Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-12-13
TRANSIT COMPANY
EARNINGS IMPROVE
Decrease in Operating Costs
Big Factor in Report
for November.
BY CHAs. p. sHAEFFER.

Despite a 5000 live mileage de-
crease and a loss of 1921 In revenue
passengers, the Washington Rapid
Transit Company reported a gain
or more than $1,000 for Novembers
operations as compared with the
previous month, according to report
made public this morning by the
Public Utilities Commission.
The net corporate income of the
iine amounted to s5,062.53 in Novem-
Der, while a net of but S3,s4s39 is
shown for the previous month.
Inc utility carried a total of 3l9,SS6
revenue passengers in the month.
consisting of 67.S65 at the rate of 10
cents the remainder paying a charge
oi cents. Thirty-six buses were
operated, this figure showing no
change from previous months of this
year. I'M"
a decrease of about $1,000 in trans
portatlon revenues was offset nv
more than $4,000 decrease in operst-
ing expenses. This decrease was
caused mainly by a pairing of $500
IN vehicle operation and a saving of
more than $1,000 in maintenance
material anu
"A slight increase in bus fares will
De effective on February l. at the
rate or tokens for As cents, or
straight fare of 10 cents. The pres
emu rare Is 10 cents straight or three
tokens for 25 cents.
business Gains Steadily.
Allowing for the IulI that ALWAYS
prevails in some lines at this sea
son, there has been no check TO the
ADVANCE In business, r. G. Dun G. Co
| finds.
Continuing progress as shown by
most reports, and there are expecta
tlons of further gains to come in pri-
mary channels in the new year after
the passing of holiday influences.
Christmas retail trade has developed
well In many places, giving proof of
large public buying power, and it
was quickened this week by colder
weather with snowfall in some sec
lions.
The most interesting movements
however, were found to be occurring
| In the big manufacturing industries,
where a substantial recovery from
previous depressed conditions is un-
der way. Convincing evidence of this
fact has already been given by Stats
Tics or production and the statement
OF unified steel orders. showing a
monthly increase of more than half a
million tons has been added TO the
| favorable features.
Banker Wins Trophy.
The silver reserve of the Federal
American National Bank has been
augmented by the Birney trophy, won
yesterday by Wilmer J. Waller, vice
president of the institution. at the
Washington Golf and Country Club.
A replica Of the treasure will repose
in the banks vaults, it was said this
morning.
Mr.. Weller refused to discuss for
publication" the prize winning score
which totaled 207 for So holes
RAILWAY Equipment Orders.
Orders for railway equipment this
week aggregated about $500, 900, ac-
cording to Railway Age, and includ-
ed 49 locomotives, 1874 freight cars
and 81 passenger cars.
Trading ON Local Exchange.
Activity in the miscellaneous
group and decrease of "a points in
stock of the Capital Traction Com
pany featured today's local market.
Lanston Monotype sold to the ex-
tent Of 60 shares at rs, while Mer-
genthaler sold to an aggregate of 46
shares at the years high, 17O1b.
Traction was off to 9115.
Gas was firm at ssh and 53A, and
National Mortgage and Investment
preferred sold at the years high, 911.
Railway preferred was unchanged at
7SK.
Ten shares Of Chaplin Sacks s per
cent preferred sold in the unlisted
market at 95.