Evening star., 1925-06-12
TRANSIT EARNINGS
AT HIGH FIGURE
Net Income $41,183 in Five
Months-Busy Day on
Local Exchange.
BY CHAS. p. SHAEFFER.

BY CHAS. p. SHAEFFER.
Net corporate income of the Wash
lnston Rapid Transit Co. for the first
llVe months OF the present calendar
year amounts to the prepossessing
total of $41,183, a compilation of
monthly reports filed with the Public
Utilities Commission shows, On this
periods basis net earnings for the
present year should approximate
s1o0, GOO, probably more, as the Fall
and early Winter demands for this
sort or transportation will likely re-
suit IN added facilities to the systems
routes.
Mays net aggregated $S,1o8, as com
pared with the previous month, when
net OF $12,313 was reported Passen-
gers declined 31,672, as compared with
april, although the Al busses EN-
ployed in May operated lat $50 live
miles, as against live mileage of 142-
GIG served by AZ busses the previous
month. The number of passengers
who fail to avail themselves Of the
lower optional fare of cents is sur
prisingly large, only 230,9 ,906 Of the
cash fares in May paying the cheaper
charge, with 220, ,499 riding at the fiat
rate Of 10 cents.
Total operating revenues in Nav
amounted to s43,145, with expenses to-
taling s35,61o. Gross income was
S8,915.
Dividend Increased
Directors of the Real Estate Mort
gage q Guaranty Corporation have in
creased by one-quarter OF l per cent
TO ~ per cent their common stock
dividend. This action was effected
yesterday afternoon when the fourth
semiannual dividend on common was
declared, as well as the fourth half.
year disbursement at the rate of
per cent on the preferred issue Both
are payable July 10 to stock of rec
ord June 20. The corporation has paid
dlVldends regularly on both issues
since organization in August, 1929.
Ine corporation reported resources
OF over S2,25O 900, while the net sur.
plus, earnings and discounts were in
creased from $148,500.97 in May, 1924.
to 1867 1886 in May of this year,
net increase during the Il months of
S218,75
Following the business meeting the
following officers and directors were
named for the ensuing wear:
l.. 4. Breuninger, president: Thomas
SomerVille and Roy L. Neuhuaser. vice
presidents; Anton Stephan. treasurer,
| ana w. r. Sickle. secretary; directors:
henry l.. Breuninger, Charles A,
larry. Fred Drew, 7. C. Dulin, Frank
II. Edmonds. Edward c. Ernst, Hay
| qen Johnson, Sol Lansburgh. Andrew
LoHer, Samuel Miller, William
Muehleisen, Horace G. Smithy, Thomas
| Somerville, jr.. Michael Il. Weller and
Donald Woodward
New High on Local Exchange.
| Preferred stock of the National
| Mortgage and Investment Corporation
| monopolized interest on the local stock
| exchange this morning when a new
of IL;
| this security. It's opening at 9Z was
| auspicious from which figure it climbed
to 10 on the following sales, while the
| unprecedented price of Il was asked"
with 924 bid" Officials of the corpora
ton attribute the rise to the favorable
| earnings statement made public a few
| days ago
Common stock of the Washington
| Railway and Electric Co. returned to
| the spotlight on the Washington
| Stock Exchange this morning, when
| so shares sold at 1245a. The price
| paid for the lot, which represented a
| single transaction, paralleled the high
| level of all time.
OF almost equal interest was the
action of Commercial National Bank
| stock, which established a new re-
cent-years' high Of ia on a sale of
10 shares. This issue has recorded
an advance of approximately 80 points
| since the beginning of the year.
Lanston Monotype was quiet at
S3h, as was Riggs National Bank at
345. Capital Traction stock sold up
ward to SO to the extent of so shares.
Twenty shares of Chapin-Sacks per
| cent preferred stock sold at 97h.
Treasury Books Closed.
Subscriptions for the recent issue
of Treasury certificates of indebted
| ness, dated June Is, bearing per
| cent interest, and maturing June Is,
| 1926, closed at the close OF business
| June 10, Secretary Mellon announced
this morning.
Reports received from the II Fed
! eral Reserve Banks show total sub
scriptions for the offering, which was
for S125, 100000, aggregated S469 ,0O0,-
| 600. subscriptions in amounts not
| exceeding 1000 were allotted in full,
in amounts over $1,000 but not ex-
| ceeding $4,000 were allotted 40 per
cent but not less than 81 1000 on any
one subscrttion, subscriptions in
amounts over 900 but not exceed
| ing 100000 were allotted to the ex-
tent of 20 per cent, but not less than
| $4,000 on any one subscription, and
those in amounts over 100000 wers
allotted 10 per cent but not less than
$4,000 on any one subscription.
McLschlen Dividend Voted.
Directors Of the McLachlen Banking
Corporation have declared the regular
semi-annual dividend of per cent on
the capital stock of the institution and
have voted the transfer of $4,000 to
the banks surplus fund, increasing
this item to the commanding total OF
S125000.
Officers are: Lanier P McLachIen,
president; Firman r. Horner, vice
president; John A. Massie, vice presi-
dent and treasurer, and Archibald Nc
Lachlen, secretary.
CHICAGO LIVE STOCK MARKET