Evening star., 1923-11-27
v. R. &E. OCTOBER
NET TEARN|NGS UP
Gain of $8,727 Over Same
Month Last Year-Tradinu
on Exchange Notes.

A net gain of sS.727 in income =.
the Washington Railway and Electric
Company was reported for the month
of October, company officials an
nounced this morning. However. this
! brings the earnings for the month "a
but s6,51s. inasmueh az a deficit =.
s2,2os was reported for the CORE.
spending period OF last year
Operating revenues of the carrier
for the month amounted to s412457
loss of s12.s34 over last year. while
operating expenses were $34s,262. or
s22,61s less than Tor the same month
Of last year. deductions totaled
s66.327
FOR the ten-nlsonth period of this
year the company has enjoyed a net
income of s594,9f4. which is SIS 050
IN arrears of the amount reported
LOT The corresponding period of last
!ear. A slump in operating rev.
| enues, equivalent to the approximate
uinnerence, is mainly responsible
On the other hand, net income of
potn The City alhd Suburban and the
georgetown and Tenleytown lines
slumped during the month The for
ner shows a net income of sS.979. as
against s21.T33 hast year. and the lar.
=
against loss pf s1,242 for Octoher.
tSLs' But the) formers income for
Lne ten-rnontif period amounts II
~ sl4.so5. as against only s77.es2 for
the CORE Tpondfng period of last YEA
WnIie tne iattfr mas run up a deficit
OF Szl'o3I thlst year to date, compa req
"tth loss bf S1S.S06 last year
North American Earnings.
The North American Company and
subsidiaries ! consolidated income
statement for the twelve months end
eo OCTOBER II last shows an increase
over year Ego of Ais per cent in
gross and 4S.o per cent in balance
oefore depreciation and dividends
Ihis balance is equal 10 s39s8 per
share of preferred stock and IS 66 n.-
share of common stock
For. the single month OF October.
increase in earnings was sufficient 70
| maintain the full years earnings per
share reported for the period end!
September 81. on the 6o,S5l additioaa.
shares of common stock issued q,
october |. in payment of the quar-
terly dividend. This increase during
| and 1885 a30i balance.
The electFic output of 2,6s0.7i9isf
kilowatt hours is an increase Of 81
per cent over the previous year
ID. and o. October Income.
Net railway operating income =
the bd bdltlnog6 ana ONO Railroad Con-
pany during October amounted to So.
o24.945. an increase of S943,7gS over
October. 19p2. An increase Of more
than SS.0o0,000 in freight revenues
responsible for the gain, the report
shows.
For the lten-nonth period ending
with October. the company boasts a
net operating income Of s31. .s57.s3a.
ten-month period Of last yesr Dur
ing the year to date freight reyep-Js
shows d gain of s53,066, AL
Will Address Young Bankers
"Promissory Notes ard Discounts
is the subject on which Francis G
Addison, it,, will discourse at to-
nights meeting of the elementary
class of Washington Chapter. Ameri-
can Institute OF Banking, while Ray
mond B. DiGkey will address the Law
class tomorr ,ow night on Transfer OF
Stock"
1t was announced the new credits
course, will be dispensed with until
December -.
Local Exchange Trading.
Prices we're firm on the local stock
exchange today Washington Gas
Light stock sold at IS. and fraction
ally above,t and Railway preferred
gave evideny yEes of its former strength
at 71s3 and IFS.
Trading in bonds was restricted 70
popular ISSUES. Railway As brought
69 and PepSo consolidated 5s sold a.
S1L. Capital Traction 5s were strong
at 81, as we're Gas 6s. al par.