Evening star., 1924-11-14
TRANSIT COMPANY
EARNINGS IMPROVE
Bus Line Nets s3,948 in
Month of 0ctober-LoCaI
Exchange Quiet.
BY CHAS. p. SHAEFEER.

IL I'll II
The Washington Rapid Transit 60,
netted a corporate income of $3.94S.39
in October. 1924, the Public Utilities
Commission reported this morning,
In the previous month a deficit q
sl,Sl3.98 was incurred for the months
operations
The Summer months, which include
the popular vacation period. are,
without exception, the worst revenue4
producing periods. Government work.
ers, who constitute the bulk Of tha
bus company's clentelefi receive
months vacation. usually taken DUR
ing this period. and many others,
taking advantage of the cool morn-
ings and pleasant afternoons. scorn
vehicular accommodations. All this
keeps transportation companies oper-
attns AT the minimum during this
period.
used 36 busses, operating total II
1910 live miles They carried :
total Of 1882 10-ccnt passengers aud
26O,765 paying the rate Of ls cents
In the previous month, operating tia
same number of busses over the cN.
act live mileage only 274.652 pas
sengers availed them elves Of its ~
commodation, consisting of 1889 =
the s Sla-Ceut rate.
"pEI tliS ItNtlsdsS OF 'NF comp PdtFJ
in October amounted to $29.422 a
with expenses totaling S"5.f3z5@.
Lanston Dividend Voted.
Directors of the Lanston Nonotvpa
Co. have declared the regular quar-
terly dividend OF ~ per cent OH ths
capital stock Of the company, pay.
d BILE on December -.
Bankers to Elect Officers.
The annual Fall meeting Of th4
Southeastern group of the Inyest4
ment Bankers Association will be held
on December at the Merchants Clua
in Baltimore. Officers Of the divisiou
will be elected for the ensuing wear
These include new chairman, secra-
tary- treasurer and members of the
executive committee.
The business meeting will be fol.
lowed by an annual dinner. to ht
held on December at the Southern
Hotel Speakers will be announced
later.
Seeks Financing Rights.
The Chicago and Northwestern
Railway today applied to the Iuter-
state Commerce Commission for au-
thority to procure the authentjcatiuE
and delivery Of s1,904. 900 OF 5 pei
cent first and refunding mortgaEs
gold bonds. with which to refund the
first mortgage bonds of the Minne-
sota-Iowa Railway Company which
matured June l, 1924.
The carrier also asked permission
to procure the authorization and de-
livery of S1,656,00 of > per ceai
general mortgage gold bonds. WITH
which to reimburse it's treasury for
funds expended TO retire certain g.
listing bonds.
Election Results Summed.
without claiming any expertness =
political forccasting, the Brookri-9
Economic Service has drawn UP
summary of the developments tn a.
stand out from the election results and
it's deductions therefrom. The sun.
mary follows:
!. The genuinesly radical vote-that
is. the vote which believes in rev0.
luton rather than evolution-in ths
United States is so small as to proIn'
ise stable governmental policies fl
many years TO come.
2 The amazingly small radical
vote, together with a little gain il
party ajority, will probably give
President Coolidge sufficient support
in Congress. so that party controi
will be substituted for bloc control.
! 3. This may not result in positively
| beneficial legislation, but in view .!
| President Coolidges character and
| policies should certainly result in
| freedom from decidedly harmful les
islation.
| 4. Although the election aCair
commits the United States TO a posi-.
ton opposed to the League of NJ.
tions, IL acts as an Endorsement of
| the Dawes plan and of economic y. ],
| ticipation in European recoHstr,
! tion.
| Trading on Local Board.
| Price levels We're unchanged !.
| the local Stock Exchange today i'll :
| session where volume suffered -
compared with previous periods.
| Lanston Monotype scored a fra1.
tional gain to 79S4 on sales of II
shares, and Washington Railway and
| Electric preferred sold ex-dfvidend
at 7Sas. Gas was weaker at ths
opening. but later recovered TO q
its ruling level. Capital Tractt3l
was unchanged at 93i2.
| Bonds were firm.
nF0IInITIE0 nnl0TH