Evening star., 1924-12-17
TRACTION NET LESS;
CASH FARES SLUMP
Decrease of 277,915 Pas
sengerS Lowers Carriers
Income $4,000.
BY CHAs. p. sHAEFFER.

A slump of .277.s15 revenue passen-
gers representing 5.04 per cent.
orought the net operating income of
the capital Traction down to s71.223
IN november, 1924, loss OF more that
$4,000 over the corresponding month
OF laSt year Statement OF earnings
Ior the month was fled with the
Public Utilities Commission this
morning
revenue passengers carried during
the month totaled 5.252.Ss6, as COM
pared with 5,520,501 for the same
month of last year
Iotal revenue from all sources aE-
gregated S37l.339, as against $3S9, $50
in November of last year. Railway
operating expenses. however. declined
hominaily, S244,450 and S245,9 re-
spectlVely Deductions amounted to
Szo.l59 this November, as compared
with $25.4s7 year ago.
FOR the eleven months of 1924 net
expenditures for road and equipment
amounted to S13s.3o4, the company re-
ported.
Slated for Controller.
Inc nomination of J. w Mcintosh.
deputy controller Of the currency. to
succeed to the controIlership met
win general approval In local
financial circles
Is lengthy and varied. He began a
banking career with the Farmers
state Bank of Eustis, Nebr., while his
second connection was with the Citi-
zens' Bank of Macomb. He later be-
came head of a department of Armour
& Co, In Chicago, resigning this DO
sitlon IN 1905 to act as receiver Of
the western Stoneware Co. of Mon
mouth. Ill. In 1902 he became vice
president and treasurer of this com
pany. which he resigned to enter the
Army in 1917. Following cessation OF
hostilities. he was appointed director
of finance of the Emergency Fleet
Corporation, remaining in this post
until May %, 1923, when he was ap-
pointed a deputy TO the controller
He was born December %. 1873
1t is agreed by Interested parties
that his apprenticeship, familiarizins
him with all the major problems con-
fronting his office, will stand him in
good stead
Linotype at New High.
Stock Of the Mergenthaler Linotype
Co. established a new high for the
year on the Washington Stock Ex-
change this morning when 20 shares
sold at 1705s. The previous record
was 170h. reached last week. The
years movements have been made in
a range of 1875 points. Isl being the
lowest figure paid for the issue on
the Washington board. Edward J.
McQuade. local director of the com
pany, returning from New York TODAY
after attending a directors meeting,
gave out the information that earn
ings for October and November. the
nrst two months of the fiscal year.
approXimated those for the CORE
spending months of last year
was. again unusually active, a total
of 12o shares advancing the level
half point for the day. closing at
761z. Railway preferred was easier.
with an odd lot sale at 7sx, and
National Mortgage and Investment
preferred sold off to 93s after open
ing an eighth higher. Capital Trac-
tion was unchanged at s1A as was,
Gas stock at 53A
shares of Departmental Bank stock
sold at s.
Locomotives Needing Repafrx.
Locomotives in need of repairs on De
cember l totaled 1854. IS per cent Of
the number on line. and a decrease Of
6S under November Is. the American
Railway Association reports
Class l railroads had 1904 sery-
lceable locomotives in storage an IN
crease of Sc. In the last half Of No
vember 36.148 locomotives were repaired
and turned out of shop. an increase OF
72S compared with the first half of No
vember.
Second Dividend Due.
The Watchdog Corporation will dis
burse' its second semi-annuaI dividend
at the rate Of per cent per annum on
outstanding preferred stock of record
December 90 on January l. The divi-
dend will aggregate about $500. The
corporation Is a local concern.