Evening star., 1925-10-27
BALTIMORE & OHIO
EARNINGS MOUNT
Nine Month Period Shows
Net Income of S2e,659,522
Before Fixed Charges.
BY CHiS. l.. SHAEFFER.


one reason for the high level enjoyed
by Baltimore and Ohio Railroad stock,
in addition 10 the persistent rumor
that the dividend may be raised tn
9 or possibly per cent, is found in
the nine-mOnth compilation Of earn
ings made public this morning.
For the period ending September
80 last the carrier had {. net railway
operating income (before deductions
for interest and other fixed charges
of S29 9,6J9 So, q gain of 81 .93l sos over
the corresponding period of last year
a period which was Recognized as cA
cepttonally profitable During this
time the road had operating revenue
OF Sl,2,15o,52i, 1t gain of S6.6S9, -"
over 1924, while operating expenses
amounted to $l31 .S6O.4 II gain Of
but $2,ol8,59l over last year.
Septenlber'S operations netted a gain
Of more than half million dollars
over last year 81 ,S03 ,054 having been
realized in operating income as
against Si,26S,449 the same month Of
last year. Total operating revenues
amounted to 81 ,502 ,631, and expense
to $l5,291 .4J5.
PcruSal Of the accumulation Show
that freight revenues for this wear
thus far, have gained $7,459.S2S ovel.
the corresponding period Of last year
while passenger revenues decreased
Sl,2S3,120. Freight revenues in Sep
ten1ber gained S1,956,179 over tha
same month last year.
Eight Months w, Il. & i. Earnings.
Earnings OF the Washington, Bait.
more and Annapolis Electric short line
Tor the first eight months of 1872
were sufficient to add S38,0l0 TO sur
plus after setting aside interest on the
. hnrIG f ha
Gals announce. The profit and loss
surplus. which stood at S527,S3 the
beginning Of the year, now accord
| lngiy amounts to $565,S47.
These figures cover the combined
activities OF the Washington. Balti.
more and Annapolis line and its sub
| salaries, the Anna polls & ChcSa peak
Bay Power Co, the Terminal Real
Estate Co. and the Maryland Develop-
ment & Realty co. Of Anne Arundel
County.
The present buying movement In
| Capital Traction stock, on the loca
exchange. is not at the instiGa ton
/ OF the North American Co which
seeks TO control street railway trans
portation here, il was determined
| this morning. on the other hand f.
| is chargeable by some brokers 10
| he IN the interests OF private inves
! tors who hope TO realize a profit later
! on u the anticipated activities o.
! North American in the Issue eventu
| ate.
Ihe New York company was rep
| resented this morning as being dis
! interested in the stock at its presen-
level.
New Stock Sells at IOi.
! Interim receipts, when issued. des!s
| hdllAS the new . per cent preferred
| stock of the Potomac Electric Powe
| Co, sold at lo4 in today's market O,
the local exchange, premium OF 81 .
points in the initial days trading
only 80 shares Were available al thi-
figure, the market closing with 1O3i
bid and 104lc asked.
Capital Traction stock continued /,
| feature the market, still maintainin-
a strong position al iQ4ls in spite Of
q fractional loss over the previous
| day. Railway preferred stock returned
i TO the limeiiEht with 4 fine burst o.
| activity. lS3 shares selling uD TO So.
! National metropolitan Bank was yer,
strong ut $50, while 10 shares OF Fed
! eralAmerican National Bank stoci
! continued that issue 5 ascent 10 81
! other issues We're unchanged
German Issue Put on Sale.
| Ames, Emerich & Co, Federal 50
] 'hI4bi'S WI p'I&Loli ana SJEUDjh ~ 4 t
! are Offering today the issue OF 81 100
! Gee City of Duesscldorf. Germany, =
| per cent external serial gold bonds a
! from par and interest TO 937s and in
tereSt. The yields range from 10
7.65 per cent. Tho issue is dated Sep
| te1nber I, 1923. and is due $sT.5o0 an
nually September /. 1926, to 1888. Ill
elusive. beng rodeelnahlc after Sep
tcmb"r !. 1880, al lu2 and interest.
The loan Is offered primarily fer &! Z.
purpose of extending tho present city
owned electric light and power prop
critics and 10 defray the CITY : share %.
construction costs of "a water works
for the JOINT use Of DucsSeIdorf and
/ Dinsburg. The city is said 10 own
utilities valued at over So. 500 .OcV.
| which showed net profits in 1924 uf
$l.a22.5 Stock Interest in other en-
terpriSeS are reported TO be worth an
additional $4,000 900 and, with real eS-
tate. forests and agricultural lands
total assets are placed in excess ol
So 00n 600