Evening star., 1925-07-21
NORTH AMERICANS
EARNINGS INCREASE
Company Reports Gain of
Over II Per Cent in Half
Year-0ther Notes.

The North American Co, which
has acquired substantial holdings in
both Capital Traction and Washing
ton Railway and Electric Co. stock,
today made public it's electric output
figures for the quarter ended June 30,
indicating that business in important
industrial centers has substantially
improved this year and is now pro
crossing at brisk pace"
The figures, based on electrical
energy supplied to 6ss $50 customers
In representative Industrial centsrs
show, that the electric output Of the
North American system was 1884 per
cent ahead of the corresponding
period last year. the April increase
being 4.ss per cent: May, 17.os per
cent, and June, 22.0s per cent. For
the first three months of this year
the output was 1890 per cent over
the similar period last year The
output for the first half Of 1925 was
1877 per cent above the 1rst six
months Of 1924.
Earnings Show Gains.
ITO get an accurate picture of 1925
contra sted with 1924" said President
Frank l.. Dame in commenting on
the output report. 1T should be borne
in mind that some new properties
have been acquired during the pres
ent year. But. after deducting the
output OF the new properties 40 as IN
measure this wears output against
last years from identical subsidiaries.
a highly sra tifying increase remains,
amounting TO 9.5 per cent for the first
quarter. 14.4 per cent for the second
quarter. and IL per cent for the first
half OF 1928.
The imports nee Of electric produc-
ton $ an index figure Of business
conditions is due 10 the wide and sT
panding use of electric power in In
dustry.'
Trading on Local Board.
Trading on the local exchange was
rather quiet TODAY, with prices how
ever. maintaining their high levels.
There was more activity on the bond
side Of the market. Washington Gas
leading with sale Of 6s-'53 at 1n31s
in a block ~ $4,000
Railway preferred sold on a rising
market, AZ shares going at S4 and
% at s4i.. Washington Gas went
al 81. Interest in bank and trust com
pany stocks continued. with three
shares of American Security and
Trust going at 34311 and ) Of Depart
mental Bank at ia.
Class ] railroads on July l had 1887
locomotives in need of repair. Ill per
cent of the number on line according
to reports fled today with the Ameri-
car Railway Association. This was a
decrease of 734 under the number on
June Is.
Insurance Sales Jump.
Sales OF ordinary life insura nee in
June this year were is per cent more
than sales in June. 1924, according TO
figures just issued by the Life Insur-
ance Sales Research Bureau Of Hart
ford. Conn. Sales in the month by 81
compa MES with So per cent Of the
business in force totaled $3.50 ,45b. 900
OF insura nee. This is less than was
sold in any Of the three preceding
months. but a decline in sales is usua
at this time Of wear. The increase Of
ably with the increase OF 10 per cent
over last year shown by sales in the
first half OF this year.
Bank Has Second Reopening.
Word from Great Falls indicates
that the First National Sank of
Shelby. Mont. which closed last week
for the second time since the Demp-
sey-Gibbons fight in Shelby. will re
open next week, as $50. 900 demanded
by the State banking department has
been raised by stockholders.
Bank President in New Role.
Robert y. Harper Of the District
National Bank has instituted a novel
tY by having constructed at his estate
in Virginia a nine-hole golf course.
His banking friends now expect him
TO learn the ancient and honorable
game in record time. He was mildly
enthusiastic after his hrst game and
already has mental picture of his
home filed with golf cups.