Evening star., 1925-04-22
CAPITAL fractions
MARCH NET $77,O21
Decline Shown Over Last
Year, But Is $1,000 Ahead
of Previous Month.
BY CHAs. p. SHAEFFER.

Capital Traction Co. had a net OPP
Grating income of S77,021 in March
OF this year, d decline of about 1000
over the same month of last year.
but gain of almost $4,000 over the
previous month.
The depreciation in earnings wa
brought about by falling off of 65.0ZS
revenue passengers as compared with
1are statistics for the corresponding
month of 1924. Pay passengers In
1879 totaled only 1856, ,s11, as against
1881 ,s39 in March, 1924, a decline OF
Lie per cent.
Railway operating revenues the las,
month totaled s3S4,035. as against
1897 ,193 last year; expenses amounted
| to S259.69S and $251, ,S43. respectively.
Taxes assignable to railway operations
aggregated $34,219 and deductions
amounted to S26,4S9.
National Affiliations Sought.
Effort will be made here to form an
alumni association of the local chap
ter, American Institute of Banking.
lhe body TO be component member
OF the National Alumni Association uf
the countrywide organization
such an association, it is said, can
be of great value to the Washington
chapter, not only in furnishing a con
stant contact with the management
OF the banks in which many of the
graduates have reached official posi-
tions. but in affording the certificate
holder an opportunity to continue
active chapter work without feeling
that he is displacinS a younger man
| or woman. In addition, it is expected
TO stimulate the interest of the grad
uate in forum work, the campaign
of public education and the other ac-
tivities in which the local chapter has
only gained a foothold.
James c. Dulin, jr., is chairman Of
the organiZa ton committee. He Is
assisted by r. Jesse CLANCY, T. Hun
| ton Leith, r. c. Calvo and Florence
NJ. Willer
All past presidents of Washington
chapter, or holders Of standard certif-
| Gates in good standing, are eligible
for membership.
Freight Traffic Drops on.
Revenue producing freight moved
during the week ended April IL to-
tailed S17,284 cars, the American Rail
/ way Association announced today,
adding that the total was 5,091 cars
fewer than were moved during the
preceding week, but 36,347 more than
were used during the same week OF
| last year.
Decreased loadings of grain, coke.
forest products and miscellaneous
| freight were noted for the week. while
merchandise and less than carload
| freight amounted to 260, 760 cars, de-
crease of /, ,494 from the preceding
week, but an increase of 7,149 over
! the same week in 1924.
I. c. c. Values Railroad
The Interstate Commerce Commits
sion today fixed a total tentative val
| uation of 81 .442, 500 for the Tennessee.
Alabama and Georgia railroad. The
| corporation has outstanding capital
| issues with a par of 81 ,542,254, and an
! investment account of $4,533, ,236. The
| commission. also found a valuation of
/ 1884, ,937 for the Jefferson and North
western line in Texas, which com
pares with its capitalization of S326,-
| 600. and investment account of $31S,-
257.
Proposals by the Chicago, Milwau-
kee and ST. Paul Railroad to cancel
rates on classified freight from East
ern points through Rock Island, H.,
and Davenport. Iowa, to destinations
in Iowa, were held unjustified by the
commission.
The effect of the cancellation which
the carriers attempted. the decision
said, would have been to confine the
shipments to the st. Paul company'8
line and TO close up certain routes
LOT IEdIllC WHICH nave D66n 1OTuleQ
by combining the Chicago, Rock
Island and Pacific line with the St.
Paul in reaching Iowa points.
Trading on Local Board.
Local issues on the Washington
exchange were unchanged today.
Capital Traction stock was in fair
demand, 1S5 shares changing hands
at 925s and 95s4. Mergenthaler Limo
type was firm at 1901 and Riggs
National Bank advanced fractionally
to 34S.
City and Suburban 5s sold to the
extent of $4,000 at S4A. and Gas 6s
sold in small denominations at 102.
Traction 5s brought 971z.
Personal Mention.
Edward J. McQuade. a local director
of Mergenthaler Linotype, returned
today after attending the regular
meeting of the board in New York
yesterday. Mr.. McQuade reports the
company's earnings as about the
same as for the corresponding period
of last year"
Thomas Hopkins, jr, today assumed
the management of the local office
of Harris, Forbes & Co.
Henry T. Dunn, former manager,
who occupied this capacity for sew
eral years, has been recalled by the
parent office.