Evening star., 1923-06-25
TRACTION
REPORTS EARNINGS
May Figures Pass Previous
Month-Bankers Home.
Two New Cashiers.

The net income of the Capital Trac-
tion Company for operations during
month of May amounted to S113,5S4.
the Public Utilities Commission re-
ported this morning This sum rep
resents a slight shrinkage over the
corresponding period last year, when
$124,551 was reported, but is in ex-
cess of April, 1929. when $10S.s14 was
earned.
A perusaI Of the earnings state
ment shows a falling off in pas
sengers carried to be entirely re-
sponsible for the loss as compared
with May. 1922. Revenue passen-
gers carried during last month
totaled but 6,31S.244. as against g.,
47s.229 the earlier period. which is
decrease of 15s,9S5 passengers. or
2.5 per cent.
Total operating revenue for the
carrier during the period in question
aggregated s4!S.6Sl: with expenses
amounting to $266,974. The sum of
s40.173 was deducted for taxes as
signable to railway operations, and
miscellaneous deductions totaled $25,-
444.
Two New Bank Cashiers.
Two new cashiers are making their
debut In District banking circles.
Henry c. Book has Joined the Inter
national Exchange Bank in this ca
pacity and James S. Montgomery, jr.,
has taken a similar position with
the Guaranty Savings.
Mr.. Book is well known to the local
banking fraternity, having aided
former bank examiner Gordon Finney
for number of years, and was later
cashier of the Citizens National Bank
or Alexandria. While comparatively
young, he is considered well versed
| in every function of banking, having
gained his first banking experience
with Riggs National, which he served
from 1912 to 1918.
Mr.. Montgomery comes to the Guar
anty from the Peoples Commercial
and Savings Bank, who, in turn, Sc
cured him from the Minneapolis
| Trust Company. He, too, is qualified
having fifteen years experience in
banks.
The International Exchange now
$4,000, while the Guaranty. one Of
| the newest local banks, has $4,000
Bank Meeting Great Success.
The District banking fraternity re-
sumed its normal trend this morning.
which was interrupted, and almost
suspended, last week while the annual
convention was being held at Hot
Springs, Va.
The delegation arrived in Washing
ton shortly after o'clock this morn
ing. and the majority repaired imme-
diately to their respective places of
business. 1t is the unanimous opinion
that the convention just closed marked
| the peak of success.
The various committee chairmen
who so admirably handled the affair
came in for their full share of praise
the work of Fernand Petit, who han
| died hotels and transportation; W. w
Spafd, who provided the entertain
ment, and Robert V. Fleming, who ar
ranged the program, being especially
noteworthy.
A place for next years meeting has
not yet been decided upon.
New SI,OOO,O00 Bond Issue.
s. w. Straus & Co. have purchased
and are offering an issue of 81 800, 900
nrst mortgage graduated coupon
bonds of the Canadian Property Com
Of Canada. The bonds mature in two
| to twenty years, bearing 61a per cent
interest during the first seven years,
! 6A per cent during the next seven
years and per cent during the last
This is the first graduated coupon
bond issue to be purchased and offered
by s. W. Straus & Co. The pur-
pose of the financing is to release
funds Of the Home Bank of Canada
now tied up in fixed assets in order to
meet the demand for increased business.
w. r.. & Z. Stock Strong.
Strength of common stock of the
/ Washington Railway and Electric Com
pany. offset by reverse tendencies on the
part Of Lanston Monotype, featured to-
| day's trade on. the Washington exchange.
| The former was traded in to the eX-
1 tent of twenty shares, opening at 72A,
| advancing to 72%. while the latter had
limited sales at rs Il. Riggs Bank shares
! changed hands at 6495s.
| The session was unusually dull, trades
| being restricted to the minimum.