Evening star., 1924-05-23
CAPITAL TRACTION
net INCOME LOWER
Drop of Approximately $4,000 in
Earnings Is Reported for
April, 1924.
GAIN OVER MARCH Is SHOWN
c. & P. Telephone Company Re
ports Increase in Receipts.
BY CHAs. p. SHAEFFER

| Inc Cap1tal Traction Company re-
ports loss of approximately $4,000
4 for April, 1924, the net operating in
Ncome Of se4.s37 for this period com
v.aring with s118,s13 for the CORE
Eonding month of last year. A
In of about $4,000, however, is
sh, VAN over the $S6,276 earned in
Ma, vta Of this year
Ra S@ay operating revenues de-
clineot. from $416,56s last year to
s4os, s,oo1 in the month in question.
while eN 7enses rose from s250,507 to
sa56,547, ,these items being primary
factors In the decreased net.
Taxes ASA enable to railway opera
tions amoun ted to S36,731, with de
ductions totA ling s25,ss7. The non
operating inca me for the month to-
tailed s6,104
Revenue pasa myers myers carried carried durine
to 5,766,9S7.
G. & p. Phone. Company Gains.
A gain of appro imately $1,000 for
April, 1924. operati,n rs was reported to
the Public Utilitiee .nn commission Is by
the Chesapeake and y 'tomac Telephone
dpn e9nPaaH amoaned shls eo set eo G2r
pared with s117.115 Tor the same
LOT March, 1874. =,
', Operating revenues GOV tinue tbs at atot.s the
amounting to S499,137 On arating ex-
penses totaled s3si,4ss. VITA taxes as
slgnable to operations IA uncol-
lectible aggregating s38,s83.
Net additions for the fs 81 TOUR
months of the year were 81 ven as
$464,673.
Assistant Cashier Elected
James A. Soper was elected >a an
tional Bank at the regular meeting. OF
the board yesterday.
Mr.. Soper has been connected wit 1
the institution for the last twelv,
most popular and efficient young me1,
in the local banking fraternity. He,
has been active in the Washington
Chapter, American Institute of Bank
ing, having held the Office of chief
consul and as member of various
committees.
Speakers for Bankers Meeting.
Under Secretary of the Treasury
Garrard B. winston, George J. Seay.
governor of the Federal Reserve
Bank of Richmond; and George, E.
tional City Bank of New York, are
announced as guest speakers at the
annual convention of the District of
Columbia Bankers Association.
Pleas Filed with 1. C. c.
Permission nominally to issue $500,
900 of per cent refundins and general
mortgage bonds was asked of the Inter
state Commerce Commission today by
the Baltimore and Ohio railroad, to be
pledged from time to time as collateral
security for short-term loans. Author
ity also was asked to issue bonds Of
certain subsidiary companies, to be
pledged as further security under the re-
funding and general mortgage.
The Missouri Pacific railroad applied
for npTmigSiOn TO acnIliYR control of The
New Orleans. Texas and Mexico rail-
road through purchase Of $4,000 shares
of its capital stock.
Permission also was asked to issue
$1s,000.000 of joint Missouri Pacific and
New Orleans, Texas and Mexico per
cent collateral fifteen-year gold notes.
Receivers Lost Ground.
Washington Railway and Electric
preferred stock recovered some Of
its recent lost ground, sales of 1873
shares in this morning session result
ing in an advance of from " to I2l:
in price. Lanston Montotype likewise
advanced to 72k, but Washington
Gas Light was weak and unchanged
at 48. Mergenthaler sold at 153 and
153h.
Capital Traction 5s were in good
demand at 81, and Railway As sold
at 72R.
Record of Fire Losses In U. $.
Fire losses in the United States
1870 were SIedlcI any
previous year since the San Fran
cisco catastrophe in 1906, according
to figures made public yesterday at
the annual meeting of National Board
of Fire Underwriters at the Waldorf
Astoria. The loss is estimated at
$5oS,000.000.
Harry A. Smith. president of the
board, declared that despite this the
insurance rates have declined from
$1.03 in 1914 to 80 cents in 1923.
President Smith said that investi-
cation showed IS per cent of the fires
to be preventable. A course in fire
protection may be started soon in the
New York University, it was an
nounced.
The committee on incendiaries and
arson reported they had Investigated
s42 suspicious fires during the year.
These Investigations resulted in the
arrest of 412 persons on charges of
arson. OF these 1913 were convicted.