Evening star., 1922-12-26
PEPC0ANDW. R. &E..
SHOW NET LOSSES
Riggs National to Open New
Uptown Home-LocaI
Financial News.

The Washington Railway and
Electric Company today submitted to
the Utilities Commission reports for
itself and subsidiary companies for
November operations, as follows:
Net income-Washington Railway
and Electric Company. 3161.179.31:
City and Suburban. s17.479.13;
Georgetown and Tenleytown. deficit
Of u.4so; Washington Interurban,
deficit of s1,ss2.S3.
Net income for November. 1921
Washington Railway and Electric
Company, $243.5os.l City and Subur-
ban. S2.736.22: Georgetown and Ten
leytown. deficit of s2.2s4s1, and
Washington Interurban, dehcit OF
$S66.05.
The Potomac Electric Power Com
pany reported net income for last
month of &99. 9.0s8.71, as compared with
S107.01423 for November. 1921. Last
month the power company placed
sos. .609.10 in the escrow fund repre-
senting the difference between the
amount consumers are required TO
pay-pending disposition of litiea-
tion--and the amount the commits
sion has ruled the company may keep.
January has been decided upon as
the official opening day for the new
quarters OF the Riggs National Bank,
14th street and Park road northwest,
after months of preparation and the
completion of one of the most costly
improvements on that busy thorough
fare.
In the meantime the banf. housed
with the post office in that section,
nrnSnaritv And
promises TO become great FACTOR In
that uptown section.
The improvements will cost about
$500. 900, and in addition to the hank
buildings will open number of new
stores OF the most desirable character
on either side of the bank home.
Indications of success confirm the
Judgment of the Riggs Nationals dn-
direcO acquisition of the Hamilton
Bank.
Local Securities.
The lo cal security market waits the
coming of the investors with their
blocks CT cash and checks from divi-
dend and interest disbursements in
cident t. January J.
The market is slow, with no par
ticular activity in anything, but with
an undertone of strength.
Capital Traction, 1929 bid. l03
asked. eX-dividend; Railway common.
81 /. bid. 6S"4 asked; Halfway pre-
ferred held at 76, with 743s bid.
Wash ngton Gas led in activity at
59i.. Ffremen's Insurance. l71e. and
W ashington Market, 40.
Traction 5s, 36t to sSs; Railway
As, 73h.
Dividends Declared.
The board of directors OF the WASH
ington Mechanics Savings have de-
clared the quarterly dividend of 4
per cent payable January = to share
holders of record December 81.
Directors of the Citizens Savings
Bank have declared semiannual
dividend of 3 per cent. payable De-
cember 30.
Ferdinand Petit. cashier OF the in
savings fund this year will be much
tributes To the policy of most of the
banks in meeting the demands of de-
poSitors for per cent interest on
these partial payments. Employees OF
the institution received liberal
bonus on their annual salaries.
Around the Banks.
Business today was of a semi-holi-
day character. customary during mid :
holidays. The let-up was satisfac-
tory to the employees. who have been
and will be busy in a few days again.
Many dividend and interest checks
are being sent out now. and will be
pouring into the banks within the
next week.
Banks have held their deposits on
the average much better than might
have been expected considering the