, actual revenues each month
| Deprecis ton charges We're $685.
l29. and the reserve at the end of the
year $1.l91.220, compared with $685.
oO4 for the previous year The re-
| serve consists of the following:
| United states certificates of indebt-
| eaness. $4,000; liberty bonds. s5;0.-
600: cash in banks. $54.55S. and loaned
| to capital account, $463,552
The directors have net changed their
views on the merger proposition. still
standing by their expressed opinions
as of 1920 regarding this poin:.
Percentage Of trainmen having more
taan a years experience with the
n con can SS' 1ss as compared with 7'.5
New track was built to the extent
Of $40 miles.
Claim payments totaled s1.e,s27.e7.
Net income of the company in
creased $S5.631 and gross s93,62s.
me net income for the year was 81
l05.2i7.
Gas Features Session.
Washington Gas featured today's
session of the local stock market.
62A and 52h. Railway common
brought S7& to 37S.
Elect New Directors,
Atwood NJ. Fisher, treasurer of the
washington Railway and Electric
Company, and Leon S. Ulman, vice
president of the Holmes Baking Com
pany. have been elected directors of
TIC National BANK.
The directors Of the District Bank
yesterday declared the regular quar-
terry dividend Of per cent, PAYABLE
March to shareholders Of record
March 81.
Lirc..o.s of the United States Saw
ings Bdpk have declared the regular
quarterly dividend Of per cent, paw
able April II.
Operating at Il Per Cent.
wi
Is now operating on a II per cent
basis.
Financial Notes.
The Wall Street journal predicts a
receivership for Germany
Stock exchange seats are selling in
New York at $4,000.
washington Stock Exchange dinner
on April l, at the New Willard, is
scheduled for the event of the sea-
son.
Regular dividends on Pittsburgh
Coal, common and preferred.
Business in bonds on the New York
exchange dropped from an aggregate
Of $11.456.000 on Tuesday to $500
600 on Thursday-not including
transactions in liberties, where a So
100000 drop in sales was reported.
Federal reserve banks ratio Of re-
serve. S67 per cent, as compared with
IS per cent March Is. Richmond bank
is low, with SO per cent; Kansas City.
So. and Dallas. 65 per cent; other
banks are all over 20 per cent in
reserves.
Clearings of New York. Chicago.
Boston and Philadelphia all show ed
handsome gains as compared with
the corresponding day last year.
Business is improving. Carloadins
Is being we'll maintained.
Treasury deficit for the fiscal year
will be about 250,000,000. as the tax
returns are showing serious de-
creases.
Richmond allotment on Az Treas
! ury notes dated March Is. S13,252, 200.