Evening star., 1924-06-20
CAPITAL TRACTION
EARNINGS SLUMP
Company Reports Net Income for
May $77,257, Against Over
$4,000 in April.
BANKS VOTE DIVIDENDS
Local Exchange Active-Prices of
Unlisted Securities.
BY CHAs. p. sHAEFFER.

Earnings of the Capital Traction
Company slumped to an appreciable
extent during May, the report for the
periods operations filed with the Pub
lie Utilities Commission this morn
ing showing d net income of but
STI257. This figure compares with
s94,S37, representing the company's
net in April, 1924, and with s1l3.584
earned in the corresponding month
of last year.
Operating revenues for May
amounted to s40S,690, with expenses
totaling S271,S53 Total deductions
aggregated s25,733 and taxes assign
apie TO railway operations amounted
to S34 42I3.
1t is seen from the report that d
| huge decrease in revenue passengers
was responsible for the comparafiya
loss. In May, 1924, total Of ). 10
7SI We're carried, as against 6,3l9,2i4
IN the same month of iaSt year a de-
crease OF e.6O per cent. 1t was eA-
piaIned this was caused, no doubt, by
the prolonged spells Of RAINY
weather, which curtailed traffic, to Il
great extent, in trips to and from
the various business districts.
The bus line of the company suf-
fered a deficit of $269l for the
months operations. reporting operat-
ing revenues OF $4,46I and expenses
OF $6,947.
Sues Company for 81 900
Robert h. Williams, local stock
and bond salesman, today tiled suit
in Municipal Court against Our Home
Life Insurance Company of Florida.
maintaining offices here in the
Commercial National Bank building,
and its president, Clifford K. Allen.
for recovery Of $1,000 alleged to be
due as commissions in stock sales.
MIR. Williams was aiding the com
pany in StoCk-Seiling CampaI2n 10
| enable the company to meet capital
ization requirements in certain states.
Local Banks Vote Dividends.
The Security Savings and CONNER
cial Bank has declared its regular
quarterly dividend of 3 per cent and
an extra OF l per cent. payable June
80 to stockholders of record al the
close of business June 25
Directors of the American Security
and Trust Company have declared the
usual quarterly dividend of per cent
| and an extra of l per cent. payable
July 10 to stockholders Of record
June 80.
The International Bank has de-
clared a semi-annual dividend Of s.
per share, payable on July . TO stock
| Oh record July l.
The last dividend, disbursed in
January. consisted of s. d share II
| cash and So in stock
Will Handle Bond Issue.
| Crane, Paris & Co, The National
| City Company and Harris, Forbes d
Co., Will handle the new issue OF
S2,496,00O of ten-year . per cent mort
gage bonds of the Washington Rail
way and Electric Company.
1t is expected the offering will be
made on Tuesday of next week.
Bank President Plans Tour.
Maurice Otterback, president of the
Anacostia Bank, with Mrs. Otterback,
will leave next Tuesday for a few
weeks vacation to be spent in Cali
fornia and oregon.
stock Exchange Active.
Increased activity in the stock list
featured on the local exchange this
morning Mergenthaler sold TO the
extent of sixty shares, scoring half
point advance to l56 y, while Lanston
remained unchanged at l2l2. Contl-
mental Trust Company was firmer at
Sc. and Washington Mechanics SAY
ings Bank broke into the sale COZ
umn after some months of inactivity,
| forty-one shares selling at 80.
| Bonds were quiet and unchanged
Unlisted Securities Prices
The following latest bid ana
| asked prices for unlisted Securl-
ties is quoted for the guidance OF
! holders OF these issues:
R0SDS