The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-24
TRANSIT COMPANY
REPORTS DEFICIT
FOR PAST YEAR
Loss of $5,O24.24 Incurred
During First 6 Weeks,
Is Belief.
OTHER LOCAL NOTES
ID. c. Trading DullEMellOn
Undecided on February
Treasury Issue.

That the Washington Rapid
Transit Company Is rapidly coming
into its own as a public utility is
readily evidenced by the annual re-
port of the company, just received
by the Public Utilities Commission.
While a deficit of s5.024.24 is shown
for the partial years operation
Urom March. 1921. to January l,
S22), there are several factors en-
NRing into the situation which tend
to belle first Impressions of the
financial status of the company.
Quite naturally. as is the case IN
very business venture, during the
first several months of the COM
pany's operations a steady deficit
was reported, month by month.
sometimes running into several
thousand dollars. Toward the end
of the past summer, and in each
succeeding month. the monthly re-
port showed favorable gains. the
closing months of the year averaG-
iaS about $500 proft. Officials Of
the company declare the total years
deficit was incurred during the first
six weeks of operations.
In the annual report total depre.
citation for the year is set at s16,-
54OO.91. which would appear to be
decidedly ample.
Total operating revenues for the
year amounted to s115.919.04, with
operating expenses totalinG S1lS,-
297.s9. The total incorporating in
| come amounted to S36S.16, leaving a
deficit of se,O1O.67. Total deduc-
tons aggregated s3,o1S.57.
| On December 81 total assets of
the company aggregated s1s9.661.5T.
FAII NJ nj
and equipment. S69.453.51; current
assets. s23.4SS.63; deferred assets
and unadIusted debts. s11,6s5.19.
and intangible asets. 100000. Liza
bilitics are listed as follows: Capt.
tai stock paid in. s1o4,SsO; current
| liabilities, S4s,26O.43, and reserves.
S1.521.14.
Total stockholders of record on
| December 81 were 127.
Local Securities.
Trading on the Washington Stock
Exchange was decidedly dull yes
| terday. Capital Traction stock was
traded in to the extent of 40 shares
at 96Iz. with Washington Gas
shares traded in in restricted
amounts at so. Washington Rail-
way general IS sold to an aggre-
gate of $4,000 at 961s. Continental
thrust Company stock slumped of
10 s5 for 10 shares after an initial
sale of . shares at IS.
Undecided ON Treasury Issue.
At his regular conference given
/ to the press. Secretary Mellon yes
| terday. stated that he is. at pres
emit. undecided as to whether there
| will be a new offering as of Feb
ruary l.
Wolfe to Address Credit Men.
A. ]. Wolfe, chief o fthe CONNER
cial law division, Bureau of For
eign and Domestic Commerce. will
address the Washington Association
Of Credit Men at their weekly noon
day luncheon today at the new City
Club. the permanent meeting place
in the future of the organization.
Mr. Wolfe will take as his subject
recollection Troubles in Foreign
countries"
4. i. ID. Lectures.
Joshua Evans. jr., vice president
of the Riggs National Bank, will
RIecture before the elementary class
of the Washington Chapter, Ameri-
Lean Institute of Banking. tonight,
when he will take as his theme
Bank Statements" The talk VIII
hoover "analysis-liabilities and book
Ralue of stocks"
On Thursday night II. b. Dickey
will address the advanced class on
'InsoIvency and Bankruptcy.
Returns from Pittsburgh.
Eugene L. Thompson. president
Of Crane, Paris and Company, has
returned to the city from Pitts
RburCh. after attending the quarter
Nv meeting of the board of govern
Sors Of the Investment Bankers As
sociation.